(a) Explain four ways by which a registered mail differs from ordinary mail.
(b) Explain two advantages and two disadvantages of transporting goods by rail
Give two uses of each of the following documents:
(a) price list
(b) delivery note
(c) consignment note
(d) advice note
(e) proforma invoice
(a) Explain the following: (i) turnover (ii) rate of turnover (iii) net profit
(b) The following information is taken from the balance sheet of XYZ Ltd:
N
opening stock 1,000
purchases 10,000
sales 15,000
wages 1,000
closing stock 5,000
You are required to calculate:
(i) the cost of goods sold
(ii) the rate of turnover
(iii) net profit
(a) What is an advertising medium?
(b) Mention eight advertising media.
(c) Give five factors to be considered before choosing an advertising medium.
Explain five measures taken by a country to:
(a) restrict imports
(b) promote exports
(a) Give four reasons why retail shops adopt self service.
(b) Explain six facilities that a retail shop should have to encourage self service.
(a) What is a Chamber of Commerce?
(b) State six functions of a Chamber of Commerce.
(c) State three functions -pc manufacturing association.
(a) Explain each of the following insurance terms:
(i) consequential loss
(ii) cover note
(b) State four advantages of re-Insurance to a businessman
(a) State five functions performed by the wholesaler in the channel of distribution.
(b) Explain five factors that encourage the elimination of middlemen from the channel of distribution.
(a) State four characteristics of a co-operative society.
(b) Mention and explain three types of co-operative society
(a) What is indigenization?
(b) Explain four advantages anc four disadvantages of indigenization.
(a) What is market?
(b) Explain four ways by which market-ing is important to the economy
(c) State five functions marketing.
(a) Give five reasons why a manufacturer may brand his products.
(b) State five advantages of packaging.
| N | |
| motor vehicle | 60,000 |
| fixtures & fittings | 60,000 |
| machinery | 65,000 |
| warehouse | 18,000 |
| stock | 20,000 |
| prepayment | 10,000 |
| Accrued expenses | 12,000 |
| cash-in-hand | 8,000 |
| cash at bank | 6,000 |
| bank overdraft | 3,500 |
| creditors | 5,000 |
| Debtors | 6,000 |
| premises | 75,000 |
(a) From the above figures, calculate the following, showing all workings:
(i) capital owned
(ii) fixed assets
(iii) working capital.
(b) List five sources of capital available to a public limited company.
(a) Explain five roles of transport to businessmen.
(b) State three characteristics of tramp vessels and two characteristics of ocean liners.
Write short notes on each of the following:
(i) Small stores
(ii) Mobile shops
(iii) Tied shops
(iv) Supermarkets
(v) Peddling.
Distinguish between the following pairs of terms used in insurance:
(a) Third party and comprehensive policy
(b) Whole life and endowment policy
(c) Insurance and assurance
(d) Premium and compensation.
(a) Assume that you are a retail trader and want to open a current account with a branch of a commercial bank. Write out four steps to be taken in opening the account.
(b) State six services provided by a commercial bank.
(a) Give four arguments for and three arguments against advertising.
(b) List six advertising media used by business organizations in West Africa.
(a) State the difference between an ordinary invoice and a proforma invoice.
(b) Explain the following terms used in connection with an invoice:
(i) 5% trade discount
(ii) net 3 months
(iii) E.& O.E.
(iv) carriage forward
(v) 21 % cash discount.
State two advantages of using each of the following media of advertising:
(a)Newspaper
(b) Radio
(c) Television
(d )Posters
(e) Direct mail.