| Le | |
| sales | 220,000 |
| stock 1/1/05 | 60,000 |
| purchases | 180,000 |
| stock 31/12/05 | 70,000 |
| salaries and wages | 8,000 |
| Debtors | 16,000 |
| Transport | 6,000 |
| Rent | 5,000 |
Calculate (showing all workings) the: (a) gross profit (b) average stock (c) net profit
(a) Distinguish between nationalization and indigenization
(b) State five advantages of nationalization and three disadvantages of indigenization
(a) Explain the following terms:
(i) goodwill
(ii) patents
(iii) trade mark
(iv) copyright
(b) State four factors that could lead to the dissolution of a limited liability company
Explain the following terms as used on the stock exchange market:
(a) Backwardation
(b) Bear
(c) Jobber
(d) Jobber’s turn
(e) Brokerage
(a) Explain five functions of the Customs Authority
(b) State five advantages of international trade
Describe each of the following documents and state one use of each:
(a) consular invoice
(b) bill of lading
(c) certificate of origin
(d) bill of sight
Explain the following terms:
(a) fixed assets
(b) certificate of trading
(c) dividend
(d) authorized capital
(e) promoters
(a) What is personal selling?
(b) List and explain six media available to an advertiser of goods and services
Explain five benefits that would be derived and five losses that would be suffered when a sole trader admits other partners.
(a) Differentiate between industry and commerce.
(b) List and explain four activities of those engaged in commercial occupations
The cost of advertising is ultimately borne by the
- A. manufacturer
- B. consumer
- C. wholesaler
- D. retailer
A place where dutiable goods are kept until duties on them are paid is known as
- A. private warehouse
- B. public warehouse
- C. bonded warehouse
- D. manufacturer's warehouse
Which of the following is not a function of an entrepreneur?
- A. Co-ordination
- B. Risk-bearing
- C. Entertaining
- D. Making decision
The post office service that allows a traveler without a fixed address to collect his letter is known as
- A. post restante
- B. recorded delivery
- C. speed post
- D. express service
Which of the following note will be sent to a buyer to inform him that the goods he ordered have been dispatched?
- A. Advice note
- B. Delivery note
- C. Credit note
- D. Consignment note
A type of policy where the assured or his dependents will not get anything if he dies within the period of the policy is known as
- A. group policy
- B. whole life policy
- C. endowment policy
- D. term policy
Which of the following are exclusively functions of marketing?
- A. Buying, pricing, selling and promotion
- B. Risk-bearing, storage, production and transporting
- C. Organizing, risk-bearing, transporting and storage
- D. Production, promotion, distribution and recruiting
The police and the army are engaged in
- A. direct service occupation
- B. indirect service occupation
- C. industrial occupation
- D. primary occupation
The police and the army are engaged in
- A. direct service occupation
- B. indirect service occupation
- C. industrial occupation
- D. primary occupation
Which of the following is not a function of the commercial bank?
- A. Collection of deposit
- B. Safe custody services
- C. Issuing of currency
- D. Agents of payment
Which of the following is not a function of the commercial bank?
- A. Collection of deposit
- B. Safe custody services
- C. Issuing of currency
- D. Agents of payment