The National Examination Council (NECO GCE) has officially scheduled the NECO GCE Commerce 2024 Questions and Answers paper to take place on 10th December 2024. This important exam will assess candidates understanding of Commerce concepts and techniques.
As the exam date approaches, many candidates are actively searching for information such as:
- NECO GCE Commerce Expo 2024
- Commerce NECO GCE 2024
- NECO GCE Commerce Questions 2024
- NECO GCE Commerce Answer 2024
If you are one of those candidates, this post will guide you on how to prepare effectively, get reliable resources, and succeed in the NECO GCE Commerce 2024 Exam.
Table of Contents
Get NECO GCE Commerce 2024 Questions and Answers
Here on Zamgist, we’ve provided solutions to help you ace the NECO GCE Commerce 2024. With our reliable answers, you can prepare confidently and secure high grades.
COMMERCE OBJ
01-10: CAEBABDADB
11-20: AEACDAEEAA
21-30: BDCEEDBBBB
31-40: BECBECBBEE
41-50: BADABCAEBC
51-60: CCBCADDDBE
COMPLETED
*NECO GCE COMMERCE*
*NUMBER ONE*
(1)
(PICK ANY FIVE)
(i) Limited Liability: In a private limited liability company, the shareholders’ liability is limited to the amount they have invested in the company. This means that their personal assets are protected in case the company faces financial difficulties or bankruptcy.
(ii) Separate Legal Entity: A private limited liability company is considered a separate legal entity from its owners. It can own property, enter into contracts, and be sued or sue in its own name, independent of the shareholders.
(iii) Private Ownership: The ownership of a private limited company is restricted to a specific number of shareholders, often between 1 and 50 (depending on local regulations). Shares are not available to the general public on the stock exchange, and ownership is typically held within a small group of individuals or entities.
(iv) Transfer of Shares:
The transfer of shares in a private limited company is generally restricted by the company’s articles of association. This ensures that shares are only transferred to approved persons or entities, maintaining control over ownership.
(v) Perpetual Succession: A private limited liability company enjoys perpetual succession, meaning that its existence is not affected by the death, insolvency, or resignation of its members. The company continues to operate as long as it is not dissolved by the relevant authorities.
(vi) Management Structure: The management of a private limited company is usually carried out by directors appointed by the shareholders. The directors are responsible for the day-to-day operations, while the shareholders elect the board of directors during the annual general meeting.
(vii) Regulation and Disclosure:
A private limited company must comply with regulatory requirements such as filing annual financial statements and maintaining records. However, these requirements are generally less stringent than those for public companies.
(viii) Limited Ability to Raise Capital:
Unlike public companies, private limited companies are restricted in their ability to raise capital through public share offerings. They may raise funds through private placements or loans, but they cannot issue shares to the public on the stock market.
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Exam Preparation Tips
To excel in this exam, follow these steps:
1. Understand the Specimen Requirements: Familiarize yourself with the provided specimen and practice using tools like Microsoft Excel, Access, or other data processing software.
2. Practice Past Questions: Reviewing past questions can help you understand the format and expected answers.
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Additional Resources for NECO GCE 2024
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Conclusion
The NECO GCE Commerce Practical 2024 is an excellent opportunity to demonstrate your skills and secure top grades. With Zamgist’s reliable resources, you can approach the exam confidently.
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