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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
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2816
Goods that are not useful by themselves, but help in the production of other desired goods are called ....... goods.
A.
capital
B.
convenience
C.
giffen
D.
industrial
E.
specialty
View Answer & Discuss
NECO 2002
2817
What is a voluntary association of business executives, tradesmen, or entrepreneurs?
A.
Chamber of Commerce
B.
Economic Community of West African States
C.
Lake-Chad Basin Commission
D.
Niger Basin Commission
E.
Trade Union
View Answer & Discuss
NECO 2002
2818
Goods invoiced at N5,000.00 were sold to Adegoke at less 2½% trade discount. How much would he pay
A.
N2,875
B.
N3,875
C.
N4,875
D.
N5,175
E.
N5,125
View Answer & Discuss
NECO 2002
2819
Who has no right of ownership to a business organization?
A.
debenture holder
B.
entrepreneur
C.
partner
D.
share-holder
E.
sole proprietor
View Answer & Discuss
NECO 2002
2820
Which feature of money facilitates small transactions?
A.
divisibility
B.
durability
C.
portability
D.
recognisability
E.
scarcity
View Answer & Discuss
NECO 2002
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