WAEC SSCE - Commerce - 1997

Which of the following covers damages to the body of a ship and its machinery?

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Hull insurance covers damages to the body of a ship and its machinery. It is a type of marine insurance that protects the vessel itself from physical damage or loss caused by risks such as collisions, storms, piracy, and other perils of the sea. The insurance coverage extends to the ship's hull, machinery, and equipment, including fittings, furnishings, and stores, and it may also include liability coverage for third-party claims arising from the use of the vessel. Hull insurance is an essential protection for shipowners and operators, as it helps to minimize the financial impact of unforeseen events that can damage or disable a ship and interrupt its operations.

The Manager,
Afribank,
Lagos.
Please pay to Great Nigeria Insurance Company, from my account, a sum of #125.00 at the end of every month until further notice, starting from this month.

The above instruction is a

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The above instruction is a standing order. It is an instruction given by a bank account holder to their bank, to make regular payments to a specified beneficiary or payee, usually for a fixed period. In this case, the instruction is to make a payment of #125.00 to Great Nigeria Insurance Company at the end of every month until further notice, starting from this month. The payment will be made automatically by the bank, without the need for further instructions from the account holder, until the standing order is cancelled or amended.

Who among the following has no right of ownership to a business organization?

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All of the options listed in the question have some form of right of ownership to a business organization, except for the "Debenture holder". A debenture is a type of long-term loan issued by a company that is backed by the company's assets. Debenture holders are creditors of the company and are entitled to receive interest payments on the debenture, but they do not have any ownership stake in the company. Therefore, debenture holders do not have the right to vote on company matters or participate in the company's profits like shareholders, entrepreneurs, partners, or sole-proprietors.

The products that are regularly and easily bought by customers through habit are called?

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Which of the following is usually sent to prospective buyer when the seller expects payment of the goods dispatched?

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When a seller dispatches goods to a buyer and expects payment in return, they usually send a pro-forma invoice. A pro-forma invoice is a document that outlines the details of the goods being sold, including the price, quantity, and any other relevant information, such as taxes or shipping costs. It is sent to the buyer before the goods are shipped as a way to confirm the order and give the buyer an idea of the total cost. Once the buyer has received the goods, the seller may also send a delivery note or advice note, which confirms that the goods have been delivered and may include information such as the date of delivery and the quantity of goods received. However, these documents are not typically used to request payment from the buyer. A statement of account is a document that shows all of the transactions between the buyer and seller over a certain period of time. It is usually sent on a regular basis (such as monthly) and shows the balance due from the buyer, including any outstanding invoices. A consignment note is a document used when goods are transported by a third-party carrier (such as a shipping company) and provides details of the goods being transported, the destination, and any other relevant information. However, it is not typically used to request payment from the buyer. Therefore, the most appropriate document to be sent to a prospective buyer when the seller expects payment of the goods dispatched is a pro-forma invoice.

The fastest means of sending a printed message from Lagos to London is through

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A company which acquires more than 50% voting shares of another company is called?

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A company which acquires more than 50% of the voting shares of another company is called a "holding company". This means that the holding company has control over the subsidiary company because it has the majority of the voting shares. The subsidiary company remains a separate legal entity, but is now owned by the holding company. The holding company may also provide strategic direction and financial support to the subsidiary company.

Which of the following is a disadvantage of air transport?

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A disadvantage of air transport is its high cost. Air transport is generally the most expensive mode of transportation due to its high operating costs. This is because airlines require specialized equipment, such as airplanes and airports, and have high maintenance and fuel costs. Air transport also involves additional costs, such as security measures and air traffic control fees. These costs are ultimately passed on to the consumer in the form of higher ticket prices or shipping fees. Therefore, while air transport is a fast and efficient mode of transportation, it may not be the best option for businesses or individuals with limited budgets. They may choose alternative modes of transportation, such as sea or land transport, which may take longer but are generally more cost-effective.

The rebate given to the retailer by the wholesaler to enable him make profit is known as

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The rebate given to the retailer by the wholesaler to enable him make profit is known as a trade discount. A trade discount is a reduction in the listed price of a product or service that is given by a supplier to a customer for meeting certain conditions, such as purchasing a certain quantity of the product or agreeing to pay within a certain period of time. Trade discounts are usually given to retailers or wholesalers who buy in bulk, and are used to incentivize them to purchase more from the supplier. This discount is not shown on the invoice and is usually calculated on the net amount after deducting all other discounts. The trade discount helps the retailer or wholesaler to increase their profit margins and remain competitive in the market.

Which of the following government legislation is not aimed at consumer protection?

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The taxation law is not aimed at consumer protection. Taxation laws determine how much individuals and businesses have to pay in taxes to the government. They do not aim to protect consumers directly. While taxation policies may indirectly affect consumers, their primary goal is to generate revenue for the government. On the other hand, the Sales of Goods Act, Food and Drugs Act, Standards Organization Act, and Price Control Act are all government legislation aimed at protecting consumers. The Sales of Goods Act establishes rules and regulations for the sale of goods, ensuring that consumers receive products that are safe, of satisfactory quality, and fit for purpose. The Food and Drugs Act sets standards for the production, labeling, and distribution of food and drugs to protect consumers from harm. The Standards Organization Act establishes standards for products, services, and systems to protect consumers from substandard products and services. The Price Control Act regulates the prices of goods and services to prevent businesses from charging excessively high prices and to ensure that consumers have access to affordable products and services.

Who among the following is not an agent?

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Which of the following monitors people's opinion about a firm and takes measures to correct adverse impressions?

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The function that monitors people's opinion about a firm and takes measures to correct adverse impressions is called "Public Relations." Public relations is the practice of managing the spread of information between an individual or organization and the public. In the context of a firm, public relations involves monitoring and shaping public opinion about the organization through various means, such as press releases, social media, events, and other communication channels. When a firm has an adverse image, the public relations team works to identify the root causes of the negative perceptions and develop strategies to correct them. They may initiate campaigns to create awareness about the firm's positive contributions, provide explanations for any misunderstandings, and foster positive relationships with stakeholders. Overall, the goal of public relations is to build and maintain a positive image of the firm, promote goodwill, and establish credibility and trust with the public.

Extractive occupation is an example of

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Extractive occupation is an example of the primary industry. This industry involves the extraction and collection of natural resources such as minerals, oil, timber, and agricultural products. Extractive occupation usually involves the use of natural resources from the earth or sea, and it is the first step in the production of goods. The primary industry is the sector of the economy that includes all activities related to obtaining raw materials, and it is essential because other sectors of the economy depend on it for their inputs.

