Explanation

(a) i) It serves as a medium of exchange

ii) It serves as a standard of deferred payment

iii) It is used as a unit of account

iv) It is used as a measure of value

v) it serves as a store of value

(b) I) Bull: This is a speculator who buys and sells securities with the intention of reselling them at a higher price before the payment of the securities is due.

ii) Jobber: A jobber buys and sells securities on his own for a profit called jobbers' turn.

iii) Broker: This is an individual or firm who links buyers and sellers of securities with jobbers and earns a commission known as brokerage.

iv) Stag: This is a speculator who subscribers to new issues of shares in the hope of selling them at a profit when dealing in them begin.

Explanation

Babs Fatunwa Senior Secondary School,

P.O Box 226,

Ojodu

27th May, 2018.

Dear Kingsley,

I read your last letter with a great delight. It is indeed delightful to know that schools do share some similarities which may be positive ones or negative as it is in our case. In my own school too, there are some practices which have made my school to be notorious and which I would want to express my disapproval about. Just as you were disgusted about such practices in your school, I want to express dissatisfaction with some similar practices in my school.

The first nauseating practice is incessant fighting bordering on thuggery among students. It is a common practice even within my school compound to see two students fighting each other and other students would gather around them hailing and thus causing mayhem. In most cases, the fighters are inseparable and they would fight until one draws blood on the other. This intolerable habit at times is taken too far when the students in my school engage some unscrupulous ones from a nearby sister school. The in-house fighting practice is thereby exhibited outside in what has become thuggery for which my school has now become known. My school does not organise inter-house sport competitions because similar ones ended in violent thuggery.

Bullying as a practice common among students in my school has also become so prevalent that it has become a source of worry for peace-loving students like me. There is no day passing without one or two cases of bullying being reported to the school authorities. Junior students and those who have diminutive stature are at the great risk of being bullied and harassed within the school premises. They are extorted and forced to part with their money and belongings. In some cases, such extortions border on robbing the younger ones. Within the school premises, the junior students have become an endangered species as they are picked up for bullying by the senior students who are supposed to protect them. Similar to this, gambling, as a practice, is common among the students. This cuts across all the classes in the school as there are gamblers in junior classes as well as in the senior classes.

Another worrisome practice in my school is the lackadaisical attitude of teachers to their duties. All the practices I told you about earlier on are the results of the poor attitude of our teachers. They are negligent of their duties as many of them turn their faces from students' misbehaviours instead of correcting them. Their attitude to their main job of coming to teach in the class is not different. They sit down in their staffrooms during their lesson periods waiting for students to come and call them.

There is an urgent need for improvement because the school cannot make progress until there is a change. Kingsley, I am not happy that my school is notorious for all these objectionable practices of fighting, thuggery, gambling and unproductive attitude of teachers. I seriously desire an improvement with which the school can move forward.

How are you and your studies? I hope you are trying to cope with all the challenges that are coming your way. I trust you. Don't ever try join in those practices you discussed in your last letter but be one of t the agents of change and improvement as I am trying to be here. I know that we are going to succeed in the end.

Yours sincerely,

Christopher.

Correct Answer: D. improve capillary action

Correct Answer: B. producing a given output with the lowest cost of combination of factors of production

Explanation

Efficiency of production means that an entity is operating at maximum capacity, where a firm is focused more on increasing the quantity being manufactured while reducing cost.

Correct Answer: (D) Bill of Quatities

Correct Answer: A. objected to

Correct Answer: C. solution

Correct Answer: C. Cost price

Explanation

Goods are transferred from head office to branch at cost price, selling price and cost price plus mark up

Correct Answer: A. the process is endothermic

Correct Answer: A. eulogy