NECO Commerce Past Questions, Answers & Explanations - Commerce

Neco Commerce Questions

Question 76:

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

View Answer & Explanation

Question 77:

NECO 2001

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

SchoolNGR Classroom

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

View Answer & Explanation

Question 78:

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

SchoolNGR Classroom

A Inquiry
B Order
C Invoice
D Quotation
E Receipt

View Answer & Explanation

Question 79:

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

View Answer & Explanation

Question 80:

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

View Answer & Explanation

Search SchoolNGR

Commerce Past Questions and Answers

Neco Commerce Questions

Stay Updated

Subjects