Which of the following is responsible for the maintenance of the quality of goods produced

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The Standards Organization of Nigeria (SON) is responsible for the maintenance of the quality of goods produced. SON is a government agency established to set and enforce standards for products in Nigeria. It ensures that goods produced locally and imported into the country meet the required quality standards. SON carries out product testing, certification, and inspection to ensure that products are safe, efficient, and of the required quality. The agency also enforces penalties for manufacturers and importers who do not comply with the set standards. The aim is to protect consumers from substandard products and promote the production of high-quality goods in Nigeria.

A design which distinguishes the goods of one producer from those of others is called

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A design which distinguishes the goods of one producer from those of others is called a "trade mark". A trade mark is a unique symbol, design, or word that is used to identify and distinguish the goods or services of one business from those of another. For example, the Nike "swoosh" symbol is a trade mark that distinguishes Nike's products from those of other sportswear brands. The trade mark helps consumers identify and choose Nike products over competitors' products. Trade marks are important for businesses because they help to build brand recognition and loyalty. They also protect businesses from other companies using their brand to sell similar products or services, which could result in consumer confusion or damage to the business's reputation. In order to protect their trade mark, businesses can register it with the appropriate government agency, such as the United States Patent and Trademark Office (USPTO). This gives the business exclusive rights to use the trade mark in commerce and allows them to take legal action against any other businesses that infringe on their trade mark rights.

Which of the following is not a characteristic of Charter party?

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The characteristic that is not associated with a charter party is "An association of ship owners". A charter party is a legal document or contract between the ship-owner and the charterer, which outlines the terms and conditions of the shipment of goods or transportation of people by sea. The document shows the freight charges, the destination, the type of ship to be used, and the duration of the contract. The three types of charter party include Time charter, Voyage charter, and Bareboat (charter by demise). The whole or part of a ship can be leased depending on the agreement, but the charter party does not involve an association of ship owners.

Which of the following is not a means by which banks facilitate foreign trade?

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The option that is not a means by which banks facilitate foreign trade is "Open market operations". Banks facilitate foreign trade by providing various services to importers and exporters, such as currency exchange, letter of credit, discounting bills of exchange, and trade reference. These services help to mitigate the risks associated with international trade and ensure that transactions between parties are carried out smoothly. However, "Open market operations" are a monetary policy tool used by central banks to regulate the money supply and interest rates in the economy. It involves buying and selling government securities in the open market, which affects the amount of money banks have available to lend and therefore the cost of borrowing for consumers and businesses. While this can have an indirect impact on international trade, it is not a service provided by banks to facilitate foreign trade directly.

Debenture is an example of

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Debenture is an example of "loan capital". It is a type of debt instrument issued by a company to raise funds from the public or financial institutions. Debentures are typically secured by the assets of the company, and provide a fixed rate of interest to the debenture holders. They are a long-term source of finance for the company, and the funds raised through debentures are used to finance the company's long-term projects and investments. Debentures are often traded on the stock market, and provide an alternative source of investment for investors looking for fixed income securities.

A restriction on the quantity of a commodity that could be imported is known as

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A restriction on the quantity of a commodity that could be imported is known as a quota. It is a type of trade barrier that limits the amount of a specific product that can be imported into a country within a specific period. This restriction is usually put in place by the government of a country to protect domestic industries from foreign competition or to regulate the supply of a particular product. For example, a country may limit the amount of foreign rice that can be imported into the country in a given year. This limit on the quantity of rice that can be imported is a quota. A quota differs from a ban, which completely prohibits the importation of a product into a country, and from a tariff, which is a tax imposed on imported goods.

Food and Drugs Act, Weights and Measure Act, Standards Organization of Nigeria, etc are aimed at

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The Food and Drugs Act, Weights and Measures Act, Standards Organization of Nigeria, and similar laws and agencies are aimed at protecting consumers. These laws and agencies are designed to ensure that products sold in Nigeria are safe for consumption, accurately labeled, and meet certain quality standards. The Food and Drugs Act, for example, regulates the manufacture, importation, distribution, and sale of food, drugs, and other related products in Nigeria to ensure that they are safe for human consumption. The Weights and Measures Act regulates the weights and measures used in trade to ensure that they are accurate and standardized. The Standards Organization of Nigeria (SON) is responsible for setting and enforcing standards for products and services in Nigeria to ensure that they meet minimum quality requirements. SON works with various stakeholders, including manufacturers, importers, and consumers, to ensure that products sold in Nigeria are of acceptable quality. Overall, these laws and agencies aim to protect consumers from harm, ensure fair competition, and promote public health and safety. They play a crucial role in regulating the quality of products and services offered in Nigeria, and help to build trust and confidence in the Nigerian market.

The imposition of high tariff on imported goods by the customs authority is to

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The principle of insurance that restores the insured to the position he occupied immediately before the loss occurred is called

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The principle of insurance that restores the insured to the position he occupied immediately before the loss occurred is known as indemnity. In other words, indemnity is a principle of insurance which ensures that the insured person receives compensation equal to the amount of the loss suffered by him/her, and nothing more. The purpose of this principle is to ensure that the insured person is not put in a better position than he was in before the loss occurred, nor is he put in a worse position. Instead, the insurer provides compensation to the insured which is sufficient to restore the insured to the financial position he was in immediately before the loss occurred.

A carton of spoons valued at #3,000.00 was invoiced at #300 only. Which of the following documents would be used by the seller to correct the error?

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Which of the following indicates special crossing on a check? Two parallell lines with

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Mr Ojo paid Nnamdi the sum of #3,000 for a piece of land without their signing any deed of sale. Which of the following elements of contract is lacking in the transaction?

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The element of formality is lacking in the transaction. Formality in a contract refers to the requirement that certain contracts must be in writing and signed by the parties involved. In this case, Mr Ojo and Nnamdi did not sign any deed of sale, indicating that there was no written agreement between them. As a result, it would be difficult to prove the terms of their agreement if there is a dispute in the future.

