Akani and Sule are sole proprietors. Akani proposed that their businesses be merged to form a partnership.

(a) Explain to Sule how such a partnership would be to their mutual benefit

(b) State five reasons why Sule might be reluctant to accept the proposal. 
 

(a) Explain the following terms:
(i) bearer cheque
 (ii) open cheque
(iii) order cheque
 (iv) crossed cheque.

(b) Explain any six factors which a bank manager would take into consideration in evaluating an application for a loan. 
 

State the functions of: |
(a) NIPOST
(b) NITEL
 

(a) Distinguish between Nationalization and Indigenisation

(b) State any five advantages of nationalization and two objectives of indigenisation. 

(a) What is marketing?

(b) Explain any six reasons why a manufacturer may sell directly to consumers.