(a) Explain four ways by which a registered mail differs from ordinary mail.
(b) Explain two advantages and two disadvantages of transporting goods by rail
Give two uses of each of the following documents:
(a) price list
(b) delivery note
(c) consignment note
(d) advice note
(e) proforma invoice
(a) Explain the following: (i) turnover (ii) rate of turnover (iii) net profit
(b) The following information is taken from the balance sheet of XYZ Ltd:
N
opening stock 1,000
purchases 10,000
sales 15,000
wages 1,000
closing stock 5,000
You are required to calculate:
(i) the cost of goods sold
(ii) the rate of turnover
(iii) net profit
(a) What is an advertising medium?
(b) Mention eight advertising media.
(c) Give five factors to be considered before choosing an advertising medium.
Explain five measures taken by a country to:
(a) restrict imports
(b) promote exports
(a) Give four reasons why retail shops adopt self service.
(b) Explain six facilities that a retail shop should have to encourage self service.
(a) What is a Chamber of Commerce?
(b) State six functions of a Chamber of Commerce.
(c) State three functions -pc manufacturing association.
(a) Explain each of the following insurance terms:
(i) consequential loss
(ii) cover note
(b) State four advantages of re-Insurance to a businessman
(a) State five functions performed by the wholesaler in the channel of distribution.
(b) Explain five factors that encourage the elimination of middlemen from the channel of distribution.
(a) State four characteristics of a co-operative society.
(b) Mention and explain three types of co-operative society
A voluntary body formed by people in the same line of business is known as?
- A. trade union
- B. trade association
- C. cartel
- D. employers' association
A voluntary body formed by people in the same line of business is known as?
- A. trade union
- B. trade association
- C. cartel
- D. employers' association
The process by which government takes over the ownership and control of an existing private business is?
- A. industrialization
- B. privatization
- C. nationalization
- D. commercialization
The process by which government takes over the ownership and control of an existing private business is?
- A. industrialization
- B. privatization
- C. nationalization
- D. commercialization
The duty of an agent of necessary to a principle is based on?
- A. trust
- B. ability
- C. negotiation
- D. mutual agreement
The duty of an agent of necessary to a principle is based on?
- A. trust
- B. ability
- C. negotiation
- D. mutual agreement
In a contract, offer is described as a counter offer if?
- A. a new clause is introduced
- B. it is not understood
- C. it is not addressed to a particular person
- D. it leaves no room for renegotiation
In a contract, offer is described as a counter offer if?
- A. a new clause is introduced
- B. it is not understood
- C. it is not addressed to a particular person
- D. it leaves no room for renegotiation
Which of the following is not a method of discharging a contract?
- A. Performance
- B. Breach
- C. Consideration
- D. Frustration
Which of the following is not a method of discharging a contract?
- A. Performance
- B. Breach
- C. Consideration
- D. Frustration
A major reason why government regulate business activities is to?
- A. prevent producers from selling at profit
- B. providing employment to schools
- C. ensures fair practices and consumers protection
- D. force producers to export more goods