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

152/2;COMMERCE 2

Time: 3 Hours Year: 2011

Instruction;

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

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

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

SECTION A

1.; (a) State four (4) important features of Sole Proprietorship.

(b;Explain five (5) sources of capital available to a sole trader.

(c) State five (5) advantages and five (5) disadvantages of sole trade.

2.(a);Enumerate the functions of an office.

(b);;;Explain the principles of a good tax system.

3.;(a) What role does transport play in the economy of a country;

(b;Explain the qualities of an efficient transport system.

4.;(a) Explain three (3) advantages and three (3) disadvantages of telephones in business.

(b);Mention and define four (4) different types of call facilities that are available to the business world.

5.; (a) Identify the different types of advertising copies.

(b); Explain the essentials of a good advertising copy.

6.; Differentiate the following as used in taxation;

(a;Horizontal equity and vertical equit;

(b) Regressive tax and digressive equity;

©; Progressive tax and proportional tax;

(d;Diversity and simplicity.

7.(a);Enumerate the principle sources of bank's profit.

(b);Explain the different types of securities acceptable by banks.

8.; Explain five (5) functions of a personnel manager.