JAMB Commerce 2011 Objective — Question 16

Question 16 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.

The purchase of goods under the CWO system of payment implies that

A. A. payment must be made on delivery
B. B. money must be enclosed when orderingCorrect
C. C. payment must be made within few days
D. D. payment can be made at the spot

Explanation

CWO means Cash With Order. It is a system of payment in which the money for the goods is enclosed with the order.

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