a) Explain the following types of discount:
- Trade discount;
- Quantity discount;
- Cash discount;
- Seasonal discount.
b) State five functions of a development bank.
| Le | |
| Rent | 25,000 |
| sales | 850,000 |
| return outwards | 15,000 |
| purchase | 400,000 |
| returns inwards | 25,000 |
| Insurance | 45,000 |
| fixtures and fittings | 15,000 |
| wages and salaries | 112,000 |
| Transport | 6,000 |
From the above information calculate the: (a) turnover (b) cost of goods sold (c) gross profit (d) Rate of stock turn
(a) Define the following terms
(i) nationalization (ii) Indigenization (iii) commercialization (iv) privatization
(b) state four reasons why government should participate in business
(a) Explain the meaning of market segmentation
(b) List and explain four factors to be considered in segmenting a market
State two distinguishing features between each of the following;
(a) Tramps vessels and ocean liners
(b) A factor and a broker
(c) A commissioned agent and a del credere agent
(d) consular invoice and proforma invoice
(e) Insurance and assurance
(a) state five importance of personal selling to a business
(b) Explain five reasons why communication is important to a business
Explain the following insurance terms;
(a) proximate cause
(b) surrender value
(c) contribution
(d) utmost good faith
(e) premium
Write explanatory notes on the following Stock Exchange terms
(a) Bull (b) Bear (c) Option (d) Backwardation (e) Contango
(a) What is mail order business?
(b) list and explain six trends in retailing
(a) State five features of a public corporation
(b) list and explain five sources of capital available to a limited liability company
(a) Distinguish between Commerce and Industry
(b) (i) Explain three activities involved in industry
(ii) Explain five activities involved in commerce
To take an insurance policy, an applicant must first complete a/an
- A. proposal form
- B. cover note
- C. certificate of insurance
- D. advice note
To take an insurance policy, an applicant must first complete a/an
- A. proposal form
- B. cover note
- C. certificate of insurance
- D. advice note
Which of the following price quotations requires the buyer to take delivery at the manufacturer’s warehouse?
- A. Ex-works
- B. F.O.R
- C. F.O.B
- D. D.F.A.S
The insurance principle of indemnity does not apply to
- A. fire insurance
- B. life assurance
- C. burglary insurance
- D. marine insurance
The insurance principle of indemnity does not apply to
- A. fire insurance
- B. life assurance
- C. burglary insurance
- D. marine insurance
The ancillary to trade which ensures that people have access to information pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
The ancillary to trade which ensures that people have access to information pertaining to goods is
- A. insurance
- B. advertising
- C. warehousing
- D. banking
A term which describes the value of business connections made by a company over the years is known as
- A. patent
- B. copyright
- C. goodwill
- D. trade mark
A term which describes the value of business connections made by a company over the years is known as
- A. patent
- B. copyright
- C. goodwill
- D. trade mark
A person who undertakes responsibility for forming a new company is
- A. auditor
- B. solicitor
- C. registrar
- D. promoter