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In this post are researched regularly repeated NECO 2018 Commerce Essay & Obj Answer . Get them in your finger tips and you are sure of a high grade in this exams. NECO 2018 June/July Commrce Essay Questions & Answers/ Verified Commerce Questions & Answer June/July 2018.
WHAT NECO STANDS FOR
Table of Contents
The National Examinations Council – NECO is a Nigerian Government owned examination body that conducts the Senior Secondary Certificate Examination and the General Certificate in Education in June/July and December/January respectively. These are entry qualification examinations for higher education institutions in Nigeria.
NECO was created in April 1999 with a mandated to take over the responsibilities of the National Board of Education Measurement (NBEM).
NECO therefore conducts Senior Secondary Certificate Examination (internal and external), Junior Secondary Certificate Examination (JSCE) for Federal Unity College and other Federal secondary schools and Private secondary schools, and National Common Entrance Examination for primary 6 pupils interested in admission into Federal Unity Colleges.
The Senior Secondary Certificate Examinations (internal and external) are entry qualification examinations for higher education institutions in Nigeria.
NECO 2018 June/July Commrce Essay Questions & Answers/ Verified Commerce Questions & Answer June/July 2018
NECO RESULTS & HIGHER SCHOOL ADMISSION:
As you know, no University, Polytechnic, or college of education in Nigeria would admit you into any of their courses without a good grade in any of these examinations. That is why over three million candidates register and take these subject exams annually.
Consequently, inNECO 2018 June/July Commrce Essay Questions & Answers/ Verified Commerce Questions & Answer June/July 2018, our goal is to help you achieve this your life dream. Listed here are Commerce Essay and Objective questions and answers relevant to 2018 June/July Commerce Study Subject examination.
RESEARCHED AND VERIFIED NECO REGULARLY REPEATED QUESTIONS & ANSWERS
1-Span of control :can simply be defined as the area of activity and number of functions,
people, or things for which an individual or organization is responsible.
1b)
Organizational size.
Workforce skill level.
Organizational culture.
Manager’s responsibilities.
Some key factors to review when determining the appropriate span of control within an organization include the following:
Organizational size.:
Large organizations tend have a narrow span of control, whereas smaller organizations often have a wider span of control. This difference is usually due to the costs involved with more managers and the financial resources available to an organization. Communication may be slower with narrow spans if it must pass through several of management.
Workforce skill level.:
The complexity or simplicity of the tasks performed by the employees will affect the number of desirable direct reports. Generally, routine tasks involving repetition will require less supervisory control of a manager, allowing a wider span of control, whereas complex tasks or dynamic workplace conditions may be best suited for a narrower span of control, where managers can provide more individualized attention.
Organizational culture.: Organizations need to determine the desired culture when designing their span of control. Flexible workplaces usually have a wider span of control because employees are given more autonomy and flexibility in the production of their work.
Manager’s responsibilities.: Review whether the organizational expectations allow the managers to be effective with the number of direct reports they have, especially related to individual responsibilities, departmental planning and training. For instance, executives often have fewer direct reports than other managers in the organization.
3a)
– Trading
– Insurance
– Banking
– Advertistment
– Transportation
– Warehousing
– Tourism
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| LET THIS BE YOUR GOAL |
NECO 2018 June/July Commrce Essay Questions & Answers/ Verified Commerce Questions & Answer June/July 2018
3b)
– Provision of employment opportunities : It offers jobs to a large number of unemployed like traders , bankers, insurance brokers, tourist etc
– Exchange of goods and services : It brings about the exchange of goods and services
– Linkage of buyers and sellers : It helps to bring together the sellers and buyers through
communication without physical contact
– Raising capital : It helps in the country to raise capital for capital projects and other financial
institutions
– Unity among Nigerians: It fosters unity among the Nigerians and other Nations as they engage
in trading activities
– 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
i)both international trade and internal trade improve the standard of living
ii)they both create employment opportunity
iii)they both use insurance provison
iv)they both uses warehouses
v)they both uses currency
2b)
TABULATE
INTERNATIONAL TRADE
i)government policy is restricted
ii)trade bamer exised
iii)foreign exchange is used as the term of payment
iv)there is big problem of language difference
v)there is difficultyin the balance of payment trade
TABLULATE
INTERNAL TRADE
i)it is free from government policy
ii)no trade bamer exist
iii)local currency is the term of payment
iv)there is a little problem of language difference
v)there is no problem of balance of payment trade
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.
(8)
-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
NECO 2018 June/July Commrce Essay Questions & Answers/ Verified Commerce Questions & Answer June/July 2018
EXAM SUCCESS TIPS:
In conclusion, I wish to recommend the following study strategies for you. They are exam success tips, which are better than looking for expo here and there. They are strategies that can help you ensure exam success as well as mastery of the subject.
Start by, setting your goals and manage your time well and ensure you attend your teaching/leason classes regularly. Again, Identify your learning style by developing your study plan which will enable you keep up with reading, thereby, surrounding yourself with learning at all time. Develop effective note-taking techniques. Finally, Create mind maps and get ready for the exams.
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Good luck.
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Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
