Correct Answer: B. I and III

Correct Answer: D. Gymnosperm

Correct Answer: B. carriage outward

Explanation

carriage outward: it is the cost of transporting goods from the company to the buyer. it is on debit side of the profit and loss account because it is an expenses incurred on distributing the goods to customer.

Correct Answer: D. stages of development in the life of Tess

Correct Answer: D. 15

Correct Answer: C. groundnuts

Explanation

(a) Explanation of staking in yam cultivation

- It means using long poles or stick to support yam vines

- The vines are trained to climb up the stakes by the farmer

- Staking is done to ensure adequate exposure of leaf surface to sunlight for photosynthesis

- Staking improves yield of yam

(b) Nursery practices in coca cultivation

- Polythene bags/poly pots are filled with loamy soil mixed with organic manure

- Fresh seeds are sown in the soil in polythene bags

- The polythene bags are placed under a shade in the nursery

- The sown seeds in the polythene bags are watered daily

- Removal/hand pulling of weeds around the growing seedlings is done regularly

- The seeds are sown in nursery between October and November

- Nursery practices last for about 5-6months

(c) Reasons for parboiling paddy rice

- To reduce the breakage of grains during milling

- To harden the grains.

- To loosen the husk

- To make dehusking easier

- To improve the resistance of grains to storage Pests

-To enable the grains absorb vitamin B and proteins in the bran during soaking

-To improve storability of rice grains

(d) Advantages and disadvantages of taungya farming

Advantages

- Varieties of crops are harvested

- It increases the income of the farmer

- When leguminuos crops are used, the beneficial effect of root nodules increases soil fertility for the forest trees

- The young forest trees receive attention from the farmer

- Where land is scarce, the farmer has a piece of land to cultivate

- Ensures effective weed control

- Creates employment

Disadvantages

- The forestry sector may be reluctant to release their fertile land to farmers

- There is competition for space, light, water and nutrients between arable crops and trees

- Choice of crops to be planted is restricted to arable crops

- Labour intensive because the system cannot be mechanized

- Trees may harbour pests/pathogens of crops

Correct Answer: B. 9.30 pm

Explanation

a). Benefits of the Partnership are:

(i) Sufficient capital: This kind of organisation allows the polling together of funds for instance, through borrowing from banks.

(ii) Specialization in management: The work of the firm is shared according to the area of specialization of each partner.

(iii) .Special skills can be pooled together by the partners.

(vi) Privacy: In partnership, there is high degree of privacy as partnerships are not required to lodge their books with the Registrar of companies.

(v) Continuity: Partnerships have greater continuity because the death of one partner may not end the existence of the business.

(vi)The burden of managing and controlling the establishment is shared by the partners and this reduces the strain which business life entails on individuals.

(vii) Joint and better decisions: Decisions taken by two people will be better than when it is taken by one person.

(b) Reasons why Sule might be reluctant to accept the proposal are:

(i) The misconduct of an unscrupulous partner can ruin the whole business.

(ii)The death of a general partner which could be natural, will end the existence of the firm and bring hardship to the other partners.

(iii) Members may disagree on a number of issues which can affect the smooth running of the firm.

(iv) The business is not a legal entity. If the business is declared bankrupt, the partners will suffer and not the business.

(v) Partnership does not enjoy limited liability. The risk inherent in unlimited liability is high because all partners are liable for the firm's debts irrespective of the amount of capital contributed by each individual.

(vi) Decision making will be slow as many people must be consulted before any decision or policy is taken or made.

Correct Answer: B. Jabin