Ondo State Joint Exam 2017 Commerce Expo Answer
Lawrence Victor
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Ondo state Joint Promotional Commerce OBJ, THEORY/ESSAY Questions and Answer - 2017 Expo Runz COMMERCE OBJ: .1-10: CCDCBBBADB 11-20: BCBDCCA...
Ondo state Joint Promotional Commerce OBJ, THEORY/ESSAY Questions and Answer - 2017 Expo Runz
COMMERCE OBJ:
.1-10: CCDCBBBADB
11-20: BCBDCCADDA
21-30: BADDBCCBCB
31-40: ADABDBCACC
41-50: BCAACACBDA
(answer five questions in all)
1a.
distinguish between commerce and industry
(1b) explain three activities involved in industry
(1c)state four activities involved in commerce
(2a)
what is foreign trade?
(2b)
explain in a tabular form three ways by which foreign trade is different from home trade
(2c)
mention four factors to be considered in setting up a retail trade
+++++++++++++++++++++++++++++
(3a)write short notes on the following; i divition of labour
ii factors of production
iii channels of distribution
iv favourable balance of payment
v exchange
+++++++++++++++++++++++++++++
(4a)
state four reasons why transport is important to commerce
(4b)state three advantages and three disadvantages of air transport
+++++++++++++++++++++++++++++
(5a)
explain six reasons for government participitation in bussines enterprises
(5b)
state four demerits of government participation in business enterprise
+++++++++++++++++++++++++++++
(6a)
what is cooperatives society?
(6b)
metion four types of cooperative society
(6c)
explain any two types of cooperative society
(7a)
explain six features of itinerant trading
(7b)
state four features of a supermarket
+++++++++++++++++++++++++++++
(8a) explain the following;
i fidelity guarantee insurance
ii agricultural insurance
iii motor vehicle insurance
iv aviation insurance
v employees liability insurance
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