FORM FOUR COMMERCE EXAMS SERIES

THE PRESIDENT’S OFFICE

MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCE BASED SECONDARY EXAMINATION SERIES

COMMERCE ANNUAL EXAMINATIONS

FORM FOUR-2022

INSTRUCTIONS

  1. This paper consists of sections A, B and C with a total of ten (10) questions.
  2. Answer all questions in sections A and B and two (2) questions from section C
  3. Sections A carries twenty (20) marks, sections B fifty (50) marks and section C caries thirty (30) marks.
  4. Communication devices and any unauthorized materials are NOT allowed in the examinations room
  5. Write your Examination Number on every page of your answer booklet(s)

 

SECTION A (20 Marks)

Answer all questions in this section

  1. For each of the items (i) – (xv), choose the correct answer from among the given alternatives and write its letter beside the item number in the answer booklet/sheet provided.
  1. Suppose you are at home during the holiday, your Mother has asked you about the best meaning of commerce, which of the following is the best response that you could give her?
  1. Commerce deals with exchange of goods and services outside the country.
  2. Commerce deals with distribution of goods to final users.
  3. Commerce deals with exchange of goods and services inside the country
  4. Commerce deals with exchange and distribution of goods and services
  5. Commerce means exchange of goods for goods
  1. Amina sells juice in small quantities to final consumers after buying them in reasonable quantities from wholesalers, therefore Amina is a
  1. Wholesaler
  2. Retailer
  3. Consumer
  4. Manufacturer
  5. Producer
  1. Meshaki is Tanzanian business who goes to Dubai to buy clothes with the aim of re-exporting. Therefore, Meshaki is a
  1. Exporter
  2. Importer
  3. Retailer
  4. Wholesaler
  5. Interposer
  1. Mr. Drogbaimported furniture from Japan but did not import duty in the port authority. The port authorized and kept the furniture in the place called;
  1. Private warehouse
  2. Public warehouse
  3. Port warehouse
  4. Land warehouse
  5. Bonded warehouse
  1. Mrs. Samwel total sales during the year 2020 was Tsh 160,000/= if profit was 20% of sales. What was the cost of goods sold during the year?
  1. Tshs 128,000/=
  2. Tshs 160,000/=
  3. Tshs 16,000/=
  4. Tshs 126,000/=
  5. Tshs 32,000/=
  1. The ore, bulk or oil carries which uses different holds to transport a mixed cargo at the same time through water transport are known as
  1. Bulk carriers’ vessels
  2. Chartered vessels
  3. Liner’s vessels
  4. OBO vessels
  5. Container vessels
  1. While viewing football match via television, Wilson saw and advert about Comfy mattress saying only caring parents buy for their children, which method of appeal has been used in such advert?
  1. Social responsibility
  2. Prestige
  3. Gender
  4. Responsibility
  5. Health
  1. The price quotation that includes all costs to the port of destination plus unloading charges,
  1. CIF
  2. Car. Fwd
  3. FRANCO
  4. Loaded
  5. In bond
  1. E & O.E is an abbreviation included at the foot of an invoice; it stands for
  1. Errors and Omission expected
  2. Errors and Omission excepted
  3. Errors and Omission accepted
  4. Errors and Omission of erroneous consumers
  5. Errors and omission examined
  1. The source of finances that derived from within an organization through accumulating profit is called
  1. Factoring
  2. Trade credit
  3. Fundraising
  4. Retained earnings
  5. Share capital
  1. Jembe, Malima and MtaniJembe were discussing about ways of classifying goods. What do you think should be the correct response;
  1. Durable goods and perishable goods
  2. Consumer goods and producer goods
  3. Producer goods and free goods
  4. Producer goods and economic goods
  1. You are an expert of commerce and someone needs to know the correct form of transport, what should be your presentation to them?
  1. Water, land and air
  2. Water, land and railway
  3. Water, air and road
  4. Sea, railway and air
  5. Water, road and railway
  1. Which bank accounts will you advice a trader to open if he/she want to deposit/withdraw cash at any time and allow overdraft to its customers?
  1. Joint account
  2. Fixed account
  3. Saving account
  4. Current account
  5. Salary account
  1. Simba cement company Ltd has been advertising its product for almost twenty years now. It is obvious that a good number of people number of people have already received the required information regarding the product offered, the company is still keeping on the advertising the product in order to;
  1. Persuade the customers
  2. Bridge the gap between producer and consumer
  3. Inform the public about the product
  4. Retain the market
  5. Make profit
  1. Tanzania is one of the third countries. It imports more than what it exports. Therefore, Tanzania has,
  1. Favourable balance of payments
  2. Favourable balance of trade
  3. Unfavourable balance of payment
  4. Unfavourable balance of trade
  5. Terms of trade
  1. Match the descriptions of types of tax in Column A with the corresponding terminology in Column B by writing the letter of the correct terminology besides the item number.

