(a) Distinguish between Commerce and Industry

(b) (i) Explain three activities involved in industry

(ii) Explain five activities involved in commerce
 

(a) State five features of a public corporation

(b) list and explain five sources of capital available to a limited liability company
 

(a) What is mail order business?

(b) list and explain six trends in retailing 
 

Write explanatory notes on the following Stock Exchange terms

(a) Bull (b) Bear (c) Option (d) Backwardation (e) Contango
 

Explain the following insurance terms;

(a) proximate cause

(b) surrender value

(c) contribution

(d) utmost good faith

(e) premium