NECO Commerce Past Questions & Answers - Page 22

106.

The activities concerned with changing of raw materials into finished products belong to ______ occupation

A.

commercial

B.

constructive

C.

extractive

D.

manufacturing

E.

service

Correct answer is D

No explanation has been provided for this answer.

107.

The coming together of two or more firms with each of them losing its identity is known as

A.

amalgamation

B.

cartel

C.

consortium

D.

holding

E.

trust

Correct answer is A

No explanation has been provided for this answer.

108.

The aid to trade which enables producer and consumer to transact business without physical contact is known as

A.

advertising

B.

communication

C.

insurance

D.

tourism

E.

transportation

Correct answer is B

No explanation has been provided for this answer.

109.

The document that spells out the relationship of a company with the outside world is known as

A.

article of association

B.

certificate of incorporation

C.

deed of partnership

D.

document of registration

E.

memorandum of association

Correct answer is E

No explanation has been provided for this answer.

110.

Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a

A.

discount

B.

gain

C.

loss

D.

par value

E.

premium

Correct answer is E

No explanation has been provided for this answer.