by Sunday | Sep 23 | NABTEB QUESTIONS
The various means of transportation are: 1. Road 2. Rail 3. Air 4. Sea or water 5. Containerization 6. Pipelines 7. Beast of burden 8. Porter age 9. Parcel post
by Sunday | Sep 23 | NABTEB QUESTIONS
The following are the measures government may take to promote export: 1. Subsides: This is payment made by government to producers in order to reduce the cost of production and make their goods more competitive with foreign ones. 2. Organizing local or international...
by Sunday | Sep 23 | NABTEB QUESTIONS
The measure government may take to restrict import are: 1. Import license: Government making it a rule for importers to obtain it before embarking on importation 2. Devaluation of local currency: This will make the importation to be very costly 3. Stiff exchange...
by Sunday | Sep 22 | NABTEB QUESTIONS
The conditions for dissolving a partnership are: 1. At the expiration of the fixed time for which the partnership was formed 2. By court order to dissolve the association. 3. When one partner gives notice to the others of his intention to dissolve the firm 4. At the...
by Sunday | Sep 22 | NABTEB QUESTIONS
The disadvantages of partnership are: 1. Unlimited liability: Each partner is jointly liable with the other partners for all the debts and obligations of the firm 2. The formation of partnership requires a lot of formalities. 3. Constant disagreement that may bring...
by Sunday | Sep 22 | NABTEB QUESTIONS
The factors which a business man may consider before choosing means of transport for his goods are: 1. Distance/Location: The location where the goods are needed will help to determine the choice of transport. Where the place is far, air may be chosen. 2. Unit volume...