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CSEE 🇹🇿 NECTA ✓ Official NECTA answers

Commerce · Paper 1 · 2005

19 questions

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Questions (19)

Section A

2. 0 marks

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

(i) The remuneration received by an agent for services rendered 0 mk
(ii) A retail outlet controlled by manufacturing deal with selling only one type of a product 0 mk
(iii) A partner who does not participate (inactive) in the day to day decision making concerning running of the business 0 mk
(iv) A document which shows the country in which an imported product has been manufactured 0 mk
(v) A tax imposed on home produced goods 0 mk
(vi) The most essential characteristic of money 0 mk
(vii) A minimum number of persons, who must, by government regulations, be present at a meeting before its proceedings can be legally accepted 0 mk
((viii) A place in harbour where ships are loaded, unloaded and sometimes repaired 0 mk
(ix) A continuing rise in the general level of prices and the consequent fall in the purchasing power 0 mk
(x) A system in credit trading whereby the article becomes the property of the deposit paid 0 mk

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Section B

3. 0 marks

Write short notes on the following:

(a) Entrepot trade 0 mk
(b) Dumping 0 mk
(c) Joint demand 0 mk
(d) Price list 0 mk
(e) Bonded warehouse 0 mk

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4. 0 marks

State three (3) advantages and two (2) disadvantages of hire purchase to the hirer and to the seller.

(none) State three (3) advantages and two (2) disadvantages of hire purchase to the seller. 0 mk
(advan) State three (3) advantages of hire purchase to the seller. 3 mk
(disad) State two (2) disadvantages of hire purchase to the seller. 2 mk

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5. 0 marks

Differentiate between the following:

(a) credit note and a debit note 0 mk
(b) cash discount and trade discount 0 mk

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6. 0 marks

Cletus Hezekiah bought a good for Shs. 20,000 and sold it at Shs. 25,000. Calculate:

(a) his profit margin 0 mk
(b) mark up price 0 mk

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Section C

8. 0 marks

(a) What is the importance of communication in trade? (b) Explain briefly four (4) barriers to effective communication.

(a) What is the importance of communication in trade? 0 mk
(b) Explain briefly four (4) barriers to effective communication. 0 mk

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9. 0 marks

(a) What is a cheque? (b) Outline the circumstances under which a cheque may be dishonoured.

(a) What is a cheque? 0 mk
(b) Outline the circumstances under which a cheque may be dishonoured. 0 mk

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