Correct Answer: A. brings confusion on the choice of goods

Correct Answer: D. marketing concept

Correct Answer: D. credit note

Explanation

(a) Functions of a Stock Exchange:

i. Provision of rules and regulations: It provides rules and regulations that will guide smooth operation on the floor of the stock exchange.

ii. Provision of professional advice: It provides professional advice/information to investors on sales and management of securities.

iii. Allowing forces of demand and supply: It allows forces of demand and supply to fix the prices of securities of quoted companies/evaluation of existing shares.

iv. Facilitation of the transfer of shares: It facilitates the transfer of shares from owners to investors. Investors who want to withdraw from one company to another can do so without hindrance. Investors can buy and sell old securities.

v. Providing an avenue for the government to raise funds: It provides an avenue for the government to raise funds to execute projects in their various states through the issue of bonds.

vi. Instilling discipline: It instills discipline in the operations of quoted companies.

v. Ensuring good reputation of quoted companies: It ensures that companies quoted have a good reputation. This will gear up companies to perform well or maintain a high standard.

vi. Allowing quoted companies to raise funds and capital: Quoted companies raise funds and capital by selling shares, bonds, stocks, and debentures in the stock exchange market.

(b) Types of securities traded on the Stock Exchange:

i. Debentures: This is an official document that is given by a company, showing it has borrowed money from a person and stating the interest payments that it will make to them. Or This is a document that acknowledges a loan generally under the company's seal, bearing a fixed rate of interest. Or It is a document that usually gives security for repayment of loans as well as the interest and can be described as a document setting out the terms Of a loan t0 a company, 1.e. certificate of indebtedness.

ii. Bonds: These are agreements by a government or a company to pay you interest on the money you have lent. Or These are securities issued by a government or its agency or private institutions as a means of raising funds. Bonds are usually due to being redeemed at some future dates, and they carry a fixed rate of interest.

iii. Shares: A share can be defined as an individual portion of the company's capital owned by shareholders. It is the interest that a shareholder has in a company. Or a share is a unit of capital measured by a sum of money. A share also represents the mechanism by which the shareholders of a company can have limited liability. Or lt is any of the units of equal value into which a company and sold to raise money.

iv. Stock: This can be defined as the bundle of shares or mass of capital that can be transferred in fractional amounts. It is always fully paid. Or This is the capital raised by a company or corporation through the issue and subscription of shares.

Correct Answer: A. freight

Correct Answer: A. procedure

Explanation

(a) Benefits of commodity exchange:

i. It provides the opportunity for industrial buyers and sellers to meet and manage their price risks better.

ii. It ensures that farmers sell their products close to the market price by publishing future prices daily.

iii. It encourages continuous production and removes the need to look for buyers on the part of producers.

iv. It increases agricultural production.

v. Import/export competitiveness: As a result of the availability of information from the market, all parties know the market trend and requirements.

vi. It encourages standardization of products

vii. it generates foreign exchange earnings

(b) Methods of trading in a commodity exchange:

i. Open Outcry This is a method of shouting items of sale on commodity market with hands raised by the buyers to signify intention to buy

ii. E-Trading: This is a method where buyers and sellers of commodities are brought together through an electronic platform. The bargain is struck without negotiations.

iii. Pit trading: This is the method of trading where buyers and sellers meet in a particular area of the trading floor to reach a bargain through an open outcry system

(c) Requirements for trading in a commodity exchange:

i. The item must be possible of being sold by description.

ii. Demand must be large and supply must flow naturally to the market

iii. The commodity must be susceptible to standardization of grading.

iv. The commodity must not be a perishable one that could be subject to deterioration.

v. The traders must be bona fide members of the exchange and must not engage in insider trading.

Correct Answer: B. goods weather, amenties, accessibility and scenery

Correct Answer: A. indemnity him against liabilities incurred on duty

Correct Answer: B. not damaged

Explanation

A bill of lading is a legal document issued by a carrier (such as a shipping company or a freight forwarder) to acknowledge the receipt of goods for shipment. It serves as evidence of the contract of carriage and provides information about the goods, the parties involved, and the terms of transportation.

When a bill of lading is tagged as clean, it indicates that the goods have been received by the carrier in apparent good condition. In other words, there are no visible signs of damage or discrepancies noted at the time of shipment. It implies that the goods are being delivered in the same condition as they were received by the carrier.

The clean tag on a bill of lading does not necessarily indicate that the goods have been paid for, that they are on credit, or that they are duty-free. These aspects are typically handled separately and may depend on the terms of the underlying sale or agreement between the buyer and the seller.