THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

COMMERCE

(For Both School and Private Candidates)

Time: 3 Hours Year: 2008

SECTION A

1. For each of the items (i) - (x) choose the correct answer among the given alternatives and write its letter beside the item number.

(i) . . . . . . is a means used by producers to identify their products from other manufactures.

1. Brand name
2. Sorting
3. Colour 
4. Survey
5. Price fixing

(ii)A 25% mark up is applied to a commodity selling at Shs. 2400. What is the gross profit?

1. Shs. 600 
2. Shs. 450
3. Shs. 480
4. Shs. 384 
5. Shs. 390

(iii)In the event of total loss, insurance companies undertake to pay:

1. a sum insured;
2. a real value of the property destroyed;
3. the sum insured or the real value whichever is less;
4. the sum insured or the real value whichever is more;
5. the sum insured together with the premium paid.

(iv) . . . . . . . . is the identification of a product which cannot be pronounced but can be sighted and is protected by the law.

1. Brand law
2. Brand mark 
3. Trade mark
4. Patent right
5. Grading

(v) . . . . . . means all activities necessary in bringing goods and services into the market.

1. Sales
2. Distribution
3. Market
4. Marketing
5. Market survey

(vi)When visible imports of a country exceed visible exports it implies

1. a favourable balance of trade
2. unfavourable balance of trade
3. a favourable balance of payment
4. unfavourable balance of payment
5. a balance of trade

(vii) Which one of the following is not correct about the functions of management? 

1. Sound policy
2. Planning
3. Organizing
4. Staffing 
5. Control

(viii)Which of the following are places where ships wait for cargo?

1. Ocean 
2. Customs
3. Docks
4. Terminals
5. Overseas

(ix)One of the following is the method used by the government to collect money from most people whether foreigners or citizens whenever they buy goods for use

1. Fees
2. Licenses
3. Cooperation tax
4. Indirect tax
5. Direct tax

(x)Which of the following documents must be accepted or paid before the bill of lading is surrendered to the foreign buyer?

1. Promissory note
2. Bills of exchange
3. Cheque
4. Consignment note
5. Debits