From the following figures in the accounting books of XY company, calculate its working capital : stock #2,000; cash #1,500; Creditors #1,000; Bank overdraft #1,400

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To calculate the working capital of the XY company, we need to subtract the current liabilities from the current assets. Current assets include stock and cash, which have a total value of #2,000 + #1,500 = #3,500. Current liabilities include creditors and bank overdraft, which have a total value of #1,000 + #1,400 = #2,400. Therefore, the working capital of the XY company is: Working capital = Current assets - Current liabilities Working capital = #3,500 - #2,400 Working capital = #1,100 Hence, the answer is #1,100.

A business unit whose membership range from 2 to 20 is a

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A business unit whose membership range from 2 to 20 is known as a partnership. In a partnership, two or more individuals come together to jointly own and manage a business. The partnership agreement outlines the responsibilities and rights of each partner, including the distribution of profits and losses. Partnerships are a popular business structure as they allow for shared decision-making, complementary skills, and shared financial responsibility. They are commonly used in professions such as law, medicine, and accounting.

An established pattern of relationships among members of an organization is known as

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The services rendered by Nigerian Airways to foreign companies are part of Nigeria's

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The services rendered by Nigerian Airways to foreign companies are part of Nigeria's "invisible exports". Invisible exports are services that are provided by residents of a country to non-residents of that country. In the case of Nigerian Airways, they are providing services, such as air transportation, to foreign companies that are located outside of Nigeria. These services generate revenue for Nigeria, but they are not tangible goods that can be seen or touched. Therefore, they are classified as invisible exports. Invisible exports are an important source of revenue for many countries, especially those that have a strong service sector. Examples of invisible exports include transportation services, financial services, and consulting services. By exporting these services, countries can generate revenue and support economic growth.

Which of the following functions of the wholesaler helps to stabilize prices

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Which of the following is not a function of merchant banks?

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The function that is not performed by merchant banks is "Printing new bank notes." Merchant banks are financial institutions that offer a range of services to clients, such as underwriting securities, advising corporate institutions, and providing long-term loans. Underwriting securities involves assuming the risk of selling new securities issued by corporate institutions, such as stocks and bonds, to investors. Merchant banks also advise corporate institutions on matters such as mergers and acquisitions, capital structure, and financial strategy. They also provide long-term loans to clients for various purposes such as expansion, modernization, and acquisition. Discounting bills is another function performed by merchant banks. Discounting bills involves purchasing short-term bills of exchange from clients at a discount and then holding them until maturity. When the bills mature, the merchant bank collects the full amount due from the debtor. However, printing new bank notes is not a function of merchant banks. This function is typically performed by central banks, which are responsible for issuing and regulating the supply of currency in circulation. The central bank is responsible for ensuring the stability of the currency and managing the money supply to maintain a healthy economy.

When firms that operate at different stages in the production of a commodity merge, this is known as

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When firms that operate at different stages in the production of a commodity merge, this is known as "vertical integration". Vertical integration is a business strategy where a company expands its operations by acquiring companies that are involved in different stages of the same production process. For example, a car manufacturing company acquiring a tire company or a steel mill is a type of vertical integration because the tire company and steel mill are part of the same production process of making cars. The goal of vertical integration is to streamline the production process, increase efficiency, and reduce costs. By integrating different stages of production, the company can ensure a steady supply of raw materials and reduce the risk of supply chain disruptions.

Which of the following is not an acceptable collateral security for a bank loan?

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Who among the following comes first in the channel of distribution?

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The manufacturer comes first in the channel of distribution. The manufacturer is the one who produces the goods and is responsible for their quality and quantity. Once the goods are produced, they are sent to the wholesaler or consignor, who then sells the products to the retailer. The retailer then sells the products to the end consumer. So, the manufacturer is at the beginning of the chain, as they are responsible for creating the product and setting it up for distribution. Without the manufacturer, there would be no product to distribute in the first place.

If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay

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If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay: Discount = 15% of #1,500 = (#15/100) x #1,500 = #225 Selling price = #1,500 - #225 = #1,275 Therefore, the correct answer is #1,275.00.

The compensation given to brokers who sell shares to jobbers is called

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The compensation given to brokers who sell shares to jobbers is called "commission". When investors want to buy or sell shares in the stock market, they usually use a broker to help them execute the transaction. Jobbers are market makers who specialize in buying and selling large volumes of shares for their own account. Brokers can earn money by charging their clients a commission for their services. When a broker sells shares to a jobber, they earn a commission based on the value of the transaction. This commission is their compensation for facilitating the transaction. Premium refers to an additional amount paid on top of the normal price, salary refers to a fixed payment made to an employee, interest refers to the cost of borrowing money, and dividend refers to a payment made by a company to its shareholders as a share of its profits. While these terms may be related to finance and investments, they do not specifically refer to the compensation given to brokers who sell shares to jobbers.

The document which gives the current price and terms of trade of a product is called?

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The document which gives the current price and terms of trade of a product is called an invoice. An invoice is a document issued by a seller to a buyer that specifies the goods or services provided, the quantity, and the price for each item. It also outlines the terms of payment, including the due date and any applicable discounts or late fees. In other words, an invoice is a detailed record of a transaction between a seller and a buyer. The price and terms of trade of a product can vary depending on factors such as supply and demand, market conditions, and negotiations between the buyer and seller. The invoice reflects the final agreed-upon terms between the two parties and serves as a legal document that can be used for accounting and tax purposes. Overall, an invoice is an important document in any commercial transaction as it ensures that both the buyer and seller are on the same page in terms of the price and terms of trade of a product or service.

Assets of a business which cannot easily be changed into cash are known as

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Assets of a business that cannot easily be changed into cash are known as fixed capital. Fixed capital includes assets such as land, buildings, machinery, and equipment, which are used in the production process and have a long-term use. These assets are considered long-term investments and are not intended to be sold or converted into cash in the short term. In contrast, floating capital or working capital refers to the current assets of a business that can be converted into cash within a short period of time, such as inventory, accounts receivable, and cash in hand. Paid-up capital is the amount of capital that has been paid by shareholders in exchange for shares in the company, and current capital is not a commonly used term in accounting or finance.

A common carrier is

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A common carrier is one who engages in the transportation of goods and passengers for a fee. It could be an individual, company, or organization that is licensed to transport people or goods for a fee. The carrier is responsible for the safe and timely delivery of the goods or passengers to their destination. They have a duty of care to their customers and are required to take reasonable measures to ensure the safety of the goods and passengers in their care. Examples of common carriers include airlines, shipping companies, and bus companies.

