Commerce Past Questions and Answers

<i>Describe each of the following documents and state one use of each: </i><br/>(a) consular invoice<br/>(b) bill of lading<br/>(c) certificate of origin<br/>(d) bill of sight <br/>

(a) Explain five functions of the Customs Authority<br/>(b) State five advantages of international trade <br/>

<i>Explain the following terms as used on the stock exchange market: </i><br/>(a) Backwardation<br/>(b) Bear<br/>(c) Jobber<br/>(d) Jobber's turn<br/>(e) Brokerage <br/>

<i>(a) Explain the following terms: </i><br/>(i) goodwill<br/>(ii) patents<br/>(iii) trade mark<br/>(iv) copyright<br/>(b) State four factors that could lead to the dissolution of a limited liability company<br/>

(a) Distinguish between nationalization and indigenization<br/>(b) State five advantages of nationalization and three disadvantages of indigenization