Neco Commerce Past Questions and Answers

Question 216:

• NECO 2004

A business person who contracts to sell shares in the expectation of a fall in price is a _____________

A. Bear
B. Broker
C. Bull
D. Jobber
E. Speculator

Question 217:

• NECO 2004

Business transactions are usually based upon agreements known as _____________

A. Confidence
B. Contract
C. Good-will
D. Proposal
E. Understanding

Question 218:

• NECO 2004

The prospectus of a company must include _____________

A. Names and addresses of management staff
B. The certificate of incorporation
C. The directors remuneration
D. The value of annual dividend
E. Types of shares available and their cost

Question 219:

• NECO 2004

Who among the following assess goods on arrival at a port?

A. Agent
B. Customs
C. Importer
D. Shipping company
E. Ship owner

Question 220:

• NECO 2004

The right to retain possession of property of another until certain legitimate demands are satisfied is known as _____________

A. Agency
B. Copyright
C. Guarantee
D. Lien
E. Patent