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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 211:
Kate insured her fancy store for losses arising from burglary. The store was later burnt down. Which insurance principle denied her compensation?
  • A Contribution
  • B Indemnity
  • C Proxirnate cause
  • D Subrogation
  • E Utmost good faith
View Answer & Explanation
Question 212:
Which of the following best describes span of control
  • A Directors in an organisation
  • B Financial controllers within an organisation
  • C Shareholders in a company
  • D Subordinates that an executive supervises
  • E Subordinates who can work on their own
View Answer & Explanation
Question 213:
Goods are given utility by _____________
  • A Changing their forms and location
  • B Consuming them
  • C Costing their value
  • D Numbering and counting them
  • E Packing and measuring them
View Answer & Explanation
Question 214:
Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?
  • A Credit note
  • B Debit note
  • C Delivery note
  • D Invoice
  • E Quotation
View Answer & Explanation
Question 215:
Which of the following is a non-insurable risk
  • A Cash-in-transits
  • B Consequential loss
  • C Fire
  • D Home accidents
  • E Speculative venture
View Answer & Explanation