(a) Explain industrial occupation. Give three examples.

(b) State three uses of capital as a factor of production.

(c) State four uses of land as a factor of production.

(a) State five features of a partnership business.

(b) Explain five reasons why governments participate in business.

(a) State any four advantages of a public limited company.

(b) Explain the following:

(I) Ordinary shares (ii) Cumulative preference shares (iii) Debenture. 
 

(a) List four means of payment in business.

(b) Explain the following: (i) Quotation  (ii) Hire purchase  (iii) Deferred payment  (iv) Quantity discount. 
 

(a) State two advantages of courier services.

(b) List and explain six communication services rendered by the post office.