Correct Answer: B. saturated

Correct Answer: D. 16√3

Explanation

Problems of distribution in Nigeria are:

(I) Inadequate infrastructural facilities: Facilities like electricity, telecommunication are not adequate.

(ii) Inadequate storage facilities/warehouse: This especially affects perishable products which come seasonally. During harvests, there is excess supply of these products, but there is scarcity as soon as the excess is over.

(iii) Hoarding and speculation in Nigeria:The traders can create artificial scarcity for some commodities especially during festive periods such as Christmas and Ramadan. Artificial scar-city can also occur as a result of change in government policies. This disrupts the distributive process and increases prices unnecessarily.

(iv) Packaging problems:The packaging of goods is not standardized. This may result in damage or loss in transit.

(v) Inadequate transport facilities: The poor transport system also affects commodity distribution and marketing in the country. The roads are so bad that commodities sustain great damage due to accidents.

(vi) Long chain of distribution:There are too many middlemen. The numerous links along the chain of distribution make the price of commodities to increase considerably.

(vii) Insecurity on Nigerian roads: Distribution is affected as a result of the activities of armed bandits on the road.

(viii) Administrative bottle-necks in the collection and handling of goods: Excessive delay in the supply and delivery of commodities is a common feature in the Nigerian distribution system. Processing of necessary papers at supply point or depots causes considerable loss of time.

Correct Answer: D. predict

Explanation

(a)Non-indemnity insurance: Refers to those associated risks for which no amount of compensation could equate to the loss suffered by the insured however only a consolation payment is made to the insured.

(b)(i) Whole life assurance

Endowment policy

Term assurance

(i)Whole life assurance: In this case, the insurance company pays a definite sum of money on the death of the policy holder.

(ii)Endowment assurance: Here, the insurance company pays the policy holder the amount assured when the person who is insured attains a certain age or when such a person dies, which ever comes first.

(iii)Term assurance: In this case, the life of the policy holder is insured for particular period but he gets paid by the insurance company if death occurs within this period.

(c)Surrender value: This is the amount paid to an insured, when he opts to discontinue with the payment of a life policy.

Correct Answer: D. apostrophe

Correct Answer: D. Bureau of Republic Enterprises

Correct Answer: D. his situation would be uncorfortable as he prophesied to unwilling people

Correct Answer: A) type of demand

Explanation

In consumer markets, the demand comes from individual consumers who purchase goods or services for personal use. For example, when you buy a new pair of shoes for yourself, you are contributing to the demand in the consumer market.

On the other hand, in industrial markets, the demand comes from businesses and organizations that buy goods or services for their own production or operation. For example, when a company purchases machinery or raw materials to manufacture products, they are contributing to the demand in the industrial market.

So, the correct answer to this question is option A: type of demand. The type of demand, whether it is from individual consumers or businesses, helps to differentiate consumer markets from industrial markets.

The other options, such as type of supply, nature of the services rendered, and price of the goods, are not the criteria for differentiating consumer markets from industrial ones.

Correct Answer: C. 180

Explanation

No. of ways = \(\frac{6!}{2!2!}\)

= \(\frac{6 \times 5 \times 4 \times 3 \times 2!}{2 \times 1 \times 2!}\)

= 180 ways