Correct Answer: A. High temperature

Correct Answer: C. demand

Explanation

Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to payt a specific price for them.

Correct Answer: D. Dynamic RAM

Correct Answer: C. leads to flooding when in excess

Correct Answer: A. decrease in the closing balance of sales ledger control accout

Explanation

(a) Consumer goods are goods produced for the direct satisfaction of the wants of an individual.

(b)) Fixed capital: These are long-term assets of a firm that are very durable and are not used up in the course of production. they do not change their form as well, e.g. land, Buildings., Machinery, equipment tools, motor vehicles, etc.

i. Social capital:-This refers to capital that is collectively owned by society but is provided by the government. It is also called social infrastructure, e.g. roads, electricity, hospitals, schools, Water rail system, etc

ii. Circulating capital: This form of capital changes its form and is used up in the production process, e.g.stock of partly-finished goods, fuel, raw materials money for paying wages and salaries, etc.

(c) i. The income level is generally low and so most people cannot afford to save.

ii. The dependency ratio is high because the Working group is smaller compared to the youth and the aged.

iii. Most people have the tendency to consume rather than to save, engaging in prestigious but non-productive ventures, e.g. funerals, parties, weddings, etc

iv. There is little incentive to save since the interest rate on savings is low and also most institutions finally wind up, taking along customers savings with them.

v. The cost of living is high because prices of goods and services keep rising People are therefore left with nothing to save.

vi. The demand by banks is sometimes cumbersome because large initial deposits are required and other information that clients cannot provide.

vii Government tax policy; if the tax is high it reduces disposable income and makes savings low.

viii High levels of unemployment

ix. Inadequate financial institutions, especially in the rural area to mobilize savings.

Correct Answer: C. The Sudan

Correct Answer: B) bit

Explanation

Out of the options given, the correct answer is B, which is bit. A bit is the smallest and most basic unit of information storage in computers. It is a binary digit that can represent either a 0 or a 1.

Bytes, which is option A, are made up of 8 bits. A kilobyte, which is option D, is made up of 1024 bytes, while a megabyte, which is option C, is made up of 1024 kilobytes.

Option E, Newton, is not a unit of information storage in computers. Newton is a unit of force in the International System of Units (SI).

In summary, the smallest and basic unit of information storage in computers is a bit, which represents either a 0 or a 1. Bytes, kilobytes, and megabytes are larger units of information storage that are made up of bits. Newton is not a unit of information storage in computers

Correct Answer: C. charity

Explanation

Benevolence; the quality of being well meaning; kindness.

Explanation

(a) The granting of permission to pay at a future date for something of value received now is called credit. It is defined as the granting of the use of possession of goods and services without immediately paying for them.

(b) Three ways by which banks grant credit to customers are:

(i) Loan: Banks can give loans to their customers for a short period which includes interest charges. It is usual for banks to require collateral security before they can give loans. Collateral securities are assets which can be converted to cash upon default by customers.

(ii) Overdraft: An overdraft is a facility granted to a customer who operates a current account. This enables him to draw cheques to an agreed maximum over the amount outstanding to his credit in his current account. For example, if he has #600 in his account, he may withdraw #1000. Banks charge interest on overdraft.

(iii) Discounting bills of exchange: Commercial banks discount bills of exchange, that is, they pay cash for bills of exchange before the bills mature.

(c) Advantages of Credit Sales are:

(i) Credit sales enables many firms to meet temporary needs for cash.

(ii) Credit sales brings higher profit.

(iii) There is increase in sales or turnover.

(iv) It reduces the risk of holding stock.

(v) Credit sales makes it possible for consumers to have immediate possession of the goods and services they need even though they do not pay at once.

Disadvantages of Credit Sales are:

(i) Credit customers pay higher than cash customers.

(ii) There is risk of non -payment by the customers.

(iii) The credit customer may be tempted to buy more than what he can afford.

(iv) Credit sales involve a lot of book keeping processes