Machine WoodWorking2, May/June 2015

Question 4

(4)        (a)        State four conditions for obtaining a loan from a cooperative society.


(b)        State four functions of a wood machine shop storekeeper.

(c)        Explain the term collateral.        

Observation

Most of the candidates scored good marks on the conditions for obtaining a loan from a cooperative society and explanation of the term collateral, but did poorly in the functions of a wood machine shop storekeeper.

The expected response is given below:

(b) Four functions of a store keeper include any four of the following:

(i) receiving stocks

(ii) keeping records of stock

(iii) initiating orders

(iv) issuing out stock

(v) arranging stocks