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Commerce Past Questions and Answers

Neco Commerce Questions

Question 71:

A syndicate is an/a ____________

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A Association formed by the joining together of firms which were previously independent
B Association of firms at the same stage of production, formed for the purpose of keeping up prices
C Association of firms for the regulation of output and prices
D Combination of firm which carry on the same kind of business such as retailing
E Company that controls one or more other companies by holding majority of their shares

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Question 72:

The bringing of ownership and management of a former private industry under the control of the government is called

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A Corporation
B Industrialization
C Nationalization
D Participation
E Privatization

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Question 73:

The feature of a supermarket is ____________

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A Having central control from head-office
B Sales common household goods
C Sales of goods without owning shops
D Similarity in shops’ frontages
E That there are many shops under a roof

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Question 74:

The Articles of Association of a company do NOT contain

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A A method of dealing with any alterations in the amount of capital
B A method of sharing profits and the payment of dividends
C A procedure for calling general meeting/method of voting
D The amount of the authorized capital, showing its division into shares
E The issue, transfer and forfeiture of shares

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Question 75:

The word ‘Commerce’ means ____________

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A Buying and selling of goods and services
B Exchange and distribution of goods and services
C Life-blood of every nation
D Production of utilities
E Trade and all the services which assist trade

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