Correct Answer: D. selling techniques

Correct Answer: C. Consumer-oriented

Correct Answer: D. number of surbodinates reporting directly to a supervisor

Correct Answer: D. selling price less cost price

Explanation

(a) Commercial banks aid international trade in the following ways:

(i) Commercial banks discount documentary bills, thus ensuring that an exporter receives his money immediately.

(ii) A commercial bank can act as referee to its customers , vouch for their financial status and integrity when foreign business men ask for it.

(iii) They provide commercial credits to export merchants which facilitate payment for goods imported.

(iv) Commercial banks process foreign exchange requests and helps in transfer of funds.

(v) They facilitate overseas business trips through the sales of traveller's cheque.

(vi) They arrange delivery of shipping documents to the importer and help in clearing the goods from the ports authority and customs.

(b) Functions of the Nigerian Export Promotion Council are:

(i) Export marketing activities: The council issues information on the performance of Nigerian export commodities in foreign markets and identifies the barrier and ways of penetrating into new market.

(ii) Export financing and incentives: The council provides export financing facilities and insurance and assists exporters on export costing and pricing problems. It also advises on trade arbitration, shipping and freight.

(iii) Export development activities: The council adopts measures necessary to increase the volume of production from agriculture and ensures the development of raw products from agriculture for export.

(iv) Trade information services: The council provides trade information through publication of trade journals and export directives. It also organises meetings for exporters.

(v) Training activities: The council organizes seminars and workshops on export management for people engaging in foreign trade.

(vi) Publicity of Nigeria Export Promotion Council: It prepares and issues publications on the various activities of NEPC.

Correct Answer: A. organizational behaviour

Explanation

(a) The features of a public company are:

(i) It has a legal status: It can sue and be sued.

(ii) Liability of members is limited.

(iii) It can issue debentures to be secured by its assets.

(iv) Shares are easily transferable through the stock market.

(v) It files and publishes its annual reports and accounts.

(vii) The minimum membership is two while there is no limit to its membership.

(viii). It must receive its trading certificate to commerce business.

(b) Some of the reasons for winding up a public limited company are:

(i) Shareholders can pass a resolution at a meeting for voluntary liquidation. It can be as a result of the company's inability to pay its debts or is no longer a good investment or if the purpose for which the company was established has been accomplished.

(ii) A company can be liquidated by the court if it can no more honour its obligations, settlement of its debt or if it is formed for illegal purposes.

(iii) The Corporate Affairs Commission can strike out a company's name out of its register.

(iv) If the company does not commence business within a year of its incorporation.

(v) Liquidation can also occur when the number of shareholders fall below the statutory minimum requirement.

(vi) By voluntary winding up, subject to the law court supervision if some shareholders ask the court for it.

Correct Answer: C. It has a legal existence

Correct Answer: C. invisible exports

Correct Answer: D. Trade description Act