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2701
When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called
  • A. carriage
  • B. carriage paid
  • C. cash on delivery
  • D. franco
  • E. loco price
View Answer & Discuss NECO 2000
2702
The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as
  • A. business reply service
  • B. cash on delivery service
  • C. express mail service
  • D. free post service
  • E. posted restate service
View Answer & Discuss NECO 2000
2703

Fishing is an example of

  • A. construction industry
  • B. direct services
  • C. extractive industry
  • D. manufacturing industry
  • E. tertiary industry
View Answer & Discuss (1) NECO 2000
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2704
Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must
  • A. inform his bank to stop payment
  • B. inform Mr. Ade to tell his bank to stop payment
  • C. simply ask Mr. Ade for another cheque
  • D. tell his bank to add the amount to his bank balance
  • E. wait until the cheque is found
View Answer & Discuss NECO 2000
2705
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
  • A. an actual total loss
  • B. a constructive total loss
  • C. a general average loss,
  • D. a partial loss
  • E. a total loss
View Answer & Discuss NECO 2000
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