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NECO GCE Commerce 2022 Verified Essay and Objective Answers


Get Free Live 2022 Neco Gce Commerce Questions and Answers for Private Candidates Free of Charge | Neco gce free Commerce Questions and Answers (Essay & OBJ) EXPO Room

Neco gce Commerce Theory and Objective Answers (100%legit) Commerce Essay verified Free  (Expo) for National Examination Council. Neco gce Commerce Questions For you to have good Neco result in Commerce as well as repeated questions for free in this post.

Neco GCE 2022 FREE Commerce QUESTION AND ANSWER ROOM 

Neco Gce Commerce OBJ

COMMERCE OBJ
01-10: AABBDAEEBC
11-20: CCDDEDADBE
21-30: DACDAADABD
31-40: AACAEBCACC
41-50: EDDAADAAEE
51-60: DDEBCBEEED

*COMPLETED*

*NECO GCE COMMERCE*

(1)
[PICK ANY FIVE]
(i) Warehousing
(ii) Advertising
(iii) Banking
(iv) Transport
(v) Insurance
(vi) Communication

*EXPLANATION*
(i) Warehousing:
Warehousing ensures the storage of goods till they are wanted. The storage of manufactured goods enables the manufacturers to meet the demands of their customers and to stabilise the prices of goods.

(ii) Advertising:
Advertising stimulates the demand for goods and services by informing the public about the uses of such goods and where to obtain them. The volume of sales is increased.

(iii) Banking:
Banks aid trade by making funds available to traders and other business establishments in the form of loans. Overdrafts payments for goods are also made through banks.

(iv) Transport:
Transport provides the means of carrying both raw material and finished goods to where they are needed.

(v) Insurance:
Insurance enables compensation to be paid to the trader. Traders are likely to suffer risks in the course of their trading. These risks can result through loss of the goods in transit. Loss of goods can also result from fire, flood, etc.

(vi) Communication:
Communication is the transmission of information from one place to another. The customers and suppliers can get in touch through telephone, telex and postal.

*NECO GCE COMMERCE*

(9)
[PICK ANY FOUR]
(i) By agreement
(ii) By performance
(iii) By breach
(iv) By frustration
(v) By lapse of time
(vi) Bankruptcy

*EXPLANATION*
(i) By agreement:
Before any of the two parties perform their part of the contract, they may both agree to terminate it.

(ii) By performance:
When each party has performed their part of the contract, it is automatically terminated.

(iii) By breach:
A contract is terminated if one party fails to perform its part of the contract.

(iv) By frustration:
When the performance of a contract by one party is rendered impossible due to factors beyond its control or no contemplated by the two parties e.g. death, ill-health and government legislation

(iv) By lapse of time:
A contract is terminated after the period stipulated for it has ended.

(vi) Bankruptcy:
A contract can be terminated when either of the parties is declared bankrupt.

 

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