FORM TWO COMMERCE MIDTERM-2 EXAMS

PRESIDENT OFFICE REGIONAL ADMNISTRATION

AND LOCAL GOVERNMENT

SECONDARY EXAMINATION SERIES 

COMPETENCE BASED ASSEMENT

COMMERCE FORM TWO

MID-TERM EXAMS-AUG/SEPT – 2024

Instructions

Answer all questions from this paper

 

SECTION A

Answer ALL questions.

i. Which of the following is an indirect service? 

  1.  Cobbles and Client
  2.  Doctor and patient
  3.  Advocate and client
  4.  Public rallies

 

ii. Which of the following is not a contribution of entrepreneurs to society?

  1.  Scholarship provision to the poor
  2.  Running charitable institutions
  3.  Donations
  4.  Advice to the government

 

iii. Which one is not a characteristic of a want?

  1.  Insatiability
  2.  Diminishing satisfaction
  3.  Interdependency.
  4.  Competitive.

 

iv. One disadvantage of mail order business is that:

  1. No need to employ shop attendant
  2. Price changed are high due to cost of operation
  3. Customers cannot make choice without influence
  4. Most do not allow credit facilities.

 

v. Length of a channel is determined by the following except?

  1.  Producer marketing skills
  2.  Producer communication skills
  3.  Nature of product
  4.  Quantity of middlemen.

 

vi. Which is not a factor to consider when locating warehouse?

  1.  Number of customers
  2.  Sources of goods
  3.  Transport network.
  4.  Building and structures.

 

vii. Which is not a type of private warehouse?

  1.  Merchant warehouse
  2.  Producer warehouse
  3.  Retailer warehouse.
  4.  Wholesaler warehouse

 

viii. Which of the following is not a component of stock administration?

A. Stock taking

B. Receiving

C. Placing items

D. Caring of stock.

 

ix. The checking and keeping records of the quantity and value of articles in stock is called?

  1.  Stock valuation
  2.  Stock taking
  3.  Stock control
  4.  Stock placing

 

x. Which of the following when changed will not affect the law of demand?

  1.  Age of consumers
  2.  Income of consumer
  3.  Change in prices
  4.  Habitual or addictive product.

 

2. (a) Match the items from LIST A with those in LIST B.

LIST A

LIST B
  1.     Warehouse owned by single business.
  2.   Warehouses open for public to make storage of goods.
  3.    Warehouse licensed by government to store imported goods.
  4.    Document requesting the warehouse owner to retain the goods in the warehouse for a new owner after transaction has occured.
  5.   Tax free goods are kept here waiting recollection.

 
  1.  Free warehouse
  2.  Private warehouse
  3.  Warehouse permit
  4.  Community warehouse
  5.   Bonded warehouse
  6.   Warehouse warrant
  7.  Public warehouse.
  8.  Merchant warehouse.

 

 

 

 

SECTION B

3. (a) Differentiate warehouse and warehousing  

    (b) Write six essentials of a warehouse.

4. Write short notes on the following terms.

  1.      Scarcity
  2.     Choice
  3.      Opportunity cost
  4.     Form utility
  5.     Time utility

5. As a student who has just left school, mention any ten business opportunities you can start.

6. (a) Mention three types of labour

    (b) Write down 8 (eight) characteristic of labour as factor of production

7. (a) Who is an Itinerant trader?

   (b) Discuss six characteristics of small scale retailers.

8. Discuss five factors that determine the degree of elasticity of demand.

9. Explain the following terms.

  1.       Mark – up
  2.     Margin
  3.       Cost of goods
  4.       Average stock period
  5.     Minimum stock.

SECTION C

10. Explain ten services rendered by wholesaler to producers and manufactures.

 

 

FORM TWO COMMERCE EXAM SERIES 185  

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FORM TWO COMMERCE EXAM SERIES 185  

 

PRESIDENT OFFICE REGIONAL  ADMINISTRATION

AND LOCAL GOVERNMENT

SECONDARY EXAMINATION SERIES 

COMPETENCE BASED  ASSESSMENT

FORM THREE

MID TERM EXAMS-AUG– 2023

061 COMMERCE

Time: 2:30 Hours                                                     AUG, 2023

Instructions

  1. This paper consists of 10 (ten) questions in sections A, B and C.
  2. Answer ALL questions in all sections  using the spaces.
  3. Non-programmable calculator maybe used in the examination room
  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)

FOR EXAMINERS’ USE ONLY

QUESTION NUMBER

SCORE

EXAMINER’S INITIALS
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TOTAL

 

 

 

 

 

 

SECTION A (15 Marks)

Answer all questions in this section. 

 

  1. For each of the items (i) – (x), choose the most correct answer from among the given alternatives and write its letter beside the item number in the table after this question.

