Neco commerce Free answers and Expo 2016
COMMERCE OBJ
1-10 ACACBBBDEA
11-20 DADADDEDCD
21-30 BBBBBCBEED
31-40 AEBEABADED
41-50 DACAEBDBDE
51-60 CEEECCCDCC
Verifed Obj Answers
COMMERCE OBJ
1-10 ACACBBBDEA
11-20 DADADDEDCD
21-30 BBBBBCBEED
31-40 AEBEABADED
41-50 DACAEBDBDE
51-60 CEEECCCDCC
Both answers are 100% sure correct!!!
(1a)
Span of control refers to the number of
subordinates a manager can effectively control.
(1b)
(i) Nature of work
(ii) Size of the organization
(iii) The personality of the manager
(iv) Level of Technological development
EXPLANATIONS:
(i) Nature of work: The nature of work will
determine the span of control. Complex jobs
require more supervision, but routine jobs
requires less supervision but large number of
subordinates.
(ii) Size of the organization: The larger the
organisation, the larger the number of the
subordinates to be supervised.
(iii) The personality of the manager: The style of
leadership of the manager as well as the freedom
to make decision will determine the span of
control
(iv) Level of Technological development: The
technological level will determine the number of
the subordinates to get the job done in an efficient
manner.
(2a)
(i) Both international trade and internal trade
improve the standard of living
(ii) They both create employment opportunity
(iii) They both use insurance provision
(iv) They both use warehouses
(v) They both use currency
(vi) Middlemen exists in both trade
(vii) They both use advertising and sales promotion
(2b)
TABULATE:
International trade:
-Governm ent policy restricted
-Trade barrier exist
-Foreign exchange is used as the terms of payment
-Different climate exist
-There is big problem of language
-It involves high risk
-There is is difficulty in the balance of payment/
trade
Internal trade:
-It is free from government policy
-No trade barrier exist
-Local currency in terms of payment
-They have the same cli mate
-There is a little problem of language differences
-There is low risk
-There is no problem of balance of payment/trade
(3a)
-Trading
-Insurance
-Banking
-Advertisement
-Transportation
-Warehousing
-Tourism
(3b)
(i) Provision of employment opportunities: It offers
jobs to a large number of unemployed like
traders,bankers,insurance brokers,tourist etc
(ii) Exchange of goods and services: It brings about
the exchange of goods and services
(iii) Linkage of buyers and sellers: It helps to bring
together the sellers and buyers through
communication without physical contact
(iv) Raising capital: It helps in the country to raise
capital for capital projects and other financial
institutions
(v) Unity among Nigerians: It fosters unity among
the Nigerians and other Nations as they engage in
trading activities
(vi) Creation of wealth for Nigerians: Commerce
helps to create wealth for Nigerians and other
Nations as duties are charged on goods and
services either exported or imported
(4a)
Credit as the transfer of goods and services from a
seller to a buyer without any value being given
immediately in return
(4b)
(i) It is a solution to necessity: Credit gives
solution
to necessity where there is no cash to solve such
necessary needs
(ii) Higher standard of living: A credit customer can
enjoy a higher standard of living because imported
items can be purchased on credit
(iii) Better services: A credit customer stands
chance of being served better because if any item
bought on credit turn to be unsatisfactory there is
ease of placement
(iv) Convenience: Credit makes it convenient for the
buyer to have immediate possession of goods and
services he needs even through he does not pay
once
(v) Credit worthiness: A credit customer who
settled his bills as and when due builds a good
reputation of credit worthiness for himself
7a
(i)they have the right to choose between alternatives
(ii)consumers have the right to good things of life
(iii)they have the right to safety
(iv)the consumers also have the right to be heard
(v)they have right to be informed
(7b)
(i)formation of consumer associations to test whether items are of good quality or not and to make recommedations
(ii)price control measures should be put in place to curb any arbitrary price increases.
(iii)Formation of standard board or quality of every item before allowing its introduction to the market
(iv)there should be an efficient hire purchase act to prevent repossession after 2/3 payment of the purchasing price.
(v)Advertising organisation/board should be setup to censor all adverts before shown on the screens.
(8a)
-pricing
-transportation
-storage
-exchange
-financing
(i)pricing:marketing,assisting in fixing price at a level reasonable enogh to give profit to the company.
(ii)transportation:this covers involvement of goods from where they are produced to the point where they are required.
(iii)storage:this make it possible for goods to be produced ahead of demand so that they can be available when needed
(iv)exchange:this cover the purchase of raw materials and goods from so may sources and transfer of ownership of such .
