Author: KNEC notes and Past Papers

This is a place where various securities are traded(bought and sold).securities include shares of listed companies, debentures and government bonds. There are two main subsidiaries of this market i.e. Primary market – this deals with securities that have been issued Read More …

At a port, airport or a railway terminal. At manufacturers premises. At the distributors or wholesale places. At retailers place.

It should be located in a suitable place to facilitate receipt of goods as well as their use. It should have appropriate features i.e. buildings which are suitable for the types of goods stored. It should be equipped with appropriate Read More …

This importance’s cut across the producers, traders and consumers. It ensures steady supply of goods into the market since they are stored in a warehouse and released when the market needs them. It ensures no surplus or shortage of goods. Read More …

A warehouse is a building where goods are stored until the time they are required either for consumption, sale or other use. It is also called go down, a depot or a silo. Warehousing refers the process of receiving goods Read More …

Education policy – the high demand for education and its increased cost especially in secondary schools and tertiary institutions has necessitated the need for many parents to take out school fees policies for their childrens education. Key – mans insurance Read More …

If one had defaulted on some premiums. If the insured has intentionally instigated or caused the occurrence of the insured risk. If the loss suffered is not directly related to the insured risk. If the occurrence of the insured risk Read More …

Reporting to the insurer-incase a loss or risk for which an insured is covered by the policy occurs, the insured is required to report to the insurer within a specified period of time. Filling in the claim form-on reporting, a Read More …

Identifying an insurer-one should start by comparing the policies offered by various available insurance companies. Either by directly approaching the insurance company or using a trust worthy insurance broker/agent. Insurance broker-this is full time insurance agent who works for different Read More …