Neco Commerce Past Questions and Answers

Question 321:

• NECO 2007

The practice of selling some goods below market price to attract more customers is known as ____________

A. Hoarding
B. Loss leader
C. Market sharing
D. Profiteering
E. Speculating

Question 322:

• NECO 2007

Shares that are fully paid can be converted into bulks known as ____________

A. Bonds
B. Capital reserves
C. Debentures
D. Guilt-edged securities
E. Stocks

Question 323:

• NECO 2007

Telecommunication services are provided by ____________

A. Bureau De Change
B. Courier Services
C. Date Post
D. NIPOST
E. NITEL

Question 324:

• NECO 2007

Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is ____________

A. N180,000.00
B. N227,000.00
C. N279,000.00
D. N290,000.00
E. N301,000.00

Question 325:

• NECO 2007

Which of the following is NOT a function of Commerce?

A. Assisting Companies in raise capital
B. Assisting in transporting men and materials to production points
C. Extracting goods for further production and processing
D. Storing goods until they are needed
E. Offering employment opportunities to a large number of people