(v)financing:this cover the provision of funds throughtout the period of production to the point of selling through loans and credit facilities
1-10 ACACBBBDEA
11-20 DADADDEDCD
21-30 BBBBBCBEED
31-40 AEBEABADED
41-50 DACAEBDBDE
51-60 CEEECCCDCC
Verifed Obj Answers
COMMERCE OBJ
1-10 ACACBBBDEA
11-20 DADADDEDCD
21-30 BBBBBCBEED
31-40 AEBEABADED
41-50 DACAEBDBDE
51-60 CEEECCCDCC
Both answers are 100% sure correct!!!
(1a)
Span of control refers to the number of
subordinates a manager can effectively control.
(1b)
(i) Nature of work
(ii) Size of the organization
(iii) The personality of the manager
(iv) Level of Technological development
EXPLANATIONS:
(i) Nature of work: The nature of work will
determine the span of control. Complex jobs
require more supervision, but routine jobs
requires less supervision but large number of
subordinates.
(ii) Size of the organization: The larger the
organisation, the larger the number of the
subordinates to be supervised.
(iii) The personality of the manager: The style of
leadership of the manager as well as the freedom
to make decision will determine the span of
control
(iv) Level of Technological development: The
technological level will determine the number of
the subordinates to get the job done in an efficient
manner.
(2a)
(i) Both international trade and internal trade
improve the standard of living
(ii) They both create employment opportunity
(iii) They both use insurance provision
(iv) They both use warehouses
(v) They both use currency
(vi) Middlemen exists in both trade
(vii) They both use advertising and sales promotion
(2b)
TABULATE:
International trade:
-Governm ent policy restricted
-Trade barrier exist
-Foreign exchange is used as the terms of payment
-Different climate exist
-There is big problem of language
-It involves high risk
-There is is difficulty in the balance of payment/
trade
Internal trade:
-It is free from government policy
-No trade barrier exist
-Local currency in terms of payment
-They have the same cli mate
-There is a little problem of language differences
-There is low risk
-There is no problem of balance of payment/trade
(3a)
-Trading
-Insurance
-Banking
-Advertisement
-Transportation
-Warehousing
-Tourism
(3b)
(i) Provision of employment opportunities: It offers
jobs to a large number of unemployed like
traders,bankers,insurance brokers,tourist etc
(ii) Exchange of goods and services: It brings about
the exchange of goods and services
(iii) Linkage of buyers and sellers: It helps to bring
together the sellers and buyers through
communication without physical contact
(iv) Raising capital: It helps in the country to raise
capital for capital projects and other financial
institutions
(v) Unity among Nigerians: It fosters unity among
the Nigerians and other Nations as they engage in
trading activities
(vi) Creation of wealth for Nigerians: Commerce
helps to create wealth for Nigerians and other
Nations as duties are charged on goods and
services either exported or imported
(4a)
Credit as the transfer of goods and services from a
seller to a buyer without any value being given
immediately in return
(4b)
(i) It is a solution to necessity: Credit gives
solution
to necessity where there is no cash to solve such
necessary needs
(ii) Higher standard of living: A credit customer can
enjoy a higher standard of living because imported
items can be purchased on credit
(iii) Better services: A credit customer stands
chance of being served better because if any item
bought on credit turn to be unsatisfactory there is
ease of placement
(iv) Convenience: Credit makes it convenient for the
buyer to have immediate possession of goods and
services he needs even through he does not pay
once
(v) Credit worthiness: A credit customer who
settled his bills as and when due builds a good
reputation of credit worthiness for himself
7a
(i)they have the right to choose between alternatives
(ii)consumers have the right to good things of life
(iii)they have the right to safety
(iv)the consumers also have the right to be heard
(v)they have right to be informed
(7b)
(i)formation of consumer associations to test whether items are of good quality or not and to make recommedations
(ii)price control measures should be put in place to curb any arbitrary price increases.
(iii)Formation of standard board or quality of every item before allowing its introduction to the market
(iv)there should be an efficient hire purchase act to prevent repossession after 2/3 payment of the purchasing price.
(v)Advertising organisation/board should be setup to censor all adverts before shown on the screens.
(8a)
-pricing
-transportation
-storage
-exchange
-financing
(i)pricing:marketing,assisting in fixing price at a level reasonable enogh to give profit to the company.
(ii)transportation:this covers involvement of goods from where they are produced to the point where they are required.
(iii)storage:this make it possible for goods to be produced ahead of demand so that they can be available when needed
(iv)exchange:this cover the purchase of raw materials and goods from so may sources and transfer of ownership of such .
(v)financing:this cover the provision of funds throughtout the period of production to the point of selling through loans and credit facilities
No comments