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Commerce Past Questions and Answers

Neco Commerce Questions

Question 146:
Which is a Public Monopoly?
  • A John Holt Nigeria plc
  • B Lever Brothers Nigeria plc
  • C National Electric Power Authority
  • D PZ Nigeria plc
  • E United Africa Company Ltd
View Answer & Explanation
Question 147:
The agreement between an exporter and a ship owner to convey goods is known as ____________
  • A Charter party
  • B Dock warrant
  • C Marine policy
  • D Shipping conference
  • E Ships manifest
View Answer & Explanation
Question 148:
Who among the following is the last link in the chain of distribution?
  • A Consignor
  • B Consumer
  • C Producer
  • D Retailer
  • E Wholesaler
View Answer & Explanation
Question 149:
The factor of production that combines others factors and bears the risks in production process is ____________
  • A Capital
  • B Entrepreneur
  • C Land
  • D Labour
  • E Wages
View Answer & Explanation
Question 150:
The reward for Labour as a factor of production is ____________
  • A Interest
  • B Premium
  • C Profit
  • D Rent
  • E Wage
View Answer & Explanation