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Commerce Past Questions and Answers

Neco Commerce Questions

Question 151:
____________ is a letter sent to the suppliers requesting details of goods offered for sale
  • A An Invoice
  • B Letter of enquiry
  • C Purchase order
  • D Requisition
  • E Quotation
View Answer & Explanation
Question 152:
Which of the following does NOT relate to marine insurance ... policy
  • A Endowment
  • B Floating
  • C Time
  • D Valued
  • E Voyage
View Answer & Explanation
Question 153:
Which of the following invites the general public to subscribe for its shares?
  • A Co-operative
  • B Private liability company
  • C Public corporation
  • D Public liability company
  • E Sole proprietorship
View Answer & Explanation
Question 154:
One of the barriers to foreign trade is the presence of ____________
  • A Difference in goods and services
  • B Different means of transportation
  • C Many society personnel
  • D Tariffs on goods and services
  • E Various means of production
View Answer & Explanation
Question 155:
When a business organization constructs schools and roads for the use of a community. such responsibility is ____________
  • A Commercial
  • B Economical
  • C Industrial
  • D Political
  • E Social
View Answer & Explanation