csec principles of business (The Nature of Business)

What is bartering?

• A system of exchange without the use of money.

• A system of exchange with the use of money.

• A system of using money to purchase goods and service.

• A system to handing out goods with nothing in return.

Trading oil for wheat. Is an example of?

• Monetary Exchange

• Bartering

• Profit

• Loss

Difference between Bartering and Exchange?

• Difference include bartering is the exchanging using money and Exchange is giving up one thing for anything other than Money,

• Difference include barter is the exchanging without the use of money while exchange is giving up one thing for another with or without money.

• There is no difference

• All of the above

What are the category of human resources?

• Blue collar, White Collar, Brown collar

• Adults, men ,women

• Professionals, Skilled, Semi-skilled, Unskilled

Which trading instrument can be issued in foreign currency?

• Barter

• Money Order

• Telegraphic money order

• Bank Draft

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

• Enterprise

• Globalization

• Labour

• Specialization

A good traded in bulk

• Commodity

• Product

• Goods

• Trade

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

• A producer

• A marketer

• A Consumer

• A tattoo artist

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

• A producer

• A retailer

• A commodity

• A casher

An advantage of Money order.

• Can be use by persons without a bank account.

• Bank fee is attached to the money order.

• It is a very pretty piece of document.

• It is at the tip of your finger.