COLUMN A

COLUMN B

  1. These are tax paid by companies. For example bonite bottlers limited company
  2. These are tax assessed and collected by the local authorities. For example municipal and district council
  3. These are tax imposed on the properties which has increased its value when sold
  4. These are tax imposed on the wealth of a person at the time of death.
  5. A tax used to discourage consumption of harmful products like beer and cigarettes
  1. Property tax
  2. Corporation tax
  3. Surtax
  4. Estate or death duty
  5. Capital gain tax
  6. Octoroi
  7. Sumptuary tax
  8. Graduated tax
  9. Value added tax

 

SECTION B (50 Marks)

Answer all questions in this section

  1. It is urged that the evolution of money (currency) has increased social problems in the societies like corruption, inflation and classes of people. By using five (5) points argue against this statement.
  2. Most small scale retailers closes their business after short period of operation, as a business expert use five (5) points to advise them how retain their business for long time.
  3. A manufacturer wishes to introduce a new washing soap. State with reasons the factors he would consider when choosing the appropriate medium of advertising (five points)
  4. Assume that your house is situated near a major road and it is against fire, an oil tanker passing by happen to overturn near you house and catches fire which burns down your house. Explain the steps to be taken so that you may be compensated your house.
  5. It is urged that increase in population is the only factor for the development of commerce in Tanzania. As a commercial expert argue against this statement by giving out five points

 

 

SECTION C (30 MARKS)

Answer two (2) questions from this section

  1. Assume that your brother is operating a small business as a sole proprietor. He intends to expand his business; has approached you for an advice. As a commercial expert advise him five ways of raising additional capital
  2. Mr. Hillarious is a business man who conducts his business activities between Tanzania and Rwanda. He wants to transport his goods from Arusha Tanzania to Kigali Rwanda but he doesn’t know which mode of transport is the best to him, as a commercial expert advise him the factors to be considered before choosing the best mode of transport (five points)
  3. Your debtors paid you a crossed cheque, on presenting it to the bank counter for payment the bank clerk made the following comments. “The drawer has sufficient founds but I am sorry we cannot cash it”
  1. Explain possible (50 reasons for such comments
  2. What steps would you take to make sure that the cheque is paid?

LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE EXAM SERIES 133

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCY BASED SECONDARY EXAMINATION SERIES

COMMERCE FORM FOUR-SEPT 2022

 

INSTRUCTIONS

  1. This paper consists of section A, B, C with a total of ten questions (10)
  2. Answer all questions in section A and B and two (2) questions from section C
  3. Section A carries twenty (20) marks, section B fifty (50) marks and C carries thirty (30) marks
  4. Cellular phones and any unauthorized materials are not allowed in the examination room.
  5. Write your examination number on every page of your answer booklet

SECTION A: (20 MARKS)

Answer all questions in this section

  1. For each of the items (i) – (xv) choose the correct answer from among the alternatives and write its letter beside the item number in the answer sheet(s) provided.
  1. In trade there are so many hinderances, those hinderances are removed by ….


  1. Business
  2. Industry
  3. Production
  4. Aids to trade
  5. Trade


  1. A communication document used for internal communication to pass information between management and employees within the organization is known as ……….


  1. Business letter
  2. Trade Journal
  3. Memo
  4. Business card
  5. E-mail


  1. The following represent a set of parties to a cheque …..
  1. Drawer, Drawee and Bank
  2. Payee, Drawer and acceptor
  3. Drawer, Drawee and payee
  4. Drawee, drawer and signatory
  5. Bank, Drawee and payee
  1. A written document prepared by an entrepreneur which describes the objectives proposed by business and state the necessity to attain those objectives is referred to as
  1. Business organization chart
  2. Business innovation
  3. Business opportunity
  4. Business idea
  5. Business plan
  1. The lowest quotation which shows only the cost of goods at the supplier’s warehouse is known as


  1. Free or rail
  2. Cost and freight
  3. Ex-factory
  4. Free on board
  5. Free alongside ship


  1. A document, notice, circular or advertisement inviting the public to purchase any share or shares of a company is referred to as.
  1. Prospectus
  2. Memorandum of association
  3. Certificate of trading
  4. Certificate of incorporation
  5. List of directors
  1. Marry bought a bottle of juice, Juma told her there is tax imposed on a juice. Mary wanted to know the kind of tax, if you were Juma what would be your answer …..?
  1. Direct tax
  2. Indirect tax
  3. Property tax
  4. Income tax
  5. Sales tax
  1. Kipanya is an international trader who entered into an agreement with a shipping company to transport his goods from Japan to Tanzania. What is the name of their agreement ……?
  1. Bill of lading
  2. Air way bill
  3. Charter party
  4. Dock warranty
  5. containerization
  1. Level of production includes …………
  1. Industry, commerce, and services
  2. Primary level, secondary level and industry
  3. Primary level, secondary level and tertiary level
  4. Primary services and production level
  5. Commerce, industry and direct services
  1. Kimote insured his lorry with two different companies for the same risk. What is that called in insurance.………….?
  1. Co-insurance
  2. Double insurance
  3. Multiple insurance
  4. Compensation
  5. Surrender value
  1. The action through which a trader discovers information’s about the needs of his customers is known as …………..?
  1. Market discovery
  2. Market survey
  3. Advertising
  4. Promotion
  5. Market study
  1. The following set represent level of management …………….?
  1. Top level, down and operating
  2. Higher level, middle level and lower level
  3. Lower level, middle level and top level
  4. Top level, normal and operating
  5. Lower level, functioning and upper level
  1. Contemporary organization standards, principles, set of values and norms that govern the actions and behaviors of an individual in the business organization represent ……………
  1. Business ethics
  2. Business management
  3. Business success
  4. Business planning
  5. Business tradition
  1. All bank notes and coins in circulation which are used in trade and settlement of debts are referred to as ………..
  1. Legal tender
  2. Money
  3. Currency
  4. Flat money
  5. Paper money
  1. Mrs. Mbwambo as a house wife prepared a fresh fruits juice for her kids consumption in which type of production does the activity done by Mrs. Mbwambo be grouped ……..?
  1. Primary Production
  2. Tertiary production
  3. Personal service
  4. Direct production
  5. Indirect production
  1. Match the descriptions of the documents in List A with the appropriate documents in List B by writing the letter of the correct response beside the corresponding item number in the answer booklet provided.

