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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 176:
A document which can be used for both internal and external trade is ____________
  • A Bill of exchange
  • B GIRO
  • C I.O.U
  • D Portal orders
  • E Promising note.
View Answer & Explanation
Question 177:
Who takes the initial step to form a company prior to its incorporation?
  • A Company secretary
  • B Managing director
  • C Promoter
  • D Registrar of company
  • E Shareholder
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Question 178:
The act of bringing a privately owned business under exclusive state ownership and control is referred to as ____________
  • A Commercialization
  • B Indigenization
  • C Nationalization
  • D Privatization
  • E Rationalization
View Answer & Explanation
Question 179:
Organizational chart is a diagram showing the ____________
  • A Flow of authority and responsibilities in a organization
  • B Offices of both subordinates and officials
  • C Organization of staff in an organization
  • D Positions of workers in an organization
  • E Span of management control
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Question 180:
A share ducted “Cum div”, means that the dividend for the current year will be paid to the ____________
  • A Buyer of the shares
  • B Broker of the shares
  • C Jobber of the shares
  • D Seller of the shares
  • E Stock exchange authority
View Answer & Explanation