Correct Answer: C. specific goods

Correct Answer: C. Redeemable debenture

Explanation

(i)Distinction between shares and debentures / ordinary shareholders and preference shareholders

(b) Reasons for winding up a company:

(i) If the company passes a resolution to wind up.

(ii) If the company fails to commence business within a year after its incorporation.

(iii) If the number of shareholders falls below the statutory level.

(iv) If the company is insolvent.

(v) If the creditors decide to apply for dissolution.

(vi) Continuous disagreement between the directors over the management of the company.

(vii) A company can be wound up by the order of a court.

(viii) If the company's objective becomes illegal.

(ix) If the company cannot meet up with the capital requirement for the line of business.

Explanation

(a)(i) Hull Insurance voyage or Time Policy:This is a policy taken by the ship-owner to cover the hull of the ship which includes the machinery, against total damage or total loss by storm, collision, fire, stranding or other perils of the sea. Such a policy may be for a specific time or journey.

(ii)Cargo Insurance:This is a policy taken to cover loss at sea or damage to cargo while in transit. Cargo insurance is very vital in import and export trade as it gives confidence to importers and exporters to engage in foreign trade. It covers the cargo against all perils at sea, including piracy. It is usually a valued policy based on the value stated on the invoice.

(iii)Freight Insurance:This is a policy taken to cover against non-payment of charge for carrying cargo. Freight is normally paid in advance to the ship-owner. Where freight is paid on delivery of the cargo, it will be necessary for a cover against loss of freight should the cargo get lost before reaching the destination.

(iv)Ship-owners' liabilities: The liability of ship-owners include the cargo, passengers, crew, fixed installations at wharves and beaches liable to be damaged by the action of the ship. Claims arising from any or all of these are covered by the ship-owner's insurance liability.

(b)Indemnity Insurance; is the one in which the insured is restored to the position he was before the occurrence of the incident by compensation while non-indemnity insurance indicates that the insured cannot be restored to his former position for in case of death or accident, the insured cannot be brought back to life, or a lost limb replaced. Non-indemnity Insurance is not aimed at equating the loss with the compensation Examples of Non-Indemnity Insurance are: Life assurance/death, Sickness, Personal Accident Insurance. Indemnity Insurance include: Fire, Marine, Burglary, etc.

Correct Answer: D) Digital

Explanation

The correct answer is Option D: Digital.

A digital computer is a type of computer that uses discrete numbers, such as 0s and 1s, to represent and process information. These computers use a binary system to perform calculations, where data is represented using a series of bits. Each bit can have a value of either 0 or 1, and these values are used to perform mathematical operations such as addition, subtraction, multiplication, and division.

Digital computers are the most common type of computer used today. They are used in a wide range of applications, from personal computers and smartphones to large-scale mainframe computers. Digital computers are known for their accuracy and precision in performing calculations, making them well-suited for tasks that require high levels of mathematical processing.

In contrast, the other options in the question are not correct:

- Option A: Mainframe refers to a type of large and powerful computer that is often used by organizations to process large amounts of data and support multiple users simultaneously. However, the term mainframe does not specifically refer to a type of computer that performs mathematical calculations using discrete numbers.

- Option B: Analogue refers to a type of computer that uses continuous signals to represent and process information. These computers operate based on physical properties such as voltage or current, rather than discrete numbers. Analogue computers are less common today and are often used for specialized tasks such as simulations or scientific experiments.

- Option C: Hybrid refers to a computer system that combines characteristics of both digital and analogue computers. These systems may use digital components for certain tasks and analogue components for others. However, the term hybrid does not specifically refer to a type of computer that performs mathematical calculations using discrete numbers.

Therefore, the correct answer to the question is Option D: Digital.

Correct Answer: C. exchange rate

Correct Answer: B. Pictures cannot be transmitted

Correct Answer: C. III, V, VI and VIII

Correct Answer: C. buyer is the king

Explanation

Consumer sovereignty; is the situation in an economy where the desires and needs of consumers control the output of producers.

Correct Answer: D. Material production product