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Commerce 2002 NECO Past Questions

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46
What is the main aim and objective of ECOWAS?
  • A. increasing the tax rate among member countries
  • B. operating banking services among members
  • C. promoting cooperation and development in all fields of economic activities
  • D. providing employment opportunity to a few countries
  • E. providing essential services among members
View Answer & Discuss NECO 2002
47
The best definition of Communication in Commerce is
  • A. distribution of information
  • B. movement of files
  • C. movement of goods and passengers
  • D. storing information
  • E. transmission of information
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48
What is NOT a function of marketing?
  • A. changing the nature of the marketable goods
  • B. enlargement of the market
  • C. export promotion
  • D. provision of employment
  • E. segmenting the market
View Answer & Discuss (1) NECO 2002
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49
Assets of a business which can easily be changed into cash are called
  • A. authorized capital
  • B. current liabilities
  • C. fixed assets
  • D. liquid capital
  • E. paid-up capital
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50
Assets of a business which can easily be changed into cash are called
  • A. authorized capital
  • B. current liabilities
  • C. fixed assets
  • D. liquid capital
  • E. paid-up capital
View Answer & Discuss (3) NECO 2002
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