 

  1. Assume you have a wholesale business selling general clothes. Which stock computation method would you use to know the slow- and fast-moving clothes in your business?
  1.    Average stock method
  2.     Cost of goods sold method
  3.     Margin and mark-up method
  4.    Rate of stock turn over method

 

  1. Which among the following cost of production change as output change?


  1.    Fixed cost
  2.     Variable cost
  3.     Marginal cost
  4.    Average cost


 

  1. After eating, Mrema felt thirst and after drinking water, he needed to watch movies and after movies he felt he needed to sleep. What does this situation mean?
  1. Human wants are recurrent
  2. Human wants are unlimited
  3. Human wants are satiable
  4. Human wants are competitive

 

  1. Which among the following is not a feature of commerce?
  1. Exchange motive to needs and wants
  2. Profit motive towards needs and wants
  3. Unsatisfied needs and wants
  4. Economic activities

 

  1. A quantity of goods a person is willing to offer for sale at a given price in a given period of time is known as


  1. Supply
  2. Demand
  3. Joint supply
  4. Joint demand


  1.  How does the retailer finance the producers and wholesalers?
  1. By buying from them goods and services quickly
  2. By buying from them goods on credit
  3. By buying from them goods in small quantities
  4. By buying from them goods and paying them cash promptly

 

  1. Which one among the following is the distinctive feature of cash and carry wholesalers?
  1. They offer credit facilities             
  2. They offer self service facilities
  3. They offer delivery facilities         
  4. They offer security facilities

 

  1. Yohana was an employee of BIG G Company where he decided to drop the work and started his own businesses. Which among the following forced him to drop his current employment?
  1. To be independent financially
  2. To serve their community
  3. To earn more money   
  4. To serve their families

 

  1. In which kind of utility can cotton be shifted from extraction point to manufacturers point?


  1. Time utility
  2. Possession utility
  3. Place utility
  4. Form utility


 

  1. Commerce as a business activity has many roles to play. Which among the following is the main role?
  1.         Linking the gap between producers and wholesalers
  2.          Linking the gap between producers and consumers
  3.          Linking the gap between producers and retailers
  4.         Linking the gap between producers and customers

 

  1.  
  1.  
  1.                  
  1.                   
  1.  
  1.                   
  1.                
  1.              
  1.                   
  1.  

 

 

 

 

 

 

 

 

 

 

 

 

  1. Match the items in Column A against with the responses in Column B and write the letter of the correct answer underneath the item number in the table provided after this question

 

 

Column A

Column B
  1. Abilities that entrepreneur needs to have so as to see the opportunities and generate ideas to do things in new ways
  2. Abilities that an entrepreneur should have so as to know how to position the products in order to attract new customers and retain existing ones
  3. Abilities that an entrepreneur needs to have so as to able to connect with different people inside or outside the business
  4. Abilities that an entrepreneur needs to have so as to be able to deal with difficulties happening in the business
  5. Abilities that an entrepreneur need to have so as to understand the funding situation of their business.
  1. Networking skills
  2. Innovative skills
  3. Technical skills
  4. Marketing skills
  5. Financial skills
  6. Problem solving skills

 

  1. Planning skills

 

 

  1.  
  1.  
  1.  
  1.  
  1.  

 

 

 

 

 

 

SECTION B (70 Marks)

Answer all questions in this section. 

  1. Describe the following terms
  1. Insurance

................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................

  1. Transportation

................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

  1. Communication

................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ 

  1. Advertising

................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ 

  1. Warehousing

................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ 

 

  1. Mr. ZM runs a dairy business which produces milk for selling. Mr MZ runs a small poultry business for producing eggs for his family. How can the given two businesses be differentiated in relation to the types of production? Give five points.

 

  1.  

 

...................................................................................................................................................................................................................................................... ......................................................................................................................................................................................................................................................

 

  1.  

 

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  1.  

 

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  1.  

 

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  1. Suppose Kobero plans to establish a profitable entrepreneurial business. Which attributes must be possessed by him? Describe five points.

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. (a) What is demand for a commodity?

…………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

(b) With examples, briefly explain four types of inter-related demand

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. a) Describe the term of chain of distribution.

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

b) Draw a diagram to demonstrate the chain of distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. You have been invited by the maize producers of Songwe region to explain on the importance of warehouse to the farmers. After presentation they agreed to build their own warehouse but they do not understand how it should be.As an expert in commerce explain to them five features of a good warehouse.

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
  1. Elaborate five challenges of barter trade  

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

  1. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

SECTION C (15 Marks)

Answer all questions in this section. 

 

  1. Despite the problems associated with small scale retail businesses, they are the most common type and have continued to exist alongside large-scale retail businesses. Briefly explain six (6) reasons for this.

