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CSEE

Commerce · Paper 1 · 2003

19 questions 🇹🇿 NECTA ✓ Official NECTA answers

CSEE 🇹🇿 NECTA ✓ Official NECTA answers

Commerce · Paper 1 · 2003

19 questions

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Questions (19)

Section A

1. 20 marks

For each of the items (i) - (x), choose the correct answer from among the given alternatives and write its letter beside the item number.

A. enable consumers to buy goods

B. enable traders to earn profit

C. bridge the gap between producers and consumers

D. help manufacturers to produce goods for use

E. satisfy human needs

Section B

2. 10 marks

Match the items in list A with the responses in list B by writing the letter of the corresponding response beside the item number. LIST A LIST B

(i) Changing raw materials into finished goods 1 mk

(a) National wide wholesaler 1 mk

(ii) A means by which an importer obtains credit and exporter gets assurances of payment due to him 1 mk

(b) Bill of lading 1 mk

(iii) The management of stocks in a warehouse so that the goods are available when required 1 mk

(d) Tied shop 1 mk

(iv) A document which acts as the title of ownership to goods as well as an acknowledgement for imported goods 1 mk

(v) Implies the situation of fulfillment of a need to get the right item 1 mk

(e) Hedging 1 mk

(vi) A word used to a wholesaler with large warehouses operating on a very large scale like a country 1 mk

(f) Manufacturing 1 mk

(g) Management of stock 1 mk

(vii) Loans made to a company which carries a fixed rate of interest 1 mk

((viii) A periodical valuing of all goods on hand 1 mk

(h) Utility 1 mk

(ix) Protection against price fluctuation and a buyer guaranteed a certain quantity at a fixed price at the future rate 1 mk

(i) Stock taking 1 mk

(j) Demand 1 mk

(x) Shops which sell the products of a particular manufacturer 1 mk

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3. 0 marks

Write short notes on the following:

(a) Credit instruments 0 mk

(b) Stock control 0 mk

(d) Partnership deed 0 mk

(e) Principles of taxation 0 mk

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5. 0 marks

Study the schedule below: Demand in kg: 200 400 600 800 1000 Price in Shs per kg: 100 80 60 40 20 Supply in kg: 1000 800 600 400 200 (a) From the above information calculate the price elasticity of demand when price changes from Shs. 40 per kg to Shs. 20 per kg. (b) State whether the price elasticity of demand is elastic or unitary. Give reasons for your answer.

(a) From the above information calculate the price elasticity of demand when price changes from Shs. 40 per kg to Shs. 20 per kg. 0 mk

(b) State whether the price elasticity of demand is elastic or unitary. Give reasons for your answer. 0 mk

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6. 0 marks

Differentiate:

(a) A cooperative organization from a partnership 0 mk

(b) Visible trade from invisible trade 0 mk

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Section C

7. 0 marks

(a) Define money. 0 mk

(b) Explain five qualities of good money. 0 mk

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8. 0 marks

(a) Define the term hyper-market. 0 mk

(b) Outline advantages of hyper-market. 0 mk

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9. 0 marks

(a) What is management? 0 mk

(b) State and explain five basic functions of management. 0 mk

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