NECO Commerce Past Questions & Answers - Page 55

271.

The fastest and most accurate means of passing information is

A.

airmail letter

B.

express letter

C.

registered letter

D.

telegram

E.

telephone

Correct answer is E

No explanation has been provided for this answer.

272.

The reputation and good image benefits arising from the business connections of a firm are called

A.

commission

B.

dividend

C.

goodwill

D.

interest

E.

profit

Correct answer is C

No explanation has been provided for this answer.

273.

The factor of production which involves both the mental and physical effort of man is called

A.

capital

B.

entrepreneur

C.

labour

D.

land

E.

work

Correct answer is C

No explanation has been provided for this answer.

274.

Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?

A.

auctioneer

B.

chamber of commerce

C.

del-credere agent

D.

insurance agent

E.

stock broker

Correct answer is E

No explanation has been provided for this answer.

275.

A bank overdraft can only be granted to the holder of a

A.

current account

B.

deposit account

C.

fixed deposit

D.

savings account

E.

time deposit

Correct answer is A

No explanation has been provided for this answer.