Correct Answer: C. privatization

Explanation

Privatisation is a policy designed to enable individuals and private or corporate organisations take over the ownership and control of government business such as public companies and corporations.

Correct Answer: B. Overdraft

Explanation

A security is a financial instrument, typically and financial asset that can be traded e.g bonds, debenture, stock, shares etc.

Correct Answer: C. Barbing

Explanation

Barbing does not belong to the extractive industry. The extractive industry involves the extraction of natural resources from the earth such as oil, minerals, and gas. Barbing, on the other hand, is a service industry.

Correct Answer: C. cash discount

Explanation

2%/15 net 30 means that if the customer pays within 15 days of receiving the goods, he may take 2% off the amount stated in the invoice, if does not, he will have to pay the full stated in the invoice within 30 days.

Explanation

a.Tourism is the practice which involves the visiting of people to places of interest for recreational, leisure or business purposes.

Tourism can also be defined as the activities of people travelling to and staying in places outside their usual environment for leisure, business, or other purpose.

- Tourism revenue leaks out of the local economy due to the presence of multinational companies or foreign-owned businesses.

- Seasonality nature of tourism can lead to instability in local economies, making it challenging for businesses to sustain themselves throughout the year and causing fluctuations in employment opportunities.

- Overlly dependent on tourism as its primary source of income makes the place vulnerable to external factors such as economic downturns, political instability, natural disasters, or changes in travel patterns especially when there is a decline in tourist arrivals.

b[ii] - Tourism development can lead to social disruptions within local communities.

- Rapid tourism development can erode tradtional values, customs, and cultural practices.

- Tourism can lead to the exploitation of local cultures and tradtions

b[iii] -Tourism can contribute to various forms of pollution, including air, water, and noise pollution

- The development of tourism infrastructure such as hotels, resorts, roads, and recreational facilities can result in habitat destruction and fragmentation.

- High tourist concentrations in water-stressed areas can strain local water resources due to excessive water extraction for hotels, swimming pools,golf courses and other tourist amenities.

c[i] - Tourism can be a significant driver of economic growth, contributing to increased business opportunities, job creation, and income generation.

- Tourism can generate foreign exchange earnings through spending by international visitors.

- Tourism offers opportunities for diversifying an economy beyond traditional industries.

- Tourism provides a platform for small-scale businesses and entrepreneurs to thrive

c[iii] - Tourism can create economic incentives for the conservation and preservation of natural areas, including national parks, wildlife reserves and protected habitats

Correct Answer: B. prevent imitation by competitors

Explanation

Brand names and trademarks allow companies to establish and control their brand identity and reputation. By creating a distinct brand name or trademark, a company can differentiate its products or services from competitors, ensuring that customers can identify and choose their offerings

Explanation

a -Unlimited liability: the partners are liable to the debts of the business to no limit.

- Difficulty in management: decision-taking is going to be long and slow as every partner would want their voice to be heard, thus, creating disagreement.

- Inability to raise sufficient capital: partners cannot invite the public to raise capital, and because of its unlimited liability, members fear to invest in partnership.

- Risk of dissolution: the partnership stands dissolved at the death, bankruptcy ot insanity of a member.

- Action of one partner on others: there is the danger that one reckless partner can ruin others.

b - Large amount of capital is necessary for the business as a limited company.

- The success of the business requires the skill or knowledge of experienced members of the partnership/joint decision, for example, solicitors, doctors etc.

- The ownership and control should not be extended outside a family or friends.

- Partnership is suitable for executing short term value.

- Shared resources the partnership would provide access to shared resources, including capital, expertise, network, and assets.

Correct Answer: C. proforma invoice

Explanation

A proforma invoice is a preliminary or provisional invoice sent by a seller to the buyer before the actual delivery of goods or services. It provides detailed information about the goods or services to be supplied, including the quantity, description, price, and any terms or conditions of the sale. Unlike a regular invoice, a proforma invoice is not a request for payment but serves as a quotation or estimate that allows the buyer to review the proposed transaction and make payment arrangements before the actual delivery or completion of the order. By sending a proforma invoice, the seller communicates the terms and conditions of the sale to the buyer, including the payment requirements and expectations. It enables the buyer to assess the costs, terms, and other details of the transaction before making a commitment.

Correct Answer: D. June 25, 2023

Explanation

The instrument will not ba valid when it is over 60 or 90 days. Therefore, the instrument will be valid on June 25, 2023.

Correct Answer: D. nature of the fish

Explanation

The nature of the goods to be transported will determine the means of transportation to be used. Perishable and fragile goods for example, are better handled by fast means of transportation like aircraft while bulky goods are better handled by ship or rail.