(a)Give six features of a public company
(b)Explain four reasons for winding up a public limited company
Explain any five reasons why commerce is important in the life of a nation
(a)(i) What is a trade association?
(ii) Give two examples
(b) Explain any five functions of a trade association.
The state of affairs of Danchukwu Enterprises for the year ended 30th September, 1997 shows the following:
Capital 90,000.00
Creditors 22,000.00
Vehicles 50,000.00
Furniture & Fittings 20,000.00
Cash in hand 18,000.00
Stock 24,000.00
(a) What is Danchukwu’s working capital, using the above information?
(b) Mention four uses of working capital.
(c) Differentiate current capital from fixed capital.
(a) Illustrate any four channels of distribution of manufactured goods.
(b) Explain the statement the longer the channel, the higher the price.
(c) Give five reasons why small scale retail businesses may fail.
(a) Who is an actuary?
(b) Differentiate between contribution and group insurance
(c) Describe three types of risks that may be insured against under marine insurance.
Write the following in full and explain their meanings:
(a) C.I.F.
(b) F.O.B.
(c) F.A.S.
(d) F.O.R.
(e) C.F.
(a) Distinguish between marketing and a market
(b) In which four ways is marketing important to a developing country?
(a) What is an agency?
(b) Explain the features of the following agents:
(i) Factor
(ii) Broker
(iii) Del-credere agent
(iv) Auctioneer.
(a) Define a bill of exchange.
(b) State six essential features of a bill of exchange.
(c) List the parties to a bill of exchange.
(a) Mention four types of co-operative societies.
(b) State two distinguishing features and two functions of each type mentioned in 2(a) above.
(a) What is production?
(b) Illustrate with a labeled diagram the main divisions and subdivisions of production.
(a)What is a contract?
(b) Explain six reasons for which a contract can be terminated.
Outline two functions of each of the following.
(a) Trade Association
(b) Consumer Association
(c) Customs Authority
(d) Manufacturer’s Association
(e) Chamber of Commerce.
| N | |
| fixtures | 1,000.00 |
| stock 31st december | 8,000.00 |
| Debtors | 5,000.00 |
| Creditors | 3,000.00 |
| Cash in hand | 7,000.00 |
| Bank overdraft | 1,200.00 |
| Typewriter | 4,500.00 |
| furniture | 2,500.00 |
| capital | 8,000.00 |
Calculate:
(a) Capital owned
(b) Working capital
(c) Current liabilities
(d) Fixed capital
(e) Capital employed.
(a)Explain five reasons why communication is important in commerce.
(b) Explain five functions of Advertising.
(a)Explain five reasons why a manufacturer may engage in personal selling.
(b) Explain five characteristics of Sole Proprietorship.
(a)Explain branding and give two suitable examples.
(b) In which five ways does branding affect the consumer?
(a)With the aid of a diagram, illustrate six branches of trade and show six types of retail outlets.
(b) State eight features of hawking.
(a)Describe to Kola a new recruit in your office, the steps he may take to open a current account.
(b) Outline four functions of the Central Bank.
(a)Explain five reasons why consumers need protection.
(b) State five government legislation aimed at consumer protection.