JAMB Commerce Past Questions & Answers - Page 29

141.

Petrol voucher is an example of a

A.

bankdraft

B.

legal tender

C.

token money

D.

partial money

E.

Partial payment refers to the offering of a payment by check for less than the full amount claimed by the creditor.

Correct answer is D

No explanation has been provided for this answer.

142.

The form of credit sales common to low income groups is

A.

hire purchase

B.

club trading

C.

booking -me -down

D.

credit trading

Correct answer is C

Book-me-down is a type of credit purchase whereby a customer will purchase goo

143.

A group of computers that exchange data is referred to as

A.

an information bank

B.

a network

C.

a database

D.

an intranet site

Correct answer is B

A network, in computing, is a group of two or more devices that can communicate.

144.

The placement of workers based on their qualifications can be categorized under

A.

public sector

B.

skilled labour

C.

private sector

D.

unskilled labour

Correct answer is B

Skilled labor refers to labor that requires workers who have specialized training or a learned skill-set to perform the work. These workers can be either blue-collar or white-collar workers, with varied levels of training or education.

145.

Quantity discount is offerred mainly to persuade the buyer to

A.

defer payment

B.

make prompt purchases

C.

make advance payment

D.

purchase more

Correct answer is D

quantity discount is often offered by sellers to entice buyers to purchase in larger quantities.