Correct Answer: D. shares offered to existing shareholders at a cheaper price

Explanation

Right isues is an issue of shares offered at a special price by a company to its existing shareholders in proportion to their holding of old shares.

Correct Answer: C. resident of a country travel within it

Correct Answer: B. Consumerism

Correct Answer: D. Quotation

Correct Answer: A. current assets

Explanation

a - Slavery: the slave trade was a major hindrance to the growth of commerce in West Africa. It disrupted the social and economic structures of many Africa societies and led to a decline in trade.

- lack of infrastructure: the lack of roads, bridges, and other infrastructure made it difficult to transport goods from one place to another, which limited the growth of commerce.

- Disease: the prevalence of diseases such as malaria and yellow fever made it difficult for traders to operate in West Africa.

- Political instability: the frequent wars and conflicts between different ethnic ¡and kingdoms in West Africa disrupted trade and made it difficult for traders to operate.

- Colonialism: the imposition of colonial rule by European powers in the late 19th and early 20th centuries disrupted tradtional trade routes and practices and led to the exploitation of African resources for the benefit of European powers.

b[¡] - Oil driller = Industrial or extractive worker

b[¡¡] - Artisan or manufacturing worker

b[¡¡¡] -Tertiary worker

b[¡v] - industrial worker

b[v] -Tertiary worker

b[v¡] - Constructive worker

b[v¡¡] - Extractive worker

Explanation

(a) Production is the creation of utility. OR It is the creation of goods and services which satisfy human wants.

(b) Explanation of factors of production:

Land;

(i) Land is a free gift of nature.

(ii) Land is limited in supply. Land includes water, air, minerals, etc.

(iv) The reward for land is rent.

(v) Land is immobile.

Labour:

(i) Labour is the mental or physical human effort used in the performance of some tasks with a view to some reward.

(ii) The reward for labour is wages, commission or salaries.

(iii) Labour is mobile.

(iv) It can be improved upon by training.

Capital:

(i) It is wealth directed towards production of goods and services.

(ii) Capital include motor vans, premises, machinery, cash, stocks, etc

(iii) Interest is the reward for capital.

(iv) Capital is man made factor of production.

(v) Capital is mobile.

(c) Functions of an Entrepreneur

(i) He bears the risk of the enterprise.

(ii) He provides the capital needed to start the business.

(iii) He takes decisions on what to produce and how to produce them.

(iv) He determines the prices of the products and services.

(v) He organises and coordinates other factors of production so as to produce goods and services.

(vi) He introduces innovations and new ways of doing business.

Correct Answer: A. insurance

Correct Answer: C. Marketers

Correct Answer: D. packaging