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Verify Commerce obj
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31. CCDDDADDCC
41. CADCDACDAC
51. ECDADAEEEB
1a)
TYPE oF MARKET
(I) FINANCIAL MARKET: is a market where money, storks,
shares, debentures are sold. Such a market is divided into
Money and capital market
(ii) COMMODITY MARKET: is a market where physical
goods are traded
(iii) LABOUR MARKET: is a market where workers
exchange their labour skills with money from employers
(Ib). Marketing. | Selling.
(I) It identifies consumer needs. | it sells available product
(ii)It consern with satisfaction of.| it consern with producer
the consumer
(iii)It satisfy consumer at a profit| it satisfy producer at a
profit
1c)
* place
* Form
* Time
2a) Calculate of Net profit
#. | #
Stock. = 2200. | Sales. 46000
Purchase. = 8500. | Returns. 600
Carriage. = 500. | 45400
31000. |
Stock. = 4000. |
= 27000. |
Gross profit. = 18400. |
= 45400. | 45400
Wages. = 2000. | gross profit. 18400
Expenses. = 500. |
Netprofit. =15900. |
Total. =18400. | 18400
2b) Turnover = 46000 – 600
#45400
2c) Group profit%. = Gp/turnover x 100
= 18400/45400 x 100
= 40.5%
2d) Average stock. = open stock + close stock/2
= 22000 + 4000/2 = #13000
3a)
* To ensure a good and efficient management of enterprises
* To reduce public expenditure
* To ensure participation of private individuals
* To generate more revenue from enterprise
* To remove unproductive enterprise
3b)
* To promote the use of natural currency in trade&non-trade
trasaction on the sub-region
* To bring about saving in the use of member state foreigners
reserves
* To enhance monetary co-operation&consultation among
member states
* To encourage and promote trade and exchange liberation
among member states
.
6a)
Patnership Deed is the act of partners to draft rules and
regulations that will guide the business unit. On the Other
side, these agreements,rules and regulations guiding the
members of partnership business Organisation is known as
Partnership Deed or Deed Of Partnership.
6b)
i. Name Of the Partners
ii. The name and nature of the business formed.
iii. The amount of capital contributed by each partners.
iv. The role of each partner in the business.
v. How many profits and losses are to be shared.
vi. How long the business shall last.
vii. The business shall end when the need arises.
viii. The right of partners in the business.
9a)
Delegation Of Authority means the transfer of power or right
to a surbodinate to give orders and enforce obedience in the
performance of a particular Job.
9b)
Advantages Of Delegation Of Authorities
i. Time saving
ii. It spreads out work
iii. It leads to training
iv. Foster a feeding of importance.
Divadvantages Of Delegation Of Authorities.
i. Its prone to abuse
ii. May lead to comflict
iii. May Encourage Disabedience
iv. May be used as instrument of Vendetta.

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