Span of control is defined as the

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Span of control refers to the number of subordinates or employees that a supervisor or manager can effectively manage or control. It is the number of employees who report directly to a supervisor or manager. A narrow span of control means that a supervisor or manager has fewer subordinates to manage, while a wider span of control means that a supervisor or manager has more subordinates to manage. The span of control can be affected by various factors such as the complexity of the task, the level of experience of the supervisor, the level of training and skills of the subordinates, and the type of organization structure. A supervisor or manager with a wide span of control can delegate authority more effectively, while a supervisor or manager with a narrow span of control can provide more direct supervision and guidance to their subordinates.

A retailer's mark-up is his

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A retailer's mark-up is the difference between the selling price and the cost price of a product. In other words, it is the amount added to the cost price of a product to arrive at the selling price. It is usually expressed as a percentage of the cost price. For example, if a retailer buys a product for $50 and sells it for $70, the mark-up is $20.

When a company raises additional capital by selling shares directly to the public through insurance companies or investment houses, this is known as

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When a company raises additional capital by selling shares directly to the public through insurance companies or investment houses, this is known as "private placing". Private placing is a method used by companies to raise additional capital by selling shares to a small group of investors or institutions. These investors may include insurance companies, investment houses, or other institutional investors. The shares are not offered to the general public and are instead sold privately. Private placing allows companies to raise capital quickly and efficiently without the need for a public offering. It is often used by companies that do not meet the requirements for listing on a stock exchange or that do not want to go through the expense and regulatory requirements of a public offering. In contrast, a rights issue is an offering of additional shares to existing shareholders, a bonus issue is a distribution of free shares to existing shareholders, a debenture issue is a type of bond offering, and a preference share issue is an offering of shares that pay a fixed dividend but have no voting rights. While these options may be related to raising capital, they do not specifically refer to the method of selling shares directly to the public through insurance companies or investment houses.

The difference between the total amount owed to a country and the total amount owed by it is

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The correct answer is "balance of payments." The balance of payments refers to the difference between the total amount of money a country receives from other countries (exports, foreign aid, investments, etc.) and the total amount of money it pays out to other countries (imports, foreign debt, etc.). If a country receives more money from other countries than it pays out, it is said to have a "trade surplus." If it pays out more than it receives, it has a "trade deficit" or "trade gap." However, the balance of payments includes not just trade, but all transactions between a country and other countries, including investment flows, foreign aid, and other financial transfers. Therefore, the difference between the total amount owed to a country and the total amount owed by it is known as the "balance of payments."

Which of the following is true of a merger?

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The art of combining human, material and other resources to achieve the stated goals of a business is known as

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The art of combining human, material, and other resources to achieve the stated goals of a business is known as organizing. Organizing involves arranging and coordinating the resources of a business in the most efficient and effective manner possible to achieve its objectives. It involves deciding how tasks will be divided and how resources will be allocated to carry out those tasks. Organizing ensures that everyone in the business knows what they are supposed to do, how to do it, and who to report to. It is an essential function of management that helps to ensure that a business operates smoothly and achieves its goals.

Which of the following is used in home trade?

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Out of the options given, the bank draft is commonly used in home trade. Home trade refers to the buying and selling of goods and services within the boundaries of a country. It involves transactions between individuals or companies located within the same country. In such transactions, a bank draft is a commonly used payment instrument. A bank draft is a payment order issued by a bank on behalf of its customer, instructing another bank to pay a specified sum of money to a third party. It is a secure and convenient payment method for home trade transactions, as it eliminates the risk of carrying large sums of cash and provides a guarantee of payment to the seller. Other payment instruments, such as a bill of lading or a certificate of origin, may be used in international trade to facilitate the shipment of goods across borders. A letter of credit and a documentary credit are also payment instruments commonly used in international trade to ensure that the seller is paid for the goods or services they provide.

The intangible benefits arising from the business connections and reputation of a firm is called

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The intangible benefits arising from the business connections and reputation of a firm is called "goodwill". Goodwill refers to the value of a business beyond its tangible assets, such as equipment and property. It is the reputation a company has built up over time through its customer relationships, quality of products or services, and other intangible factors. Goodwill can lead to increased customer loyalty, positive word-of-mouth advertising, and better relationships with suppliers, all of which can ultimately result in increased profits for the business.

Which of the following is a characteristic of a private company?

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A private company is a type of company in which its ownership is held privately and shares are not offered for public subscription. A characteristic of a private company is that shares are not dealt in on the stock exchange, meaning the company's shares are not publicly traded. This differs from a public company, in which shares are available for public subscription and are traded on the stock exchange.

Which of the following are true of a bill of lading? i. it is a means of payment in foreign trade. ii. it is document of title to goods. iii. it is a contract of carriage. iv. it is usually drawn in triplicate.

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The main reason for advertising an already existing line of products is to

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One of the features of reinsurance is the

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The feature of reinsurance is the transfer of a portion of risk from one insurance company to another. Reinsurance allows an insurance company to transfer some of the risk it has assumed from its policyholders to another company. This helps the insurance company to reduce its exposure to large or catastrophic losses, and to maintain its financial stability. In exchange for accepting some of the risk, the reinsurer charges a premium to the insurer. Reinsurance helps to spread risk among multiple companies, which can help to stabilize the insurance industry as a whole.

The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors #1,000 and electricity bill #2,000. Calculate the capital owned by the company?

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To calculate the capital owned by the company, we need to use the accounting equation which states that: Assets = Liabilities + Owner's Equity (Capital) Given that the total assets of Ogo Plc is #16,000 and the liabilities are #2,000 (loan) + #1,000 (creditors) + #2,000 (electricity bill) = #5,000 Substituting the values into the accounting equation, we have: #16,000 = #5,000 + Owner's Equity (Capital) Rearranging the equation, we have: Owner's Equity (Capital) = #16,000 - #5,000 = #11,000 Therefore, the capital owned by the company is #11,000. The answer is.

An association that mobilizes the savings of members and channels them to needy members is known as

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An association that mobilizes the savings of members and channels them to needy members is called a "Thrift and Credit Co-operative." A thrift and credit cooperative is a type of cooperative organization that pools the savings of its members and provides credit facilities to members in need. Members of the cooperative contribute their savings into a common pool, and the cooperative uses this pool of funds to provide loans to members for various purposes such as starting a business, purchasing a home, or meeting emergency expenses. Members can also borrow money at a lower interest rate than they would be able to obtain from other sources, such as banks or money lenders. The thrift and credit cooperative is a type of financial intermediary that serves the financial needs of its members. In addition to providing credit facilities, the cooperative may also offer other financial services, such as savings accounts, insurance, and investment opportunities. Overall, the goal of a thrift and credit cooperative is to promote financial inclusion and provide a source of affordable credit for its members.

