Tuesday 18th June
1033/1032 Paper III & II: Objective & Essay Civic Education (visit examplaza .com for the answers before exam) 3hrs 10:00am 1:00pm
This is actually the Neco 2019.Commerce answers Answers as questions sent to our subscribers on WHATSAPP, if you are looking for 2020 WAEC/NECO Answers midnight before the exam, try contacting us.
NECO COMMERCE ANSWERS
(You are required to answer ANY FIVE)
Multilateral trade is the type of international trade in which a country trades with many other countries. This ensures international division of labour. It is also type of trade inwhich many countries exchange goods and services eg Nigeria trade with USA,Britain and Russia
[PICK ANY SIX]
(i) In International trade,Goods are moved beyond geographical boundaries
In Internal trade,Goods are moved within the same country
(ii)International trade involves the use of foreign currency or foreign exchange.
Internal trade is settled in the local or national currency.
(iii)In international trade,There is language barrier.
While internal trade,There is no language barrier.
(iv)In international trade,More complex documentation is required.
In internal trade,Less documentation is required.
(v)In international trade,Different weight and measures are in use.
In internal trade,The same weight and measures are in use.
(vi)In international trade,Different social standards,rules and regulations are in use
In internal trade ,The same social standard,rules and regulations are in use.
(vi)In international trade ,Transport cost is higher.
in Internal trade ,Transport cost is lower
(viii) international trade involves government control and use of trade restrictions in order to protect the economy
Internal trade is not face with such Artificial trade restrictions and goods move freely within a country
[Pick ANY FOUR]
(ii)United state of America(USA)
Direct production is the type of production in which an individual produces goods and services only for family use or consumption
Indirect production is the type of production in which goods and services are produced in large scale,mainly for sale or exchange for other needs.
(i)Availability of goods and services
(ii)Improvement in standard of living
(iii)increase in wealth of people
(iv)increase in export potential
(v)Acquisition of skills
(i)Availability of goods and services: Production helps to ensure that goods and services are made available for use by human beings
(ii)Improvement in standard of living: Production helps to ensure adequate improvement in the standard of living of the people
(iii)Increase in wealth of people: Production assists people to accumulate wealth as a result of continuous employment
(iv)Increase in export potential: Production also assists a state or nation to boost their export of goods and services to other nation
(v)Acquisition of skills: The engagement of people in production make them acquire special skills.
[PICK ANY FIVE]
(i)Collection of Revenue
(ii)Supervision of Warehouse
(iii)Compilation of statistical Records
(iv)Prevention of smuggling
(v)Supervision of foreign Trade
(vi)Enforcement of Ban
(vii)Provision of Quarantine Facilities
(vii)Completion of Documents
(i)Collection of Revenue: It assesses and collects Revenue from tariffs and excise duties
(ii)Supervision of Warehouse: The customs department supervises bonded warehouse
(iii)Compilation of statistical Records: The department compiles statistics on export andu import trade which are supplied to the government
(iv)Prevention of smuggling: The custom authority prevents smuggling and sizes contraband goods
(v)Supervision of Foreign Trade: The customs Department supervises foreign trade by ensuring that only licensed goods are imported or exported
(vi)Enforcement of Ban:-The customs department ensures that ban on prohibited goods are enforced
(vii)Provision of Quarantine Facilities: Customs department provides appropriate quarantine facilities for the importation of livestock
(viii)Completion of Documents: The customs department ensured that customs declaration forms and others documents are completed
Money may be defined as anything that is generally acceptable as a medium of exchange for making payments,settlement of debts or other business obligations
[PICK ANY SIX]
(i)Money is generally acceptable while other commodities are not
(ii)Money is portable while other commodities may not be portable
(iii)Money is relatively scarce while other commodities are not
(iv)Money is homogeneous while other commodities are not
(v)Money is durable while other commodities are not
(vi)Money is stable while other commodities used in trade by barter are not
(vii)Money is divisible into small units while other commodities are not
(viii)Money is easily recognisable by people while other commodities are not
(ix) Money has no intrinsic value while other commodities have intrinsic values
