Answer Five questions only. Question 1 is compulsory. All questions carry equal marks. Show all workings where necessary. Write in clear English. QUESTION 1 (Compulsory) CASE STUDY Mboa Agro Traders Ltd is a Douala-based company involved in the importation of fertilizers and exportation of cocoa and coffee. The company has recently expanded its operations to Bamenda, Garoua and Buea. Due to poor management, the business has faced problems such as stock losses, delayed deliveries, customer complaints and declining profits. The manager has proposed the following measures: Introduction of e-commerce services Use of bonded warehouses at Douala Port Purchase of insurance policies Obtaining a bank overdraft Intensive advertising through radio and television Use of containerization for exports Required: a. Explain four functions of commerce illustrated in the case study. (8 marks) b. State four problems faced by wholesalers in Cameroon. (4 marks) c. Explain three advantages of e-commerce to the company. (6 marks) d. Distinguish between bonded warehouse and ordinary warehouse. (4 marks) e. Explain four principles of insurance that may apply to the company. (8 marks) QUESTION 2 a. Explain five differences between home trade and foreign trade. (10 marks) b. Describe five services rendered by wholesalers to manufacturers. (10 marks) c. State five reasons why small-scale retail shops still survive despite the growth of supermarkets. (5 marks) QUESTION 3 a. Explain five advantages of road transport in Cameroon. (10 marks) b. State five disadvantages of air transport. (5 marks) c. Explain five factors that determine the choice of transport. (10 marks) QUESTION 4 a. Explain the procedure followed when paying by cheque. (10 marks) b. Distinguish between: i. Trade discount and cash discount ii. Debit note and credit note iii. Crossing of cheque and endorsement of cheque (9 marks) c. State three functions of the Central Bank. (6 marks) QUESTION 5 a. Explain five advantages of partnership business. (10 marks) b. State five disadvantages of sole proprietorship. (5 marks) c. Explain five contents of the Memorandum of Association. (10 marks) QUESTION 6 a. Explain five functions of advertising. (10 marks) b. State five disadvantages of advertising to consumers. (5 marks) c. Explain five factors to consider when choosing an advertising medium. (10 marks) QUESTION 7 a. Explain five functions of warehousing. (10 marks) b. State five advantages of containerization in international trade. (5 marks) c. Explain five problems facing foreign trade in Cameroon. (10 marks) QUESTION 8 a. Explain five advantages of hire purchase to consumers. (10 marks) b. State five disadvantages of hire purchase to sellers. (5 marks) c. Explain five differences between ordinary shares and debentures. (10 marks) QUESTION 9 a. Explain five characteristics of an entrepreneur. (10 marks) b. State five causes of business failure in Cameroon. (5 marks) c. Explain five functions of the Cameroon Chamber of Commerce. (10 marks) QUESTION 10 a. Explain five functions of commercial banks. (10 marks) b. State five limitations of commercial banks in rural areas. (5 marks) c. Explain five methods used by the Central Bank to control credit. (10 marks)