Correct Answer: C) MAN

Explanation

MAN stands for Manufacturers Association of Nigeria. It is an organization that represents manufacturers in Nigeria and ensures that they adhere to professional ethics in their operations. This means that they follow certain standards and guidelines to maintain integrity, honesty, and fairness in their business practices.

SON, on the other hand, stands for Standards Organization of Nigeria. It is responsible for setting and enforcing standards for products and services in the country. NPF refers to the Nigeria Police Force, which is responsible for maintaining law and order. NAFDAC is the National Agency for Food and Drug Administration and Control, which regulates and controls the manufacture, importation, exportation, advertisement, distribution, sale, and use of food, drugs, cosmetics, medical devices, chemicals, and packaged water in Nigeria.

So, in this question, the correct answer is MAN, as it is the body that ensures its members operate according to their professional ethics

Correct Answer: C. Vending Machine

Correct Answer: D. Profit making

Correct Answer: D. helps to promote research on behalf of members

Explanation

(a) An advertising medium is a means through which information about goods and services is sent to the public or target audience.

(b) Advertising media include:

(i) Press or print media which include newspapers and magazines.

(ii) Radio

(iii) Television

(iv) Poster/hand bills/hoarding

(v) Window and point of sale display

(vi) Cinema

(vii) Neon signs

(viii) Car cards and stickers

(ix) Canvassing

(x) Catalogues

(xi) Free samples

(xii) Loudspeakers

(xiii) Internet

(c) The factors that affect choice of media are:

(i) The target audience- whether male or female - and the purchasing power of the group.

(ii) The age group which the medium attracts.

(iii) The cost of using a particular medium

(iv) The geographical areas covered by the medium

(v) The number of people reached by the medium

(vi) The media used by competitors or others in the same trade

(vii) The media available in a particular area.

(viii) The type of products involved.

(ix) Government regulations.

(x) Religious and cultural affiliations of the target audience.

Correct Answer: B) Selling to the final consumers

Explanation

Option A states that retailers operate as sole proprietors. This means that they are the sole owners and managers of their businesses. While many retailers do operate as sole proprietors, it is not a feature that is common to all retailers. Some retailers may operate as partnerships or corporations.

Option B states that retailers sell to the final consumers. This means that they sell products directly to individuals who will use or consume them. This is indeed a feature that is common to all retailers. Retailers are the final link in the supply chain, selling products to the end-users.

Option C states that retailers operate with small capital. While some retailers may start their businesses with small capital, it is not a feature that is common to all retailers. Retailers can operate with varying amounts of capital depending on the size and nature of their businesses.

Option D states that retailers sell on hire purchase to consumers. Hire purchase is a type of installment plan where consumers can buy products and pay for them in installments over time. While some retailers may offer this option, it is not a feature that is common to all retailers. Many retailers sell products for immediate payment.

Based on the options provided, the correct answer is Option B: Selling to the final consumers. This is a feature that is common to all retailers as they are the ones who directly sell products to individuals for their personal use or consumption.

Remember, it's important to understand the various features and characteristics of retailers as they play a crucial role in the distribution of goods and services to consumers.

Correct Answer: A. it can go ahead and start business

Correct Answer: A) Profits

Explanation

Profits are the financial gains that a business or individual receives from their investments or activities. It is the excess of revenue over expenses. In other words, it is the money that is left after deducting all costs and expenses.

Salaries are fixed regular payments made to employees for their work. It is usually paid on a monthly basis and is determined by factors such as job position, level of experience, and the company's salary structure.

Wages, on the other hand, are payments made to workers for the hours they have worked. It is usually based on an hourly rate or a piece-rate system, where workers are paid for the number of units they produce.

Allowances are additional payments made to employees to cover specific expenses or provide extra benefits. For example, travel allowances may be given to cover transportation costs, or housing allowances may be provided to help with accommodation expenses.

Now, looking at the options, the correct answer is Option A: Profits. Profits are not directly given as a reward for labor. Instead, profits are the returns earned by the owner or the shareholders of a business. Profits are generated from the revenue generated by the business, after deducting all expenses including labor costs.

To summarize, profits are not a direct reward for labor, but rather the returns earned by the owners or shareholders of a business. Salaries, wages, and allowances are the more direct rewards for labor.

Note: It is important to understand that in some cases, employees may also receive a share of the profits in the form of bonuses or profit-sharing schemes. However, this is not the primary or guaranteed reward for their labor.

Correct Answer: C. bear

Explanation

A bear market is a period of several months or years during which securities prices consistently fall. A bear sells securities with the expectation that, the prices of the said security may fall in the nearest future

Correct Answer: D. demurrage payable