LIST A

LIST B

  1. An international order used when purchasing goods and services
  2. A document which shows the place where imported goods originate
  3. The document which serves as an evidence of carriage contract between the consignor and the shipping company.
  4. A means through which an importer gets credit and the exporter gets an assurance of payment of the amount due to him
  5. A written authorization allowing the bank to repossess and sell the goods in order to recover the money
  1. Dock warranty
  2. Bill of lading
  3. Freight note
  4. Letter of credit
  5. Letter of hypothecation
  6. Indent
  7. Letter of origin
  8. Export license
  9. Certificate of original

 

SECTION B (50 MARKS)

Answer all questions in this section

  1. Mwajuma is a third year student at the university of Dar-es-Salaam taking a bachelor degree in Entrepreneurship. She has told you about her wishes of being employed herself after graduating, but she does not know the way she can use in order to obtain capital. Assist her with three external sources and two internal sources of capita
  2. You have been asked by the producer of manufactured goods at Da-es-Salaam as an expert in commerce, their need being to educate them about various methods used when setting the price for their product. What are the five methods you would tell them?
  3. Written down the meaning of demand and the four conditions to effective demand
  4. (a)You have been appointed as a food prefect at your school and one of your duties is to maintain different level of stock in the food store. Briefly explain four essential levels of stock which should be maintained in the food store.

(b)You have been given maize flour stock information for the month of March 2021 as,

Opening stock …………………………. 500 bags

Weekly sales ………………………….... 700 bags

Minimum stock ………………………… 300 bags

Closing stock …………………………… 200 bags

Delivery time …………………………… 02 weeks 

  1. Calculate order point
  2. Calculate average stock
  1. Alex is an English teacher who argued that insurance and gambling are completely different, but a form four commercial student did not agree by claiming that in one way they are different but in other way they are alike. As a commercial student explain three differences and two similarities between insurance and gambling.

SECTION C (30 MARKS)

Answer two (2) questions from this section

  1. There are a number of factors which hinder the effective communication between the sender and receiver. Name and explain any six (6) factors which hinder the effective communication between the sender and the receiver.
  2. A partnership deed guides the operation of the partnership, therefore it is like a constitution of a partnership. Do you think a partnership can be operated in absence of partnership deed? Write down the six provisions of the law for your answer.
  3. Every organization develops and implements its own management concepts, the attainment of goals and objectives set by the organization management depends on the main functions of management. Name and explain the five main functions of management.

LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE EXAM SERIES 115

THE PRESIDENT’S OFFICE

MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCE BASED SECONDARY EXAMINATION SERIES

COMMERCE TERMINAL EXAMINATION

FORM FOUR -2022

Instructions

  1.    This paper consists of sections A, 13 and C with a total of ten (10) questions.
  2.   Answer all questions in sections A and B and two (2) questions from section C.
  3.   Section A carries twenty (20) marks, section B fifty (50) marks and section C carries thirty (30) marks.
  4.   Cellular phones and any unauthorized materials are not allowed in the examination room.
  5.   Write your Examination Number on every page of your answer booklet(s).

 

SECTION A (20 Marks)

Answer all questions in this section.

