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...