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Tuesday, 28 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 326:
In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
  • A I, II, III, IV and V
  • B I, V, III, IV and II
  • C II, I, IV, III and V
  • D III, II, V, I and IV
  • E V, IV, I, III and II
View Answer & Explanation
Question 327:
The final stage in the production process is ____________
  • A Consumption
  • B Manufacturing
  • C Retailing
  • D Warehousing
  • E Wholesaling
View Answer & Explanation
Question 328:
The department responsible for recruitment and promotion of staff is ____________
  • A Finance
  • B Legal
  • C Personnel
  • D Production
  • E Purchases
View Answer & Explanation
Question 329:
A document that is sent by the seller to the buyer to indicate an increase in the annual owes is ____________
  • A Credit note
  • B Debit note
  • C Invoice
  • D Letter of credit
  • E Receipt
View Answer & Explanation
Question 330:
An example of a secured loan is ____________
  • A Backdraft
  • B Co-operative loan
  • C Mortgage
  • D Overdraft
  • E Trade credit
View Answer & Explanation