NECO Past Questions and Answers - Page 41

201.

The 4C’s of credit are

A.

consumer, collateral, company and cost

B.

collateral, capital, company and cost

C.

collate capital, character and capacity

D.

character, cost, capital and capacity

E.

capital, capacity, consumer and character

Correct answer is C

No explanation has been provided for this answer.

202.

The changing of the original form of an object to a form that can give satisfaction to a want is known as

A.

commerce

B.

construction

C.

consumption

D.

occupation

E.

production

Correct answer is E

No explanation has been provided for this answer.

203.

The word “close-up” as used in toothpaste is a

A.

brand name

B.

Company’s name

C.

Company’s logo

D.

Patent right

E.

Symbol

Correct answer is A

No explanation has been provided for this answer.

204.

The branches of Commerce include all the following EXCEPT

A.

advertising

B.

barbing

C.

trade

D.

transport

E.

warehousing

Correct answer is B

No explanation has been provided for this answer.

205.

The government regulates business activities through the following measures EXCEPT

A.

copy right

B.

patents

C.

registration

D.

trade marks

E.

inspection

Correct answer is D

No explanation has been provided for this answer.