(a) What is foreign trade?

(b) Explain four ways by which foreign trade is different from home trade.

(c) State five reasons why countries restrict foreign trade.
 

(a) State three differences between:
(i) shareholders and debenture holders.
(ii) Ordinary shares and preference shares.

(b) Explain four reasons for winding up a public limited company. 
 

(a) What is non-indemnity insurance?

(b) List and explain three types of life assurance policies.

(c) Explain the term surrender value.
 

(a) Who is a common carrier?

(b) State three functions of each of the following communication agents:
(i) Post Office.
(ii) Telecommunication.
(iii) Courier companies.