NECO Commerce Past Questions & Answers - Page 9

41.

Personal selling is important to a business because it can be used to

A.

distract competitors

B.

distribute free samples

C.

sell custom-made products

D.

effect labour - oriented pricing

Correct answer is B

No explanation has been provided for this answer.

42.

An electronic system of communication which serves as the international information bank is called

A.

an e-mail

B.

a satellite

C.

a telex

D.

the Internet

Correct answer is D

No explanation has been provided for this answer.

43.

A hire purchase transaction becomes a sale when the hirer

A.

pays full cost of the goods

B.

agrees with the hire purchase terms

C.

takes possession of the goods

D.

pays part of the instalments

Correct answer is A

No explanation has been provided for this answer.

44.

The price of an item is N 300 with a trade discount of 20%, What is the selling price?

A.

N180

B.

N240

C.

N300

D.

N360

E.

no option

Correct answer is B

No explanation has been provided for this answer.

45.

In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation

A.

I, II, III, IV and V

B.

I, V, III, IV and II

C.

II, I, IV, III and V

D.

III, II, V, I and IV

E.

V, IV, I, III and II

Correct answer is B

No explanation has been provided for this answer.