NECO Past Questions and Answers - Page 13

61.

The amount receivable by shareholders after the declaration of profit is called

A.

bonus

B.

commission

C.

dividend

D.

interest

E.

premium

Correct answer is C

No explanation has been provided for this answer.

62.

The following are methods of quoting prices EXCEPT

A.

A.C.I.F

B.

F.A.S

C.

F.O.B

D.

L.O.C.O

E.

E.O.E

Correct answer is A

No explanation has been provided for this answer.

63.

Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the

A.

agent

B.

auctioneer

C.

broker

D.

offeree

E.

offeror

Correct answer is E

No explanation has been provided for this answer.

64.

The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the

A.

aero plane

B.

caravan

C.

lorry

D.

ship

E.

train

Correct answer is E

No explanation has been provided for this answer.