A agrees to purchase B's mobile phone for $10. Despite the fact the phone is worth $400, could this still be sufficient to form a contract?Group of answer choicesYes, $10 may be sufficient, it need not be adequate considerationYes, but B can ask for more money if he wants toNo, the Contract is unfairNo, the phone is worth more than $10

A contract stipulates:Commodity: Cellphone, Samsung Galaxy A71, blackQuantity: 500 setsUnit Price: 315 USD/set CFR Cat Lai port, Incoterms 2020Which above article of the contract is not good for the seller?ACommodityBUSDCQuantityDUnit price

A new phone cost £679The value of the phone decreases at a rate of 4% per year.Work out the value of the phone at the end of 3 years.

A shopkeeper bought two mobile phones in ₹ 8000. If he sells 1st phone at 20% profit and 2nd phone at 15% profit he earns certain profit. But if he sells 1st phone at 15% profit and 2nd phone at 20% profit he gets ₹ 100 more. Find the price of both the phones.₹ 3500, ₹ 4500₹ 3000, ₹ 5000₹ 4000, ₹ 4000₹ 2000, ₹ 6000

A shopkeeper sells a phone X on 20% profit. What is the Cost Price of phone X?Statement A. Average of all the phones sold by shopkeeper is 225.Statement B. Selling Price of Phone X is Rs. 14400.a.if both statements A and B are neededb.if either of statement A or statement B alone is sufficient.c.if statement B alone is sufficient but statement A alone is not sufficientd.if both of them together are not sufficiente.if statement A alone is sufficient but B alone is not sufficient

Kumaran is seller of modern types of cell phone covers. Valli purchased Rs 100000/- valued of cellphone cover from him and, paid Rs 60000/- immediately. and she agreed to pay the balance with twoequal instilment.Select the function of money in order as mention in the above case from the following functions ofmoneyA - Medium of exchangeB - Standard for valueC - store of valueD - deferred payment tool(1) A B C (2) A B D (3) B C (4) C D (5) B D ( .........)10) Following are some functions of central bankA - Following macro economies policiesB - Promoting financial inflow of Sri LankaC - Financial intelligence servicesD - Managing employees provident fundE - Establishing deposit insurance schemeF - Foreign currency controlSelect the group which is consist only the agency services of central bank(1) A, B, D (2) A, E, F (3) B, C, E (4) B, C, F (5) C, E, F ( .........)11) Select the incorrect statement from the following relation to usage of cheque(1) In Sri Lanka cheques are used under the banking act(2) Life time of cheque is six years.(3) Account payee only not negotiable cross cheque should be in name of person.(4) Authority for removing the cross from the cheque is drawer only.(5) Validity period of a government cheque is 30 days. ( ....... )12) Following are the type of risk arises in business.A - Losses in change in designB - Accident of delivery vanC - Bankrupt of a debtorD - Market failure due to bad management decision.E - Rusting of iron in the buildingF - Owner of the business in dead cause of heart attack.Select the group which consists only non-insurable risk.(1) A, B (2) C, E (3) A, D, E (4) C, E, F (5) F only ( .........)13) Which one is not a disadvantages of communication of signs and symbols(1) Difficult to convey the message and information to the blind.(2) Misunderstanding of information due to manipulation of symbols.(3) Difficult to understand the all the symbols.(4) Want to have adequate knowledge to understand the sings and symbols. ( ....... )(5) Information’s are short