Compare a public limited company with partnership under the following headings
(a) formation: (b) Ownership and Control: (c) Source of Capital: (d) Liability: (e) Dissolution:.
(a) Write in full the following abbreviations as used in commerce:
(i) COD (ii) CIF (iii) FOB; (iv) E and O.E.
(b) The sale of consumer goods costing N 100,000 attracts a cash discount of 7½% and a quantity discount of 5%. Calculate the:
(i) value of the quantity discount
(ii) value of the cash discount
(iii) net amount of money payable by the buyer.
(a) State five reasons for governments participation in business
(b) Explain five problems encountered by government businesses.
(a) What is a contract?
(b) List and explain four ways by which a contract can be discharged.
(a) Explain five reasons for which manufacturers advertise their products.
(b) State five reasons for the continued criticism of advertising.
(a) State five reasons for the presence of the customs and excise authority at seaports.
(b) Explain five functions of airport authority
(a) Outline five functions of commercial banks.
(b) List and explain five ways the central bank controls the commercial banks.
(a) What is a vending machine?
(b) State six reasons why supermarkets are popular with shoppers.
(a) With the aid of a diagram, show the different classes of occupation.
(b) What is occupation?
(c) Explain with one example each, three classes of occupation shown in 1 (b) above.
(a)What is turnover in commerce?
(b) List and explain six factors that determine the turnover of a product.
(a) Distinguish between a broker and a factor.
(b) State three duties of an employer to an employee.
(c)State four duties of an employee to an employer
(a)List five media of public relations.
(b) Enumerate five types of after sales services.
(c)State five benefits of after benefits of after sales services
(a)Explain four functions rendered by a courier firm.
(b) Explain six functions rendered by a Telecommunication firm
Explain each of the following classes of insurance:
(a) Marine insurance
(b)Accident insurance
(c)Group insurance
(d) Fidelity Guarantee insurance
(e) Consequential Loss Insurance.
(a)State four functions of wholesaler to a retailer.
(b) Explain five advantages of small scale retail business over a large scale business.
(a) List four features of a self service shop.
(b)State four disadvantages of a self service shop.
(c)State four importance of working capital to a business.
Explain five ways in which commerce is important in the life of a nation
(a) Write the following commercial abbreviations in full:
(i) C.OD (ii) C.I.F (iv) E & O.E
(b) The sale of a good costing Le100,000 attracts a trade discount of 5% and a cash discount of 5%. You are required to calculate the:
(i) trade discount value
(ii) cash discount value
(iii) net amount payable by the buyer.
Explain the following business terms:
(a) standing order
(b) bank draft
(c) legal tender
(d) money order
(e)I.O.U
(a) Define advertising
(b) Explain four demerits of advertising
(c) Explain five different ways producers can create awareness for their goods and services
(a) State four features of a warehouse
(b) Explain six reasons why warehousing is important to a business