  1.              Mr. Bukaba wants to engage in hire purchase but he does not know its consequences. Identify one consequence that he can face.
  1. He can own the property soon after payment of the first installment.
  2.  He can own the property soon after payment of the last installment.
  3.  Once he failed to pay other installments the seller cannot repossess the goods.
  4. Once he failed to pay other installments the seller can repossess the goods.
  5.  He can pay all the amount required in cash and possess the property.
  1.           Suppose you have been employed in a bonded warehouse and one of the customers needs to collect his car from the warehouse. Which tax would you require the customer to pay before releasing the car?
  1.             Property tax 
  2.             Export duty
  3.             Exercise duty 
  4.             Value added tax
  5.              Custom duty
  1.         Mrs. Makuchi as house wife prepared a fresh fruits juice for her kids' consumption. In which type of production does the activity done by Mrs. Makuchi be grouped?
  1.             Primary production 
  2.             Tertiary production 
  3.             Personal services
  4.             Direct production 
  5.              Indirect production
  1.         Suppose you are a marketing manager who wants to satisfy the target market at the same time achieves the marketing objectives. Which elements of market mix would you consider?
  1.             Branding, grading, standardizing and pricing
  2.             Product, price, brand name and promotion
  3.             Package, price, product and place
  4.             Product, price, promotion and place
  5.              Brand name, package, packaging and product
  1.            You have learnt about the factors for the change in quantity demanded and the factors for the change in demand. Which factor would you opt for change in quantity demanded?
  1.             Change in weather 
  2.             Change in fashion
  3.             Change in price of a commodity 
  4.             Change in technology
  5.              Change in price of related commodities
  1.         Identify the appropriate international trade term which fit for the following transaction; Tanzania has paid Tsh. 30 million as payment of interest of loan from Canada.
  1.             Terms of trade 
  2.             Balance of trade
  3.             Deficit balance of payment 
  4.             Invisible trade
  5.              Visible trade
  1.       Why elimination of a wholesaler from the channel of distribution does not affect the flow of goods from the manufacturer to the final consumer?
  1.             The wholesaler has very small amount of capital.
  2.             The wholesaler performs the only selling function.
  3.             All goods involved in the channel of distribution are branded.
  4.             In regardless of the financial position, manufacturer can sell direct to final users. 
  5.              The wholesaler's functions can be performed by other agents
  1.    A business manager must obey the management functions so as to attain the business goals. In which function does a manager is involved in manpower planning and recruitment?
  1.             Staffing 
  2.             Directing 
  3.             Planning
  4.             Organizing 
  5.              Controlling
  1.         Suppose you are self- employed in carpentry activities but you have spent two days to produce dining table for your family; In which category does the production of such  table be grouped?
  1.             Indirect production
  2.             Direct production
  3.             Tertiary production 
  4.             Direct services
  5.              E Indirect services
  1.            How can different drinking water industries in Tanzania differentiate the same products they offered for sale in the market?
  1.             Through packages 
  2.             Through grading %
  3.             Through branding
  4.             Through standardizing 
  5.              Through price
  1.         Some entrepreneurs debated that internal motivation in entrepreneurship is wastage of resources. Which statement evidences that internal motivation is an important aspect in entrepreneurship?
  1.             It creates employment opportunity to workers. 
  2.             It reduces regional development imbalance.
  3.             It stimulates employees to accomplish the desired goals.
  4.             It assists decision making in a business.
  5.              It encourages consumption of local resources in production.
  1.       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?
  1.             Aids to trade support production and not commerce.
  2.             Aids to trade attract more buyers hence, low price for the goods.
  3.             Aids to trade facilitate trade to take place smoothly.
  4.             Aids to trade act as a link between commerce and production.
  5.              Aids to trade is used to determine price of the goods produced.
  1.    Suppose you have bought medicine from India and they are urgently needed to serve the life of patients in Tanzania, which mode of transport would you consider to be appropriate ?
  1.              Road transport 
  2.             Air transport 
  3.             Water transport 
  4.             Railway transport 
  5.              Pipeline transport
  1.    Under which classification the services provided by teachers, lawyers and police to their customers are categorized?
  1.              Direct services 
  2.             Auxiliary services 
  3.             Personal services 
  4.             Public services 
  5.              Indirect services
  1.       You have been engaged in selling fresh beans business and you want to increase sales through advertising. Which factor will you consider in advertising your product?
  1.              The income of the competitors.
  2.              The steady supply of the products to be advertised.
  3.              The income tax to be charged on the products.
  4.              The nature of the product to be advertised.
  5.               The purchasing power of your customer.

2. 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 tem number in the answer booklet provided;

Column A

Column B

  1.              The situation from which the tax payers omit or refuse to declare their business income for tax payment.
  2.           The tax which its rate is determined by basing on the value of the goods
  3.         The tax which is levied at each stage of production
  4.         The situation in which the tax payers provide incorrect record so as to be charged with less amount of tax.
  5.            The tax system from which the percentage of the tax paid is inversely to the income of  tax payer.
  1.             Regressive tax
  2.             Ad valorem duty
  3.             Corporation tax
  4.             Tax evasion
  5.              Value added tax
  6.               Tax incidence

 

SECTION B (50 Marks)

Answer all questions in this section.

3. (a) Describe five qualities of a good entrepreneur.

(b) Mr. Mkuu started business two years ago as a soft drink supplier, now his business has collapsed. As an expert in commercial subject, give him four possible causes of his business failure.

4. (a) Mr. Ramsi a businessman who had an account with CRDB Bank in Arusha branch issued a cheque payable to Mr. Karim amounting to Tsh. 150,000/2 only. Use the information given to analyse the three main parties to a cheque involved in this transaction.

(b) Assume one of your teachers is a businessman and he had received two crossed cheques from one of his customers. One of the cheques bearing the words "Not Negotiable" and the other one "Account payee only". Briefly explain to him what the terms "Not negotiable" and "Account payee only" imply? 

5.   (a) (i) Briefly explain the term cheque.

(ii) Elaborate three main parties to a cheque.

(b) Whenever someone buys goods or services, payment can be made by either cash or cheque. Describe five advantages of paying the debts by using cheques.


6.(a) Briefly explain five services that are rendered by middlemen to producers in the chain of distribution.


(b) Give five ways in which land is useful as a factor of production.

 

7. (a) Mr. Konge insured his car against accident but he thought that the principles of utmost good faith, insurable interest and indemnity are not necessary principles in insurance. Describe the necessity of these three principles of insurance to Mr. Konge.

(b) Mr. Pokea received a cover note after paying the premium to insurer but did not know why the insurer issued him such a document. Give him two functions of the document received.

 

 

 

SECTION C (30 Marks)
Answer two (2) questions from this section.


8. It is often argued that in a commercial system such as that existing in Tanzania a wholesaler cannot be eliminated. Justify.

