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Question 2
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Question 2
(a) What is storekeeping?
(b) Explain the following risk management terms
(i) Hedging
- Forward contract
(c) State three functions of a store manager. |
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Comments
- Candidates’ performance was impressive. Most of the candidates were
able to answer both parts (a) and (c) correctly
- Part (b) of the question was poorly attempted by the candidates. The following are some of the required answers.
- Hedging - is a way of investing in two or more assets such that one would compensate for the other in case there is a loss in one or more assets.
- Forward contract - is an arrangement to buy or sell an item but delivery will not take place until a future date at a price fixed today.
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