Correct Answer: B. fidelity guarantee

Explanation

Fidelity guarantee insurance; An agreement whereby, for a designated sum of money, one party agrees to guarantee the loyalty and honesty of an agent, officer, or employee of an employer by promising to compensate the employer for losses incurred as a result of the disloyalty or dishonesty of such individuals. It is most often sought by companies where employees are more likely to cause financial loss because of their constant exposure to cash, stocks or other assets.

Correct Answer: C. an antivirus

Correct Answer: D. buy in bulk, store and sell to retailers as desired

Correct Answer: A. Education and training

Correct Answer: A. billboard

Correct Answer: C. customs drawback

Correct Answer: C. bulky and heavy goods

Correct Answer: B. variable

Explanation

(a) Explanation of terms used in business:

(i)Goodwill: Is a term which describes the value of business connections and reputation acquired over the years. It is an intangible asset of the business.

(ii)Patents: This is the exclusive right of an inventor of a product over his invention in order to prevent others from copying the invention once it is dully registered.

(iii)Trade Mark:This is a distinctive name or symbol given to a product which is dully registered to prevent another person from using it.

(iv)Copy right:This is the exclusive right granted to artists, musicians and authors to prevent their works from being copied or reproduced without prior permission.

(b) Factors that can lead to the dissolution of companies:

(i) If the owners pass a resolution to wind up.

(ii) If the company owes than it can afford to pay/insolvency not bankruptcy.

(iii) If the creditors of the company decide to apply to court for its dissolution.

(iv) If the management continuously has problems and cannot jointly run their business.

(v) If the purpose for which the company was formed becomes illegal or expires.

(vi) If the court decides to close the company.

(vii) If the government decides to close the company.

(viii) If the company fails to comply with statutory provisions such as failure to commence business within a year of incorporation.

Correct Answer: A. Rent