Correct Answer: D. chamber of commerce

Correct Answer: B. a bonded warehouse

Correct Answer: D) Promoter

Explanation

A promoter is someone who identifies a business opportunity and mobilizes resources to establish and run a new company. They are not directly involved in the stock exchange market.

On the other hand, a bull is someone who anticipates that stock prices will rise and buys stocks in the hope of selling them later at a higher price. A broker is a person or firm that acts as an intermediary between buyers and sellers of stocks. A jobber is a dealer in the stock exchange market who buys and sells stocks on behalf of stockbrokers.

It is important to understand the roles of different people in the stock exchange market as it helps in making informed decisions when investing in the stock market.

Explanation

(a) Features of partnership:

(i) A partnership is not a separate entity as a result the partners can be sued in their own rights.

(ii) Members have unlimited liability for debts of the firm.

(iii) It is easy to register and bring into existence.

(iv) Profits and losses are shared equally except otherwise stated in the Deed.

(v) The action of one partner is binding on the other partners.

(vi) Partnerships are mostly formed by professionals.

(vii) It is guided by partnership deed.

(viii) Death or insanity/bankruptcy of a member leads to the termination of the partnership.

(ix) Admission of new members must be agreed by all.

(b) Reasons for government participation in business:

(i) To provide essential services at affordable prices.

(ii) To avoid duplication and waste if left in the hands of the private sector/promotion of efficiency.

(iii) To provide the large capital requirement for certain industries.

(iv) To provide good infrastructural facilities for economic growth and development.

(v) To ensure even development throughout the country.

(vi) to avoid exploitation if such businesses are left for private entrepreneurs.

(vii) To ensure national security in the management of key industries.

(viii) To create employment opportunities for the citizens.

Correct Answer: B. Proforma invoice

Correct Answer: D. dumping

Correct Answer: D. Prone to leakages

Correct Answer: B. holding company

Correct Answer: D. cocoa

Explanation

i) The principle is delegation. It enables a manager or superior to assign some of his duties to his subordinates.

ii) a) She is responsible for the recruitment, selection and staff placement.

b) She participates in staff appraisal and evaluation

(c) She serves as a liaison officer between Baku limited and labour unions

(d) She is responsible for management of training and staff development

(e) She is involved in the disengagement of staff/ dismissal of staff

(C) (a) Planning: It is the setting of goals and establishing of objectives and tasks to qualified staff

(b) organizing: This is the process of arranging and structuring of tasks into units and assigning such task to qualified staff.

(c) controlling: It involves monitoring of activities of the firm to ensure that set standards are followed and taking corrective actions where deviations occur.

d) Directing: This refers to the provision of guidance and supervision to subordinates in order to achieve organizational goals.