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Commerce 2001 NECO Past Questions

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21
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C.
ln which business is profit shared amongst the shareholders on the basis of patronage?
  • A. co-operative society
  • B. joint stock company
  • C. partnership
  • D. public company
  • E. sole proprietorship
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22
Which of NOT a class of preference shares?
  • A. cumulative
  • B. debenture
  • C. . non-cumulative
  • D. participating
  • E. redeemable
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23
What is NOT an advantage of indigenization?
  • A. lt enhances the development of private initiative
  • B. lt ensures that important social services are provided at affordable cost
  • C. lt ensures that Nigerians control and run the business enter-prize of their country
  • D. It fosters and accelerates the pace of industrial development
  • E. There is a saving in foreign exchange
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24

Which union is formed by the workers of firms of similar line of business to cater for their interests?

  • A. co-operative
  • B. employees
  • C. firms
  • D. trade
  • E. welfare
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25
What is NOT an advantage of combinations (monopolies)?
  • A. bender opportunity to expand operations
  • B. fall in the cost of selling
  • C. pool of specialized managerial skills
  • D. centralized management
  • E. danger of over-capitalization
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