Real And Verified Neco 2015 Commerce Obj And Theory Answer

Commerce-Type B
1-10 BECABBADAE
11-20 DEDBBEEBCA
21-30 DDACBBEEAA
31-40 ACACAEDEED
41-50 EBDADBEDBB
51-60 EDCDDBEDBD
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Commerce-Type C
1BEEABDADAE
11DEDBCEEBCA
21DAACBBEEAA
31ACACAEDEED
41EBDAADEBBD
51EDCDDBEBAA
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Commerce-Type C
===============
1B-departmental stores
2E-provides do to door
3E-sole proprietorship
4A-filling deposit slip
5B-chamber of commerce
6D-retailer
7A-brand
8D-subrogation
9A-ability to cover business risk
through insurance
10E-specultion
11D-performance
12E-working
13D-free
14B-entrepreneur
15C-move goods from factory to
consumer
16E-tax evasion
17E-insufficient fund
18B-customers address
19C-passenger and cargo
20A-N160000
21D-order
22A-commercialisation
23A-bid
24C-overdraft
25B-franchise
26B-mark up
27E-valuable consideration
28E-supply and demand policy
29A-economic
30A-granting loans
31A-individuals transact business
with central bank
32C-dishonoured
33A-financial
34C-fishing
35A-co-operative society
36E-spreading financial losses on
investors
37D-state
38E-working
39E-planning
40D-influence private life
41E-trainning
42B-fixed
43D-manufacturing
44A-enjoy monopoly
45A-finance
46B-post sales activities
47E-Reciept
48D-encourage dumping
49B-gross profit/selling price *100%
50B- general
51E- general
52D-providehome and foreign trade
53C-60000
54D-100000
55D-trade journals
56B-direct
57E-persuasive
58B-express mail
59A-balance of payment
60A-buyers beware
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Commerce-Answers!
=================
1)
i).prospectus:A prospectus is any
circular,note,newspaper
advertisement or other invitation
offering to the public for
subscription or purchase of any
share or debentures of company.it is
usually published with application
form.share are allotted to those who
apply
ii).by offer for sale:the whole issue
of shares is allotted to an issuing
house (merchant bank,financial
house) which offer them to the
public by means of offer-for-sale
iii).by a right-issue:a newly
established company may issue
further capital by offering the shares
concerned to existing members at
favourable terms.
iv).by placing:a method of issuing
securities through an intermediary
such as a firm of stock brokers.the
intermediary endeavours to place
the issue among institutional
investors
v).by introduction through the stock
exchange whereby new issue of
shares are made to the public by the
company
=================
3a)
To ensure the most effective
& beneficial use of water
and resources of river niger
To examine the plans of
member countries
To collect evaluate &
disseminate data on the
basin.
To recommend the
government of member
countries plans for the
judicious use of niger basin
To draw up general
regulation in relation to the
act of namey.
3b)
It supplies sources of
income for farmers
It produce good for human
satisfaction
It complete the process of
production through
branding , labelling &
packaging
it tears part of production
and distributions roles
It has access to bulk & large
quantity of raw material
with gain of. Average cost.
=================
4a)
Consumer protection is a group of
laws and organizations designed to
ensure the rights of consumers as
well as fair trade,competition and
accurate information in the
marketplace. The laws are designed
to prevent businesses that engage in
fraud or specified unfair practices
from gaining an advantage over
competitors.
4b)
-Providing speedy redress to
consumers complaints through
negotiation, mediation and
conciliation.
-Publishing from time to time list of
products whose consumption and
sale have been banned, withdrawn,
severally restricted or not approved
by the Federal Government
-Causing an offending company,
firm, trade association or individual
to protect, compensate, provide
relief and safeguards to injured
consumers or communities from
adverse effects of technologies that
are inherently harmful, injurious,
violent or highly hazardous
-Organising and undertaking
campaigns and other forms of
activities that will lead to increased
public consumer awareness;
-Encouraging trade, industry and
professional associations to develop
and enforce in their various fields,
quality standards designed to
safeguard the interest of consumers;
-Issuing guidelines to manufacturers,
importers, dealers and wholesalers
in relation to their obligation under
the CPC enabling law
-Encouraging the formation of
voluntary consumer groups or
associations for consumers’ well
being
-Ensuring that consumers’ interest
receive due consideration at
appropriate fora and providing
redress to obnoxious practices or the
unscrupulous exploitation of
consumers by companies, firms,
trade associations or individuals
-Registering and monitoring
products, services and sales
promotions in the market place.
=================
5a)
Discount; are reductions to a basic
price of goods or services.
They can occur anywhere in the
distribution channel, modifying
either the manufacturer’s list price
(determined by the manufacturer
and often printed on the package),
the retail price (set by the retailer
and often attached to the product
with a sticker), or the list price
(which is quoted to a potential
buyer, usually in written form).
5b)
i).Quantity discount – offered to
customers who purchase in large
quantities.
ii). Cumulative quantity discount – a
discount that increases as the
cumulative quantity increases.
Cumulative discounts may be offered
to resellers who purchase large
quantities over time but who do not
wish to place large individual
orders.
iii). Seasonal discount – based on the
time that the purchase is made and
designed to reduce seasonal
variation in sales. For example, the
travel industry offers much lower
off-season rates.
Such discounts do not have to be
based on time of the year; they also
can be based on day of the week or
time of the day, such as pricing
offered by long distance and
wireless service providers.
iv). Cash discount – extended to
customers who pay their bill before
a specified date.
=================
6)
i).problem of distance:international
trade involves two or more countries
that are far from one another
ii).problem of transport and
communication:problem arises when
transport and communication are
not efficient as what happens in
west Africa
iii).currency differences:before a
country buys anything from another
country she must change her
currency to the other country’s
currency because,every country has
its own currency.
iv).language problem:two countries
that speak and understand the same
language can trade more easily than
the other way round.
v).cultural problem:certain aspects
of people’s culture constitute a
stumbling block to international
trade
=================
7a)
-coins
-paper money
-bank money
-foreign money
-legal money
7b)
i).general acceptability:it must be
acceptable to the people of that
country community or a certain
territory
ii).absolute homogeneity:the article
used as money must be the same in
all parts of the country where it is
being accepted as a medium of
exchange.
iii).recognizability:it is the quality
makes people to detect which the
real and counterfeit money
iv).divisibility:it must be capable f
being divided into smaller units
which facilitate exchange of goods
and services
v).portability:money must be
something that can be easily carried
about from one place to another
=================
8)
-SUPPLY AND DEMAND
CONSIDERATION: this is the policy
that consider the rate and
relationship btw the demand and
supply of a particular comodity
before fixing a price
-PROMOTION: another policy of
pricing is an intention and target of
promoting sales of particular
comodity
-MARKET PENETRATION: another
pursing mission and policy of
pricing is to penetrate into marketer
especially new comodity at a
particular place
-PRICING WITH MARKET: this is also
done in consideration of the market
price of comodity
-TARGET RATE OF RETURN ON
INVESTMENT: company may have a
target of return therefore set up a
price to meet the target.
=================
9)
SKILLS AND TRAINING: this
acquired by an individual
determines his/her choice of
occupation
-NATURAL RESOURCES
ENDOWNMENT: the natural
resources that can found in
particular place determine the
choice of occupation to be popular
in that area
-CLIMATIC DIFFERENCE: change in
weather condition can also bring a
choice of an occupation to an
individual
-APTITUDES AND SPECIAL
INTEREST: creative interest of an
individual in a particular job can
determine its choice
-PROFITABILITY: having discorvered
that a particular occupation is
profitable and lucrative, if affect the
choice of individual of choosing d
kind of job.