The following statement about responsibility in business is …

JAMB Commerce 2023 67 views

The following statement about responsibility in business is correct except:

  1. Responsibility is about the duties assigned to individuals within an organization.
  2. Responsibility can be delegated to others.
  3. Responsibility is solely about financial obligations. ✓
  4. Responsibility involves the ethical implications of business decisions.

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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