NECO Commerce Past Questions & Answers - Page 2

6.

The effective dissemination of information about products is a social responsibility of a company to its

A.

shareholders

B.

management

C.

consumers

D.

employees

Correct answer is C

No explanation has been provided for this answer.

7.

An unconditional order by a creditor to a debtor requiring payment on a specified date is called

A.

promissory note

B.

letter of credit

C.

money order

D.

bill of exchange

Correct answer is D

No explanation has been provided for this answer.

8.

The luxurious boats used for passengers from one town to another are

A.

steamers

B.

launches

C.

tramp liners

D.

coastal liners

Correct answer is B

No explanation has been provided for this answer.

9.

Failure to pay an employees wage is a breach of

A.

right

B.

warranty

C.

agreement

D.

trust

Correct answer is D

No explanation has been provided for this answer.

10.

A management function which reflects effective identification and grouping of work is

A.

planning

B.

organizing

C.

coordinating

D.

staffing

Correct answer is B

No explanation has been provided for this answer.