a. As an employee of the stock exchange market, explain to a group of investors five securities they could trade in.
b. State five duties of an agent to his principal.
a. State four functions of warehousing
b[Ā”] State two features of each of the following retail outlets:
chain stores
b[Ā”Ā”] State two features of each of the following retail outlets:
mobile shop
b[Ā”Ā”Ā”] State two features of each of the following retail outlets:
mail order business
a. Victor and Samba have been partners for two years. They have had disagreements throughout the period and Samba requested for a dissoultion of the partnership so that he could start a sole proprietorship.
State five problems Samba could face as a sole trader
b. Victor and Samba have been partners for two years. They have had disagreements throughout the period and Samba requested for a dissoultion of the partnership so that he could start a sole proprietorship.
State five benefits Samba could enjoy if he remained in the partnership
a. Explain five factors that delayed the growth of commerce in West Africa
b[Ā”] Using appropriate headings, classify the following workers.
– oil driller
b[Ā”Ā”] Using appropriate headings, classify the following workers.
– potter
b[Ā”Ā”Ā”] Using appropriate headings, classify the following workers.
– policemen
b[Ā”v] Using appropriate headings, classify the following workers.
– brewer
b[vĀ”] Using appropriate headings, classify the following workers.
– mason
b[vĀ”Ā”] Using appropriate headings, classify the following workers.
– farmer
In a contract of sale, the amount deposited with the seller for a particular product by a buyer is
- A. consideration
- B. warranty
- C. counter offer
- D. acceptance
One of the barriers to foreign trade is
- A. imposition of embargo
- B. removal of tarrif
- C. trade liberalization
- D. memorandum of understanding
A duty of the principal to his agent is to
- A. stop the sale of good in transit
- B. pay the agent for services rendered
- C. disclose confidential information
- D. renegotiate agreements made by the agent
The bank that conducts research on an economy, thereby identifying obstacles to growth is the
- A. commercial bank
- B. mortgage bank
- C. development bank
- D. central bank
Use the diagram to answer the question
The instrument will not be valid on
- A. September 25, 2023
- B. July 25, 2023
- C. October 25, 2023
- D. June 25, 2023
Use the diagram to answer the question
The two lines on the instrument shows that it is
- A. altered
- B. crossed
- C. cancelled
- D. paid
Use the diagram to answer the question
The instrument in the diagram is a
- A. cheque
- B. money order
- C. deposit slip
- D. warrant
The management function that is concerned with coordinating business resources efficiently is
- A. organizing
- B. controlling
- C. planning
- D. motivation
An advantage of advertising is that
- A. prices of products are reduced
- B. awareness is created on the existence of products
- C. quality of products is improved
- D. distribution channels for products are improved
The department that ensures that products are made available to consumers is
- A. purchases
- B. finance
- C. marketing
- D. production
A source of capital to a cooperative society is
- A. contribution
- B. debenture
- C. retained profit
- D. ordinary share
The rate at which a country’s export exchange for its imports is
- A. terms of payment
- B. terms of trade
- C. balance of payment
- D. balance of trade
An organizational chart is used to
- A. determine the departmental objectives and targets
- B. show the hierarchy of staff
- C. implement policies on staff welfare
- D. measure variation on staff performance
The arrangement for the conveyance of goods abroad is performed by the
- A. customs and excise authority
- B. ports authority
- C. clearing and forwarding agents
- D. chamber of commerce
The business in which sale of goods involves use of vehicles is a
- A. mobile shop
- B. chain store
- C. shopping mail
- D. tied shop
Which of the following is not a form of sales promotion?
- A. Cash on delivery
- B. Cash on delivery
- C. Free samples
- D. Buy one get one free
Which of the following modes of transport could be used to convey both liquid and gas?
- A. Aeroplane
- B. Tanker
- C. Tramp
- D. Ferry