9. Name and explain six economic effects of taxation.

10. Suppose your name have been shortlisted by SIDO (Small Industries Development Organization) as a job applicant under research and development department. An interviewer asked you to explain the contributions of innovation towards business success. What would be your response? (Give six points)

LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE EXAM SERIES 90

THE UNITED REPUBLIC OF TANZANIA PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

 FORM FOUR COMMERCE MID TERM TEST 

Time: 3 Hours        April 2022

Instructions

  1. This paper consists of three sections A, B and C with a total of 10 questions.
  2. Answer all questions in section A and B and only two (2) questions from section C.
  3. Non programmable calculators may be used.
  4. Cellular phones, calculators and any unauthorized materials are not allowed in the examination room.
  5. Write your examination number on every page of your Answer booklet(s).

SECTION (20MARKS)

 Answer all questions from this section

  1. For each of the items (i) – (xv) choose the correct answer from among the given alternative and write its letter beside the item number on the answer sheet provided
  1. Mr. Charles Lugolola is a trader selling second hand clothes that normally buying them from Dubai and selling them Dar es salaam-Tanzania. Which type of trade Mr. Charles Lugolola conducting?
  1. Retail trade 
  2. Export trade 
  3. Wholesale trade 
  4. Import trade 
  5. Home trade
  1. Which is the correct reason for the movement along the demand curve?
  1. Change in taste and fashion
  2. Change in people’s level of income
  3. Change in the price of the commodity
  4. Change in the demand of the other goods
  5. Change in the value for money
  1. Martine was complaining that he was one among the lower income earners but his salary is always been deducted more than higher income earners. Which do you think is the method that has been used by his institution to deduct his salary?
  1. Progressive taxation method
  2. Regressive taxation method
  3. Indirect taxation method
  4. Proportional taxation method
  5. Poor taxation method
  1. Ms. Neema is a retailer with her retail shop in Dodoma town. She took insurance cover of her pick-up that she always uses to collects her goods from the wholesalers’ warehouses. One day she got fire accident in her shop. She went to claim for compensation but the insurer refuses to do so. Which principle of insurance has been used by insurer to refuse to compensate her?
  1. Utmost good faith
  2. Subrogation
  3. contribution
  4. Insurable interest
  5. Indemnity.
  1. Which one among the following is the correct classification of warehouses?
  1. Private warehouse, bonded warehouse and wholesalers warehouses
  2. Bonded warehouse, private warehouse and retailers warehouse
  3. Public warehouses, private warehouses and bonded warehouse
  4. Public warehouses, bonded warehouses and producers warehouses
  5. Wholesalers warehouses, retailers warehouses and manufacturers warehouses
  1. If there was a farmer who had wheat and wanted salt he had to find one who had salt and wanted wheat, this is an example of:
  1. Difficult in transporting immobile items.
  2. Invisibility of some items.
  3. Lack of store of value.
  4. Need of double coincidence of wants.
  5. Lack of measure of value.
  1. Which of the following is not a feature of free goods?
  1. They are not scare
  2. They are not produced by human effort
  3. They are not transferable in terms of ownership
  4. They lack exchange value
  5. They are transferable in terms of ownership
  1. Nearly every journey involves junctions where we can transfer from one form of transport to another, in this case we are referring to:
  1. The way
  2. The unit of carriage
  3. The terminal
  4. The unit of propulsion
  5. None of the above.
  1. All the qualities of good money are important, but the most important quality of good money is:
  1. Durability
  2. Divisibility
  3. Portability
  4. Cognisability
  5. General acceptability
  1. The following statements are true of a bill of exchange which one is not?
  1. It must be signed by the drawee
  2. It must bear appropriate stamp duty
  3. It must be signed by the drawer
  4. It must be payable on demand
  5. It must be unconditional
  1. The surrender value of a life assurance policy is
  1. A penalty payable to the insurance company because of late payment of the premium
  2. The minimum value of an insurance cover in order to be acceptable by the insurance company
  3. The amount a person surrenders when his policy expires
  4. The amount a person will receive if he cashes his life assurance policy before the date of its maturity
  5. The actual amount paid by the insurance company in case of a motor accident
  1. The process of giving a particular name to a product is called
  1. Pre-packaging
  2. Trade naming
  3. Pre-packing
  4. Branding
  5. Retailing
  1. A delcredere agent
  1. receives longer credit terms from his principals in consideration of higher trade discount
  2. Obtains higher commission as he guarantees payment for goods sold on behalf of his principals
  3. Handles only imported goods of high standing
  4. Receive longer credit terms from his principals in consideration of lower trade discount
  5. Is given credit from his principals but himself sales only by cash
  1. Aids to trade may be defined as the activities aimed at
  1. Assisting the consumers directly
  2. Making the work of those involved in manufacturing of essential goods easy
  3. Helping producers directly
  4. Bridging the gap between the producer and a consumer
  5. Helping retailers directly
  1. If Tanzania exports more goods to Rwanda than she imports from the same country, her
  1. Overall balance of trade is favourable
  2. Balance of trade with Rwanda is favourable
  3. Balance of trade with Rwanda is unfavourable
  4. Balance of payments is bound to be favourable
  5. Balance of payments with Rwanda is bound to be favourable
  1. Match the items of list A with the corresponding items in list B by writing the letter of the correct item in the space provided

