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Commerce 2007 NECO Past Questions

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11
The losses incurred in the running of Public Corporations are borne by the
  • A. board of directors
  • B. debenture holders
  • C. managing director
  • D. shareholders
  • E. tax payers
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12
An example of service rendering trade association is
  • A. Association of Nigerian Miners
  • B. Cocoa Farmers’ Association
  • C. Manufacturers Association of Nigeria
  • D. Nigerian Bar Association
  • E. Saw millers Association of Nigeria
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13
The actual amount of share capital a company is allowed to issue to the public is the ---- capital
  • A. authorized
  • B. issued
  • C. paid-up
  • D. reserved
  • E. working
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14
The payment made by government to producers to enable them reduce price is known as
  • A. bonus
  • B. compensation
  • C. margin
  • D. make-up
  • E. subsidy
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15
Coal mining is an example of
  • A. construction
  • B. service
  • C. extraction
  • D. manufacturing
  • E. tertiary
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