FREE CHOCKS!!! NECO 2015 COMMERCE (obj & Essay) ANSWERS

FREE CHOCKS!!! NECO 2015 COMMERCE (obj & Essay) ANSWERS
Runs Updates Desk:
Upnext 2015 SSCE Exam Schedule.
NECO Exam
Thursday, 25th June, 2015
COMMERCE (Obj & Essay)
10.00a.m - 12.40p.m

================================
Verified COMMERCE Obj
================================
Type C
1-10 BECABBADAE
11-20 DEDBBEEBCA
21-30 DDACBBEEAA
31-40 ACACAEDEED
41-50 EBDADBEDBB
51-60 EDCDDBEDBD

Note: Always indicate the Paper type that you Used. Don’t Panic, You will be Marked Right.

========================================
NECO COMMERCE 2015 ANSWERS ESSAY
========================================
1.
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
-------------------------------------------------
2.
-------------------------------------------------
3.
(3a)
(i)To ensure the most effective and beneficial need of the waters and resources of rivers Nigers.

(ii)To examine the plans of members countries.

(iii)To collect, evaluate and disseminate data on the basin

(iv)To recommend to the government of members countries plans for the judicious use of the Niger basin

(iv)To draw up general regulations in relation to the act of Niamey.

(3b)
(i)It supplies sources of income for farmers

(ii)It produces or manufactures goods for human satisfaction

(iii)It completes the process of production through branding, labeling and packaging

(iv)It bears part of production and distribution risks

(v)It has access to bulk and large quantity of raw materials with gain of average cost.

-------------------------------------------------
4.
(4a) Consumer protection can be defined as an act of ensuring that consumers derive maximum satisfaction from the commodities they buy and to reduce their exploitation by manufacturers and middleman.

(4b)
(i)To ensure that consumers obtain what they want

(ii)To protect them from consuming harmful goods

(iii)To prevent arbitrary increasing prices

(iv)To check against misleading advertisement and false claims

(v)To reduce the exploitation of the consumers

(vi)To enable the customers enjoy what they have paid for

(vii)To maximize the satisfaction derived from the goods and services demanded for

(viii)To protect consumers from buying defective goods and goods that do not confirm with description and samples advertised

-------------------------------------------------
5.
(5a)
Discount can be defined as term of sale where there is granting of allowances by the seller to the buyer out of the total selling price

(5b)
(i)TRADE DISCOUNT: This is a type of discount that is allowed to encourage bulk purchase.

(ii)CASH DISCOUNT: This discount is given out to encourage prompt payment.

(iii)QUANTITY DISCOUNT: Is allowed to encourage large quantity purchase in a single delivery.

(iv)SEASONAL DISCOUNT: This is the allowance granted in order to ensure boost sales during certain period e.g. festivals

(5c)
(i)To encourage more sales in order to maximize profits

(ii)To create conveniency for buyers during purchases

(iii)To mark a particular period of season

(iv)To encourage cash sales and discourage credit sales
-------------------------------------------------
6.
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

-------------------------------------------------
7.
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.
(8)
(i)SUPPLY AND DEMAND CONCENTRATION: This is the policy that consider the rate and relationship between the demand and supply for particular commodity before fixing a price

(ii)PROMOTION: Another policy of pricing is an intension and target of promoting the sale of a particular commodity

(iii)MARKET PENETRATION: Another pursuing mission and policy of pricing is to penetrate into market especially new commodity at a particular place

(iv)PRICING WITH THE MARKET: Pricing policy may also be done in compliance or consideration of the market price of a commodity

(v)TARGET RATE OF RETURN ON IVESTMENT: a company may have a target of return, therefore set or design up a price to meet the target.



-------------------------------------------------
9.
9i.) climatic and weather differences: climatic and weather condition determine to a large extent the nature of occupation that will be practised in such an area.while lumbering in practised in thick swampy forest areas,fishing is being practised in the riverine area

ii.) education,skill and training:normally,people engage in occupation in which they have education,skill and training.this is why a trained doctor engages in rendering medical services while unskilled workers are engaged in extractive occupations like farming,mining,quarrying e.t,c.

iii.) natural resources: the presence of mineral resources in a particular place will attract the attention of miners while the existence of pool of water or seaport which are part of natural resources will dictate the type of occupation that is predominant in such area.

iv.) salary & wages: the remuneration and conditions of service attached to a particular occupation determines the number that will be interested in such an occupation.for example,many people are running away from teaching as an occupation because of the poor condition of service attached to it

v.) government policies: the policy of government as regards the age of employment determines the occupation the choice of occupation into which individual fits in

-------------------------------------------------
10.


-------------------------------------------------




ANSWERS NOW LOADING!
ALL ANSWERS
TYPING IN PROGRESS…

SOURCE : Yscholars.com







Comments

  1. http://rotimib.blogspot.com/2015/06/free-chocks-neco-2015-commerce-obj.html

    ReplyDelete
    Replies
    1. http://rotimib.blogspot.com/2015/06/free-chocks-neco-2015-commerce-obj.html

      Delete
    2. http://rotimib.blogspot.com/2015/06/free-chocks-neco-2015-commerce-obj.html

      Delete
    3. http://rotimib.blogspot.com/2015/06/free-chocks-neco-2015-commerce-obj.html

      Delete

Post a Comment

RotimiB.blogspot.com

Popular posts from this blog

How To Check Original National ID Card in Nigeria by NIMC (National Identity Management Commission)

Jackie Chan is not dead Read this?

Music: Falz – Stories That Touch (Full Album)