by Sunday | Dec 11 | Commerce JAMB
A. hire purchase B. club trading C. booking -me -down D. credit trading Correct Answer: Option A – hire purchase Explanation Hire-purchase: A system by which a buyer pays for a thing in regular installments while enjoying the use of...
by Sunday | Dec 11 | Commerce JAMB
A. an information bank B. a network C. a database D. an intranet site Correct Answer: Option B – a network Explanation A network, in computing, is a group of two or more devices that can communicate.
by Sunday | Dec 11 | Commerce JAMB
A. public sector B. skilled labour C. private sector D. unskilled labour Correct Answer: Option B – skilled labour Explanation Skilled labor refers to labor that requires workers who have specialized training or a learned skill-set to perform the work. These...
by Sunday | Dec 11 | Commerce JAMB
A. defer payment B. make prompt purchases C. make advance payment D. purchase more Correct Answer: Option D – purchase more Explanation A quantity discount is often offered by sellers to entice buyers to purchase in larger...
by Sunday | Dec 11 | Commerce JAMB
A. charge account B. trading checks C. trade credit D. I owe you Correct Answer: Option C – trade credit Explanation Trade credit is the credit extended to you by suppliers who let you buy now and pay later. Any time you take delivery of materials, equipment or...
by Sunday | Dec 11 | Commerce JAMB
A. cultural environment B. demographic environment C. legal environment D. political environment Correct Answer: Option C – legal environment Explanation Legal environment Refers to the terms/conditions of the place where you are conducting business. it outlines...