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3031
Which of the following is NOT a function of Commerce?
  • A. Assisting Companies in raise capital
  • B. Assisting in transporting men and materials to production points
  • C. Extracting goods for further production and processing
  • D. Storing goods until they are needed
  • E. Offering employment opportunities to a large number of people
View Answer & Discuss NECO 2007
3032
In which order are the following documents used?

I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
  • A. I, II, III, IV and V
  • B. I, V, III, IV and II
  • C. II, I, IV, III and V
  • D. III, II, V, I and IV
  • E. V, IV, I, III and II
View Answer & Discuss NECO 2007
3033
The price of an item is N 300 with a trade discount of 20%, What is the selling price?
  • A. N180
  • B. N240
  • C. N300
  • D. N360
  • E. no option
View Answer & Discuss NECO 2009
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3034
A hire purchase transaction becomes a sale when the hirer
  • A. pays full cost of the goods
  • B. agrees with the hire purchase terms
  • C. takes possession of the goods
  • D. pays part of the instalments
View Answer & Discuss NECO 2009
3035
An electronic system of communication which serves as the international information bank is called
  • A. an e-mail
  • B. a satellite
  • C. a telex
  • D. the Internet
View Answer & Discuss NECO 2009
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