NECO Commerce Past Questions & Answers - Page 13

61.

Income distribution, nature of natural resources, investment etc. forms part of -----business environment.

A.

cultural

B.

economic

C.

political

D.

social

E.

technological

Correct answer is B

No explanation has been provided for this answer.

62.

Which of the following is an invisible item of trade?

A.

Banking Service

B.

Petroleum Product

C.

Processed Rice

D.

Processed Milk

E.

Processed Yam Flour

Correct answer is A

No explanation has been provided for this answer.

63.

The amount receivable by shareholders after the declaration of profit is called

A.

bonus

B.

commission

C.

dividend

D.

interest

E.

premium

Correct answer is C

No explanation has been provided for this answer.

64.

The following are methods of quoting prices EXCEPT

A.

A.C.I.F

B.

F.A.S

C.

F.O.B

D.

L.O.C.O

E.

E.O.E

Correct answer is A

No explanation has been provided for this answer.

65.

Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the

A.

agent

B.

auctioneer

C.

broker

D.

offeree

E.

offeror

Correct answer is E

No explanation has been provided for this answer.