LIST A

LIST B

  1. Low-income individuals paying a higher percentage of their income on taxes than high-income individuals.
  2. Payment made by users of public services on government cost sharing in health and education.
  3. The tax for the company operations.
  4. Tax determined on the basis of the value of goods.
  5. Penalties imposed by government against law breakers.
  1. Corporate taxes
  2. Indirect Tax
  3. Direct Tax
  4. Fees
  5. Foreign Investment
  6. Ad valorem duty
  7. Fines
  8. PAYE
  9. Progressive Tax
  10. Regressive Tax

SECTION B (50 MARKS)

Answer all questions from this section

  1. Given the following information

Opening stock ………………………………………. Tsh 120,000

Net purchases ……………………………………….. Tsh 150,000

Closing stock ……………………………………….. Tsh 100,000

Net sales ………………………………………… . Tsh 300,000

Compute the following

  1. Cost of goods sold
  2. Gross profit
  3. Gross profit margin
  4. Gross profit mark up
  1. What do you understand with the following?

(a) Management

(b) Amalgamation

(c) Quasi partner

(d) Co-operative society

(e) Prospectus

  1. (a) Enumerate five ways in which the community benefits from learning business studies.

(b) State five differences between direct and indirect production.

  1. You have been appointed as manager of Twiga cement Company in Tanzania, this comes as the strategy to improve the performance of the company following its failure to meet their pre-determined goals, with five points explain what you will do to realize good standard of service of your company
  1. (a) Briefly explain five services that are rendered by middlemen to producers in the chain of distribution.

(b) Mention five factors that may inhibit entrepreneurial development in a country.

SECTION C (30 MARKS)

Answer two question form this section

  1. (a) It is often argued that in a commercial system such as that existing in Tanzania a wholesaler cannot be eliminated. Justify.

(b) Describe under what circumstances banks will dishonor a cheque even if the drawer has enough money in his account.

  1. There those people who do not buy or sell goods but offer services which facilitate trade. Without such services there would be hindrances in the exchange of goods. With the help of such services there is a continuous flow of exchange of goods and service which helps in the distribution of goods. Basing on this statement explain six auxiliary services in commerce.
  2. Mr. Araphat is struggling to start business in Dodoma City, he is very much motivated to start business as he find large number of people from different regions in the country move to the capital city, to him this is a big opportunity. He has identified five potential businesses which he is capable of dealing with, however capital is the big problem to him, as an expert advises him on how to get rid to his problem.

LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE EXAM SERIES 81

THE UNITED REPUBLIC OF TANZANIA 

PRESIDENT’S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT 

FORM FOUR MID TERMEXAMINATION 

  COMMERCE

Time: 3 Hours AUG 2021

Instructions

  1. This paper consists of three sections A, B and C with a total of 10 questions.
  2. Answer all questions in section A and B and only two (2) questions from section C.
  3. Non programmable calculators may be used.
  4. Cellular phones, calculators and any unauthorized materials are not allowed in the examination room.
  5. Write your examination number on every page of your Answer booklet(s).

SECTION (20MARKS)

Answer all questions from this section

  1. For each of the items (i) – (xv) choose the correct answer from among the given alternative and write its letter beside the item number on the answer sheet provided
  1. Mr. Charles Lugolola is a trader selling second hand clothes that normally buying them from Dubai and selling them Dar es salaam-Tanzania. Which type of trade Mr. Charles Lugolola conducting?
  1. Retail trade          B.Export trade        C. Wholesale trade       D. Import trade E. Home trade
  1. Which is the correct reason for the movement along the demand curve?
  1. Change in taste and fashion
  2. Change in people’s level of income
  3. Change in the price of the commodity
  4. Change in the demand of the other goods
  5. Change in the value for money
  1. Martine was complaining that he was one among the lower income earners but his salary is always been deducted more than higher income earners. Which do you think is the method that has been used by his institution to deduct his salary?
  1. Progressive taxation method
  2. Regressive taxation method
  3. Indirect taxation method
  4. Proportional taxation method
  5. Poor taxation method
  1. Ms. Neema is a retailer with her retail shop in Dodoma town. She took insurance cover of her pick-up that she always uses to collects her goods from the wholesalers’ warehouses. One day she got fire accident in her shop. She went to claim for compensation but the insurer refuses to do so. Which principle of insurance has been used by insurer to refuse to compensate her?
  1. Utmost good faith
  2. Subrogation 
  3. contribution
  4. Insurable interest
  5. Indemnity.
  1. Which one among the following is the correct classification of warehouses?
  1. Private warehouse, bonded warehouse and wholesalers warehouses
  2. Bonded warehouse, private warehouse  and retailers warehouse
  3. Public warehouses, private warehouses and bonded warehouse
  4. Public warehouses, bonded warehouses and producers warehouses
  5. Wholesalers warehouses, retailers warehouses and manufacturers warehouses
  1. If there was a farmer who had wheat and wanted salt he had to find one who had salt and wanted wheat, this is an example of:
  1. Difficult in transporting immobile items.  
  2. Invisibility of some items.
  3. Lack of store of value.
  4. Need of double coincidence of wants.
  5. Lack of measure of value.
  1. Which of the following is not a feature of free goods?
  1. They are not scare
  2. They are not produced by human effort
  3. They are not transferable in terms of ownership
  4. They lack exchange value
  5. They are transferable in terms of ownership
  1.   Nearly every journey involves junctions where we can transfer from one form of transport to   another, in this case we are referring to:
  1. The way   
  2. The unit of carriage
  3. The terminal  
  4. The unit of propulsion
  5. None of the above.
  1.  All the qualities of good money are important, but the most important quality of good money is:
  1. Durability    
  2. Divisibility
  3. Portability   
  4. Cognisability
  5. General acceptability
  1.    The following statements are true of a bill of exchange which one is not?
  1. It must be signed by the drawee
  2. It must bear appropriate stamp duty   
  3. It must be signed by the drawer
  4. It must be payable on demand
  5. It must be unconditional
  1.  The surrender value of a life assurance policy is
  1. A penalty payable to the insurance company because of late payment of the premium
  2. The minimum value of an insurance cover in order to be acceptable by the insurance company
  3. The amount a person surrenders when his policy expires
  4. The amount a person will receive if he cashes his life assurance policy before the date of its maturity
  5. The actual amount paid by the insurance company in case of a motor accident
  1. The process of giving a particular name to a product is called
  1. Pre-packaging
  2. Trade naming
  3. Pre-packing
  4. Branding
  5. Retailing
  1.   A delcredere agent
  1. receives longer credit terms from his principals in consideration of higher trade discount
  2. Obtains higher commission as he guarantees payment for goods sold on behalf of his principals
  3. Handles only imported goods of high standing
  4. Receive longer credit terms from his principals in consideration of lower trade discount
  5. Is given credit from his principals but himself sales only by cash
  1.    Aids to trade may be defined as the activities aimed at
  1. Assisting the consumers directly
  2. Making the work of those involved in manufacturing of essential goods easy
  3. Helping producers directly
  4. Bridging the gap between the producer and a consumer
  5. Helping retailers  directly
  1. If Tanzania exports more goods to Rwanda than she imports from the same country, her
  1. Overall balance of trade is favourable
  2. Balance of trade with Rwanda is favourable
  3. Balance of trade with Rwanda is unfavourable
  4. Balance of payments is bound to be favourable
  5. Balance of payments with Rwanda is bound to be favourable
  1. Match the items of list A with the corresponding items in list B by writing the letter of the correct item in the space provided

