Correct Answer: C. the relationship between export and import prices

Correct Answer: A. nationalization

Explanation

(a) Sources of Credit Available to a Sole Trader: (i) Loans. (ii) Overdraft. (iii) Hire purchase. (iv) Trade credit (v) Leasing of equipment. (vi) Credit card. (vii) Revolving credit.

(b) Explanation of the Following Credit instruments: (1) Acceptance credit:-This is a method of borrowing where the company draws a cheque for banks to accept so that the company will discount the cheque on the money market. (ii) Luncheon Voucher:- These are vouchers purchased at a discount by companies to be given to staff to cover lunch allowance as motivation. (iii) Bill of exchange:- It is an unconditional order in writing addressed by one person to another, signed by the person giving it, requiring the person to pay a sum certain in money to the order of the specified person or bearer at a fixed or determinable future time.

(c) Advantages of hire purchase to the seller: (i) The seller retains ownership of goods until full payment is made. (ii) Profit will increase as a result of increase in sales (iii) It increases the rate of turnover. (iv) Goods could be reprocessed if payment fails. (v) There would be Increase in cash flow for the seller if the hire purchase is externally financed. Disadvantages of Hire Purchase to the Seller: (i) It may lead to litigation. (ii) It leads to tying down huge capital. (iii) The buyer may abscond with the goods. (iv) There could be high cost of recovering the debt. (v) If the customers fail to pay their debts, it turns out to be bad debt. (vi) Continuous disagreement during recovery of debts Could create a bad image for the company, (vii) Goods repossessed may be difficult to be resold.

Correct Answer: D) receive dividends at a predetermined rate

Explanation

Option A states that ordinary shareholders have the right to vote at annual general meetings. This means that they can participate in the decision-making process of the company by voting on matters such as the election of directors, approval of financial statements, and other important issues.

Option B states that ordinary shareholders have the right to elect the board of directors. This means that they have a say in selecting the individuals who will oversee the management of the company and make important decisions on their behalf.

Option C states that ordinary shareholders have the right to participate in additional issues of shares. This means that they have the opportunity to purchase more shares in the company if the company decides to issue more stock. This allows them to further invest in the company and potentially increase their ownership stake.

Option D, which is the correct answer, states that ordinary shareholders do not have the right to receive dividends at a predetermined rate. Dividends are the portion of a company's profits that are distributed to its shareholders. While ordinary shareholders are entitled to receive dividends, the rate at which they are paid is not predetermined. Instead, it is determined by the company's board of directors and is usually based on the company's financial performance and available funds.

In summary, ordinary shareholders have the right to vote at annual general meetings, elect the board of directors, and participate in additional issues of shares. However, they do not have the right to receive dividends at a predetermined rate.

Correct Answer: C. diversification

Correct Answer: A. open market operation

Explanation

Open market operations (OMOs) are the central bank's primary tool of monetary policy. If the central bank wants interest rates to be lower, it buys bonds. Buying bonds injects money into the money market, increasing the money supply.

Correct Answer: A. Deed of Agreement

Correct Answer: D. mobile shop

Explanation

The functions of marketing are:

(i)Risk bearing: This involves anticipating business risks and taking appropriate measures to reduce their impact by taking the necessary insurance cover.

(ii)Financing: This covers the provision of funds throughout the period of production to the point of selling through loans and credit facilities.

(iii)Storage/Warehousing: This makes it possible for goods to be produced ahead of demand so that they can be available when needed.

(iv) Buying/Selling/Exchange:This covers purchase of raw materials and goods from so many sources and transfer of ownership of such goods to the consumer at the right quality.

(v)Grading and Standardizing: It involves ensuring that the goods conformed to the required standard and quality with respect to shape, colour, taste, etc.

(vi)Marketing Information Research:This involves collection of information from many sources and dissemination to producers and distributors.

(vii)Transportation: This covers movement of goods from where they are produced to the point where they are required.

(viii)Pricing: Marketing, assisting in fixing price at a level reasonable enough to give profit to the company.

Correct Answer: B. entrepreneur

Explanation

Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit.