Describe the following documents and state one use of each;
(a) consignment note
(b) bill of sight
(c) catalogue
(d) manifest
(e) waybill.
(a) What is Nationalization?
(b) Explain three rea-sons why government nationalizes some businesses.
(c) State four disadvantages of nationalization.
Explain the following and give three benefits of each:
(a) branding
(b) after sales service
(c) self-service
(d) vending machine
(a) State five characteristics of a limited liability company.
(b). Explain five sources of funds to a public limited company.
List and explain five methods used by the Central Bank to control the activities of the commercial banks.
Explain the following terms used in insurance:
(a) surrender value
(b) cover note
(c) policy
(d) re-insurance
(e) group insurance
(a) State four reasons why transport is important to commerce.
(b) Explain three advantages and three disadvantages of air transport.
(a) Distinguish between trade and commerce.
(b) Describe five different activities engaged in by people in commercial occupations.
Legal tender consists of
- A. cheques and coins
- B. bank drafts and cheques
- C. currency notes and coins
- D. money order and currency notes
Legal tender consists of
- A. cheques and coins
- B. bank drafts and cheques
- C. currency notes and coins
- D. money order and currency notes
The process of dividing market into identifiable sub-markets is known as
- A. marketing concept
- B. market segmentation
- C. market research
- D. market orientation
The process of dividing market into identifiable sub-markets is known as
- A. marketing concept
- B. market segmentation
- C. market research
- D. market orientation
Which of the following is true of rail transport?
- A. Suitable for perishable goods
- B. Cheaper over long distances
- C. it does not require trans-shipment of goods
- D. has no fixed route
Which of the following is true of rail transport?
- A. Suitable for perishable goods
- B. Cheaper over long distances
- C. it does not require trans-shipment of goods
- D. has no fixed route
Which of the following is not a function of money?
- A. Double coincidence of wants
- B. Medium of exchange
- C. Measure of value
- D. Store of wealth
Which of the following is not a function of money?
- A. Double coincidence of wants
- B. Medium of exchange
- C. Measure of value
- D. Store of wealth
Which of the following terms is used in marine insurance when the cargo suffers partial loss?
- A. General Average
- B. Particular Average
- C. Floating Policy
- D. Open Cover
Which of the following is not a principle of insurance
- A. indemnity
- B. insurable risk
- C. Subrogation
- D. Insurable interest
Which of the following is not a principle of insurance
- A. indemnity
- B. insurable risk
- C. Subrogation
- D. Insurable interest
Which of the following is not provided by the post office?
- A. Recorded delivery service
- B. Business reply service
- C. Express delivery service
- D. After sales service