Neco Commerce Past Questions and Answers

Question 156:

• NECO 2003

A large rental organization with a number of sections selling different goods in the same building is called a ____________

A. Chain store
B. Departmental store
C. Multiple shop
D. Self service shop
E. Supermarket

Question 157:

• NECO 2003

The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.

A. Copyright
B. Fundamental right
C. Patent
D. Right to machine
E. Trade mark

Question 158:

• NECO 2003

Advertising could be used to achieve all the following EXCEPT

A. Building primary demand
B. Creating brand loyalty
C. Creating employee loyalty
D. Enhancing turn-over
E. Increasing market share

Question 159:

• NECO 2003

Which of the following forms of business unit requires a certificate of trading before commencing business?

A. Partnership
B. Public liability company
C. Private liability company
D. Public corporation
E. Sole proprietorship

Question 160:

• NECO 2003

Shares issued to existing shareholders, without paying for them are referred to as ____________ issue.

A. Allowance
B. Bonus
C. Extra
D. Right
E. Special