Commerce Past Questions and Answers

Which of the following is not a feature of a sole trader

A practice where producers of the same product come together to advertise is known as

(a) What is foreign trade?
(b) Explain four ways by which foreign trade is different from home trade.
(c) State five reasons why countries restrict foreign trade.

(a) State three differences between:
(i) shareholders and debenture holders.
(ii) Ordinary shares and preference shares.
(b) Explain four reasons for winding up a public limited company.

(a) What is non-indemnity insurance?
(b) List and explain three types of life assurance policies.
(c) Explain the term surrender value.