(a) Explain five functions of the Customs Authority

(b) State five advantages of international trade 
 

Explain the following terms as used on the stock exchange market:

(a) Backwardation
(b) Bear
(c) Jobber
(d) Jobber's turn
(e) Brokerage 
 

(a) Explain the following terms:
(i) goodwill
(ii) patents
(iii) trade mark
(iv) copyright

(b) State four factors that could lead to the dissolution of a limited liability company
 

(a) Distinguish between nationalization and indigenization

(b) State five advantages of nationalization and three disadvantages of indigenization

Calculate (showing all workings) the: (a) gross profit (b) average stock (c) net profit