Neco Commerce Past Questions and Answers

Question 336:

• NECO 2007

A disadvantage of commercialization of public enterprises in Nigeria is that it ____________

A. Creates room for competition with private owned enterprises
B. Enables consumers have value for their money
C. Generates funds for government
D. Leads to reduction in work force
E. Promotes efficiency

Question 337:

• NECO 2007

The losses incurred in the running of Public Corporations are borne by the ____________

A. Board of directors
B. Debenture holders
C. Managing director
D. Shareholders
E. Tax payers

Question 338:

• NECO 2007

An example of service rendering trade association is ____________

A. Association of Nigerian Miners
B. Cocoa Farmers’ Association
C. Manufacturers Association of Nigeria
D. Nigerian Bar Association
E. Saw millers Association of Nigeria

Question 339:

• NECO 2007

The actual amount of share capital a company is allowed to issue to the public is the ____________ capital

A. Authorized
B. Issued
C. Paid-up
D. Reserved
E. Working

Question 340:

• NECO 2007

The payment made by government to producers to enable them reduce price is known as ____________

A. Bonus
B. Compensation
C. Margin
D. Make-up
E. Subsidy