Correct Answer: D. a firm offer

Correct Answer: B. Life

Correct Answer: D. Pro forma invoice

Correct Answer: D. Endowment assurance

Explanation

(a) NIPOST renders the following services to the public:

(i) Telegram services: This is a means of sending urgent written messages across to a given location.

(ii) Post office box and private mail bag services: Letters belonging to individuals and organisations are sorted out and kept for them in exclusive boxes and bags.

(iii) Post Restante: Post restante facilities enables letters belonging to visitors to a town to be left in the care of the post office. To collect such letters, the addressee must provide evidence of his identity.

(iv) Parcel post: Parcels up to a specified weight may be sent to the addressee by post. The amount charged for this service depends on the weight of the parcel.

(v) Cash on delivery service: This is a service rendered by the post office to assist mail-order business. (vi) Recorded delivery : A recorded delivery gives a proof that a letter had been delivered and the sender is compensated in the event of loss or damage in the post.

(vii) Registration of letters: This service ensures the safety of the mail. Registration ensures that a receipt is obtained every time the letter changes hands.

(viii) Business reply service: A firm may save the recipients of its letters the cost of replying them by providing them with printed reply cards or envelopes which do not require to be stamped.

(ix) Ordinary letters: Ordinary letters may be official or personal and must be enclosed in an envelope with the appropriate stamp on it. Such letters may be sent by surface mail (i.e. road) or by air.

(b) Advantages of courier services

(i) Its services are personal and cordial

(ii) services are rendered all over the country including rural areas

(iii) It helps in carrying bulky goods.

(iv) Recorded delivery.

(v) Courier services are fast and reliable.

(vi) Safety and security.

Correct Answer: C. the relationship between export and import prices

Explanation

(a) The business resources are: (i) Money resources (ii) Materials resources (iii) Management (iv) Opportunities

(I) Money resources: Money includes all the working capital available to a business. Money is important because, without it, a business cannot take off. It can be obtained by borrowing, selling shares, etc.

(ii) Material resources. Materials include tools, machinery, equipment, etc used in business. The money resources that are turned into mate rials help the business to operate economically and efficiently.

(iii) Management resources: Management is the resources of business which plans, organizes, directs and controls the operation of the business enterprise. It is also referred to as human resources.

(iv) Opportunities: These include facilities within the environment that are beneficial to the business. These are roads, electricity, telephone services, etc.

(b) Four ways by which government regulates business are:

(i) All business units must be duly registered before they can commence business .

(ii) Business can be regulated through granting of patent right, copyright and trade mark for companies.

(iii) The government ensures the use of standard weights and measures for products.

(iv) The location of a business is approved by the government.

(v) Government approves importation and exportation by the public.

(iv) The Government imposes tax on the profit of business enterprises.

(vii) Business enterprises are compelled to publish their accounts for public consumption.

Correct Answer: C. Stock exchange

Correct Answer: C. Bill of Lading

Correct Answer: B. cost of goods sold