NECO Past Questions and Answers - Page 11

51.

Which of the following regards the consumer as king?

A.

consumer behavior

B.

marketing concept

C.

market mix

D.

pricing policy

E.

product mix

Correct answer is B

No explanation has been provided for this answer.

52.

Public debt management is one of the functions of a ----- bank

A.

central

B.

commercial

C.

development

D.

industrial

E.

merchant

Correct answer is A

No explanation has been provided for this answer.

53.

A financial document stating the reasons for making a payment and details of the payment is

A.

bank draft

B.

cash book

C.

cheque

D.

payslip

E.

voucher

Correct answer is E

No explanation has been provided for this answer.

54.

The process of passing information from one person to another in an organization is known as

A.

communication

B.

co-ordination

C.

delegation

D.

direction

E.

Motivation

Correct answer is A

No explanation has been provided for this answer.

55.

When the supplier changes a retailer for not returning empty packages, the supplier sends him a/an

A.

advice note

B.

consignment note

C.

credit note

D.

debit note

E.

statement

Correct answer is D

No explanation has been provided for this answer.