csec principles of business (The Nature of Business)

Front

What is bartering?

Back

A system of exchange without the use of money.

Front

Trading oil for wheat. Is an example of?

Back

Bartering

Front

Difference between Bartering and Exchange?

Back

Barter is the exchanging without the use of money while exchange is giving up one thing for another with or without money.

Front

What are the category of human resources? Options: Blue collar, White Collar, Brown collar; Adults, men, women; Professionals, Skilled, Semi-skilled, Unskilled

Back

Professionals, Skilled, Semi-skilled, Unskilled

Front

Which trading instrument can be issued in foreign currency? Options: Barter, Money Order, Telegraphic money order, Bank Draft

Back

Bank Draft

Front

The focus of effort in a particular leading to expertise in the area

Back

Specialization

Front

A good traded in bulk

Back

Commodity

Front

John bought a soda from Moe's Supermarket. Who is John?

Back

A Consumer

Front

John bought a soda from Moe's Supermarket. Who is Moe?

Back

A retailer

Front

An advantage of Money order.

Back

Can be use by persons without a bank account.