Distinguish between the following:

(a) Broker and Jobber.

(b) Gross profit and net profit

(c) Fixed capital and liquid capital.

(d) Factors and del credere agents.

(e) F. 0. B. and C. I. F. 
 

(a) What is consumerism?

(b) Give three reasons why consumers need protection.

(c) State any five measures taken by government or associations to protect consumers in Nigeria. 
 

(a) What is meant by the term insurable risk?

(b) Explain any four circumstances when an insured may not be indemnified. 
 

(a) List five types of business units in Nigeria.

(b) Give five main differences between a retail co-operative society and a public limited liability company. 
 

Describe any five advantages of the Stock Exchange Market.