[PICK ANY FOUR]
(i)Acceptance of deposits
(ii)Safe keeping of Valuables
(iii)Lending of money to customers
(iv)Act as Agent of payment
(v) They solve problem of foreign exchange
(vi)They Render credit transfer services
(vii)They issue Traveller's cheques
(viii)They act as Referees
(ix)They give financial advice to their customers
(v)Grading and standardizing
(vi)Marketing information research
(i)Risk bearing:-This involves anticipating business risks and taking appropriate measures to reduce their impact by taking the necessary cover
(ii)Financing: This covers the provision of funds throughout the period of production to the point of selling through loans and credit facilities
(iii)Storage/Warehousing: This makes it possible for goods to be produced ahead of demand so that they can be available when needed
(iii)Buying/selling/Exchange: This covers purchase of raw materials and goods from so many sources and transfer of ownership of such goods to the consumer at the right quality
(iv)Grading and standardizing: It involves ensuring that the goods conformed to the required standard and quality with respect to shape,colour,taste etc
(vi)Marketing information Research: This involves collection of information from many sources and dissemination of producers and distributors
(vii)Transportation: This covers movement of goods from where they are produced to the point where they are required
(viii)Pricing: Marketing,assisting in fixing price at a level reasonable enough to give profit to the company.
Amalgamation: Amalgamation is the combination or coming together of two or more previously independent firms to form one large firm.It is the unification of two or more organizations to form a new one. Once Firm amalgamate,they lose their former independent identities and control to the new firm
Backward integration: Backward integration refers to the process in which a company purchases or internally produces segments of its supply chain. In other words, it is the acquisition of controlled subsidiaries aimed at the creation or production of certain inputs that could be utilized in the production.
Consortium: Consortium is an association of two or more individuals, companies,organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.A very good example is the consortium of banks that gave loan to African Independent Television (AIT)
Parent company: Parent company is a company that owns enough voting stock in another firm to control management and operation by influencing or electing its board of directors. It also refers to as a holding company which has control over a number of firms known as subsidiaries. it is also a company which controls several subsidiary companies
Trust: This is an amalgamation of different competing firms in different lines of businesses under a single control. In Trust,the firm will retain their identity but the trustee will take over the management and control. It is vertically integrated in nature and the amalgamated firms are brought under a central control. Certificate will be issued to all members
Commercialisation is a policy geared towards making state-owned enterprises to become more efficient and profit oriented. This policy makes it possible for public enterprises to become more viable and effective.
(i) Efficient management
(ii) To generate more Revenue
(iii) Reduction in public expenditure and participation of private individual
(iv) Autonomy of enterprises and Removal of unproductive enterprises
(i) Efficient management: Commercialization help government to develop a good and efficient management of public and private enterprises
(ii) To generate more Revenue: Commercialisation assist the government to generate more Revenue
(iii) Reduction in public expenditure and participation of private individual: Commercialisation help in reducing public expenditure on enterprise and also assist individuals to participate in economic activities through ownership of enterprises
(iv) Autonomy of enterprises and Removal of unproductive enterprises: Commercialisation helps to provide autonomy for the government/private enterprises and also assist to remove or divest unproductive enterprises in the economy
The fact is your O'level result; be it WAEC , NECO or NABTEB is valid for a life time and has no expiration date. The Examination conducted by these examination bodies is known as ?achievement test? and therefore the certificates awarded are valid forever.
List of the compulsory subjects for Science students in WAEC: General Mathematics. English Language. At least one of Physics, Chemistry and Biology.
WAEC Scratch cards can also be purchased at the National Office of WAEC and at any of its zonal and branch offices across Nigeria. It may also be bought from any of the branch offices of Fountain Trust Bank Plc across Nigeria.
