(a) Explain five functions of advertising.
(b) Explain three merits and two demerits of newspaper advertising.
(a) State six facilities a good seaport should have.
(b) In what four ways is transport important to commerce?
On June 17, 2006, Mr. Cham wrote an order cheque of M. Sumarch for D500 drawn on Standard Chartered Bank, Bakau
(a) State the drawer, the payee and the drawee from the above information.
(b) The cheque is crossed “Account Payee only” and “Not Negotiable”, Explain four effects of the crossing.
(c) State three advantages of payment by cheque.
Outline five objectives of each of the following:
(a) International Monetary Fund (IMF).
(b) European Economic Community (EEC).
(a) Amatco Ltd has an authorized capital of 6,000,000 ordinary shares of D5.00 per share. It issued 3,000,000 ordinary shares and all such shares were bought and paid for at D2.00 a share except 1,000 shares taken by Mr. Jones. Calculate the value of the: (i) authorized capital (ii) issued capital (iii) called-up capital (iv) paid-up capital.
(b) The following are the assets and liabilities of Morgan’s Ltd:
| N | |
| cash | 8,000 |
| Building | 81,000 |
| Creditors | 6,500 |
| sales returns | 12,000 |
| Debtors | 18,000 |
| Capital | 122,000 |
| Overdraft | 11,000 |
| Motor vehicle | 20,000 |
| sales | 50,000 |
| Net profit | 20,000 |
(a) List and explain four elements of a valid contract
(b) Explain four duties of an agent to the principal.
Differentiate between the following paired terms:
(a) Trade discount and cash discount
(b) Branding and packaging
(c) Indemnity and compensation
(d) cash receipt and invoice
(e) Credit sales and hire purchase.
(a) What is balance of payments?
(b) List and explain six methods used in correcting an adverse balance of payment.
(a) Explain five advantages of large scale retailing
(b) State five characteristics of each of the following:
(i) Department Stores
(ii) Supermarkets.
(a) Explain six functions of wholesalers to manufacturers
(b) State four problems that a cooperative society may likely face.
A document showing that a person has shipped certain goods through a named ship is
- A. bill of lading
- B. bill of exchange
- C. dock warrant
- D. bill of entry
A specialist on the stock exchange who buys and sells securities in his own name is a
- A. Stag
- B. Bull
- C. Broker
- D. Jobber
A specialist on the stock exchange who buys and sells securities in his own name is a
- A. Stag
- B. Bull
- C. Broker
- D. Jobber
Which of the following refers to the division of market into identifiable sub-markets
- A. Market research
- B. Market segmentation
- C. Market penetration
- D. Marketing mix
Which of the following refers to the division of market into identifiable sub-markets
- A. Market research
- B. Market segmentation
- C. Market penetration
- D. Marketing mix
Which of the following is an advantage of transportation by sea?
- A. Goods can be delivered from door to door
- B. it is a cheaper means of transporting goods
- C. it is accident free
- D. it is the fastest means of transport
Which of the following is an advantage of transportation by sea?
- A. Goods can be delivered from door to door
- B. it is a cheaper means of transporting goods
- C. it is accident free
- D. it is the fastest means of transport
Which of the following provides evidence of receipt of an important document sent through the post?
- A. Recorded delivery service
- B. Air mail service
- C. Letter post
- D. Express delivery service
Which of the following is not a means of water transport
- A. Liner
- B. Tanker
- C. Truck
- D. Barge
A document showing full details of the goods and passengers carried in a ship or aircraft is
- A. Bill of lading
- B. Airway bill
- C. Manifest
- D. Indent
Which of the following involves the delivery of mails to a traveler without a fixed address
- A. Speedpost
- B. Reply paid
- C. Recorded delivery
- D. Post restante