Correct Answer: C. Admission of new partners

Correct Answer: D. letter of credit

Correct Answer: C. stale cheque

Correct Answer: D. visible imports exceed visible exports

Correct Answer: D. courier services

Explanation

a.Tourism is the practice which involves the visiting of people to places of interest for recreational, leisure or business purposes.

Tourism can also be defined as the activities of people travelling to and staying in places outside their usual environment for leisure, business, or other purpose.

- Tourism revenue leaks out of the local economy due to the presence of multinational companies or foreign-owned businesses.

- Seasonality nature of tourism can lead to instability in local economies, making it challenging for businesses to sustain themselves throughout the year and causing fluctuations in employment opportunities.

- Overlly dependent on tourism as its primary source of income makes the place vulnerable to external factors such as economic downturns, political instability, natural disasters, or changes in travel patterns especially when there is a decline in tourist arrivals.

b[ii] - Tourism development can lead to social disruptions within local communities.

- Rapid tourism development can erode tradtional values, customs, and cultural practices.

- Tourism can lead to the exploitation of local cultures and tradtions

b[iii] -Tourism can contribute to various forms of pollution, including air, water, and noise pollution

- The development of tourism infrastructure such as hotels, resorts, roads, and recreational facilities can result in habitat destruction and fragmentation.

- High tourist concentrations in water-stressed areas can strain local water resources due to excessive water extraction for hotels, swimming pools,golf courses and other tourist amenities.

c[i] - Tourism can be a significant driver of economic growth, contributing to increased business opportunities, job creation, and income generation.

- Tourism can generate foreign exchange earnings through spending by international visitors.

- Tourism offers opportunities for diversifying an economy beyond traditional industries.

- Tourism provides a platform for small-scale businesses and entrepreneurs to thrive

c[iii] - Tourism can create economic incentives for the conservation and preservation of natural areas, including national parks, wildlife reserves and protected habitats

Correct Answer: A. Accident Insurance

Explanation

a. Factors to be considered by Mr. Touray in locating his shop

(i)Availability of capital:He must consider the amount of money at his disposal for payment of rent, fixtures and stocking of the products.

(ii)Nearness to customers:He must locate his shop where there is demand for his goods.

(iii)Sources of supply of products - The location his shop should be very close to where he can obtain goods with ease.

(iv)Nature of goods: The nature of goods is equally important whether it will be for example, Children's items or foodstuff.

(v)Level of competition:He should consider the number of other traders in the same line of business in the location.

(vi)Accessibility: He should consider the availability of accessible roads to his business premises.

(vii)Government policy: He should consider government policy if any, with regards to location of such business.

(viii) Availability of infrastructure: He should consider the availability of infrastructure such as water and electricity to support the business.

b. Ways a wholesaler can aid Mr. Touray business

(i) All information and advice about the goods and services are gathered from the producers by the wholesalers and then forwarded to Mr. Touray.

(ii) The wholesaler could create awareness of the goods by advertising them and engaging in sales promotion on behalf of Mr. Touray.

(iii) The wholesaler could help Mr. Touray by stocking varieties of goods produced or bought from different manufactures.

(iv) The wholesaler will buy in large quantity and sell in small units to Mr. Touray.

(v) The wholesaler could grant credit facilities to Mr. Touray in order to enable him stock assorted goods at a time.

(vi) The sorting, grading and packaging of goods could be done by the wholesaler to facilitate Mr. Touray's purchases.

(vii) The wholesaler could convey goods to Mr. Touray's shop at no extra cost.

(viii) By storing the goods in the warehouses for some time, this helps to stabilize prices to the advantage of Mr. Touray.

(ix) The wholesaler could sell at a discount to encourage him to buy more and make profit.

Correct Answer: B. An insurance company constant in lace of the insured in dealing with third party.

Correct Answer: B. re-insurance