Correct Answer: B) hydroscopic

Correct Answer: C. 2

Correct Answer: (a) Mr. Taiwo Akinkunmi

Correct Answer: C. 12.5, 7.7

Correct Answer: C. resident foreigners of good character

Explanation

(a) Reasons why cultism constitutes national problems

i. It leads to increase in drop-out from school and rising unemployment

ii. It leads to loss of lives and properties

iii. It leads to fall in educational standards

iv. It leads to the spread of blood transfusion related diseases such as HIV/AIDS

v. It gives bad images to the society

vi. It breeds irresponsible citizens

vii. It erodes commitment to excellence and hardwork

viii. It increases crime rate in society

ix. It leads to value disorientation and erosion of good values in the society

x. It promotes mediocrity in the national workforce and human capital

(b) Reasons why eradication of cultism in school will promotes national development

i. It promotes positives national values

ii. It will promote the production of experts

iii. It will promote commitment to national development

iv. It encourages responsible citizenship

v. It enhance economic prosperity

vi. It promotes commitment to excellence

vii. It enhances nationalism and patriotism in society

viii. It promotes peace and order in the society

ix. It attracts investment and development projects

x. It ensures security of lives and properties

(c) Factors hindering the eradication of cultism in Nigeria school:

i. Irresponsible school administration and leadership

ii. Strong commitment to oath of membership by cultists

iii. Involvements of parents in cults activities

iv. Negative peer pressure and influence

v. General economic hardship, poverty in the society

vi. God fatherism and backing of cultist by elites or influential members of society

vii. Ignorance on the part of students, parents and school administrators

viii. Persist threat to members willings to denounce or expose cult membership and insecurity of victims

ix. Non-implementation of punishments and sanctions designed for cultists

x. Admission of expelled student due to cult activities into others school and colleges

Correct Answer: A. didactic

Correct Answer: A. exchange rate determination

Explanation

(a) Features common to both public and private limited companies:

(i) Perpetual existence: Both companies are created by law. The death of members do not bring the companies to an end.

(ii) Legal documents: Both companies must submit the memorandum of association and Articles of Association to the Registrar of companies before incorporation.

(iii) Limited liability: The liability of the shareholders is limited to the amount of share capital contributed by each shareholder.

(iv) Dividend: Both companies distribute dividend to their shareholders. This is based on the number of the shareholding.

(v) Annual financial report: Both companies must submit their statutory annual reports/returns to the Registrar of companies.

(vi) Control/Management: Both companies have board of directors that make policy decisions.

(vii) Taxation: Both companies as legal persons pay income tax.

(viii) Legal identity: Both are legal persons, they can sue and be sued in their own names.

(ix) Membership: Both have no lower or upper limit as to number of shareholders.

(x) Formation: Both register with the registrar of companies.

(xi) Ownership: Both are owned by shareholders.

(b) Contents/provisions of memorandum of association:

(i) The name of the company with LTD/PLC as the last word.

(ii) The address of the registered office of the company.

(iii) The object of the company/the purpose for which the company was set up.

(iv) The names of the promoters/directors, their shareholding and their signature to show consent.

(v) The amount of authorized share capital.

(vi) The nominal or par value of each share.

(vii) A statement that the liability of members is limited.

Correct Answer: B. 200

Explanation

Price index is gotten by diving the current market price by the base year price. Hence we have; Price index = 240/120 x 100 = 200