Correct Answer: A. speculation

Explanation

Speculation in regards to commodity market, is the purchase of a commodity with the hope and expectation that, they maybe variation or changes in prices of the said product. This normally happens when there is fear that they maybe an upward turn or increase in price in future

Correct Answer: C. focus the object under high power

Explanation

Documents used in the formation of a company:

(a)Prospectus:

(i) It is an invitation to the public in writing to make an offer to buy shares.

(ii) It is used when dealing with new shares.

(iii) It contains company's history and future prospects.

(iv) It provides information about the rights of the shares.

(b)Memorandum of Association:

(1) It is a document that contains the rules that regulate the affairs of the company with the outside world.

(ii) It must be filed with the registrar of companies.

(iii)It contains:

(a) the name of the company with Plc/Ltd as the last word. Cumbersome, requiring a lot of documentation, e.g. memo and article of Association to secure incorporation. It is expensive and takes time to form. It is owned by shareholders through subscription of shares. Owners are separated from management of the business. Capital is raised through subscription of shares. The liability of each member is limited to the amount invested.

(b) where the registered office is located/address.

(c) the objects of the company/the purposes for which the company is set up.

(d) names of promoters/directors and the amount of capital contributed by each.

(e) the amount of authorized capital.

(c) Articles of Association:

(i) It is a document which regulates the structure and internal management of the company.

(ii) It states the rights of different classes of shareholders.

(iii) It states the rules/procedures of conducting meetings.

(iv) It regulates the issue of shares.

(v) It states the election, limitation and rights of Directors.

(vi) It states the borrowing powers of the company.

(vii) It must be filed with the registrar of company.

(d) Certificate of incorporation:

(i) It is a document issued by Registrar of company to the promoters after all documents have been found to be in order.

(ii) It signifies that the company has come into existence from that moment.

(iii) it establishes the company as a legal entity recognised by laws of the state, which can now sue and be sued.

(iv) It is the "birth certificate" of the company.

(e) Declaration:

(i) This is a statement in writing to the registrar of companies by the promoter.

(ii) It states that the requirement of the companies have been complied with.

(iii) It is a declaration that adequate capital has been raised.

(iv) The promoters are held liable for any false declaration.

(f) Trading Certificate:

(i) This is a document issued by the Registrar of companies.

(ii) It gives the public company the right to commence the business for which it was formed.

(iii) It lapses if a company does not start operation within 1 year of its issue.

Correct Answer: D. decision of the International Court of Justice

Explanation

(a) Economic importance of Aswan High Dam to the Nile Basin are:

(i) Generation of Hydro-electric power (electricity)

(ii) Aswan dam also serves irrigation purposes. This enables the people to farm throughout the year

(iii) Dam is also used as fishing ground

(iv) Aswan dam also provides source of water for domestic and industrial uses

(v) Aswan dam also serves as tourist centre where revenue can be generated.

(b) Four problems resulting from the construction of dams are:

(i) There may be low level of water in the river which may hamper navigation and other activities

(ii) The collapse of the dam may lead to flooding of the plain which may cause damage to life and properties

(iii) Huge amount of money which would have been utilized in some useful projects is lost through the construction of dam

(iv) Shortage of water in the river during dry season may hamper the normal functioning of the dam.

Correct Answer: A. noble character with hubris

Correct Answer: C. shall have been writing

Explanation

The correct answer is C. shall have been writing

Here's why:

1. Start time: 8:00 a.m.

2. Future reference point: 11:00 a.m.

3. Duration: From 8:00 a.m. to 11:00 a.m. is exactly 3 hours.

The phrase By 11:00 a.m. indicates a future point in time, and for three hours indicates a duration leading up to that future point. This is the perfect use case for the Future Perfect Continuous tense.

• Future Perfect Continuous (shall/will have been + -ing verb) describes an action that will continue up to a specific point in the future and emphasizes the duration of that action.

Let's look at the other options:

• A. shall be writing: (Future Continuous) - Describes an action that will be in progress at 11:00 a.m., but doesn't emphasize the duration *leading up to* that point.

• B. have been writing: (Present Perfect Continuous) - Describes an action that started in the past and is continuing *now*, or just finished. It doesn't refer to a future point.

• D. am writing: (Present Continuous) - Describes an action happening right *now*. It doesn't refer to a future point.

So, the complete sentence is: By 11:00 a.m I shall have been writing it for three hours.

Correct Answer: C. tarmac

Correct Answer: (C) would return

Correct Answer: A. centre for the spread of Christianity