(a) Define communication.
(b) List and explain six functions of the post office.
(a) What is a contract?
(b) List five elements of a contract
(c) Explain six conditions that could lead to the termination of a contract.
(a) Explain five measures a country could take to solve its balance of payment problems.
(b) State five disadvantages of international trade.
(a) State five features common to both public and private limited companies.
(b) State five provisions of a memorandum of association.
(a) State four steps that can be taken by a customer opening a current account.
(b) Explain six functions of commercial banks.
(a) What is production?
(b) Explain the following factors of production: (i) land (ii) labour (iii) capital
(c) State three functions of an entrepreneur.
(a) Define commerce.
(b) Explain six functions of commerce in an economy.
(a) Give five reasons for the protection of consumers
(b) state five measures taken to protect consumers.
(a) State four differences between a loan and an overdraft
(b) Explain six factors to be considered by a bank manager before granting a loan.
(a) Outline six functions of advertising
(b) Explain seven factors to be considered in choosing an advertising medium
Explain the following:
(a) Insurance underwriter
(b) Promoters
(c) Auctioneer
(d) Factor
(e) Broker.
(a) State two advantages of courier services.
(b) List and explain six communication services rendered by the post office.
(a) List four means of payment in business.
(b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount.
(a) State any four advantages of a public limited company.
(b) Explain the following:
(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture.
(a) State five features of a partnership business.
(b) Explain five reasons why governments participate in business.
(a) Explain industrial occupation. Give three examples.
(b) State three uses of capital as a factor of production.
(c) State four uses of land as a factor of production.
(a) Differentiate between Nationalization and Indigenization.
(b) State six reasons why a country would indigenize some industries.
Explain the following documents used in international trade:
(a) Indent;
(b) Bill of lading
(c) Consular invoice
(d) Certjficate of origin
(e) Bill of exchange.
(a) What is a contract?
(b) List five elements of a valid contract.
(c) Explain four ways by which a contract may be discharged.
(a) Define the term market segmentation.
(b) List six factors that influence market segmentation.
(c) State five advantages of advertising.
(a) Explain five factors affecting the choice of transport of frozen products.
(b) State five disadvantages of air transport.