WASSCE Nov/Dec, also known as General Certificate Examination (GCE) or WAEC GCE, is a private examination and uniforms are not required but biometric registration is compulsory as in the former.
Throughout the University, grade A means excellent, grade B means very good, and so on. ... For example, grade B is divided into three bands: B1 means a high B, B2 means a medium B, and B3 means a low B.
It means that you have scored 39% or less on your exam. It is a failure grade. E8 (40-44%) and D7 (45-49%) are passing grades. C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades.
Nigerian students wishing to study abroad with WAEC, NECO or GCE can apply for admission at Brandon University. As a Nigerian or Internationa student seeking admission to study abroad at Brandon University with WAEC can use the link below to apply.
Six years of elementary school is followed by six years of secondary school. Junior Secondary school consists of JSS1, JSS2 and JSS3 which are equivalent to the 7th, 8th and 9th Grade while the Senior Secondary school consists of SS I, SS 2, and SS 3 which is equivalent to the 10th, 11th and 12th Grade.
You can use WAEC GCE, NECO GCE, NABTEB GCE to gain admission into UNILAG. And any possible combination is acceptable by the university.
a pass (D7 and E8) in Mathematics is accepted. The Oke-Ogun Polytechnic requires credit passes in English Language, Economics, Government and a pass (D7 and E8) in Mathematics.
The following are the approved fees for the examination and other related items: Registration fees ? 4,000.00 Naira (Mandatory fee) Late Registration ? 1,000.00 Naira per candidate ? (Mandatory fee) Re-Sit Exam ? 1,000.00 Naira per copy.
It means that you have scored 39% or less on your exam. It is a failure grade. E8 (40-44%) and D7 (45-49%) are passing grades. C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades. B3 (65-69%) is a Good grade.
Studying is a great way to start a new career. Perhaps you think you're 'too old' to start university, but it's never too late to study. An increasing number of students aged over 25 are opting for university courses because they're unsatisfied with their job or want a new career path.
21 isn't too old to start anything. Seriously though, who is going to be able to tell you are two years older. It's a none issue. It's probably a better time to start uni than an 18 year old in my opinion.
C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades. B3 (65-69%) is a Good grade. B2 (70-74%) is a Very Good grade. A1 (75-100%) is an Excellent grade.
Senior Secondary School Certificate Examination (SSSCE) issued by the West African Examination Council (WAEC). A minimum grade of B3 required. Finally, there are other universities in Canada the accepts WAEC/WASSCE/SSCE/NECO results.
Age is not a barrier when it comes to learning. About 40% of mature students studying at university are over the age of 30, some in their 50s and 60s. ... Ucas says that universities are happy to accept older students as most arrive with high levels of enthusiasm, commitment and additional life experience.
The best study spot is one that is quiet, well-lit, and in a low-traffic area. Make sure there is a clear workspace to study and write on. For every 30 minutes, you study, take a short 10-15 minute break to recharge. Make studying less overwhelming by condensing notes from class.
?WAEC*ExamNo*PIN*ExamYear to 32327?.
Private candidates can collect their certificates from WAEC directly at any of the WAEC offices nationwide. Applicants are required to present an application letter, a sworn affidavit from the High Court, the online result print- out, one passport-size photograph, photo card and identity card.
A1: 1 x 4 = 4 B2: 3 x 3.6 = 10.8 C4: 1 x 2.8 = 2.8 Total points: 4 + 10.8 + 2.8 = 17.6 Now, we divide the UTME by 8 i.e 280 ? 8 = 35 So, the aggregate score will be 17.6 + 35 + Post-UTME score.
Currently, public universities don't accept D7 for core subjects in admission purposes.
Candidates are required to enter and sit for a minimum of eight (8) and a maximum of nine (9) subjects. (iv) At least one of Physics, Chemistry and Biology. (v) At least one of Literature-in-English, History and Geography.