NECO Commerce Past Questions & Answers - Page 33

161.

A business person who contracts to sell shares in the expectation of a fall in price is a

A.

bear

B.

broker

C.

bull

D.

jobber

E.

speculator

Correct answer is A

No explanation has been provided for this answer.

162.

Which of the following is a non-insurable risk

A.

Cash-in-transits

B.

Consequential loss

C.

Fire

D.

Home accidents

E.

Speculative venture

Correct answer is E

No explanation has been provided for this answer.

163.

Which of the following documents shows a summary of a complete sale which the supplier sends to the buyer?

A.

Credit note

B.

Debit note

C.

Delivery note

D.

Invoice

E.

Quotation

Correct answer is C

No explanation has been provided for this answer.

164.

Goods are given utility by

A.

changing their forms and location

B.

consuming them

C.

costing their value

D.

numbering and counting them

E.

packing and measuring them

Correct answer is B

No explanation has been provided for this answer.

165.

Which of the following best describes span of control

A.

Directors in an organisation

B.

Financial controllers within an organisation

C.

Shareholders in a company

D.

Subordinates that an executive supervises

E.

Subordinates who can work on their own

Correct answer is D

No explanation has been provided for this answer.