LIST A

LIST B

  1. Low-income individuals paying a higher percentage of their income on taxes than high-income individuals.
  2. Payment made by users of public services on government cost sharing in health and education.
  3. The tax for the company operations.
  4. Tax determined on the basis of the value of goods.
  5. Penalties imposed by government against law breakers.
  1. Corporate taxes
  2. Indirect Tax
  3. Direct Tax
  4. Fees
  5. Foreign Investment
  6. Ad valorem duty
  7. Fines
  8. PAYE
  9. Progressive Tax
  10. Regressive Tax

SECTION B (50 MARKS)

Answer all questions from this section

  1. Given  the following information

Opening stock ………………………………………………….  Tsh 120,000         

Net purchases …………………………………………………..  Tsh 150,000

Closing stock …………………………………………………..  Tsh 100,000 

Net sales ……………………………………………………… . Tsh 300,000

         Compute the following 

  1.             Cost of goods sold
  2.             Gross profit
  3.             Gross profit margin
  4.             Gross profit mark up
  1. What do you understand with the following?

  (a) Management

  (b) Amalgamation

  (c) Quasi partner

  (d) Co-operative society

  (e) Prospectus

  1. (a) Enumerate five ways in which the community benefits from learning business studies.

            (b) State five differences between direct and indirect production.

  1. You have been appointed as manager of Twiga cement Company in Tanzania, this comes as the strategy to improve the performance of the company following its failure to meet their pre-determined goals, with five points explain what you will do to realize good standard of service of your company
  1. (a) Briefly explain five services that are rendered by middlemen to producers in the chain of distribution.

             (b) Mention five factors that may inhibit entrepreneurial development in a country.

SECTION C (30 MARKS)

Answer two question form this section

  1. (a) It is often argued that in a commercial system such as that existing in Tanzania a wholesaler cannot be eliminated. Justify.

       (b)   Describe under what circumstances banks will dishonor a cheque even if the drawer     has enough money in his account.

  1. There those people who do not buy or sell goods but offer services which facilitate trade. Without such services there would be hindrances in the exchange of goods. With the help of such services there is a continuous flow of exchange of goods and service which helps in the distribution of goods. Basing on this statement explain six auxiliary services in commerce.
  2. Mr.  Araphat is struggling to start business in Dodoma City, he is very much motivated to start business as he find large number of people from different regions in the country move to the capital city, to him this is a big opportunity. He has identified five potential businesses which he is capable of dealing with, however capital is the big problem to him, as an expert advises him on how to get rid to his problem. 

1

LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE EXAM SERIES 66

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, LOCAL ADMINISTRATION AND LOCAL GOVERNMENT

COMMERCE TERMINAL EXAMINATION-MAY

FORM FOUR

Time 3:00 Hours                                                                                      MAY 2020 

Instructions

 

  1. This paper consists of sections A, B and C with a total of ten (10) questions.
  1. Answer all questions in sections A and B and two (2) questions from section C.
  1. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
  1. Write your Examination Number on every page of your answer booklet(s).

SECTION A. 20 MARKS

 Answer all questions in this section.

1. For each of the items (i) - (x), choose the correct answer from among the given alternatives and write its letter beside the item number in your answer booklet(s) provided.

