commerce answer

Commerce Answers
Verify Commerce obj
1-10:. BEEBEBDCBC
11-20:. ADAECDDDDC
21-30:. DCEBDBDDAA
31-40:. CCDDDADDCC
41-50:. CADCDACDAC
51-60:. ECDADAEEEB
Number (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). Diffrent Btw
Marketing. | Selling.
(I) It identifies consumer needs. | it
sells available product
(ii)It consern with satisf- of.| it consern
with producer the consumer
(iii)It satisfy consumer at a profit| it
satisfy producer at a profit
1c)
* place
* Form
* Time
Number (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
Number (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
tras- on the sub-region
* To bring about saving in the use of
member state foreigners
reserves
* To enhance monetary co-operation &
consultation among member states
* To encourage and promote trade and
exchange liberation among member
states.
Number (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.
Number (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.