(a) What is indigenization?
(b) Explain four advantages anc four disadvantages of indigenization.
(a) What is market?
(b) Explain four ways by which market-ing is important to the economy
(c) State five functions marketing.
(a) Give five reasons why a manufacturer may brand his products.
(b) State five advantages of packaging.
| N | |
| motor vehicle | 60,000 |
| fixtures & fittings | 60,000 |
| machinery | 65,000 |
| warehouse | 18,000 |
| stock | 20,000 |
| prepayment | 10,000 |
| Accrued expenses | 12,000 |
| cash-in-hand | 8,000 |
| cash at bank | 6,000 |
| bank overdraft | 3,500 |
| creditors | 5,000 |
| Debtors | 6,000 |
| premises | 75,000 |
(a) From the above figures, calculate the following, showing all workings:
(i) capital owned
(ii) fixed assets
(iii) working capital.
(b) List five sources of capital available to a public limited company.
(a) Explain five roles of transport to businessmen.
(b) State three characteristics of tramp vessels and two characteristics of ocean liners.
Write short notes on each of the following:
(i) Small stores
(ii) Mobile shops
(iii) Tied shops
(iv) Supermarkets
(v) Peddling.
Distinguish between the following pairs of terms used in insurance:
(a) Third party and comprehensive policy
(b) Whole life and endowment policy
(c) Insurance and assurance
(d) Premium and compensation.
(a) Assume that you are a retail trader and want to open a current account with a branch of a commercial bank. Write out four steps to be taken in opening the account.
(b) State six services provided by a commercial bank.
(a) Give four arguments for and three arguments against advertising.
(b) List six advertising media used by business organizations in West Africa.
(a) State the difference between an ordinary invoice and a proforma invoice.
(b) Explain the following terms used in connection with an invoice:
(i) 5% trade discount
(ii) net 3 months
(iii) E.& O.E.
(iv) carriage forward
(v) 21 % cash discount.
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
- A. OAU
- B. ECOWAS
- C. OPEC
- D. LCBC
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
- A. OAU
- B. ECOWAS
- C. OPEC
- D. LCBC
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
- A. OAU
- B. ECOWAS
- C. OPEC
- D. LCBC
Which of the following has as one of objectives the removal obstacles to movement of people and goods across the boundaries of member countries?
- A. OAU
- B. ECOWAS
- C. OPEC
- D. LCBC
The taken over by government of enterprises formerly owned by private person is referred to as?
- A. privatization
- B. nationalization
- C. commercialization
- D. indigenization
In a law of contract, what is given in exchange for a promise to perform is?
- A. offer
- B. acceptance
- C. consideration
- D. warranty
Which of the following is not concerned about consumer protection?
- A. Foods and Drugs Act
- B. Trade Descriptions Act
- C. Price control Act
- D. General Agreement on Traiffs and Trade
A void contract is one that?
- A. is enforceable
- B. has no maturity
- C. has no legal effect
- D. is discharged
A void contract is one that?
- A. is enforceable
- B. has no maturity
- C. has no legal effect
- D. is discharged
Market skimming is an example of?
- A. is enforceable
- B. has no maturity
- C. has no legal effect
- D. is discharged
Market skimming is an example of?
- A. is enforceable
- B. has no maturity
- C. has no legal effect
- D. is discharged