The major disadvantage of pipeline transportation is that it

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Pipeline transportation involves the movement of liquids or gases through pipelines. The major disadvantage of pipeline transportation is that it is not easy to detect damages that may occur in the pipeline. Since pipelines are usually underground or underwater, damages caused by corrosion, cracks, or leaks may go unnoticed for some time, leading to environmental damage, loss of product, and potential safety hazards. Therefore, regular inspection and maintenance of pipelines are crucial to ensure the safe and efficient transportation of products through pipelines.

The aspect of management which ensures that there is no deviation from the set standards is called

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The aspect of management that ensures there is no deviation from the set standards is called "controlling." Controlling involves monitoring performance, comparing it with predetermined standards, and taking corrective action as needed to ensure that objectives are met. In simpler terms, it means keeping track of what is happening and making adjustments to ensure things stay on track according to the plan. This can involve setting up systems for measuring performance, analyzing data, and making decisions to address any issues that arise. Ultimately, the goal of controlling is to ensure that the organization achieves its goals efficiently and effectively.

Ali Plc with issued capital of #500,000 in #1.00 shares has for now requested shareholders to pay only 50k for each #1.00 share. The amount requested from the shareholders by the company is called?

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The amount requested from the shareholders by the company is called the "called-up capital." In this scenario, Ali Plc has an issued capital of #500,000 in #1.00 shares but has requested shareholders to pay only 50k for each #1.00 share. This means that the total amount the company has called for is #250,000 (50k x 500,000 shares). The called-up capital is the amount of money that a company has requested its shareholders to pay for the shares they have subscribed to, but they may not have paid the entire amount yet. Once the shareholders pay the called-up capital, it becomes "paid-up capital."

The payment made to the insured for loss incurred is

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The payment made to the insured for loss incurred is called "indemnity." Indemnity refers to the compensation that an insurance company pays to the policyholder when they experience a loss or damage covered by their insurance policy. For example, if a person's car is damaged in an accident and they have car insurance, the insurance company will pay for the repairs or replacement of the car up to the policy limit. The purpose of indemnity is to restore the insured to the same financial position they were in before the loss occurred. Indemnity payments can help individuals and businesses avoid financial hardship due to unexpected events or disasters that may otherwise be too costly to cover on their own. Premium, on the other hand, is the amount paid by the policyholder to the insurance company for the coverage provided by the insurance policy. Ex gratia payment is a payment made by the insurance company out of goodwill, and not necessarily because it is legally required. Surrender value refers to the amount that the policyholder can receive if they terminate their insurance policy before the end of the term. Interest refers to the additional amount that the policyholder may earn on their insurance policy over time.

Which of the following is the basic principle of marketing concept?

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The basic principle of marketing concept is that it is consumer-oriented. This means that a company should focus on identifying and satisfying the needs and wants of its customers in order to achieve success in the marketplace. This approach involves understanding the needs of customers, developing products or services that meet those needs, pricing them appropriately, promoting them effectively, and distributing them efficiently. The goal is to create long-term relationships with customers by delivering superior value and satisfaction. In contrast to seller-oriented, producer-oriented, or product-oriented approaches, which prioritize the interests of the company or the product itself, the marketing concept puts the customer at the center of all marketing activities.

An organized market for securities is called

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An organized market for securities is called a Stock Exchange Market. A stock exchange is a marketplace where securities, such as stocks and bonds, are bought and sold. Companies list their stocks on the stock exchange to raise capital from the public. Investors, on the other hand, buy and sell stocks on the stock exchange with the aim of making a profit. The stock exchange provides a centralized platform for trading securities, where buyers and sellers can come together to exchange securities. The exchange ensures that the transactions are conducted fairly and efficiently by enforcing rules and regulations that govern the trading of securities. Overall, the stock exchange provides an organized and regulated marketplace for investors to trade securities, making it an important part of the financial system.

Which of the following is the clearing house for all the banks in the country?

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The clearing house for all the banks in the country is "The Central Bank of Nigeria". The Central Bank of Nigeria is the apex bank in Nigeria and serves as the regulator of the Nigerian banking system. One of its key functions is to act as the clearing house for all banks in the country. This means that it facilitates the settlement of financial transactions between banks by clearing and transferring funds between them. When a customer makes a payment to another customer of a different bank, the payment is usually processed through the central bank's clearing system. The central bank verifies the transaction details and facilitates the transfer of funds between the banks involved in the transaction. This ensures that the transaction is settled quickly and efficiently. While the other options listed may be banks or financial institutions in Nigeria, none of them serve as the clearing house for all banks in the country.

Which of the following is issued to the exporter or his agent when the goods has been loaded in the ship?

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The document that is issued to the exporter or his agent when the goods have been loaded on the ship is called a "Mate's receipt". It is a document signed by the ship's officer (the "mate") acknowledging that the goods have been received on board the ship. The mate's receipt is a provisional document and is often used as proof of shipment to obtain payment from the importer's bank or to obtain insurance coverage for the shipment. The mate's receipt is usually surrendered to the shipping company in exchange for the Bill of Lading, which is a document of title to the goods.

Capital owned is synonymous with the

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Capital owned is synonymous with the term "net worth". Net worth is the difference between a company's assets and liabilities. It represents the amount of capital that the owners have invested in the business, and the amount that would remain if all liabilities were paid off. It is an important measure of a company's financial health, as it indicates the value of the company if it were to be sold or liquidated.

Which of the following is not covered by fire insurance policy?

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Which of the following mostly serves as a useful promotional device for consumer goods?

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Packaging mostly serves as a useful promotional device for consumer goods. Packaging refers to the container or wrapping used to protect, store, and transport a product. It also includes the design, color, and labeling of the container or wrapping. Packaging is an important aspect of marketing because it can help to attract consumers' attention and differentiate a product from its competitors. Effective packaging can also communicate information about the product, such as its features, benefits, and ingredients. For example, colorful and eye-catching packaging can help to grab a consumer's attention on a store shelf. The packaging can also feature information about the product, such as its nutritional value, ingredients, or usage instructions. All of these elements can work together to promote the product and encourage consumers to make a purchase.

