Neco Commerce Past Questions and Answers

Question 376:

• NECO 2009

A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the ____________

A. Matrix structure
B. Staff structure
C. Committee structure
D. Functional structure

Question 377:

• NECO 2009

The major advantage of using a vending machine is that ____________

A. All sales are automatic
B. It operates for 24 hours
C. It has a time limit
D. It is easily accessible

Question 378:

• NECO 2009

The quickest and most accurate means of communication is ____________

A. Fax
B. Telegram
C. Express mail
D. Railex

Question 379:

• NECO 2009

An association of two or that each cannot handle alone is ____________

A. A cartel
B. An amalgamation
C. A merger
D. A syndicate

Question 380:

• NECO 2009

Sole proprietors finance their businesses through ____________

A. Bonds and savings
B. Savings and bank overdrafts
C. Loans and mortgages
D. Bank overdrafts and leasing