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A bill of exchange is an unconditional order from one party to the other to pay on demand or at a stated future date the sum on the bill. It must be signed by the drawer and be accepted by the drawee.
sharon kalunda answered the question on February 28, 2019 at 13:59
- What is meant by the following abbreviations as used in the study of commerce.
i) F. O. R
ii) O . M . O
iii) C. I . F
iv) C. W. O
(Solved)
What is meant by the following abbreviations as used in the study of commerce.
i) F. O. R
ii) O . M . O
iii) C. I . F
iv) C. W. O
Date posted: February 28, 2019. Answers (1)
- Outline any four features of multiple shops.(Solved)
Outline any four features of multiple shops.
Date posted: February 28, 2019. Answers (1)
- Give any four benefits that a farmer would reap from being a member of a producer cooperative.(Solved)
Give any four benefits that a farmer would reap from being a member of a producer cooperative.
Date posted: February 28, 2019. Answers (1)
- Highlight any four problems or challenges that businesses would face due to adoption
of the decentralization policy.
(Solved)
Highlight any four problems or challenges that businesses would face due to adoption
of the decentralization policy.
Date posted: February 28, 2019. Answers (1)
- Mention four limitations of advertising as a means of sales promotion (Solved)
Mention four limitations of advertising as a means of sales promotion
Date posted: February 28, 2019. Answers (1)
- Mention any four methods used for sending money through the post office.(Solved)
Mention any four methods used for sending money through the post office.
Date posted: February 28, 2019. Answers (1)
- Name the factor of production that each of the following resources relate to. Resource Factor of productiona)Teacher b)Computer c)Water d)Sole proprietor e)Forest(Solved)
Name the factor of production that each of the following resources relate to.
Resource----------Factor of production
a)Teacher
b)Computer
c)Water
d)Sole proprietor
e)Forest
Date posted: February 28, 2019. Answers (1)
- Distinguish the following terms:
a)Free goods and economic goods
b)Consumer goods and producer goods
c)Business wealth and personal wealth
(Solved)
Distinguish the following terms:
a)Free goods and economic goods
b)Consumer goods and producer goods
c)Business wealth and personal wealth
Date posted: February 28, 2019. Answers (1)
- Specialization is the separation of jobs, activities and processes so that every individual concentrates on what they can do best. Name and explain four major...(Solved)
Specialization is the separation of jobs, activities and processes so that every individual concentrates on what they can do best. Name and explain four major such divisions.
Date posted: February 28, 2019. Answers (1)
- Briefly explain the following terms as used in Capital structure of a company.
(i) Registered capital.
(ii) Called - up capital.
(iii) Issued capital.
(iv) Paid - up...(Solved)
Briefly explain the following terms as used in Capital structure of a company.
(i) Registered capital.
(ii) Called - up capital.
(iii) Issued capital.
(iv) Paid - up capital.
Date posted: February 28, 2019. Answers (1)
- Discuss the factors that influence the choice of a filing system in an organization(Solved)
Discuss the factors that influence the choice of a filing system in an organization
Date posted: February 28, 2019. Answers (1)
- Mail order business is whereby customers place their orders through mail and goods
are also send through mail. This business is however...(Solved)
Mail order business is whereby customers place their orders through mail and goods
are also send through mail. This business is however not popular in Kenya.Discuss five reasons to encourage your colleagues to start this type of business.
Date posted: February 28, 2019. Answers (1)
- A business enterprise should keep a budget other than the other statements it
keeps.Discuss reasons why this activity is important.
(Solved)
A business enterprise should keep a budget other than the other statements it
keeps.Discuss reasons why this activity is important.
Date posted: February 28, 2019. Answers (1)
- Money evolved through several stages to get to the currency notes and coins we have today.
However “ Modern - day trade may compare...(Solved)
Money evolved through several stages to get to the currency notes and coins we have today.
However “ Modern - day trade may compare negatively with barter trade”. Discuss this statement giving it your support.
Date posted: February 28, 2019. Answers (1)
- Despite major development in the transport sector, many people are still using carts (both those driven by animals and those pushed by human beings).Discuss five...(Solved)
Despite major development in the transport sector, many people are still using carts (both those driven by animals and those pushed by human beings). Discuss five reasons to show why this type of transport is still preferable to others.
Date posted: February 28, 2019. Answers (1)
- Discuss five differences between a bank statement and a bank pass book. (Solved)
Discuss five differences between a bank statement and a bank pass book.
Date posted: February 28, 2019. Answers (1)
- Marketing boards are producer organizations set up to encourage and control the selling of agricultural products. Discuss five functions of these organizations. ...(Solved)
Marketing boards are producer organizations set up to encourage and control the selling of agricultural products. Discuss five functions of these organizations.
Date posted: February 28, 2019. Answers (1)
- Name four file covers used in an office.(Solved)
Name four file covers used in an office.
Date posted: February 28, 2019. Answers (1)
- The following balances relates to a business for the year ended 31 Dec 1990.
Capital as at 31...(Solved)
The following balances relates to a business for the year ended 31 Dec 1990.
Capital as at 31 December 1990 170,000
Drawings for the year 5,000
Net profit for the year 5,000
Extra capital introduced 52,000
Purchases 20,000
i) Determine the amount of capital as at 1 Jan. 1990
ii)Net profit ratio.
Date posted: February 28, 2019. Answers (1)
- International trade improves the economic welfare of a country. The recent opening of the East African co-operation seeks to diversify International trade. Highlight four factors...(Solved)
International trade improves the economic welfare of a country. The recent opening of the East African
co-operation seeks to diversify International trade. Highlight four factors that may hinder this good intention.
Date posted: February 28, 2019. Answers (1)