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Commerce Past Questions

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3136

Discharging certian duties by an organization to the public to gain high patronage is a concern of ?

  • A. financial responsibility
  • B. economic responsibility
  • C. legal responsibility
  • D. social responsibility
View Answer & Discuss JAMB 2016
3137

Complying with the rules relating to the conduct of business activities in a country is an aspect of

  • A. cultural enviroment
  • B. demographic environment
  • C. legal environment
  • D. political environment
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3138

Which of the following is a legal tender?

  • A. Cheque
  • B. Travellers cheque
  • C. Bank note
  • D. Goldsmith receipt
View Answer & Discuss JAMB 2016
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3139

Which of the following is NOT backed by gold but by government securites?

  • A. Fiduciary note
  • B. Token money
  • C. Commodity money
  • D. Fiat money
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3140

Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as

  • A. charge account
  • B. trading checks
  • C. trade credit
  • D. I owe you
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