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Commerce Past Questions and Answers

Neco Commerce Questions

Question 106:
Goods that are not useful by themselves, but help in the production of other desired goods are called ____________ goods.
  • A Capital
  • B Convenience
  • C Giffen
  • D Industrial
  • E Specialty
View Answer & Explanation
Question 107:
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
  • A Chamber of Commerce
  • B Economic Community of West African States
  • C Lake-Chad Basin Commission
  • D Niger Basin Commission
  • E Trade Union
View Answer & Explanation
Question 108:
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
  • A N2,875
  • B N3,875
  • C N4,875
  • D N5,175
  • E N5,125
View Answer & Explanation
Question 109:
Who has no right of ownership to a business organization?
  • A Debenture holder
  • B Entrepreneur
  • C Partner
  • D Share-holder
  • E Sole proprietor
View Answer & Explanation
Question 110:
Which feature of money facilitates small transactions?
  • A Divisibility
  • B Durability
  • C Portability
  • D Recognisability
  • E Scarcity
View Answer & Explanation