2014/15 Neco June/July Commerce Answers Available Here.

COMMERCE QUESTIONS Answer any five questions from dis paper Number (1a). List and explain 3 types of Market 1b. In a tabular form, state 4 differences between marketing and selling 1c. Mention 3 types of utility Number (2). D following information is extracted from d books of Abu &Co. Ltd as at 31st december, 2008. In a tabular form: Items: stock as at 1st jan | sales | purchases | carriage inwards | return inwards | cash | stock as at 31st Dec. | wages and salaries | expenses. Naira : Kobo: 22,000.00 | 46,000.00 | 8,500.00 | 500.00 | 600.00 | 3,000.00 | 4,000.00 | 2,000.00 | 500.00. Use d information above to a. Calculate d net profit b. Calculate d turnover c. Express d gross profit as percentage of turnover d. Calculate d average stock. Number (3a). Give 4 reasons why U tink privatization wil be of benefit to d Nigerian Economy. B. Explain 4 aims and objectives of West African Clearing House (WACH) Number (4a). Define the commercial / . 4b. List and explain any four send by the seller to the buyer. Number (5a.) List & explain 4 means of inland water transportation in Nigeria. B. Give 4 examples of means of international water transportation Number (6a.) Wat is partnership deed b. State eight items contained in a partnership deed Number (7) Briefly explain the following terms. A. Conditions. B. Warranties. C. Breach of contract. D. Contract under deal. E. Termination of contract. Number (8a). List four metals commodities trade in the commodity exchange 8b. List and explain four types of commercial activities Number (9a.) What is delegation of authorities. 9b. State four advantages and disadvantages of delegation of anthorities. To Get the complete Answers For the Above Question Directly Call 08103576880