When a bill of exchange is signed by a debtor, it is said to be

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When a bill of exchange is signed by a debtor, it is said to be "accepted". A bill of exchange is a negotiable instrument that is used in international trade to provide a secure method of payment. The bill is a written order from one party (the creditor) to another party (the debtor) to pay a specified amount of money on a specific date. When the debtor signs the bill of exchange, indicating their agreement to pay the amount specified, the bill is said to be "accepted". This acceptance creates a legally binding obligation on the part of the debtor to pay the creditor at the specified time. Once the bill has been accepted, it can be bought and sold by third parties through a process called "negotiation". The creditor may choose to negotiate the bill to a bank or other financial institution, which will pay the creditor the face value of the bill less a discount, and then seek to recover the full amount from the debtor at the specified time. Overall, acceptance of a bill of exchange is an important step in the process of international trade as it provides a measure of security and confidence for both the creditor and debtor.

To which of the following occupations does a broker belong?

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A broker belongs to the "Commercial" occupation. A broker is an individual or a firm that acts as an intermediary between buyers and sellers of goods or services. They facilitate transactions by finding potential buyers or sellers and bringing them together to negotiate a deal. In the commercial sector, brokers can work in various industries such as real estate, finance, insurance, and commodities. For example, a real estate broker helps buyers and sellers to buy, sell or rent properties, while a stockbroker facilitates the buying and selling of stocks and other securities on behalf of clients. Overall, brokers play an important role in the commercial sector by creating opportunities for buyers and sellers to connect and exchange goods and services.

Which of the following is not a function of the Nigerian Ports Authority?

Detalhes da Resposta

The Nigerian Ports Authority is responsible for the management of ports in Nigeria. It has various functions aimed at ensuring the smooth operation of the ports. One of the options listed is not a function of the Nigerian Ports Authority, and that option is "Checking smuggling activities." While the Nigerian Ports Authority has a responsibility to ensure that illegal activities do not take place within the port, its primary function is not to check smuggling activities. This is usually the responsibility of law enforcement agencies such as the Nigeria Customs Service and the Nigerian Police Force.

Which of the following is not true of branding?

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The statement that is not true of branding is "Encourages pilfering." Branding is a marketing strategy used to create a unique name, symbol, or design that identifies and differentiates a company's products or services from its competitors. It facilitates the identification of goods, making it easier for customers to recognize and select products they want to buy. This leads to increased sales and deeper loyalty, as customers are more likely to stick with brands they know and trust. Branding also makes market segmentation easier, as companies can target specific groups of customers with different brands and product lines. However, branding does not encourage pilfering or theft. In fact, effective branding can help to discourage theft, as it makes it easier to identify stolen goods and prosecute thieves. Finally, branding facilitates advertising, as it provides a consistent message and image that can be used in promotional campaigns across different media platforms.

Which of the following is not a source of capital to a partnership?

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The source of capital that is not available to a partnership is "Shares." Shares are a type of security that represents ownership in a company, and they are typically issued by corporations. Partnerships are a form of business organization in which two or more individuals own and operate the business together. Since partnerships are not considered separate legal entities, they cannot issue shares of stock to raise capital like a corporation. Partnerships have other sources of capital available to them, such as personal savings, borrowing, buying on credit, and ploughing back profits. Personal savings refer to the money partners invest in the business from their personal funds. Borrowing involves obtaining loans from financial institutions or other sources. Buying on credit refers to the practice of purchasing goods or services on credit from suppliers. Ploughing back profits means reinvesting profits earned by the partnership back into the business to help it grow. Overall, partnerships can raise capital through a variety of sources, except for issuing shares of stock as they are not considered separate legal entities like corporations.

Which of the following takes the shortest time and is the most accurate means of communication?

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When an assured is unable to honor his obligation in an insurance contract thereby terminating it before maturity he could only receive

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When an assured is unable to honor his obligation in an insurance contract, thereby terminating it before maturity, he could only receive the surrender value. The surrender value is the amount of money that the policyholder will receive if they choose to surrender the policy before its maturity date. It is the amount that the insurance company will pay to the policyholder after deducting any outstanding premiums, fees, and other expenses. When the assured terminates the insurance contract before its maturity date, they forfeit the right to receive the sum insured, which is the full amount of money that the insurance company would have paid if the policy had remained in force until its maturity date. Instead, the assured receives the surrender value, which is usually lower than the sum insured, as it takes into account the time value of money and other factors. Therefore, if the assured is unable to honor their obligation in an insurance contract and decides to terminate it before maturity, they can only receive the surrender value of the policy.

The Stock Exchange does not deal in

Detalhes da Resposta

The Stock Exchange does not deal in treasury bills. Treasury bills are short-term debt securities issued by governments to raise funds from the public. They are usually issued for a period of less than one year and are considered to be very safe investments as they are backed by the government. However, they are not traded on the stock exchange. On the other hand, shares, debentures, stocks, and bonds are all securities that are traded on the stock exchange. A share represents ownership in a company, while a debenture represents a loan that a company has taken out. Stocks and bonds are similar to shares and debentures, respectively, but they may be issued by governments or other organizations. In summary, the stock exchange deals in various securities, including shares, debentures, stocks, and bonds, but not treasury bills.

The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called

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The insurance principle which expects the insured and the insurer to disclose all facts about a proposed contract is called uberrimae fidei. Uberrimae fidei is a Latin phrase that means "utmost good faith." It is a fundamental principle in insurance that requires both the insured and the insurer to disclose all material facts about the proposed insurance contract. Material facts are facts that would influence the judgment of a prudent insurer in deciding whether to accept or decline the risk, and if so, what premium to charge. The principle of uberrimae fidei applies to all types of insurance contracts and is essential to the functioning of the insurance industry. It ensures that insurers have complete and accurate information about the risks they are undertaking, enabling them to assess the risk and set appropriate premiums. At the same time, it ensures that the insured understands the terms and conditions of the policy and can make an informed decision about whether to accept the risk. Therefore, the insurance principle that expects the insured and the insurer to disclose all facts about a proposed contract is called uberrimae fidei, which means utmost good faith.

When an industry is nationalized, ownership belongs to the

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When an industry is nationalized, ownership of the industry is transferred from private investors or shareholders to the state. This means that the industry is taken over by the government and is run by the state, rather than being privately owned and operated. Nationalization is often carried out in order to ensure that a particular industry is being run in the best interests of the country, rather than solely for the benefit of private investors.

