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Commerce 2023 JAMB Past Questions

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66

Good and services transferred from seller to buyer without immediate payment is referred to as

  • A. leasing
  • B. hire purchase
  • C. credit sale
  • D. mutual understanding
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67

A demonstration of social responsibility by a business is the payment of

  • A. interests on loans
  • B. taxes to government
  • C. dividends to shareholders
  • D. premium on insurance
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68

One of these is a current asset

  • A. machineries
  • B. fittings
  • C. stock
  • D. motor vehicles
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69

The stock exchange is a market where

  • A. short-term securities are sold
  • B. medium term securities are sold
  • C. all types of securities are sold
  • D. long term securities are sold
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70

Another name or term for a dishonoured cheque is

  • A. a bearer cheque
  • B. an open cheque
  • C. a bounced cheque
  • D. an order cheque
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