Which of the following is a capital item?
(i) Copper wire
(ii) Raw materials for baking
(iii) Shares
(iv) Consumable stores
(v) Motor car
A.Copper wire
B.Raw materials for baking
C.Shares
D.Consumable stores
E.Motor car
2.6 marks
Match the descriptions of the entrepreneurial skills in List A with the appropriate skills in List B by writing the letter of the correct response beside the corresponding item number in the answer booklet provided.
(i)
An inner desire to do something new.
1 mk
(ii)
An ability to assess the situation and make the right choice which can improve the business.
1 mk
(iii)
An ability to influence employees to perform their activities effectively and efficiently.
1 mk
(iv)
An ability of gathering the data regarding various business opportunities.
1 mk
(v)
An ability to identify difficulties in the society and come up with new and creative ideas to solve such difficulties.
1 mk
(vi)
An ability to develop and use the logical step by step strategies and be able to attain the goals.
1 mk
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12.1 mark
Which of the following is a component of economic development?
(i) Increase in per capita income
(ii) Improvement in the standard of living
(iii) Structural transformation of the economy
(iv) Increase in quantity of goods produced
A.(i) and (ii) only
B.(i), (ii) and (iii) only
C.(i), (ii) and (iv) only
D.(ii), (iii) and (iv) only
E.All of the above
13.1 mark
Which of the following is a form of partnership?
(i) General partnership
(ii) Limited partnership
(iii) Nominee partnership
(iv) Sleeping partnership
A.(i) and (ii) only
B.(i), (ii) and (iv) only
C.(i), (iii) and (iv) only
D.(ii), (iii) and (iv) only
E.All of the above
14.1 mark
Which of the following are characteristics of a sole proprietorship?
(i) Unlimited liability
(ii) Easy to form
(iii) Limited capital
(iv) Close supervision
A.(i) and (ii) only
B.(i), (ii) and (iii) only
C.(i), (ii) and (iv) only
D.(ii), (iii) and (iv) only
E.All of the above
15.1 mark
Which of the following is a determinant of demand?
(i) Income of consumers
(ii) Price of related goods
(iii) Taste and preference
(iv) Advertisement
A.(i) and (ii) only
B.(i), (ii) and (iii) only
C.(i), (ii) and (iv) only
D.(ii), (iii) and (iv) only
E.All of the above
16.1 mark
Which of the following is a characteristic of a limited company?
(i) Separate legal entity
(ii) Unlimited liability of shareholders
(iii) Transferability of shares
(iv) Minimum number of shareholders
A.(i) and (ii) only
B.(i), (iii) and (iv) only
C.(i), (ii) and (iii) only
D.(ii), (iii) and (iv) only
E.All of the above
17.1 mark
Which of the following is a source of short-term finance?
(i) Retained profits
(ii) Bank overdraft
(iii) Debentures
(iv) Issue of shares
A.(i) and (ii) only
B.(i), (ii) and (iii) only
C.(i), (ii) and (iv) only
D.(ii), (iii) and (iv) only
E.All of the above
18.1 mark
Which of the following is a characteristic of perfect competition?
(i) Single seller
(ii) Homogeneous products
(iii) Free entry and exit
(iv) Imperfect knowledge
A.(i) and (ii) only
B.(ii) and (iii) only
C.(i), (iii) and (iv) only
D.(i), (ii) and (iv) only
E.All of the above
19.1 mark
Which of the following is a type of economic activity?
(i) Teaching
(ii) Health services
(iii) Banking
(iv) Refining
A.(i) and (ii) only
B.(i), (ii) and (iii) only
C.(i), (ii) and (iv) only
D.(i), (ii), (iii) and (iv)
E.None of the above
20.1 mark
Which of the following is a condition for economic growth?
(i) Increase in capital stock
(ii) Technological progress
(iii) Increase in labour force
(iv) Improvement in management
A.(i) and (ii) only
B.(i), (ii) and (iii) only
C.(i), (ii) and (iv) only
D.(ii), (iii) and (iv) only
E.All of the above
Section B
3.6 marks
Using the knowledge in business communication:
(a)
Elaborate four benefits of using written communication in business.
4 mk
(a)
Elaborate four benefits of using written communication in business.
4 mk
(b)
Suggest two factors that may hinder effectiveness of written communication in business.
2 mk
(b)
Suggest two factors that may hinder effectiveness of written communication in business.
