Commerce Past Questions, Answers & Explanations For JAMB, WAEC, NECO & Post UTME - Commerce

Commerce Questions

Question 3876:

NECO 2001

What is NOT the function of an entrepreneur?

SchoolNGR Classroom

A Bearing risks
B Deciding on tax to pay
C Deciding what to produce
D Organizing other factors
E Providing initial capital

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Question 3877:

NECO 2001

What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?

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A Closer contact market trends, etc.
B Decrease in bad debts
C Greater intensiveness of the sales campaign
D No trading discounts need be allowed
E Sales are more accurately and efficiently made to the consumer

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Question 3878:

NECO 2001

A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan

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A Inquiry
B Order
C Invoice
D Quotation
E Receipt

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Question 3879:

NECO 2001

What is NOT a function of a retailer?

SchoolNGR Classroom

A Granting credit to consumers
B Guiding the consumers in making their choices
C Insuring goods for consumers
D Paying personal attention to consumers
E Providing goods wanted by the consumers

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Question 3880:

NECO 2001

What is NOT a source of capital for a business?

SchoolNGR Classroom

A Borrowing from somewhere
B Issuing of dividend warrant
C Retained profit
D Issuing of shares
E Personal savings

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