Which of the following is a disadvantage of credit transaction?

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A disadvantage of credit transaction is that it encourages bad debt. Credit transactions involve buying goods or services on credit, which means that the buyer does not have to make immediate payment for the goods or services. Instead, they are given a period of time to pay off the debt. While this can be convenient for consumers, it can also lead to bad debt if the buyer is unable to repay the debt on time. Bad debt is a debt that is unlikely to be repaid and can lead to financial losses for the creditor. In contrast, credit transactions can have advantages such as increasing turnover, facilitating the sale of durable goods, and enabling consumers to enjoy goods without immediate payment. However, the risk of bad debt is a significant disadvantage of credit transactions that creditors need to manage carefully to avoid financial losses.

Which of the following is not performed by marketing?

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The law stipulating that labels should contain full details about a product is known as the

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The law stipulating that labels should contain full details about a product is known as the Trade Description Act. This law is designed to protect consumers from false or misleading information about products they buy. The Trade Description Act requires that any label or packaging must accurately describe the product and provide consumers with enough information to make informed decisions about whether to buy it or not. The law applies to a wide range of products, including food, medicines, and other consumer goods.

The cost of goods sold divided by the average stock held during a trading period gives the

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The cost of goods sold is the amount a company spent on producing or purchasing the goods sold during a trading period. The average stock held is the average value of the inventory held by the company during the trading period. Dividing the cost of goods sold by the average stock held during the trading period gives the rate of stock turnover. This ratio helps in determining how quickly a company sells its inventory and restocks its shelves. A high rate of stock turnover indicates that the company is efficiently selling its inventory, while a low rate suggests the opposite.

The document stating the particular country from which goods are imported is called

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The document that states the particular country from which goods are imported is called a "certificate of origin". It is a document that identifies the origin of goods being exported, indicating the country in which they were produced or manufactured. It is an important document required by the customs officials of the importing country to determine the eligibility of goods for importation and to determine the applicable tariffs and trade agreements. The certificate of origin is typically issued by a Chamber of Commerce or other trade association, and is required for customs clearance in many countries.

In which of the following do the goods become the property of the buyer on the payment of first installment

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One of the characteristics of a debenture is that

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A debenture is a long-term debt instrument issued by companies and government entities to raise funds from the public. One of the characteristics of a debenture is that it yields a fixed rate of interest. This means that the issuer of the debenture promises to pay a fixed amount of interest periodically (such as annually or semi-annually) to the debenture holder until the maturity of the debenture. Unlike equity shares, debentures do not give the holder a voting right in the company's management. Additionally, debentures may have a redemption date, which is the date on which the issuer must repay the principal amount of the debenture to the holder. The holder of a debenture bears less risk than shareholders since they have a priority claim on the company's assets in the event of liquidation.

Which of the following makes it possible for people to collect their letters at their convenient time ?

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The Post Office Box makes it possible for people to collect their letters at their convenient time. A Post Office Box (PO Box) is a locked mailbox that individuals or businesses can rent from their local post office. It provides a secure and convenient way for people to receive mail, as they can collect their letters at any time that is convenient for them. With a PO Box, individuals or businesses are assigned a unique address, usually located within the post office or nearby. The post office staff will place any mail addressed to the PO Box into the assigned mailbox. This means that individuals do not have to wait for a postal carrier to deliver their mail to their physical address, and they can avoid the risk of mail being stolen or lost. Other options listed do not necessarily offer the same level of flexibility or convenience as a PO Box. For example, franking is a way of pre-paying postage costs, while recorded delivery is a service that provides proof of delivery but does not necessarily offer flexibility in terms of when mail is received. Business Reply Service is a service that allows businesses to receive mail from customers without requiring the customer to pay for postage. Telex service is an outdated communication method that was used to send and receive written messages over a network of teleprinters.

Self-service, mail order and automatic vending are examples of

Detalhes da Resposta

Self-service, mail order, and automatic vending are examples of selling techniques. Selling techniques refer to the various methods used by businesses to promote their products or services and persuade customers to buy them. Self-service refers to a selling technique in which the customer selects and purchases goods without the assistance of a salesperson. Mail order involves selling products through catalogs or advertisements that customers can order by mail. Automatic vending is a selling technique in which goods are sold through machines that dispense them when money is inserted. In summary, these techniques do not involve personal interaction between a salesperson and the customer, but instead rely on other methods to make sales.

If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the

Detalhes da Resposta

If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the drawee. In cheque transactions, the drawee is the bank on which the cheque is drawn. The drawer is the person who writes and signs the cheque (in this case, Ade). The payee is the person to whom the cheque is payable (in this case, Chukwu). When Chukwu presents the cheque for payment at the Union Bank, the bank will verify if Ade has sufficient funds in his account to cover the cheque amount. If Ade has sufficient funds, the Union Bank will pay the cheque amount to Chukwu. If Ade does not have sufficient funds, the cheque will be dishonored and the Union Bank will not pay the cheque amount to Chukwu. Therefore, in this scenario, the Union Bank is the drawee, because it is the bank on which the cheque is drawn and where Chukwu will present the cheque for payment.

When a Public Limited Company is incorporated it means that

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When a Public Limited Company is incorporated, it means that it has a legal existence. This means that the company is recognized as a separate legal entity from its owners. The company can enter into contracts, own property, sue and be sued in its name, and incur debts. Incorporation also means that the company has to issue a statutory declaration, which is a legal document that states that all the legal requirements for incorporation have been met. This includes the appointment of directors, the issuance of shares, and the payment of registration fees. Incorporation does not necessarily mean that the company is entitled to commence business immediately or that it has been given a certificate of trading. These are separate requirements that need to be met before the company can begin trading. The shares of a Public Limited Company can be transferred, so this is not a factor that determines whether or not a company has been incorporated.

Which of the following is a legal tender?

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Bank notes are legal tender. Legal tender is a form of payment that is recognized by a legal system to be valid for meeting financial obligations. In other words, it is a currency or form of money that must be accepted as payment for a debt or financial obligation. Bank notes are issued by central banks and are widely accepted as a means of payment for goods and services. Other forms of payment, such as cheques, drafts, and bills of exchange, may also be used in financial transactions, but they are not necessarily legal tender.

