Correct Answer: B. The type of business

Correct Answer: D. Government bonds

Correct Answer: B. shareholders right

Correct Answer: D) Brand of vehicle

Explanation

The value of goods being transported is also an important factor. If the goods are valuable or fragile, people might choose a more secure and reliable means of transport, such as a courier service or an armored truck. On the other hand, if the goods are not valuable, people might choose a cheaper and less secure means of transport, such as regular mail or a normal truck.

Urgency is another factor that influences the choice of a means of transport. If something needs to be delivered quickly, people might choose to use a faster means of transport, such as an express delivery service or a plane. If there is no urgency, they might choose a slower means of transport, such as regular mail or a regular truck.

However, the brand of the vehicle does not usually influence the choice of a means of transport. When people are deciding how to transport something, they are more concerned with factors like distance, value of goods, and urgency, rather than the brand of the vehicle. Therefore, the correct answer is Option D: Brand of vehicle.

To learn more about this topic, please read the relevant sections of the recommended textbooks.

Correct Answer: A. store of value

Explanation

(a) Differences between hire purchase and deferred payments are:

(i) In hire purchase, the seller retains ownership until the final installment is made whereas in the buyer becomes owner of the goods as soon as initial deposit is made.

(ii) Durable goods are sold under hire purchases whereas less durable goods are sold under deferred payment.

(iii) Hire purchase terms favour the seller whereas deferred payment terms favour the buyers.

(iv) The hire purchase price is higher than the price charged in deferred payment terms.

(v) if the hirer defaults in payment, the seller can repossess the goods, whereas the seller cannot repossess the goods; he may sue the buyer to the court for the balance in deferred payment.

(vi) in hire purchase, the goods are on hire, whereas the goods are sold and to be paid for in future in deferred payment term.

Similarities between hire purchase and deferred payment are:

(i) The same type of goods such as durable capital goods e.g. motocycle may be obtained on either hire purchase or deferred payment terms.

(ii) The goods pass from the seller to the hirer/buyer. Both take possessions of the goods.

(iii) The hirer/buyer may start making use of the goods as soon as he takes possession.

(iv) Full payment of the agreed price is not required immediately, so both accommodate installment payments and give credit facilities.

(b) A trader would prefer the use of cheque to cash for large payments for the following reasons:

(i) It is more convenient to carry about than carrying cash.

(ii) It is safer to carry a cheque than cash in terms of security.

(iii) It saves time and energy to pay a large sum by cheque. Imagine counting one million naira in cash to pay a creditor.

(iv) If a cheque is lost, it is easier to trace than when a large amount of cash is lost.

(v) Cheque stubs help the drawer to keep record of payment. This helps to eliminate arguments that may arise later.

(vi) Large amount of cash are prone to loss through robberies or carelessness. These risks are eliminated through the use of cheques.

(vii) The trader who draws a cheque can stop payment of the cheque by the bank before it is cashed. This is a safeguard in case of fraud or breach of agreement on which the cheque was issued.

Correct Answer: C. expected rate of returns on an investment

Correct Answer: C) It is duly registered by the registrar of companies

Explanation

A listed company is a company whose shares can be traded on the stock exchange. This means that the company has met certain requirements and has been approved to have its shares bought and sold by investors on the stock market. Being listed on the stock exchange provides the company with greater visibility, liquidity, and access to capital. It also means that the company is subject to certain regulations and reporting requirements to ensure transparency and protect the interests of investors. Therefore, option A, its shares can be traded on the stock exchange, is the correct answer. Options B, C, and D are incorrect because they do not accurately describe what it means for a company to be listed.

Correct Answer: B. receiver

Correct Answer: B. it offers steady employment opportunities