 

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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Page 1 of 14

 

FORM TWO COMMERCE EXAM SERIES 163  

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

COMPETENCY BASED SECONDARY EXAMINATION SERIES

COMMERCE 

FORM TWO- SEPT 2022

061

TIME: 2:30 HOURS

INSTRUCTIONS

  • This paper consists of sections A, B and C with a total of seven (7) questions
  • Answer all questions
  • Section A and B carries thirty (30) marks and section C carries forty (40) marks
  • All answers must be written in the spaces provided
  • All writings must be in blue or black ink

 

SECTION A (30 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 in the space provided.
  1.                 The art of transmitting information and ideas by word of mouth, writing or by other means
  1.             Advertising
  2.             Communication       ( )
  3.             Insurance
  4.             Transport

 

  1.               The role of commerce in production process is to make
  1.             Direct services reach ultimate consumer
  2.             Distribution of goods and services to the retailer   ( )
  3.             Distribution of goods and service to wholesaler
  4.             Goods and service produced to reach the ultimate consumer

 

  1.            Given stock at start 80,000, stock at close 100,000, purchases 410,000, sales 455,000. Rate of stock turn is
  1.             5.1 times
  2.             3.4 times        ( )
  3.             4.3 times
  4.             2.3 times

 

  1.            Below are some of the factors to consider when locating a warehouse except
  1.             Number of customer
  2.             Communication system      ( )
  3.             Cost of construction
  4.             Flexibility

 

  1.               Vehicle includes the following except
  1.             Pickups
  2.             Cranes        ( )
  3.             Tankers
  4.             Dhows

 

  1.            The loading and off-loading places are referred  to as
  1.             Unit of carriage       ( )
  2.             Terminal
  3.             Way
  4.             Method of propulsion

 

  1.          The demand of one commodity that causes the demand of another commodity is called;
  1.             Joint demand       ( )
  2.             Composite demand
  3.             Derived demand
  4.             Competitive demand

 

  1.       ______________ is the exchange of goods for goods
  1.             Home trade       ( )
  2.             Barter trade
  3.             Foreign trade
  4.             Import trade

 

  1.            The level of stock at which placing new order must be done is
  1.             Minimum stock level
  2.             Maximum stock level      ( )
  3.             Average stock
  4.             Order point

 

  1.               The type of elasticity of supply that occurs when elasticity of supply is greater than one is called;
  1.             Unitary supply
  2.             Perfect elastic supply      ( )
  3.             Inelastic supply
  4.             Elastic supply

 

  1.               Match the descriptions in LIST A with the relevant in LIST B by writing the correct response below the corresponding item number in the table provided

LIST A

LIST B
  1.                 Number of shops found under one roof and managed by one
  2.               Self-service shop selling food stuffs and house hold items
  3.            Business conducted through post
  4.            Trader who carry goods on their heads or shoulder selling them from one place to another
  5.               Shops which sells goods from one manufacturer only
  1.             Multiple shops
  2.             Single shop
  3.             Peddler
  4.             Hyper market
  5.              Departmental store
  6.               Mail order business
  7.             Tied shop
  8.             Super market
  9.                 Hawkers
  10.                Discount store

 

LIST A

i

ii

iii

iv

v

LIST B

 

 

 

 

 

SECTION B (70 MARKS)

ANSWER ALL QUESTIONS FROM THIS SECTION

  1.               a) For each of the statements (i) – (x) write TRUE if the statement is correct or FALSE if the statement is not correct in the space provided
  1.                 Durable goods are goods which cannot stay for a long period of time without getting damage. _____________
  2.               Wholesaler purchase goods in bulk from retailers. _____________
  3.            Bonded warehouses are warehouses which store dutiable goods. ___________
  4.            Labour is the person who use mental and physical effort. ___________
  5.               Direct service involve public rallies, community based research and others ___
  6.            Pipeline transport is the movement of passengers, liquids and gases from one place to another. ______________
  7.          Commerce is the branch of economics. ____________
  8.       Demand curve is the graphical representation of demand schedule. _________
  9.            Basic needs includes food, shelter and clothes
  10.               Regional wholesaler are wholesalers who operate through the whole country. _______________

 

b) Complete the following sentences by writing the correct answer in the space provided 

  1.                 Ability and willingness of a producer to sell a particular product at a given price within a given period of time is _______________
  2.               __________________ is a process of moving goods and people from one place to another.
  3.            Path/way on which the goods flow from the producer to the final consumer is called ________________________
  4.            _______________ is the ability of a commodity to satisfy human want
  5.               The process of stimulating workers to accomplish desired goals in entrepreneurship is referred to as ________________
  1.               Briefly explain five functions of stock administration
  1.               Briefly explain the following concepts in relation to commerce
  1.                Containerization
  2.               Entrepreneurship
  3.                Self-employment
  4.               Rack jobbers
  5.                Specialization 
  1.               Study the table below

  1.                From the table above calculate the price elasticity of demand when price changes from Tsh 400 per kg to Tsh 200 per kg
  2.               State whether the price elasticity of demand is elastic or not

 

  1.                Draw the demand and supply curves and determine the equilibrium price and equilibrium quantity
  1.               Mention five (5) factors which causes change in demand of a commodity

                   (b) What is elasticity of demand and how it can be calculated?

  1.               Analyse seven functions of retailer
  2.               Explain four (4) four types of costs incurred during production process.

SECTION C. 15 MARKS

  1.            (a) Define entrepreneur as a factor of production

                    (b) Explain four (4) functions of entrepreneur of a business

 

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