Neco Commerce Past Questions and Answers

Question 306:

• NECO 2007

Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the ____________

A. Agent
B. Auctioneer
C. Broker
D. Offeree
E. Offeror

Question 307:

• NECO 2007

The following are methods of quoting prices EXCEPT

A. A.C.I.F
B. F.A.S
C. F.O.B
D. L.O.C.O
E. E.O.E

Question 308:

• NECO 2007

The amount receivable by shareholders after the declaration of profit is called ____________

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

Question 309:

• NECO 2007

Which of the following is an invisible item of trade?

A. Banking Service
B. Petroleum Product
C. Processed Rice
D. Processed Milk
E. Processed Yam Flour

Question 310:

• NECO 2007

Income distribution, nature of natural resources, investment etc. forms part of ____________ business environment.

A. Cultural
B. Economic
C. Political
D. Social
E. Technological