(a) Write the following abbreviations in full:
(i) C.O.D; (ii) C.I.F. (iii) F.O.B; (iv) E and O.E.
(b) The sale of a consumer good costing #100,000 attracts a cash discount of 5% and a quantity discount of 5%. You are required to calculate
(1) quantity discount value (ii) cash discount value (iii) net amount of money payable by the customer.
(a) State five factors that can affect the rate of turnover of a company.
(b) What is working capital?
(c) Explain four importance of working capital.
(a) Explain four functions of the stock exchange.
(b) Explain four ways by which the Central Bank regulates the activities of commercial banks.
(a) What is hire purchase?
(b) Give two advantages and two disadvantages each of hire purchase to
(i) the buyer
(ii) the seller.
(a) What is transportation?
(b) Explain dead freight.
(c) List and explain five factors that will determine a seller’s mode of transportation.
(a) Explain the following:
(i) counter trade
(ii) entrepot trade
(iii) import trade
(iv) invisible trade
(b) State four barriers to international trade.
List and explain four documents involved in the formation of a public limited company.
Explain the following insurance terms:
(a) proximate cause
(b) contribution
(c) utmost good faith
(d) re-insurance
(e) contract of non-indemnity (compensation).
Write short notes on the following types of retail outlets:
(a) supermarket
(b) mobile shops
(c) department stores
(d) chain stores
(e) hawking.
Compare a partnership and a public limited company as business unit under the following headings;
(a) formation
(b) ownership
(c) raising of capital
(d) liability
(e) transfer of shares
A shareholder who holds 100,000 shares of 50 butts each is given a dividend of 10 percent less 2 percent tax. What is his net return?
- A. D10,000.00
- B. 9,800.00
- C. D5,000.00
- D. D4,900.00
Which of the following is not a favorable condition under which personal selling can be practiced?
- A. When advertising entails relatively high costs
- B. When the market is concentrated
- C. When the market is dispersed
- D. When personal touch is needed
People who sell shares in anticipation of a fall in their value are called
- A. bears
- B. bulls
- C. brokers
- D. jobbers
Which of the following economic unions is made up of countries in West Africa only?
- A. ACP
- B. ECOWAS
- C. NATO
- D. ADB
Which of the following economic unions is made up of countries in West Africa only?
- A. ACP
- B. ECOWAS
- C. NATO
- D. ADB
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
- A. privatization
- B. indigenization
- C. commercialization
- D. nationalization
The takeover by government of Sanking Sillah and Sons Ltd is referred to as
- A. privatization
- B. indigenization
- C. commercialization
- D. nationalization
One disadvantage of indigenization is that it
- A. discourages foreign control of an economy
- B. encourages local retention of profits
- C. encourages the participation of indigenes in economic development
- D. discourages foreign investment
One disadvantage of indigenization is that it
- A. discourages foreign control of an economy
- B. encourages local retention of profits
- C. encourages the participation of indigenes in economic development
- D. discourages foreign investment
Which of the following is not an advantage of marketing?
- A. Creation of demand
- B. Ensuring effective distribution of goods
- C. Implementing government regulations
- D. Application of marketing techniques
Which of the following is not an advantage of marketing?
- A. Creation of demand
- B. Ensuring effective distribution of goods
- C. Implementing government regulations
- D. Application of marketing techniques