S S ONE
SECTION A THEORY
ANSWER FOUR UESTIONS ONLY
1]. Define the term departmentalization
B].List out six departments
C]. Write two functions for each departments listed above
. What is office layout
B]. Differentiate between the types of office layouts
C]. Write two advantages and two disadvantages of the office layouts given above
. Give five factors to be considered when purchasing and office machine
B]. Define business letter
C]. List and explain five parts of a business letter
. List out five staffs in an office and give two duties for each
B]. Define the term ‘mail’
C]. List out the procedures for receiving mails
 Define office procedures.
B]. Define ‘MEAN OF PAYMENT’
[C]. What are the importance of office procedures
S S ONE
SECTION A THEORY
ANSWER ONE UESTION IN THIS SECTION
OUTPUT FIXED COST VARIABLE COST TOTAL COST TOTAL REV.
0 100 0 100 ?
1 100 40 140 ?
2 100 64 164 ?
3 100 70 170 ?
4 100 80 180 ?
5 100 96 196 ?
The fixed price of the firms is N45,00
[a]. Calculate the AFC,AVC,AC,AR ANDMR
[B]. At what point did the firm break even
[c]/ What point did the firm make profit
[d]. Did the firm make profit at output
[e] Show your workings clearly
. The table below shows the various possible combination of military and civilian goods produced by a country . Use the table to answer the uestions that ollow;
0 CIVILIAN GOODS
[A]. Draw the production possibility curve on a graph
[b]. Indicate point S and K at which production is not feasible
[c]. Indicate points M and N at which resources are not efficiently utilized
[d]. What does the downward slope of the PPC indicates
[e]. Why is production not feasible t the point S and K
SECTION B [ ANSWER FOUR UESTIONS ONLY FROM THIS SECTION]
UESTIONS 2 AND 3 ARE COMPULSORY.
Define financial institution
[b] List the differences between commercial and Central banks
[c] List four types of financial institution and explain any three
. Give 3 scholarly definition of economics
[b] List and explain 5 basics concepts of Economics
[c]. Give five reasons why we study Economics
 Write on everything you know about the concepts demands and supply
[b]. Explain three motives of holding money
. Define population census and gives its types.
[b]. Define labour market
. Define the following terms and give the formular for each
[c] Average revenue
[d]Elasticity of supply
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