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

152/; COMMERCE 2

Time: 3 Hours Year: 20;

Instructio;

1. This paper consists of seven (8) questions.

4. Communication devices and any unauthorised materials are not allowed in the examination roo;

5. Write your Examination Number on every page of your answer booklet(s).

SECTION A

1;(a) Identify and explain the different types of company promoters.

(;b)Explain the roles that are played by company promoters in the establishment of a company.

2;(a) Briefly explain the term endorsement.

(b; Describe the various forms of endorsement.

3;Explain the following terms briefly:

(a;Value of money Inflation

(c;Deflation

(d;Double coincidence of wants

(e;Representative money

4; (a) Enumerate four (4) recent developments in the communication sector in Tanzani;

(b) Discuss the significance of good communication to a business concern.

5; A tax system may be progressive, proportional or regressive. The Table below shows the tax charged in a certain country.

(a;What kind of tax system is this? Give reasons for your answer.

(b;Explain three (3) advantages and three (3) disadvantages of the tax system identified in 5 (a) above.

6; Explain five (5) benefits and five (5) limitations of centralized filing system.