NECO Commerce Past Questions & Answers - Page 8

36.

Sole proprietors finance their businesses through

A.

bonds and savings

B.

savings and bank overdrafts

C.

loans and mortgages

D.

bank overdrafts and leasing

Correct answer is B

No explanation has been provided for this answer.

37.

An association of two or that each cannot handle alone is

A.

a cartel

B.

an amalgamation

C.

a merger

D.

a syndicate

Correct answer is D

No explanation has been provided for this answer.

38.

The quickest and most accurate means of communication is

A.

fax

B.

telegram

C.

express mail

D.

railex

Correct answer is B

No explanation has been provided for this answer.

39.

The major advantage of using a vending machine is that

A.

all sales are automatic

B.

it operates for 24 hours

C.

it has a time limit

D.

it is easily accessible

Correct answer is D

No explanation has been provided for this answer.

40.

A system in which a group of persons are appointed to carry out special duties of policy and decision-making is referred to as the

A.

matrix structure

B.

staff structure

C.

committee structure

D.

functional structure

Correct answer is C

No explanation has been provided for this answer.