Which of the following is NOT backed by gold but by government securites?
Fiduciary note
Token money
Commodity money
Fiat money
Correct answer is A
Fiduciary note. This term refers to that portion of anote issue, whether that of a Government or of a bank, which is not protected by a specific backing of metal or coin or assets capable of being converted into coin or bullion on demand.
Which of the following is a legal tender?
Cheque
Travellers cheque
Bank note
Goldsmith receipt
Correct answer is C
bank note is a piece of paper money, constituting a central bank's promissory note to pay a stated sum to the bearer on demand.
Complying with the rules relating to the conduct of business activities in a country is an aspect of
cultural enviroment
demographic environment
legal environment
political environment
Correct answer is C
Legal environment Refers to the terms/conditions of the place where you are conducting business. it outlines various laws that regulate businesses, their intended purpose in the business, and how they affect the business.
Discharging certian duties by an organization to the public to gain high patronage is a concern of ?
financial responsibility
economic responsibility
legal responsibility
social responsibility
Correct answer is D
Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
Labour as an input in production can be motivated by
training
profit
remuneration
promotion
Correct answer is C
Employee motivation is the level of energy, commitment, and creativity that a company's workers bring to their jobs. If the remuneration is directly related with work performance, employee will work hard. It is the reason that most of managers use remuneration to motivate employees