(a) Give three similarities and three differences between hire purchase and deferred payment.

(b) Explain four reasons why a trader would prefer the use of cheque to cash for large payments.
 

(a) What is public relations?

(b) State and explain five media of public relations. 
 

(a) Give four uses of an Organization chart

(b) Explain three reasons why managers may refuse to delegate

(c) State three advantages of delegation of authority. 
 

(a) Give two uses of each of the following documents in business transaction.
(I) Proforma invoice
(ii) Advice note
(iii) Credit note
(iv) Statement of account
(v) Receipt. 
 

(a) State any five channels of distribution for consumer goods.

(b) Explain five factors to be considered before choosing a particular channel.