Neco Commerce Past Questions and Answers

Question 346:

• NECO 2009

Free editorial space or time not paid for by an organization is called ____________

A. Sales promotion
B. Publicity
C. Public relations
D. Advertisement

Question 347:

• NECO 2009

The profit received by a member of a cooperative society is ____________

A. A rebate
B. An allowance
C. A dividend
D. A share

Question 348:

• NECO 2009

The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the ____________

A. Shareholders
B. Promoters
C. Directors
D. Entrepreneur

Question 349:

• NECO 2009

information and communication technology is advantageous to the banking industry because ____________

A. Overhead cost is reduced
B. The number of customers increases
C. Service delivery is fast
D. Interest rates are raised

Question 350:

• NECO 2009

Foreign trade transactions are carrried out through the use of ____________

A. Commercial papers
B. Bank drafts drawn by commercial banks on their foreign braches
C. Irrevocably confirmed letters of credit
D. Letters of credit authenticated by embassies