Correct Answer: C. nominal value

Correct Answer: A. span of control

Correct Answer: B. sum assured

Explanation

(a) Commerce is concerned with the exchange (buying and selling) and distribution of goods and services while Industry s concerned with the actual production of goods and services.

b(i) Activities involved in industry:

Extraction: This involves the obtaining of raw materials from the earth through mining, drilling, quarrying, fishing, farming and lumbering -

Manufacturing: This involves activities that convert the raw materials into finished goods Like textile, machinery, shoes etc.

Construction: This involves the process of fitting or assembling together the many parts to form a finished product like car assembling. Ship-building welding, house building etc.

b (ii) Activities Involved in Commerce:

(i)Trade: This involves buying and selling both at home and abroad. It includes wholesaling and retailing of goods and services.

(ii) Banking/Financing: This involves the safe keeping, lending and exchange of money that facilitate trading activities.

(iii)Insurance: This involves the activities of those minimizing business risks.

(iv)Transport: This involves the physical movement of goods and people from points of production to the points of consumption.

(v)Communication: This involves the transmission of information for the smooth conduct of commercial activities.

(vi)Advertising: This involves the creation of, awareness on the availability and - the nature of goods and services,

(vii)Warehousing: This involves the safe keeping of goods until they are needed for either further processing or consumption.

(viii) Tourism: This involves the provision of attractive sites and places of interest boost business activities in a country.

Correct Answer: B. an underwriter

Correct Answer: D) Crossed cheque

Explanation

On the other hand, an open cheque does not have any crossing lines on it and can be encashed by anyone who presents it to the bank. This makes it less secure as it can be easily misused or lost.

A bearer cheque is a type of cheque that is payable to the bearer, meaning anyone who possesses the cheque can cash it. This also poses a risk, as anyone who finds or steals the cheque can use it to withdraw the funds.

A post-dated cheque is a cheque that is dated for a future date. It cannot be encashed until that date. While this can provide some protection against loss, it does not offer the same level of security as a crossed cheque.

Therefore, the correct answer is Option D: Crossed cheque. It is the type of cheque that protects the holder against the risk of loss.

Correct Answer: C. Delegation of anthority

Correct Answer: A. no dividend is paid on the shares

Correct Answer: B. Postal order

Correct Answer: A. Bank draft