Businessmen who do not have permanent business premises are called: A. itinerant traders B. gamblers C. brokers D. under winters E. retailers

Write short notes on the following: (a) I.O.U (b) Bank overdraft (c) Security (d) Insurance policy (e) Stock exchange

1. A condition whereby the volume of purchasing power is constantly running ahead of the output of goods and services (1 mk)
2. I.O.U (2 mk)
3. Is a document issued by the company as an evidence of debt (1 mk)
4. Bank overdraft (2 mk)
5. Security (2 mk)
6. Refer to the amounts owed to other people (1 mk)
7. Is the method which is used to stimulate the demand for the company's product (1 mk)
8. Insurance policy (2 mk)
9. Is an informal way of borrowing from the bank for a short period (1 mk)
10. Stock exchange (2 mk)
11. Is a framework within which people act as one body (1 mk)
12. Is exposing oneself to the possibility of a loss (1 mk)
13. Are those ships that sail from one port to another along the sea shore (1 mk)
14. Is the purchase or sale of goods today with delivery scheduled for sometime in the future (1 mk)
15. Is the acquisition of a benefit that will arise in the future (1 mk)

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Distinguish between the following: (a) Assurance and insurance (b) Ad-valorem duties and specific duties

1. Assurance and insurance (2 mk)
2. Ad-valorem duties and specific duties (2 mk)

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(a) Define a cheque. (b) Draft a cheque from the following data: (i) Drawer's name - Waziri John of Dodoma (ii) Name of the bank - NBC Ltd Dodoma (iii) Amount to be paid - Tshs. 50,000/= (iv) Payee - Chausiku Mohamed of Dodoma (v) Date - 10/11/2003 (vi) Account No. - 4615102 (vii) Cheque No. - A 201561 (viii) Make it an order and cross it specially.

1. Define a cheque. (2 mk)
2. Draft a cheque from the following data: (i) Drawer's name - Waziri John of Dodoma (ii) Name of the bank - NBC Ltd Dodoma (iii) Amount to be paid - Tshs. 50,000/= (iv) Payee - Chausiku Mohamed of Dodoma (v) Date - 10/11/2003 (vi) Account No. - 4615102 (vii) Cheque No. - A 201561 (viii) Make it an order and cross it specially. (6 mk)

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Complete the following chart and show clearly the calculations. A•v era ge stock Cost of sales Net sales Gross profit Rate of stock turnover Expenses Net profit A 35,000 210,000 265,000 (a)(i) (a)(ii) 18,100 (a)(iii) B 24,000 (b)(i) (b)(i) 41,000 8 27,450 (b)(iii) C (c)(i) 240,000 (c)(ii) (c)(iii) 10 26,600 23,400

1. Net profit for row A (3 mk)
2. Net profit for row B (3 mk)
3. Gross profit for row C (3 mk)

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(a) What is a cooperative society? (b) Mention and explain the principles of a co-operative society.

1. What is a cooperative society? (3 mk)
2. Mention and explain the principles of a co-operative society. (7 mk)

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(a) Define international trade. (b) Outline four (4) advantages and four (4) disadvantages of international trade.

1. Define international trade. (2 mk)
2. Outline four (4) advantages and four (4) disadvantages of international trade. (8 mk)

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(a) What is planning? (b) Explain why planning is an important function of management.

1. What is planning? (3 mk)
2. Explain why planning is an important function of management. (7 mk)

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What factors help a carrier/transporter to compute freight charges on consignment to be transported?

1. Weight of the consignment (1 mk)
2. Volume or dimensions of the consignment (1 mk)
3. Distance of transportation (1 mk)
4. Nature of the goods (1 mk)
5. Mode of transport (1 mk)
6. Urgency of delivery (1 mk)
7. Additional services (1 mk)

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