Correct Answer: B. Admission of new partners

Explanation

Manufacturers prepackage their goods for the following reasons:

(i) Prepackaging protects the products as they move from the manufarturers to sellers and to the final users.

(ii) Since prepackaged goods are standardised, it facilitates self-service retailing and mail order business.

(iii) Branding and labelling are possible with packaged goods.

(iv) The middlemen are relieved of the burden of having to pre-package the goods.

(v) False measuring, and weighting by unscrupulous retailers are minimized where manufacturers have prepackaged the goods.

(vi) Prepackaging makes for ease of advertising.

(vii) For corrosive products, pre-packaging protects both buyers and sellers from any harm.

(viii) Prepackaging makes for ease of handling.

(ix) There is possibility of recycling the package.

(b) Disadvantages of prepackaging are:

(i) Prepackaged goods are expensive and the cost is usually passed on to consumers.

(ii) Information on prepackaged goods may be deceitful to buyers.

(iii) End users of prepackaged goods often litter the environment with wrappers and empty cans.

(iv) Actual inspection of the goods is not possible unless the packaging is to be destroyed.

(v) Prepackaging compels buyers to rely on the information stated on the package.

Correct Answer: D. an actuary

Correct Answer: B. overdraft

Explanation

An overdraft is a loan facility available to only current account holders, where a bank allows a customer to withdraw or take out more money than the account holder has in the account.

This means if a bank customer has only N10,000 in the bank account and needs, say N20,000 to meet financial obligations, they can request an overdraft which allows them to withdraw up to N20,000 with a promise of paying back on a specific day. This is very common among salary earners who have a stable means of income.

The money is then deducted directly from their next deposit depending on the terms of repayment, whether full or on installment.

Correct Answer: A. Stabilizing prices

Correct Answer: C. existing shares and bonds

Correct Answer: A. Standard shop fronts

Correct Answer: C. debit note

Correct Answer: D. carried outward

Correct Answer: B. organizing