(a) State four factors that would determine the choice of transport by a businessman.
(b) State four advantages of :ad transport over rail transport
(a) Explain uninsurable risks and list two types of such risks
(b) Write short notes on the following: (i) Hull surance (ii) Fidelity guarantee insurance (iii) Underwriter (iv) Insurance Premium
Fred Asamah had the following state of affairs as at 31st December, 1999
Vehicles 82,000
Furniture 15,000
Stocks 38,000
Debtors 25,000
Creditors 30,000
Cash in hand 10,000
Bank overdraft 5,000
Capital 135,000
(a) Calculate: (i) the current assets of the business (ii)current liabilities (iii) its working capital
(b)What is a current asset? (c) State one significance
(a) State any four rights of an unpaid seller of goods
(b) Give six duties of an agent to the principal
(a) What is a bill of lading?
(b) State six contents of a bill of lading.
(c) Distinguish between a clean bill of lading a-a foul bill of lading
(a) Explain six reasons for government participation in business enterprises
(b) State four demerits of governme-participation in business enterprises
(a) State six distinguishing features of a mail order business
(b) Give four disadvantages of a mail order business
Write short notes on the following :
(a) Persuasive advertising
(b) Informative advertising
(c) Competitive advertising
(d) Mass advertising
(e) Direct advertising
(a) Differentiate between Hire Purchase and Credit Sale
(b) Give four advantages of hire purchase to each of following:
(i) a seller
(ii) a buyer
(a) With the aid of a diagram, illustrate the scope of commerce.
(b) Explain four commercial activities that facilitate buying and selling.
Which of the following is a means of payment to persons abroad through the post office?
- A. Postal order
- B. Cheque
- C. bank draft
- D. Telegraphic money order
The law by which the seller transfers the property in goods to the buyer at an agreed price is the?
- A. Hire purchase Act
- B. Trade Description Act
- C. Foods and Drugs Act
- D. Sale of Good Act
A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?
- A. a bull
- B. a bear
- C. a stag
- D. an underwriter
The exchange of goods for goods in foreign trade is known as?
- A. visible trade
- B. smuggling
- C. counter trade
- D. entrepot trade
The greatest advantage of air transport over all other means of transport is it’s?
- A. comfort
- B. safety
- C. speed
- D. flexibility
The greatest advantage of air transport over all other means of transport is it’s?
- A. comfort
- B. safety
- C. speed
- D. flexibility
Product pricing, distribution and promotions are elements of?
- A. marketing mix
- B. marketing research
- C. sales promotion
- D. product orientation
Product pricing, distribution and promotions are elements of?
- A. marketing mix
- B. marketing research
- C. sales promotion
- D. product orientation
An association businessmen including manufacturers, traders, bankers and people engaged in business in an area is known as?
- A. trade associate
- B. chamber of commerce
- C. trade union
- D. cooperative society
The turnover of a company will improve if the company increases?
- A. Advertising
- B. prices of goods
- C. production
- D. warehousing facilities
The term “21/4%40 days”refers to?
- A. mark-up
- B. trade discount
- C. cash discount
- D. value added tax