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BUSINESS STUDIES/COMMERCE. SS2 – SS3

BUSINESS STUDIES/COMMERCE. SS2 – SS3



ATTEMPT ALL THE
QUESTIONS.


1.      
  (a)  
What is the difference between a product oriented and a market oriented
business?

(b)      Why might a business
that is entirely product- oriented find it difficult to survive.



2.      
  (a)  
Explain the following insurance terms:

                       -Actuary
                       - Insurable interest
                       -Uberrimae fidei
                       - Premium
                       - Indemnity


3.      
   Write short notes on the following
speculators and explain how they expect to profit from their activities:


-         
A bull
-         
A bear
-         
A stag
-         
 Jobbers                  


4.      
Explain
the importance of the Nigerian Stock Exchange in an economy.


5.      
   (a) 
Distinguish between power, authority and responsibility.

                (b)  Differentiate between the term span of
control and chain of command in the structure of an organization.
                     






'via Blog this'

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BUSINESS STUDIES/COMMERCE. SS2 – SS3

BUSINESS STUDIES/COMMERCE. SS2 – SS3



ATTEMPT ALL THE
QUESTIONS.


1.      
  (a)  
What is the difference between a product oriented and a market oriented
business?

(b)      Why might a business
that is entirely product- oriented find it difficult to survive.



2.      
  (a)  
Explain the following insurance terms:

                       -Actuary
                       - Insurable interest
                       -Uberrimae fidei
                       - Premium
                       - Indemnity


3.      
   Write short notes on the following
speculators and explain how they expect to profit from their activities:


-         
A bull
-         
A bear
-         
A stag
-         
 Jobbers                  


4.      
Explain
the importance of the Nigerian Stock Exchange in an economy.


5.      
   (a) 
Distinguish between power, authority and responsibility.

                (b)  Differentiate between the term span of
control and chain of command in the structure of an organization.
                     






'via Blog this'
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