(i)   A certificate of incorporation is a document that;

  1. governs the relationship of the company with outsiders. 
  2. empowers the company to commence business activities.
  3. gives a company a legal existence.
  4. lays down rules and regulations of the internal organization of a company.
  5. invites offer from the public for subscription of shares of a company.

(ii) Which of the following is not the aim of marketing boards? 

  1. Finding a satisfactory market.
  2. Stabilizing prices of agricultural products.
  3. Ensuring a steady supply of the commodity all through. 
  4. Encouraging competition between marketing boards.
  5. Assisting farmers with collection and storage of their produce.

(iii)Goods can mainly be classified as

  1. durable goods and perishable goods 
  2. consumer goods and producer goods 
  3. consumer goods and economic goods 
  4. producer goods and free goods
  5. producer goods and economic goods.

(iv) A cheque which is presented to the payee before the date on it is called

  1. dishonoured cheque
  2. Crossed cheque
  3. stale cheque
  4. post-dated cheque
  5. open cheque.

(v)    Which one of the following is the disadvantage of departmental store to the seller? 

  1. Wide choice of products.
  2. Convenience in shopping.
  3. Extensive use of advertising. 
  4. Careful selection of goods.
  5. Services to customers.

(vi Which one of the following is a method used by government to protect consumers? 

  1. Fixing minimum prices. 
  2. Fixing maximum prices. 
  3. Fixing minimum profits. 
  4. Fixing maximum profits. 
  5. Fixing minimum and maximum prices. 

(vii)The warehouses which are situated at terminals of railway, air ports and sea ports are known as

  1. public warehouse. 
  2. bonded warehouse
  3. wholesaler’s warehouse 
  4. manufacture’s warehouse.
  5. private warehouse.

(viii)  A special crossing is a type of crossed cheque which consists of 

  1. two parallel lines with no words between them.
  2. two parallel lines with words ‘and Company’ between them
  3. two parallel lines with drawee’s name between them
  4. two parallel lines with drawer’s name between them
  5. two parallel lines with endorser’s name between them.

(ix) A letter of credit is sent by

  1. exporter’s bank to a correspondent bank
  2. improter’s bank to a correspondent bank
  3. importer to exporter
  4. a central bank to a correspondent bank
  5. importer’s agent to the exporter’s agent.

 (x) The group which represents a broad classification of human occupations is

  1. Commerce, production and aids to trade.
  2. Trade and aids to trade.
  3. Banking, insurance and transportation.
  4. Extractive, manufacturing and constructive industries.
  5. Industrial and tertiary.

2. MATCHING ITEMS QUESTIONS

Match the items in Column A with the responses in Column B by writing the letter of the correct response beside the item number in your answer booklet.

Column A

Column B

(i) Engaged only on limited range of stock while combining selling, delivery and collection in one operation.

(ii) Engaged in supplying a certain type of goods to a certain type of retail stores.

(iii) Engaged in buying and selling of goods from different producers to retailers.

(iv) Selling a particular type of goods but offer greater variety within their particular field.

(v) Engaged in showing catalogues, and price lists to retailers to persuade them to buy the goods.

(vi) Engaged in selling to the wholesalers’ warehouse that require them to pick what they want.

(vii) Engaged in selling goods to the public without reserves.

(viii) Engaged in selling of goods to the retailers to different areas in a given state.

(ix) Engaged in buying and selling of goods on their capital and perform all activities in the business.

(x) Engaged in collection and delivery of goods on behalf of others.

  1. Specialised wholesaler
  2. Auctioneers
  3. Rack Jobbers
  4. Truck wholesellers
  5. Cash and carry wholesalers
  6. Forwarding agents
  7. Factors
  8. Underwriters
  9. Broker
  10. Travelling agents
  11. Merchant wholesalers
  12. Regional wholesalers
  13. International wholesalers
  14. General wholesalers
  15. Nationalwide Wholesalers

 SECTION B (40 Marks)

Answer all questions in this section.

3.  (a) Elaborate five disadvantages of departmental stores.

(b)       Briefly explain five benefits of installments selling to the seller.

4.  (a) Giving five points, discuss the importance of commerce to a developing country.

(b)       Describe five functions of capital as factor of production.

5.(a)  (i) What is meant by a wholesaler?

    (ii) briefly explain the term bill of exchange.

(b)  explain eight functions of wholesalers.

6. (a) Describe five advantages of a retailer refusing credit sales to his customers.

  (b) Explain five reasons behind consumer protection.

SECTION C

7. (a) (i) Describe three importance of management in business organization.

(ii) What is the different between planning and staffing in relation to management?

(b) (i) Describe the term organization.

(ii) With four points, explain the importance of organization in any business.

(c)Mr Kenge is a supervisor in printing department of a certain organization. His department has 120 subordinates. Which principle of organization had been violated for him to supervise large number of subordinate? Justify your answer by stating clearly the principle violated.

8. (a) What is an entrepreneur?

(b) Describe the functions of an entrepreneur

(c) Describe five factors that contribute to failure of many small businesses.

9. Differentiate the following commercial terms:

(a) Formal communication and informal communication.

(b) Oral communication and written communication.

(c)   Audio media and audio visual media.

(d)  Internal communication and external communication.

(e)  Fax and internet.

10.    (a) Explain five roles of transport to the development of a country.

(b) Elaborate two advantages and three disadvantages of water transport.

LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE EXAM SERIES 14

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