(a) What is production?

(b) Explain the different activities involved in industrial, commercial and service occupations.
 

 (a) What is transportation by pipeline?

(b) Explain any four advantages and four disadvantages of transportation by pipeline. 
 

(a) Distinguish between commercial banks and merchant banks.

(b) Explain each of the following:
(i) Order cheque
 (ii) Bearer cheque
 (iii) Certified cheque
 (iv) Non-Negotiable cheque.
 

Explain five ways by which NITEL has contributed to the success of business in Nigeria. 
 

(a) What is personal selling?

(b) Explain four reasons why firms engage in personal selling.