Verify Commerce obj and theory 1. BEEBEBDCBC 11.ADAECDDDDC 21.DCEBDBDDAA 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&co nsultation 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. How 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.
Posted on: Wed, 18 Jun 2014 07:22:38 +0000
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