An agent with authority to bind his principal in everything, provided he acts lawfully is called

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An agent with the authority to bind his principal in everything, provided he acts lawfully is called a "universal agent." This means that the agent has the power to act on behalf of the principal in any legal matter or transaction, including contracts, sales, purchases, and other business activities. The universal agent is authorized to make decisions and take actions on behalf of the principal and has the power to legally bind the principal to any agreement entered into.

Which of the following is not considered when siting a retail shop?

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"Advertising" is not considered when siting a retail shop. When siting a retail shop, several factors are taken into consideration to ensure the success of the business. One of the critical factors is the "Target population." The retail shop must be located in an area where the target population is located. This ensures that the shop is easily accessible to potential customers, and the products or services offered are relevant to their needs. "Rent" is another factor that is considered when siting a retail shop. The rent for the shop should be affordable, and the business must be able to generate enough revenue to cover the rent and other expenses. The "Accessibility" of the location is also crucial. The shop should be located in an area that is easily accessible by potential customers. This means that the shop should be located near a main road or transportation hub, and there should be ample parking space for customers. "Proximity to source of supply" is another factor that is considered when siting a retail shop. The shop should be located close to the source of supply to ensure that the business can easily restock its inventory when necessary. Overall, the success of a retail shop depends on selecting the right location. The location should be easily accessible to potential customers, affordable, and located in an area with a target population that is relevant to the products or services offered.

Business activities that direct the flow of goods and services from the producer to the consumer is

Detalhes da Resposta

Marketing refers to the process of directing the flow of goods and services from the producer to the consumer. It involves identifying the needs of potential customers, developing products or services to meet those needs, and promoting and distributing them effectively. Marketing encompasses a wide range of activities, including market research, product development, pricing, advertising, and sales. The goal of marketing is to create a mutually beneficial exchange between the producer and the consumer, where the consumer receives a product or service that meets their needs and the producer receives compensation for providing that product or service.

Which of the following is not one of the aims of indigenization? To

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Commerce developed as a result of

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Commerce developed as a result of specialization. Specialization means that individuals or groups focus on producing certain goods or services, rather than trying to produce everything they need on their own. When people specialize, they become more efficient at what they do, which leads to increased productivity and output. This increased productivity creates a surplus of goods that can be traded with others. The exchange of goods and services between individuals or groups is known as commerce. As specialization increases and trade becomes more frequent, competition and speculation may arise, which further fuel the development of commerce. Importation and exportation are also important components of commerce, as they allow goods and services to be traded across borders, expanding markets and opportunities for trade.

Which of the following is a function of advertising?

Detalhes da Resposta

One of the functions of advertising is the "stimulation of demand". Advertising is used to create awareness and interest in a product or service, with the aim of encouraging people to buy it. Advertising can help to stimulate demand in a number of ways. For example, it can highlight the benefits of a product or service, create a sense of urgency to buy, or appeal to consumers' emotions or desires. By doing so, advertising can help to increase sales and revenue for a business. Stimulating demand is particularly important in competitive markets, where businesses are competing for the attention and spending power of consumers. Effective advertising can help a business stand out from its competitors and encourage consumers to choose its products or services over others. Overall, advertising plays an important role in creating and sustaining demand for goods and services, which is essential for the growth and success of businesses.

Division of labour often results in

Detalhes da Resposta

Division of labor often results in an increase in production. This is because when tasks are divided and assigned to different individuals based on their skills and abilities, they can specialize and become more efficient at their specific tasks. This leads to an overall increase in productivity as each individual can focus on their strengths and complete their tasks faster and with greater accuracy. Additionally, division of labor can lead to the development of specialized tools and techniques, further improving productivity and creating greater craftsmanship.

An overdraft can only be granted to the holder of a

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An overdraft can only be granted to the holder of a current account. A current account is a type of deposit account that is primarily designed for transactions such as deposits, withdrawals, and payments. It is also known as a checking account. Overdraft is a facility that allows the account holder to withdraw more money than they have in their account up to a certain limit agreed with the bank. Since overdraft is linked to the transactional nature of a current account, it cannot be granted to holders of fixed deposit, savings deposit, loan account, or any other type of deposit account, as they are not designed for transactions like a current account.

The reorganization of public enterprises to operate as profit-making ventures is known as

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The reorganization of public enterprises to operate as profit-making ventures is known as commercialization. This means that the government-owned enterprises or organizations are transformed to function more like private companies, with the aim of generating profits for the government. This can involve restructuring the organization, introducing market-based strategies and practices, and focusing on revenue generation. The goal of commercialization is to increase efficiency, reduce costs, and improve services, while generating revenue for the government.

An agent who takes possession of goods and sells in his own name but does not guarantee payment is known as

Detalhes da Resposta

An agent who takes possession of goods and sells in his own name but does not guarantee payment is known as a "factor." In other words, a factor acts as an intermediary between the seller and the buyer, taking possession of the goods and selling them on behalf of the seller. However, unlike a del credere agent, a factor does not guarantee payment from the buyer. Instead, the factor assumes no responsibility for the buyer's payment and simply receives a commission for selling the goods on behalf of the seller. Factors are commonly used in the textile, agriculture, and manufacturing industries.

Which of the following conditions may lead to the dissolution of a partnership?

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(a)Give six features of a public company

(b)Explain four reasons for winding up a public limited company
 

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None

Explain any five reasons why commerce is important in the life of a nation 
 

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None

(a) Identify four environmental factors that affect business

(b) Explain how each of the factors mentioned in (a) above affects business operations 
 

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None

(a) Give five reasons why a life assurance policy may be taken

(b) Describe any five insurance policies which a large department shop owner may take.
 

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None

(a) State five objectives of establishing the Economic Community of West African States

(b) Give five reasons why the Lake Chad Basin Commission was established. 
 

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None

(a) What is an advertising medium?

(b) State any five factors to be considered before choosing a particular advertis-ing medium.

(c) Give eight examples of advertising media
 

Detalhes da Resposta

None

(a) Describe five ways by which commercial banks aid international trade

(b) State and explain five functions of the Nigerian Export Promotion Council 
 

Detalhes da Resposta

None

Explain five services of each of the following;
(a) Courier firms
(b) NITEL 
 

Detalhes da Resposta

None

(a) Explain five factors which determine the span of control

(b) Give five functions of the personnel department in a business establishment. 
 

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None

Explain five reasons for consumer protection, stating in each case one relevant government law aimed at the enforcement. 
 

Detalhes da Resposta

None