Correct Answer: C. N 575,000

Correct Answer: A. market skimming

Correct Answer: B. money order

Explanation

(a) Functions of the Nigeria Export Promotion Council are:

(i) Export development activities: Develops of export, raw and semi-processed materials derived from agriculture and mining in Nigeria; adopts measures necessary to increase the volume of production from agriculture and industry; advises on quality control, packaging and product design to ensure acceptable standard of export.

(ii) Export marketing activities: Assesses performance of Nigerian export commodities in foreign markets; identifies barriers and restrictions against the growth of traditional markets for Nigerian exports; explores ways of penetrating into new markets; advises and supports private sector business firms to participate in overseas trade fairs; organises local exhibitions for Nigerian products.

(iii) Export financing and incentives: Evolves measures designed to make available greater export financing and investment; Provides export financing facilities, Insurance and Credit Guarantee schemes; assists exporters on export Cost and Pricing problems; advises on trade arbitration, shipping, freight and insurance.

(iv) Trade information services: Establishes and operates International Trade Information Centres to provide prompt trade information services; publishes trade journals and export directives; provides forum for the meeting of Exporters.

(v) Trade facilitation activities: Undertakes the review and simplification of existing export products.

(vi) Publicity for Nigerian Export Promotion Council /NEPC: Prepares and issues publications on the various activities of NEPC.

(vii) Training activities: Organises training workshops and seminars in export management and international marketing for the personnel and agencies engaged in foreign trade.

(b) The steps to be taken by an exporter to export goods from the receipt of an indent to the shipment of the goods are:

(i) The exporter must have obtained the necessary export documents in compliance with the Nigeria Export Promotion Council [ NEPC], since order had been received.

(ii) Arrangement for the goods to be shipped is the next step. e.g. packaging, labelling, arranging for the container through shipping agent e.t.c.

(iii) Making necessary contact with a shipping company and getting the necessary documents like shipping note, freight note, etc prepared.

(iv) On completion of the above, the exporter will now prepare a bill of lading covering the transaction in triplicates. One is dispatched to the importer, another to be retained by the exporter and the third given to the shipping company. At this stage, the goods are then shipped to the importer since payment must have be on C.W.O. basis. If not, the exporter should make arrangement to collect the payment.

Correct Answer: A. E & O.E

Correct Answer: B) Air Pollution

Explanation

Out of these options, the correct answer is air pollution (Option B). Air pollution is considered the most dangerous type of pollution because it can have significant negative effects on both human health and the environment.

Air pollution occurs when harmful substances, such as gases, particles, and chemicals, are released into the atmosphere. These substances can come from various sources, including industrial emissions, vehicle exhaust, and burning of fossil fuels.

Breathing in polluted air can lead to a range of health problems, including respiratory issues, cardiovascular diseases, and even cancer. It can also harm plants, animals, and ecosystems, affecting biodiversity and disrupting the balance of nature.

While other types of pollution, such as soil pollution, noise pollution, and water pollution, can also have negative impacts, air pollution is considered the most dangerous due to its widespread effects and the significant health risks associated with it.

Therefore, the correct answer to this question is Option B: Air Pollution.

Correct Answer: C. credit and thrift society

Correct Answer: B) provide essential services

Explanation

Public corporations are government-owned entities that are created to carry out specific functions and provide services to the public. These corporations are usually established to provide essential services, such as transportation, communication, healthcare, education, and utilities like electricity and water supply.

Option B, provide essential services, is the correct answer because the main purpose of establishing a public corporation is to ensure that these important services are available to the public. The government takes control of these services to ensure that they are accessible, affordable, and of good quality for the benefit of the citizens.

Options A, C, and D are not the main purposes for establishing a public corporation. While public corporations may create employment opportunities, their primary objective is not to provide employment (Option A). Making profit (Option C) is not the main goal of public corporations, as they are not driven by profit maximization but rather by providing services in the public interest. Lastly, establishing a monopoly (Option D) is not the purpose of a public corporation as monopolies restrict competition and can lead to inefficiencies in service provision.

In summary, the main purpose for establishing a public corporation is to provide essential services to the public.

Correct Answer: A. After-sales service

Correct Answer: A. gross profit