The shipping company charged one of its customers with a demurrage fee. Which condition is not fulfilled by such a customer?
A.Loading the goods on time
B.Offloading the goods on time
C.Paying freight charges on time
D.Paying insurance charges on time
E.Keeping the records of all goods loaded in the ship
2.5 alamas
Match the descriptions on taxation terminologies in Column A with the corresponding terminology in Column B by writing the letter of the correct terminology beside the item number in the answer booklet provided.
(i)
The situation from which the tax payers omit or refuse to declare their business income for tax payment.
1 alama
(none)
Briefly explain five essential elements of effective communication.
10 alama
(ii)
The tax which its tax rate is determined by basing the value of the goods.
1 alama
(iii)
The tax which is levied at each stage of production.
1 alama
(iv)
The situation in which the tax payers provide incorrect record so as to be charged with less amount of tax.
1 alama
(v)
The tax system from which the percentage of tax paid is inversely to the income of the tax payer.
1 alama
Boresha ili kuona majibu ya mfano.
9.12 alamas
Justify the statement that the trend of winding up private limited companies is increasing day after day by giving six reasons for winding up of private limited companies.
(a)
State six reasons for winding up of private limited companies.
12 alama
(none)
Give six reasons for winding up of private limited companies.
12 alama
Boresha ili kuona majibu ya mfano.
10.12 alamas
Mr. Kashinde, the winner of 20 million from Tatu Mzuka Jackpot, wishes to invest in business as an entrepreneur but he does not know how to identify the business opportunities available in the market. Assist him to discover various business opportunities for investment by explaining six ways that can be used to discover business opportunities to invest in the market.
(none)
Explain six ways that can be used to discover business opportunities to invest in the market.
12 alama
(a)
Explain six ways Mr. Kashinde can use to discover business opportunities for investment in the market.
12 alama
Boresha ili kuona majibu ya mfano.
11.1 alama
Some entrepreneurs debated that internal motivation in entrepreneurship is wastage of resources. Which statement evidences that internal motivation is an important aspect in entrepreneurship?
A.It creates employment opportunity to workers.
B.It reduces regional development imbalance.
C.It stimulates employees to accomplish the desired goals.
D.It assists decision making in a business.
E.It encourages consumption of local resources in production.
12.1 alama
When drawing a supply curve it is automatically that the curve slopes upwards from left to right. Why does the supply curve slopes upward from the left to right?
A.The lower the price the higher the quantity demanded and vise-versa.
B.When the price held constant the quantity supplied increases.
C.The lower the price the higher the quantity supplied and vise-versa.
D.The higher the price the higher the quantity supplied and vise-versa.
E.When the factors other than price held constant the quantity supplied increased.
13.1 alama
Which bank account would you advise a trader to open if he/she wants to deposit/withdraw cash at any time and allows overdraft to its customers?
A.Joint account
B.Fixed deposit account
C.Minor account
D.Saving account
E.Current account
14.1 alama
Suppose you have attended a commercial debate with the motion “aids to trade is not necessary element of commerce”. Which option will you choose as correct to oppose the motion?
A.Aids to trade support production and not commerce.
B.Aids to trade attract more buyers hence, low price for the goods.
C.Aids to trade facilitate trade to take place smoothly.
D.Aids to trade act as a link between commerce and production.
E.Aids to trade is used to determine price of the goods produced.
15.1 alama
The following are the roles of entrepreneurship in economic development except:
A.creation of friendship among the countries
B.creation of employment opportunities
C.improvement on peoples’ living standards
D.improvement in per capital income
E.capital formation.
Sehemu B
3.0 alamas
You have been given maize flour stock information for the month of February, 2018 as:
Opening stock………....500 bags
Weekly sales…………..700 bags
Minimum stock...……..300 bags
Closing stock...………..200 bags
Delivery time...………..02 weeks
(none)
Why is it better for the industry to advertise its product through magazine than newspapers? Give two reasons.
4 alama
(a)
Briefly explain four essential levels of stocks which should be maintained in a food store.
8 alama
(i)
Calculate Order point.
0 alama
(ii)
Calculate Average stock.
0 alama
(iii)
Interpret the answers obtained in part (i) and (ii).
0 alama
Boresha ili kuona majibu ya mfano.
4.10 alamas
Suppose your commerce teacher had assigned you to prepare the class presentation about the essential elements of communication. Briefly explain five essential elements of effective communication that you will consider in your presentation.
(none)
Briefly explain how grading becomes necessary in marketing the products with three points.
6 alama
Boresha ili kuona majibu ya mfano.
5.0 alamas
(none)
Mention four policies that Papaye has to be given by insurer under burglary insurance cover.
4 alama
(a)
Mbao furniture industry needs to advertise its new products to the public by using magazine instead of newspapers. Why do you think it is better for the industry to advertise its product through magazine than newspapers? Give two reasons.
4 alama
(b)
Standardizing and grading is one of the marketing functions. With three points, briefly explain how grading become necessary in marketing the products.
6 alama
Boresha ili kuona majibu ya mfano.
6.0 alamas
(none)
Explain three factors that made the life insurance policy come to an end.
6 alama
(a)
Miss. Papaye is a large retail trader who insured her business under general accident with insurer and she took a burglary insurance cover. Mention four policies that Papaye has to be given by insurer under burglary insurance cover.
4 alama
(b)
Your uncle fears taking-up a life assurance policy because he does not know what makes such policy to come to an end. Explain to him three factors that made the life insurance policy come to an end.
6 alama
Boresha ili kuona majibu ya mfano.
7.0 alamas
(none)
Describe two main features used to categorize production as indirect production.
4 alama
(a)
Production is categorized into direct and indirect production and the categorization depends on their features. Describe two main features used to categorize production as indirect production.
4 alama
(b)
One of the villagers wants to engage in production of goods and services but he/she needs to know about the levels of production. Briefly explain to the villager that three levels of production.
6 alama
Boresha ili kuona majibu ya mfano.
Sehemu C
8.12 alamas
Ms. Nash is a retail trader who believes that business location and capital are the basic qualities for a successful retailer. Prove that Nash’s belief is wrong by providing six justifiable qualifications of the successful retailers.
(none)
Briefly explain the three levels of production.
6 alama