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Commerce 2000 NECO Past Questions

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36
Which of the following means of transport is most flexible?
  • A. air
  • B. rail
  • C. road
  • D. sea
  • E. waterways
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37
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
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38
A holding company is one which holds shares in another company up to
  • A. 20%
  • B. 25%
  • C. 33%
  • D. 41%
  • E. 51%
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39
An agreement that is enforceable in law is called
  • A. a contract
  • B. a declaration
  • C. a decree
  • D. an offer
  • E. a statute
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40
One of the following does NOT fit into the group.
  • A. agriculture
  • B. carpentry
  • C. fishing
  • D. mining
  • E. quarrying
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