The following figures are for the year 2003. Stock 01/01/2003: Tshs. 800 Stock 31/12/2003: Tshs. 1,200 Purchases: Tshs. 10,000 A uniform fraction of 1/6 margin is applied. Find the:

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Write short notes on the following:

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Mr. Mtakuja wants to join a consumer cooperative society. Define consumer co-operative society and give four (4) benefits he would enjoy by being a member of such type of society.

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Give five (5) differences between a partnership and a company.

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7. (a) Explain five (5) characteristics of a good warehouse. (b) B. Rashid is a businessman who imports cars from Dubai for sale. Explain five benefits he gets from the use of bonded warehouses.

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Explain the circumstance that can make a seller prefer cash with order to cash on delivery from the buyer.

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It is often argued that advertising is an unnecessary expense which is ultimately passed onto the consumer by way of increased prices. Discuss.

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10. (a) Discuss the importance of insurance to the economy of Tanzania. (b) Explain the side effect(s) of under insurance to the insured.

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