Home ยป Past Questions ยป Commerce ยป Neco ยป 2007 ยป Page 3
43

The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of

  • A. business diversification
  • B. business integration
  • C. consumer protection
  • D. discharge of social responsibility
  • E. indigenization
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44

The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of

  • A. business diversification
  • B. business integration
  • C. consumer protection
  • D. discharge of social responsibility
  • E. indigenization
View Answer & Discuss NECO 2007
45

When a cheque has R/D written on it, it means that the cheque

  • A. has been dishonoured
  • B. has been honoured
  • C. has been paid into the drawer's account
  • D. has not been signed
  • E. is wrongly worded
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46

When a cheque has R/D written on it, it means that the cheque

  • A. has been dishonoured
  • B. has been honoured
  • C. has been paid into the drawer's account
  • D. has not been signed
  • E. is wrongly worded
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47

An example of a secured loan is

  • A. backdraft
  • B. co-operative loan
  • C. mortgage
  • D. overdraft
  • E. trade credit
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48

An example of a secured loan is

  • A. backdraft
  • B. co-operative loan
  • C. mortgage
  • D. overdraft
  • E. trade credit
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49

A document that is sent by the seller to the buyer to indicate an increase in the annual owes is

  • A. credit note
  • B. debit note
  • C. invoice
  • D. letter of credit
  • E. receipt
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50

The department responsible for recruitment and promotion of staff is

  • A. finance
  • B. legal
  • C. personnel
  • D. production
  • E. purchases
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51

The final stage in the production process is

  • A. consumption
  • B. manufacturing
  • C. retailing
  • D. warehousing
  • E. wholesaling
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52

The final stage in the production process is

  • A. consumption
  • B. manufacturing
  • C. retailing
  • D. warehousing
  • E. wholesaling
View Answer & Discuss NECO 2007