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Commerce Past Questions

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2741
Ships that pick up cargo from any port and travels anytime are called
  • A. cargo ships
  • B. ferries
  • C. steamers
  • D. tankers
  • E. tramps
View Answer & Discuss (1) NECO 2000
2742
The bringing of ownership and management of a former private industry under the control of the government is called
  • A. corporation
  • B. industrialization
  • C. nationalization
  • D. participation
  • E. privatization
View Answer & Discuss NECO 2001
2743
The feature of a supermarket is
  • A. having central control from head-office
  • B. sales common household goods
  • C. sales of goods without owning shops
  • D. similarity in shops’ frontages
  • E. that there are many shops under a roof
View Answer & Discuss NECO 2001
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2744
The Articles of Association of a company do NOT contain
  • A. a method of dealing with any alterations in the amount of capital
  • B. a method of sharing profits and the payment of dividends
  • C. a procedure for calling general meeting/method of voting
  • D. the amount of the authorized capital, showing its division into shares
  • E. the issue, transfer and forfeiture of shares
View Answer & Discuss NECO 2001
2745
The word ‘Commerce’ means
  • A. buying and selling of goods and services
  • B. exchange and distribution of goods and services
  • C. life-blood of every nation
  • D. production of utilities
  • E. trade and all the services which assist trade
View Answer & Discuss NECO 2001
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