2 mk
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4.6 marks
Differentiate the following terms as used in business management:
(a)
If barriers in interpersonal communication are identified for a company, explain the four types of barriers in interpersonal communication of a company.
5 mk
(a)
Explain four different points in case of if you can listen to the management, which can be used to support in running a company. (4 Mks)
4 mk
(b(i))
Differentiate business management from business ethics.
2 mk
(b(ii))
Differentiate span of control from scalar chain.
2 mk
((b)(i)
Span of control from scalar chain.
2 mk
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5.7 marks
My purpose of studying is to improve my production of goods and services and give a reason for your answer.
(a)
My project on assessing a situation needs improvement in production and not just a sale of goods and services. Identify the type of production you have suggested in part (a).
3 mk
(a)
Identify the type of production management you have engaged in.
2 mk
(b)
Explain the five advantages of the type of production you have identified in part (a).
5 mk
(b)
Explain the five advantages of the type of production you have identified in part (a).
5 mk
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Section C
6.5 marks
Answer the following questions:
(a) Explain the main internal features of a company that are important for attracting foreign direct investment.
(b) Justify four arguments for and against the "turnover tax" policy.
(i)
An inner desire to do something new.
1 mk
(a)
Explain the main internal features of a company that are important for attracting foreign direct investment.
3 mk
(ii)
An ability to assess the situation and make the right choice which can improve the business.
1 mk
(b)
Justify four arguments for and against the "turnover tax" policy.
2 mk
(iii)
An ability to influence employees to perform their activities effectively and efficiently.
1 mk
(iv)
An ability of gathering the data regarding various business opportunities.
1 mk
(v)
An ability to identify difficulties in the society and come up with new and creative ideas to solve such difficulties.
1 mk
(vi)
An ability to develop and use the logical step by step strategies and be able to attain the goals.
1 mk
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7.5 marks
With reference to "Taxation Policy" as a tool of economic policy:
(a) Describe the principle of "equity" in taxation.
(b) Explain the role of taxation in promoting economic growth and development.
(a)
Elaborate four benefits of using written communication in business.
4 mk
(a)
Describe the principle of "equity" in taxation.
2 mk
(b)
Suggest two factors that may hinder effectiveness of written communication in business.
2 mk
(b)
Explain the role of taxation in promoting economic growth and development.
3 mk
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8.5 marks
Consider the following statement: "Trade liberalization significantly impacts domestic industries and employment."
(a) Define "trade liberalization".
(b) Explain two arguments for and two arguments against the liberalization of international trade, with special reference to the impact on domestic employment.
(a)
Define "trade liberalization".
1 mk
(b)
Explain two arguments for and two arguments against the liberalization of international trade, with special reference to the impact on domestic employment.
4 mk
((a)(i)
Differentiate Span of control from scalar chain.
3 mk
(b)
Based upon the following list of activities, explain in principle five important points of management which can be used to guide your employees. (Note: The list of activities is missing from the provided text, assuming a general question about management points).
4 mk
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9.5 marks
Discus the following concepts in relation to the "turnover tax" policy:
(a) The "turnover tax" policy as a tool of government revenue.
(b) Its role in controlling inflation.
(a)
Identify the type of production you have identified in part (a). (Assuming part (a) implies calculating annual sales: 1200 units * TZS 2000/unit = TZS 2,400,000). The production of grass brooms and juy suggests mass production or batch production depending on scale.
1 mk
(a)
The "turnover tax" policy as a tool of government revenue.
2 mk
(b)
Explain the five advantages of the type of production you have identified in part (a).
8 mk
(b)
Its role in controlling inflation.
3 mk
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10.5 marks
Illustrate with relevant examples, "turnover tax" policy:
(a) as a source of government revenue.
(b) against the domestic producers who use imported raw materials.
(c) The impact of "turnover tax" policy on the whole economy.
(a)
as a source of government revenue.
2 mk
(b)
against the domestic producers who use imported raw materials.
1 mk
(c)
The impact of "turnover tax" policy on the whole economy.
2 mk
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11.5 marks
Answer the following questions:
(a) Briefly describe the main purpose of "turnover tax" policy.
(b) Explain three arguments for and three arguments against the implementation of the "turnover tax" policy in Tanzania.
(a)
Briefly describe the main purpose of "turnover tax" policy.
1 mk
(b)
Explain three arguments for and three arguments against the implementation of the "turnover tax" policy in Tanzania.
4 mk