(a) Mention and explain the four business resources.
(b) Explain four ways by which government regulates business.
(a) State any five channels of distribution for consumer goods.
(b) Explain five factors to be considered before choosing a particular channel.
(a) Give two uses of each of the following documents in business transaction.
(I) Proforma invoice
(ii) Advice note
(iii) Credit note
(iv) Statement of account
(v) Receipt.
(a) Give four uses of an Organization chart
(b) Explain three reasons why managers may refuse to delegate
(c) State three advantages of delegation of authority.
(a) What is public relations?
(b) State and explain five media of public relations.
(a) Give three similarities and three differences between hire purchase and deferred payment.
(b) Explain four reasons why a trader would prefer the use of cheque to cash for large payments.
Explain the social responsibilities of a business to the following:
(a) the community
(b) the employee
(c) the shareholders
(d) the government
(e) the consumers.
(a) Give any five features which are common to both cooperative societies and private limited companies
(b) Explain any five differences between cooperative societies and private limited companies.
Write short notes on each of the following
(a) Marine insurance,
(b) Accident insurance
(c) Group insurance
(d) Export Credit Guarantee insurance
(e) Fire insurance
(a) State five reasons why road transport would be preferred to rail transport
(b) Give five functions of the Nigerian Airport Authority.
(a) Give two examples of small-scale retail outlets and three examples of large- scale retail outlets
(b) Explain five reasons for the survival of small-scale retailers.
(a) State five objectives of establishing the Economic Community of West African States
(b) Give five reasons why the Lake Chad Basin Commission was established.
Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement.
(a) Give five reasons why a life assurance policy may be taken
(b) Describe any five insurance policies which a large department shop owner may take.
(a) Explain five factors which determine the span of control
(b) Give five functions of the personnel department in a business establishment.
(a) Describe five ways by which commercial banks aid international trade
(b) State and explain five functions of the Nigerian Export Promotion Council
(a) What is an advertising medium?
(b) State any five factors to be considered before choosing a particular advertis-ing medium.
(c) Give eight examples of advertising media
(a) Identify four environmental factors that affect business
(b) Explain how each of the factors mentioned in (a) above affects business operations
Explain five services of each of the following;
(a) Courier firms
(b) NITEL