NECO Commerce Past Questions & Answers - Page 15

71.

A marketing term the for the presentation of goods in a neatly wrapped container is

A.

advertising

B.

credit to customers

C.

labelling

D.

merchandising

E.

packaging

Correct answer is E

No explanation has been provided for this answer.

72.

“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of

A.

advertising

B.

credit to customers

C.

customer service

D.

sales promotion

E.

trade discount

Correct answer is D

No explanation has been provided for this answer.

73.

An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….

A.

accident

B.

endowment

C.

fire

D.

fidelity

E.

whole life

Correct answer is B

No explanation has been provided for this answer.

74.

From the date of issue, cheques are valid for-----------months.

A.

3

B.

4

C.

5

D.

6

E.

9

Correct answer is D

No explanation has been provided for this answer.

75.

Which of the following is NOT true of a cheque as a means of payment? It

A.

can be made out of a definite payee

B.

is generally acceptable

C.

is safer than carrying cash

D.

is transferable

E.

serves as a proof of payment

Correct answer is B

No explanation has been provided for this answer.