Correct Answer: B. measure of value

Correct Answer: D. market research

Explanation

Market research is the study of consumers' demand by a firm in order to assist it in expanding its output and the marketing of its product. It is the systematic and objective search for and the analysis of information to guide managers in production and marketing.

Correct Answer: B. generate revenue for growth and development

Correct Answer: D. it fails to commence business within a year of its incorporation

Correct Answer: D) type and structure of the property to be insured

Explanation

Fire insurance is a type of insurance that provides coverage for damages caused by fire to a property. When you purchase fire insurance, you pay a premium, which is the amount of money you need to pay regularly to the insurance company to maintain your insurance coverage.

The major determinant of fire insurance premium is the type and structure of the property to be insured. This means that the cost of your fire insurance premium will depend on the characteristics and features of the property you want to insure.

For example, a property that is made of highly flammable materials or has a high risk of fire damage, such as a building with faulty electrical wiring, may have a higher insurance premium. On the other hand, a property that is made of fire-resistant materials or has fire prevention measures in place may have a lower insurance premium.

So, in summary, the correct answer to this question is Option D: type and structure of the property to be insured. This means that the characteristics and features of the property play a significant role in determining the cost of fire insurance.

Correct Answer: D. only a small amouynt of capital is needed to start the business

Correct Answer: A. brick laying

Correct Answer: B. is bound to redeem the note for cash on due date

Explanation

(a) A bill of Exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed, to pay on demand or at a fixed or determinable future time, a sum of money to the order of a specified person.

(b) The features of bill of exchange are:

(i) The bill must be addressed by one person to another/ the seller.

(ii) The bill must be signed by the drawer and finally signed by the drawee.

(iii) It must be in writing.

(iv) The amount on the bill must be written in both words and figures.

(v) The order must be unconditional.

(vi) The time of payment must be specified either on demand at a fixed or determined future date.

(vii) The bill requires the buyer to pay a stated sum of money on demand or in a fixed future date

(viii) it must be paid to the order of a specific person or to bearer.

(c) Parties to a bill are: (i) Drawer (ii) Drawee /Acceptor (iii) Payee/Drawer.

Correct Answer: D) II and III only

Explanation

Statement I: Companies must be registered as private limited liability companies. This means that in order to be admitted into the second-tier securities market, a company must be registered as a private limited liability company. This statement is about the legal structure of the company.

Statement II: Companies must have not less than 100 shareholders. This means that a company must have at least 100 shareholders to be eligible for admission into the second-tier securities market. This statement is about the number of shareholders a company must have.

Statement III: No shareholder may have more than 75% of issued share capital. This means that no single shareholder can own more than 75% of the total shares of the company. This statement is about the ownership distribution of the company.

From the given options, Option D: II and III only, is the correct answer. This means that the requirements for admission into the second-tier securities market are that a company must have not less than 100 shareholders and no shareholder may have more than 75% of the issued share capital.

It's important to note that Statement I is not a requirement for admission into the second-tier securities market, as it is not mentioned in the correct option.