Neco Commerce Past Questions and Answers

Question 191:

• NECO 2003

Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ____________ department.

A. Finance
B. Management and administration
C. Publicity
D. Production
E. Packing and dispatch

Question 192:

• NECO 2003

Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?

A. Food and Drug Act
B. Hire Purchase Laws
C. Price Control Decree
D. Sale of Goods Act
E. Usury Laws

Question 193:

• NECO 2003

Which of the following risks would an insurance company not prepared to cover?

A. Change in fashion
B. Death resulting from HIV
C. Loss of cash in transit
D. Numerous employees
E. Theft of property

Question 194:

• NECO 2003

Re-exporting imported goods to another country is known as ____________ trade.

A. Barter
B. Counter
C. Entreport
D. Invisible
E. Visible

Question 195:

• NECO 2003

The reward of an agent working for a principal is a ____________

A. Bonus
B. Commission
C. Dividend
D. Interest
E. Profit