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FTNA 🇹🇿 NECTA ✓ Official NECTA answers

Commerce · Paper 2 · 2024

38 questions

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Questions (38)

Section A

6. 1 mark

Which of the following is an example of an extrinsic motivation to an entrepreneur of a soft drink production company? Which of the following is an example of an intrinsic motivation to an entrepreneur of a soft drink production company?

A. Profit
B. Responsibility
C. Participation
D. Recognition
8. 0 marks

Zamzam Trader buys goods for TZS 420,000/=. The business wishes to make a gross profit of 20% on sales. Its business expense is 60% of gross profit. Calculate the following items for Zamzam Traders: (a) Selling price (b) Gross profit (c) Markup percentage (d) Expenses

(a) Selling price 0 mk
(b) Gross profit 0 mk
(c) Markup percentage 0 mk
(d) Expenses 0 mk

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Section B

1. 5 marks

List five functions performed by entrepreneurs.

(a) Definition: 1 mk
(1) .................................................................................................................................................................. 1 mk
(a) Utility 5 mk
(2) .................................................................................................................................................................. 1 mk
(b) Example: 1 mk
(b) Semi-skilled labour 5 mk
(3) .................................................................................................................................................................. 1 mk
(4) .................................................................................................................................................................. 1 mk
(5) .................................................................................................................................................................. 1 mk

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4. 10 marks

Briefly explain five benefits of entrepreneurship.

(i) Explain the first benefit. 2 mk
(ii) Explain the second benefit. 2 mk
(iii) Explain the third benefit. 2 mk
(iv) Explain the fourth benefit. 2 mk
(v) Explain the fifth benefit. 2 mk

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9. 10 marks

Briefly explain five advantages of water transport when compared to road transport.

(i) Briefly explain five advantages of water transport when compared to road transport. 2 mk
(ii) Briefly explain five advantages of water transport when compared to road transport. 2 mk
(iii) Briefly explain five advantages of water transport when compared to road transport. 2 mk
(iv) Briefly explain five advantages of water transport when compared to road transport. 2 mk
(v) Briefly explain five advantages of water transport when compared to road transport. 2 mk

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Section C

2. 0 marks

Fixed cost

(i) The form of trade that involves exchange of goods and services within the boundaries of a particular country. 1 mk
(a) Definition: 1 mk
(b) Example: 1 mk
(ii) The form of trade that involves the exchange of goods and services between two or more countries. 1 mk
(iii) The form of trade that involves buying of goods and services from other countries. 1 mk
(iv) The form of trade that involves the buying of goods and services in large quantities from producers and reselling them in small quantities to the retailers. 1 mk
(v) The form of trade that involves the selling of goods and services to other countries. 1 mk

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3. 0 marks

Tertiary level of production

(i) Validate this statement. 5 mk
(a) Definition: 1 mk
(b) Example: 1 mk

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10. 5 marks

List five factors for the increase in supply of the product in the market.

(a) List five factors for the increase in supply of the product in the market. 5 mk

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