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Commerce 2003 NECO Past Questions

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46
A document which can be used for both internal and external trade is
  • A. bill of exchange
  • B. GIRO
  • C. I.O.U
  • D. portal orders
  • E. promising note.
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47
Who takes the initial step to form a company prior to its incorporation?
  • A. Company secretary
  • B. Managing director
  • C. Promoter
  • D. Registrar of company
  • E. shareholder
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48
The act of bringing a privately owned business under exclusive state ownership and control is referred to as
  • A. commercialization
  • B. indigenization
  • C. nationalization
  • D. privatization
  • E. rationalization
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49
Organizational chart is a diagram showing the
  • A. flow of authority and responsibilities in a organization
  • B. offices of both subordinates and officials
  • C. organization of staff in an organization
  • D. positions of workers in an organization
  • E. span of management control
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50
A share ducted “Cum div”, means that the dividend for the current year will be paid to the
  • A. buyer of the shares
  • B. broker of the shares
  • C. jobber of the shares
  • D. seller of the shares
  • E. stock exchange authority
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now