Correct Answer: D. dock warrant

Explanation

A dock warrant is an instrument issued by a ware housekeeper, licensed by the state to traders who deposit goods with them. A dock warrant certifies that the holder is entitled to goods imported and warehoused in the docks.

Correct Answer: B. 15 times

Correct Answer: A) Furniture

Explanation

A non-consumable item is something that is not used up or depleted quickly and can be used over a long period of time. It is something that is durable and can be used repeatedly without needing to be replaced frequently.

Let's look at the options given:

Option A: Furniture - Furniture is a non-consumable item in the office. It includes items like desks, chairs, cabinets, and shelves that are used for storage and organization. Furniture is expected to last for a long time and does not need to be replaced frequently.

Option B: Loose sheets - Loose sheets are consumable items in the office. They are used for writing or printing and are usually used up or discarded after they have been used.

Option C: Office pins - Office pins are consumable items in the office. They are used for pinning documents or papers together and are typically used up or lost over time.

Option D: File tags - File tags are consumable items in the office. They are used for labeling or organizing files and are usually used up or replaced when they become worn or damaged.

Based on this information, we can conclude that option A, furniture, is the correct answer as it is a non-consumable item in the office.

To learn more about this, please read the relevant sections of the recommended textbooks.

Correct Answer: C. land, labour, capital and entrepreneur respectively

Explanation

Different classes of shares a public limited company can issue are:

(i) Ordinary shares

(ii) Cumulative preference shares

(iii) Preference shares

(iv) Participating preference shares

(v) Redeemable preference shares.

(vi) Differed or founder's shares.

(i)Ordinary shares; are also known as " equities" as they rank equally. Holders are the real owners of public limited companies. They receive dividends only after other fixed interest holders have been paid. Holders of ordinary shares can vote and be voted for. Ordinary shares are not redeemable and there is no fixed rate of dividend.

(ii)In cumulative preference shares; the holders have priority in the share of dividends over others. They get arrears of dividends not paid before other classes get dividends. The holders have no voting right. The shares receive fixed dividend.

(iii)Preference shares; have fixed rate of dividend. The owners receive dividend first before all others. The holders are also entitled to return of capital first at winding-up. Holders have no voting right.

(iv)Participating preference; shares receive fixed rate of dividend like other preference shares. They also get dividends first before the ordinary shares. They are entitled to further dividend after the ordinary shares have received a specified percentage of the profits.

(v)Redeemable preference;shares have prior claims before all other preference shares. They have the disadvantage of being bought back by the company. Hence, the name, redeemable. The companies use their profits or proceeds of further issue: shares to buy back these shares. This type of shares are issued to finance particular projects to be repaid when project is completed.

(vi)Differed or Founder's shares;are issued to the founders of the company. They are no Ionger common in public limited company. Holders have right to the remaining profit after ordinary shares have receive stated amount. They are often issued as a part payment to the owners of a company that have been bought up.

Correct Answer: C. insurance priority

Explanation

Commerce is very important in the life of any nation because of the following reasons:

(i) Commerce promotes rapid transfer of both oral and written messages through communication.

(ii) Commerce facilitates exchange of goods and services which people all over the nation enjoy whether produced within or outside their own nation.

(iii) The extent of commercial activities determines the wealth/standard of living of a nation.

(iv) Commerce makes for the protection against risk in day - to - day business operations.

(v) Commerce creates an awareness of the existence of goods and services through advertising.

(vi) Commerce ensures that goods produced are stored until needed, thus making sure that there is steady supply of goods for the nation.

(vii) Commerce offers employment to very large number of people in a nation as retailers, wholesalers and bankers.

(viii) Commerce assists people to have money through financial institutions

Correct Answer: A) the standard of living of the indigenes is improved

Explanation

Option A states that the standard of living of the indigenes is improved. This means that when ownership and control of businesses are transferred to the nationals, it can lead to increased employment opportunities and higher wages, which can improve the standard of living for the people of the country.

Option B states that the economy is controlled by the nationals. This means that indigenization allows the nationals to have more control over their own economy, which can lead to better decision-making and allocation of resources.

Option C states that entrepreneurial skills are developed. Indigenization can encourage the growth of local entrepreneurship as nationals take ownership and control of businesses. This can lead to the development of skills and innovation among the local population.

Option D states that foreigners' domination is avoided. Indigenization aims to reduce the dominance of foreign individuals or companies in the country's economy, allowing the nationals to have more control and benefit from their own resources.

Out of the given options, the least important advantage of indigenization is the improvement of the standard of living of the indigenes (Option A). While this is an important outcome, the other advantages listed, such as control over the economy, development of entrepreneurial skills, and avoidance of foreigners' domination, have broader and more significant implications for the country as a whole.

So, the correct answer is Option A: the standard of living of the indigenes is improved, which is the least important advantage of indigenization among the given options.

Explanation

(a) Marine Insurance; is the type of insurance that covers possible losses in respect of ships and goods against the perils of the sea. In foreign trade all goods carried by sea including ships must be covered by marine insurance. Marine insurance policies include Hull, Time , Voyage and Cargo. etc.

(b) Accident Insurance; makes provision for compensation against injuries or hazards which may be due to a person or group of persons. It includes personal accidents, employees liability, accident to properties.

(c) Group Insurance Policy; is taken to cover a number of people instead of issuing each person with a separate policy. This type of insurance can also be taken to cover a group of workers in a company. For instance, if a football team is covered by a group insurance, each will be compensated.

(d) Export Credit Guarantee insurance; is normally taken to cover exporters against the risk of incurring bad debts as a result of selling goods to customers overseas. It also covers risks arising from exchange restrictions and diversion of voyage leading to loss of goods.

(e) Fire Insurance policies; cover all types of risks occasioned by fire to the property during the period covered by the policy. Losses caused by fire may involve a complete loss of the building, factories, shops, etc.

Explanation

(a) Functions of the Stock Exchange are:

(i) The stock exchange helps companies to raise capital needed for their business operations.

(ii) The government can also raise capital through members of the public when it issues government bonds. These bonds are sold in the market.

(iii) The stock exchange provides professional advice on the selection and management of investments.

(iv) It makes it possible for investment to be converted into cash.

(v) An investor is able to transfer his shares to another person through the stock exchange.

(vi) Prices quoted on the stock Exchange Market serves as a yard stick with which to measure the good will of a company.

(vii) Prices of shares and securities are determined by the stock exchange based on the forces of demand and supply.

(viii) It is a market for buying and selling of securities.

(ix) The market assists a private company to go public without issuing new shares.

(x) It renders agency services by buying and selling securities on behalf of investors, firms, governments etc.

(b) Types of Securities traded in the stock exchange are:

(i) Stock (ii) Shares (iii) Debentures (iv) Government stock i.e Gilt-edged securities. (v) Bonds.