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Home
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Commerce
NECO 2004
Commerce 2004 NECO Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
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Meaning and types: Primary, secondary, tertiary
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Forms: Sole proprietorship, Partnership, Limited liability companies, Public enterprises, Cooperative societies
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Role of Bureau de Change
Trade Associations and Economic Groups
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Trade - Home Trade
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Agency, Sale of Goods Act, Hire Purchase Act
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ICT in Commerce
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Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
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41
The full amount of capital which a company is authorized to raise is stated in the
A.
articles of association
B.
certificate of incorporation
C.
certificate of trading
D.
memorandum of association
E.
share certificate
View Answer & Discuss
NECO 2004
42
In a private limited liability company shares can be transferred
A.
at the end of a financial year
B.
by applying to the registrar of companies
C.
without consulting other shareholders
D.
with the consent to other shareholders
E.
with the consent of the managing director
View Answer & Discuss
NECO 2004
43
A voluntary body formed by members of a particular branch of trade or industry to represent interest of members is known as
A.
chambers of commerce
B.
cooperative society
C.
trade association
D.
trade commissions
E.
trade union
View Answer & Discuss
NECO 2004
44
The services offered by the following people .could be grouped under direct services. EXCEPT
A.
doctors
B.
entertainers
C.
lawyers
D.
policemen
E.
teachers
View Answer & Discuss
NECO 2004
45
Which of the following is NOT part of the documents to be submitted for the registration of companies?
A.
A statement of nominal capital
B.
A statutory declaration signed by a solicitor
C.
Articles of Association
D.
Memorandum of Association
E.
The balance sheet of the company
View Answer & Discuss
NECO 2004
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