NECO Commerce Past Questions & Answers - Page 72

356.

The breaking down of work into different processes is known as

A.

division of labour

B.

exchange

C.

production

D.

specialization

E.

working party

Correct answer is A

No explanation has been provided for this answer.

357.

A tax paid on goods manufactured and consumed in your country is called

A.

consumer tax

B.

custom duty

C.

excise duty

D.

goods tax

E.

income tax

Correct answer is C

No explanation has been provided for this answer.

358.

Which of the following is NOT regarded as a welfare service in an organization?

A.

housing

B.

medical facilities

C.

recreational facilities

D.

training

E.

transportation

Correct answer is D

No explanation has been provided for this answer.

359.

Which of the following is NOT part of Pre-Sales Service/ice?

A.

assisting the prospective buyer to set up facilities for storage

B.

dispatching of quotation and price list

C.

granting of credit or hire purchase sales facilities

D.

providing detailed information about goods to be purchased

E.

provision of transportation and delivery services

Correct answer is E

No explanation has been provided for this answer.

360.

Bankers settle their mutual indebtedness in a

A.

clearing and forwarding house

B.

clearing house

C.

development bank

D.

discount house

E.

stock exchange market

Correct answer is B

No explanation has been provided for this answer.