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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
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
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Meaning and Importance
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Trade - Home Trade
Retail trade: Types, functions, advantages and disadvantages, trends
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Warehousing: Types, functions
Channels of distribution
Trade - Foreign Trade
Balance of trade/payment, terms of trade
Export, import and entrepôt procedures and documents
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Roles of Customs, Excise, Ports Authority
Purchase and Sale of Goods
Documents: Enquiry, quotation, invoice, bill of lading, etc.
Terms of trade: Discounts, C.O.D., C.I.F., F.O.B.
Means and terms of payment
Aids to Trade
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Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
Consumer protection
ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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2896
Brand name is used to
A.
differentiate one’s goods with others
B.
make business much easier
C.
make selling more convenient
D.
package products
E.
Standardize goods
View Answer & Discuss
NECO 2004
2897
The last link in the chain of distribution is the
A.
consumer
B.
manufacturer
C.
producer
D.
retailer
E.
wholesaler
View Answer & Discuss (1)
NECO 2004
2898
All are aids to Trade EXCEPT
A.
advertising
B.
banking
C.
retailing
D.
transportation
E.
warehousing
View Answer & Discuss
NECO 2004
2899
Profit in partnership is shared according to
A.
agreement in the deed
B.
amount contributed by each partner
C.
number of hours put in by each partner
D.
seniority of partner
E.
types of partners
View Answer & Discuss
NECO 2004
2900
At an auction sale, an auctioneer acts as a/an..........
A.
agent
B.
attorney
C.
broker
D.
principal
E.
representative
View Answer & Discuss
NECO 2004
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