Explanation

(a) Land refers to the natural resources, or free gift of nature such as farmlands, mineral deposits, water bodies, sunshine etc.

(b)(i) Land is a free gift of nature; man has not incurred any cost to bring it into existence.

(ii) Land is fixed in supply as given by nature

(iii) Land is geographically immobile

(iv) Land is subject to the law of diminishing returns

(v) The quality and value of land varies from place to place.

(c)(i) Land is used for crop production and hence is a source of food for the population

(ii) Land is the source of, fishing i.e. the water bodies serve as the source of fishing

(iii) Land is the source of raw materials for industry e.g tiber, minerals etc

(iv) Land is used in the construction industry in the building of houses, roads and factory structures etc.

(v) Water bodies provide the means for water transportation

(vi) Land is used for wildlife conservation and tourism

(vii) Water bodies provide the means of hydro-electricity generation

(viii) Adequate sunshine is the source of solar energy generation

(ix) Land is used for animal rearing

(x) Land is a source of revenue and foreign exchange earner

(xi) Adequate wind is the source of wind power generation

(xii) Land is a source of employment and income for those engaged in primary production.

Correct Answer: B. Water supply

Correct Answer: B. beautify the environment

Explanation

Ornamental plants are primarily cultivated for their aesthetic value and decorative purposes. They are grown and maintained to beautify the environment, whether in gardens, parks, landscapes, or indoor settings.

Correct Answer: C. the frequency of the wave is unaltered while the wavelength is decreased

Correct Answer: C. audience

Explanation

(a) Explanation of Current Assets with examples

(a) current asset consists of those resources of a business that can easily be changed into cash for example stock, debtors, bill, receivable including cash at bank and cash in hand.

(b) Uses of working capital:

(i) it is used to determine whether the business can meet its financial obligations.

(ii) It serves as a check against over trading.

(iii) It helps to determine the solvency of a business

(iv) It is used in the day to day running of the business.

(c) (i)Calculation of Current Liabilities

Current Liabilities of Zig Stores # Creditors 60,000 Bank overdraft 10,00070,000

(iii) Calculation of Current Assets

Current Asset of Zig Stores Stocks 76,000 Debtors 50000

Correct Answer: D. execution

Correct Answer: C. 2x² - 5x - 3 = 0

Explanation

x = \(\frac{-1}{2}\)

x = 3

2x = -1, x = 3; 2x + 1 = 0

x - 3 = 0

(2x + 1)(x - 3) = 0

2x² - 6x + x - 3 = 0

2x² - 5x - 3 = 0

Explanation

Positive effects of petroleum industry on the economy of Nigeria are:

(i) The development of basic infrastructural base for developmental purposes.

(ii) Provision of internal energy requirement, e.g. kerosene, gas.

(iii) Provision of revenue in form of petroleum tax/sales of petroleum products.

(iv) It is a source of foreign exchange.

(v) Many people have been gainfully employed in the industry.

(vi) Emergence of petroleum has led to the establishment of petrochemical industry in the country and some other allied industries such as liquified natural gas industries.

Negative effects of Petroleum industry on the economy of Nigeria are:

(i) The presence of oil and its wealth has escalated social vices such as corruption, armed robbery, etc.

(ii) Oil exploration in Nigeria has caused ecological problem like pollution.

(iii) Nigeria has become mono-economy. Other sectors like agriculture have been relegated to the background.

(iv) Another major effect is the problem of rural - urban migration.

(v) The discovery of oil led to rapid monetary expansion which has caused a high rate of inflation.

Correct Answer: C. 1939