Neco Commerce Past Questions and Answers

Question 251:

• NECO 2005

The following are advantages of division of labour specialization EXCEPT that it ____________

A. Enhances interdependence
B. Increases output
C. Increases skill and dexterity
D. Leads to monotony
E. Promotes efficient of tools

Question 252:

• NECO 2005

Branding is the assigning of trade marks to goods for the purpose of ____________ by the public.

A. Demand
B. Identification
C. Replacement
D. Stabilization
E. Standardization

Question 253:

• NECO 2005

Which of the following advertising media preselects its readership through the nature of its content?

A. Billboard
B. Hand bill
C. Magazine
D. Newspaper
E. Poster

Question 254:

• NECO 2005

In the event of winding up of a company, who among the following is paid last?

A. Cumulative preference shareholders
B. Debenture holders
C. Ordinary shareholders
D. Preference Shareholders
E. Trade creditors

Question 255:

• NECO 2005

Which of the following is NOT a credit instrument?

A. Bank Notes
B. Bill of Exchange
C. Bill of Lading
D. Cheques
E. Promissory Notes