Fa3 (A)
Fa3 (A)
Fa3 (A)
2007 EXAMINATIONS
(DECEMBER 2007 )
SUGGESTED SOLUTIONS
1
SECTION A
(b) The following documents must be lodged with the Registrar of Companies
before a company can be registered:
(e) (i) Firm stock control – Goods must be stored in an orderly manner so
that any item can be found easily and stock movement tracked.
(ii) Protection – Goods must be stored in such a way that they do not
deteriorate and are safeguarded against theft, fire and pilferage.
(iii) The accepted bill is sent to the exporter’s bank where the exporter
can discount it.
(iv) When the bill falls due, the importer will pay the exporter’s bank
the sum on the Bill.
(ii) where the distance between the supplier and the buyer is so large
that there is delay between the dispatch and the arrival of the
goods.
SECTION B
4. (a) (i) Primary production is concerned with obtaining the direct products
of nature.
(ii) Secondary production relates to the industries concerned with
converting natural products, i.e. manufacturing and constructive
industries.
(e) The four players involved in making sugar available to consumers are:
(i) Primary producers who grow the sugar canes.
(ii) Manufacturers who turn the sugar cane into sugar.
(iii) Wholesalers who buy from the manufacturer to sell to retailers.
(iv) Retailers who buy in bulk from wholesalers and sales to consumers
in single units.
5. (a) A parastatal organisation is a corporation or company created by special
Act of Parliament.
(i) ESCOM;
(ii) ADMARC.
(iii) A country may have vast demands that must be supplemented with
imports.
(2) The members share the profits of the company in the form
of dividends.
(b) The following elements should exist to have a valid contract with crossing
section 78 Mart:
(iii) Each party must assume obligations which are supported by value
or price known as consideration.
(iv) The parties must have necessary capacity to enter into agreement.
(ii) If Bengo was under 18 years of age when entering into the
agreement.
END