NECO Commerce Past Questions & Answers - Page 43

211.

Which of the following forms of business unit requires a certificate of trading before commencing business?

A.

Partnership

B.

Public liability company

C.

Private liability company

D.

Public corporation

E.

Sole proprietorship

Correct answer is B

No explanation has been provided for this answer.

212.

Advertising could be used to achieve all the following EXCEPT

A.

building primary demand

B.

creating brand loyalty

C.

creating employee loyalty

D.

enhancing turn-over

E.

increasing market share

Correct answer is C

No explanation has been provided for this answer.

213.

The special right of privileges granted to an inventor to make use of what he has invented is known as fundamental right.

A.

copyright

B.

fundamental right

C.

patent

D.

right to machine

E.

trade mark

Correct answer is C

No explanation has been provided for this answer.

214.

A large rental organization with a number of sections selling different goods in the same building is called a ....

A.

chain store

B.

departmental store

C.

multiple shop

D.

self service shop

E.

Supermarket

Correct answer is B

No explanation has been provided for this answer.

215.

When a business organization constructs schools and roads for the use of a community. such responsibility is

A.

commercial

B.

economical

C.

industrial

D.

political

E.

social

Correct answer is E

No explanation has been provided for this answer.