Correct Answer: D. cost, insurance and carriage

Correct Answer: D. 9

Explanation

Today the Niger Basin Authority is a regional economic institution formed by nine countries of West Africa and Central Africa: Benin, Burkina Faso, Cameroon, Chad, Ivory Coast, Guinea, Mali, Niger, and Nigeria.

Correct Answer: A. default

Correct Answer: B) Goldsmiths

Explanation

The question is asking about the origin of paper money. Paper money originally started as receipts given by certain groups of people. Out of the given options, the correct answer is Option B: Goldsmiths. Goldsmiths were one of the groups of people who issued receipts that could be exchanged for gold or silver. These receipts eventually evolved into paper money as we know it today. Traders, money lenders, and thrift societies were not directly involved in the origin of paper money. Traders typically exchange goods, money lenders provide loans, and thrift societies are organizations that encourage saving and provide financial services to their members. So, in summary, paper money originated from receipts given by goldsmiths. They would issue these receipts that could be exchanged for precious metals, and over time, these receipts evolved into the paper money we use today.

Explanation

a. A second-tier security market is a market where securities of companies that cannot be traded in the first-tier security market are quoted.

b. Advantages of the second-tier market

i. It is an avenue for companies to raise more capital.

ii. It assists and compliments the efforts of the stock exchange market by buying/ selling the shares of companies which cannot be traded on the stock exchange market.

iii. It ensures the survival and development of companies without fear of liquidation in the short run.

iv. It provides financial advices to companies in areas of profitable investments.

v. It helps companies to save advertising cost when shares are floated.

c. Requirement for trading in a second-tier security market

i. The company must be incorporated as a public limited company.

ii. The shareholders must not be less than 100.

iii. The company must sign a general undertaking with the stock exchange market.

iv. It must make available at least 10% of its equity share to the investing public.

v. The financial statement of the company for three years must be submitted to the stock exchange.

vi. A shareholder will not be allowed to either directly or indirectly acquire more than 75% of the issued capital.

Correct Answer: C) Fad

Explanation

Fashion refers to popular styles or trends that change over time. For example, clothing styles can change from season to season, with new trends emerging and old ones fading away. Fashion can have a significant influence on consumer behavior, but its effect is not necessarily short-lived. Some fashion trends can last for years.

Innovation refers to the creation and implementation of new ideas, products, or processes. When a new innovation is introduced, it can have a lasting impact on consumer behavior. For example, the invention of smartphones revolutionized the way people communicate and access information. The effect of innovation is typically long-term rather than short-term.

A fad, on the other hand, is a short-lived trend or craze that quickly gains popularity but fades away just as quickly. Fads can be related to fashion, entertainment, technology, or any other area of interest. Examples of fads include popular toys, viral internet challenges, or short-lived fashion trends. While fads can have a significant impact on consumer behavior, their effect is usually short-lived.

An attribute refers to a characteristic or feature of a product or service. Attributes can influence consumer preferences and purchasing decisions, but their effect is not necessarily short-lived. For example, if a smartphone has a long battery life, it may attract more consumers who value this attribute. The effect of attributes can be long-lasting depending on the importance of the attribute to the consumer.

Based on the options given, the correct answer is Option C: Fad. Fads have the shortest effect on the consumer as they quickly gain popularity and fade away. This is in contrast to fashion, innovation, and attributes which can have a longer-lasting impact on consumer behavior.

In summary, while fashion, innovation, fads, and attributes can all influence consumer behavior, fads have the shortest effect on the consumer as they quickly come and go in popularity

Explanation

(a) Reasons for consumer protection are:

(i) Incorrect weight and measures of goods offered for sale: Some goods are offered for sale without sellers considering the prescribed weight or quantity e.g petrol and grains.

(ii) Misleading advertisement: Many claims made by advertisers about the performance of their products are not correct Such false adverts are deceptive.

(iii) Unreasonable high prices: Prices of certain goods are so high that it may be impossible to buy such items.

(iv) Sub - standard goods: Some goods are produced without taking into consideration the quality desired.

(v) Credit purchase agreement: Consumers are often not well informed about the details of such agreement.

(vi) Sales of harmful food and drugs: Consumers need protection to ensure that goods offered for sale do not :ontain dangerous chemicals or damaging side effect.

(b) Government legislations aimed at protecting the consumers are:

(i) Weight and Measures Act helps to prevent the use of incorrect weight and measures.

(ii) The Trade Description Act is aimed at checking misleading advertising.

(iii) Hire Purchase Act is aimed at protecting the rights of the consumers.

(iv) Price Control Act is aimed at controlling prices.

(v) Standard Organization Acts.

(vi) Foods and Drugs Act protects consumers against harmful goods.

(vii) Sales of Goods Act of 1893.

(viii) Consumer Credit Act of 1974.

Explanation

a - storage of goods

- protection of goods

- risk bearing

- financing

- processing

- grading and branding

- transportation

b[¡] - Multiple store locations, often spread across different regions or even countries.

- uses a standardized branding and store design across all locations, giving a consistent customer experience.

b[¡¡] - Operates out of a vehicle or a portable structure, allowing it move to different locations.

- Typically focuses on a specific product or niche, such as mobile phones or accessories

b[¡¡¡] - Uses catalaogs, websites, or other printed and digital materials to advertise and sell products to customers

who place orders remotely.

- Often offers a wide range of products to cater to diverse customer needs and preference

.

Correct Answer: A. They have no voting rights at annual general meetings

Correct Answer: D. mobility