Correct Answer: C. subscribed

Correct Answer: B) a retailing business

Explanation

Out of these options, the best choice for a sole enterprise to flourish would be a retailing business. Retailing involves buying products from wholesalers or manufacturers and selling them directly to consumers. This type of business is well-suited for a sole proprietor because it doesn't require a large investment or specialized skills. Retail businesses can be operated on a small scale, such as a neighborhood grocery store or a boutique clothing shop.

On the other hand, options like a mining business, an oil exploration business, or a car assembly business typically require significant capital investment, specialized knowledge, and a larger workforce. These types of businesses are more complex and may not be suitable for a sole enterprise unless the individual has extensive experience and resources.

Therefore, based on the options provided, a retailing business is the most likely to flourish as a sole enterprise. It offers a lower barrier to entry and can be operated on a smaller scale compared to the other options.

Please note that the answer provided is based on the options given in the question. It's important to consider that the success of a business depends on various factors such as market demand, competition, location, management skills, and financial resources. To learn more about starting and operating different types of businesses, it is recommended to refer to the relevant sections of the recommended textbooks.

Correct Answer: C. co-operative society

Correct Answer: B. contribution

Explanation

The contribution principle in insurance is a rule that specifies what happens when a person buys insurance from multiple companies to cover the same event, and that event occurs. The contribution principle of insurance states that if a risk is insured by multiple carriers, and one carrier has paid out a claim, that carrier is entitled to collect proportionate coverage from other carriers.

Correct Answer: D) bonded warehouse

Explanation

When goods are discharged from ships and import duties have not been paid, they are kept in a bonded warehouse. A bonded warehouse is a special type of warehouse where imported goods can be stored without paying import duties or taxes until they are needed or until the duties and taxes are paid. This allows businesses to store goods and defer the payment of import duties until they are ready to sell or distribute the goods.

In a bonded warehouse, the goods are under the control of customs authorities and cannot be removed without their permission. This ensures that the duties and taxes will be paid before the goods are released for sale or distribution. It provides a way for businesses to store imported goods securely and legally without immediately paying import duties.

Therefore, the correct option for this question is option D: bonded warehouse.

Explanation

(a) The Functions of Advertising:

(i) Makes consumers aware of the existence of products, services or ideas.

(ii) Informs people where to obtain goods and services.

(iii) Helps in bringing buyers and sellers together.

(iv) Educates people on how to make use of the products or services.

(v) Helps people to choose from variety of goods in the market.

(vi) Persuades people to patronize a specific product.

(vii) Creates and sustain demand for new products.

(b) (i) Merits of Newspaper Advertising.

(i) The information on advertisement can be stored by keeping the newspaper.

(ii) People see the picture of what they are called upon to buy.

(iii) They can read and copy down the uses of such product.

(iv) People can read and know where the products are obtainable.

(v) It can be presented in local languages.

(b)(ii) Demerits of Newspaper Advertising.

(i) Only those who are literate can read printed advertisement in the papers.

(ii) The picture may distort or hide the actual nature of the product, for example, the colour may not be projected.

(iii) It has limited coverage as it cannot reach some areas.

(iv) It is an expensive form of advertisement.

Correct Answer: D. a delivery note

Correct Answer: A. cash, work-in-progress and debtors

Correct Answer: D. 1964

Correct Answer: C. Hull insurance