NECO Commerce Past Questions & Answers - Page 69

341.

Which is NOT a legislation aimed at protecting the consumer?

A.

consumer association act

B.

food and drugs act

C.

hire purchase act

D.

sales of goods act

E.

trade description act

Correct answer is E

No explanation has been provided for this answer.

342.

One of the following does NOT fit into the group.

A.

agriculture

B.

carpentry

C.

fishing

D.

mining

E.

quarrying

Correct answer is B

No explanation has been provided for this answer.

343.

An agreement that is enforceable in law is called

A.

a contract

B.

a declaration

C.

a decree

D.

an offer

E.

a statute

Correct answer is A

No explanation has been provided for this answer.

344.

A holding company is one which holds shares in another company up to

A.

20%

B.

25%

C.

33%

D.

41%

E.

51%

Correct answer is E

No explanation has been provided for this answer.

345.

Which of the is used in calculating working capital?

A.

factory premises

B.

furniture and fittings

C.

machinery

D.

office equipment

E.

stock of raw material

Correct answer is E

No explanation has been provided for this answer.