Structures of business

Question

Question 1: Describe the principal purposes of the given business documents:

a) Formal documents (deeds).
b) A credit note.
c) A statement.
d) A purchase order.
e) A petty cash voucher.

Question 2:

a) Describe the given international commercial terms:

• EXW
• DAF
• DDU
• CIF
• FAS

b) Illustrate the functions of a bill of exchange.

c) State the advantages of road transport to a company which supplies retail stores.

Question 3:

a) Describe the significance of marketing.

b) Describe the given methods of production:

• Job costing.
• Process.

Question 4:

a) Differentiate between direct and indirect costs.
b) Describe the three principal types of advertising.
c) Outline the uses of national census.

Question 5: Write brief notes on five:

a) Job satisfaction
b) A cost sheet
c) A bill of lading
d) R and D
e) Breakeven point
f) JIT
g) Overseas trade