Commerce Past Questions and Answers

(a) State five features of a partnership business.<br/>(b) Explain five reasons why governments participate in business.<br/><br/>

(a) State any four advantages of a public limited company.<br/><i>(b) Explain the following:</i><br/>(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture. <br/>

(a) List four means of payment in business.<br/>(b) Explain the following: (i) Quotation (ii) Hire purchase (iii) Deferred payment (iv) Quantity discount. <br/>

(a) State two advantages of courier services.<br/>(b) List and explain six communication services rendered by the post office. <br/>

<i> Explain the following:</i><br/>(a) Insurance underwriter<br/>(b) Promoters<br/>(c) Auctioneer<br/>(d) Factor<br/>(e) Broker. <br/>