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Commerce Past Questions and Answers

Neco Commerce Questions

Question 91:

The affairs of the co-operative society are in the hands of the ____________

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A Board of directors
B Board of trustees
C Executive members
D Registrar of Co-operatives
E Shareholders

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Question 92:

.
C.
ln which business is profit shared amongst the shareholders on the basis of patronage?

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A Co-operative society
B Joint stock company
C Partnership
D Public company
E Sole proprietorship

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Question 93:

Which of NOT a class of preference shares?

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A Cumulative
B Debenture
C . non-cumulative
D Participating
E Redeemable

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Question 94:

What is NOT an advantage of indigenization?

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A Lt enhances the development of private initiative
B Lt ensures that important social services are provided at affordable cost
C Lt ensures that Nigerians control and run the business enter-prize of their country
D It fosters and accelerates the pace of industrial development
E There is a saving in foreign exchange

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Question 95:

Which union is formed by the workers of firms of similar line of business to cater for their interests?

SchoolNGR Classroom

A Co-operative
B Employees
C Firms
D Trade
E Welfare

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