Explanation

(a) Features of Public Corporation

(i) It is created by an Act of parliament.

(ii) It is controlled by government

(iii) It is managed by a board of directors appointed by the government.

(iv) It provides essential services at affordable prices

(v) it is not profit oriented.

(vi) It is financed by government subsidies/grants/subvention

(vii) it is a legal entity that can sue and be sued.

(viii) It require large capital outlay

b(i) Sources of capital to limited liability companies:

(i) Shares.

(ii)Debentures

(iii) Plough back profit/Retained earnings

(iv) Bank loans

(v) Bank overdrafts

(vi) Trade credits

(vii) Government tax holidays

(viii) Leasing

(ix) Hire purchase

(x) Debt factoring

(xi) Sales of assets.

b(ii) Explanation of sources capital available to limited liability company:

(i)Shares: Shares constitute part ownership (capital) of a company. They are given in units with quoted monetary value (price) to the public to subscribe. Shares could be ordinary or preference depending upon how the company wants the share capital to be constituted.

(ii)Debentures: These are loans carrying fixed rate of interest that are payable whether a company makes profits or not. The interests are paid before payment of dividend on shares. A written agreement of indebtedness with terms and conditions under the company's seal serves as guarantee/It is a secured loan.

(iii)Plough back profit/Retained earnings: The profits of a company may be reinvested rather than being distributed to shareholders in form of dividend.

(iv)Bank loans:These are large amounts of funds which are raised from commercial banks and investment institutions which attracts interest. Such loans carry collateral security as a guarantee.

(v)Bank Overdrafts:These are credit facilities granted to a limited liability company operating current account to withdraw money over and above their bank balance for immediate use,

(vi) Trade credits: This refers to the supply of goods by manufacturers arid wholesalers for which payment is made at a later date or after the sale of the goods.

(vii)Government tax holidays:Government provides relief in the form of nonpayment of taxes for some periods.

(viii)Leasing:A company hires equipments, machinery and land in lieu of outright purchase and pays rent as agreed. Thus it enables a company to employ asset without having to tie up large amount of capital for a long period.

(ix)Debt factoring: This is taking over Of trade debts by an intermediary called a factor, Factoring provides the seller of the debts with prompt payment. (it is called forfeiting in international trade)

(x)Sale of Assets:A company may dispose off some of its assets to raise funds.

(xi)Hire purchase:Companies in need of funds to acquire capital assets may get them through installment payment agreement.

Correct Answer: C. \(\frac{1}{3}\)

Explanation

p = { 1, 2, 3}

Q = {2, 3, 5}

prob(prime number) = prob(1 and 2) or

= prob(2 and 3) or

= prob(3 and 2)

There are three possibilities of the sum being prime

Total possibility = 9

probability(sum being prime) = \(\frac{3}{9}\)

= \(\frac{1}{3}\)

Correct Answer: B) cerebellum

Explanation

The question is asking about the part of the brain in mammals that helps maintain balance. The brain is responsible for many functions in the body, including balance. The options given are medulla oblongata, cerebellum, optic lobe, and cerebrum. The correct answer is option B, which is the cerebellum. The cerebellum is located at the back of the brain and is responsible for controlling movement and balance. It receives input from the sensory systems in the body, including the eyes, ears, and muscles, and uses this information to coordinate movement and maintain balance. The medulla oblongata, option A, is part of the brainstem and is responsible for controlling vital functions such as breathing and heart rate. The optic lobe, option C, is responsible for processing visual information. The cerebrum, option D, is the largest part of the brain and is responsible for many functions, including thinking, perception, and voluntary movement. It is important to note that the brain is a complex organ and many parts work together to control different functions in the body. The cerebellum is just one part of the brain that helps maintain balance. To learn more about this topic, please refer to the relevant sections of the recommended textbooks.

Correct Answer: C. Chamber of Commerce

Correct Answer: A) october 1, 1963

Explanation

Nigeria gained independence from British colonial rule on October 1, 1960. However, it was still a constitutional monarchy with the British monarch as the head of state. On October 1, 1963, Nigeria became a republic, which means it adopted a new constitution and became a sovereign state with a president as the head of state. Therefore, option A, October 1, 1963, is the correct answer.

Option B, October 1, 1960, is incorrect because Nigeria gained independence on that date but was still a constitutional monarchy. Option C, May 29, 1999, is incorrect because it was the date Nigeria returned to democratic rule after several years of military dictatorship. Option D, January 1, 1966, is incorrect because it was the date of a military coup that overthrew the civilian government and did not lead to Nigeria becoming a republic.

In summary, Nigeria became a republic on October 1, 1963, which means it adopted a new constitution and became a sovereign state with a president as the head of state. Option A is the correct answer.

Correct Answer: B. disciplined

Correct Answer: D. debilitated

Correct Answer: A. advising the Oba in the administration of the Kingdom

Correct Answer: C. the humble Messiah of peace

Correct Answer: A. opportunity cost of producing one commodity for another