Explain each of the following insurance concepts
(a) non indemnity insurance
(b) Group insurance
(c) Re-insurance
(d) Under insurance
(e) Consequential loss insurance.
(a) What is packaging
(b) State three disadvantages of packaging
(c) State five reasons for the packaging of products by Manufacturers.
(a) Define a contract of sale
(b) Outline six items that must be contained in a contract sale.
(a) What is a stock exchange market.
(b) Explain six functions of the stock exchange market
(a) Explain current assets giving two examples.
(b) State two uses of working capital
(c) The state of affairs of Zig stores as at 31st December, 2009 shows the following.
You are required to calculate Zig Stores: Furniture and fittings 30,000 Motor van 164,000 Stocks 76,000 Debtors 50,000 Creditors 60,000 Cash in hand 20,000 Bank overdraft 10,000
(i) current liabilities (ii) current assets (iii) working
