FORM FOUR COMMERCE MIDTERM-2 EXAMS

PRESIDENT’S  OFFICE, REGIONAL ADMINISTRATION

AND LOCAL GOVERNMENT

SECONDARY EXAMINATION SERIES

COMPETENCY BASED SERIES

COMMERCE FORM FOUR

MID-TERM EXAMS – AUGUST – 2023


Instructions

 

1. This paper consists of three sections A,B and C with a total of eleven (11) questions. 

2. Answer all questions in section A and B and two (02) questions from section C 

3. Section A carries sixteen (16) marks, section B fifty four (54) marks and section C carries thirty (30) marks 

4. Cellular phones and any authorized materials are not allowed in the examination room 

5. Write your examination number on every page of your answer booklet(s) 

 

SECTION A (16 Marks) Answer all questions in this section

1.      For each of the following items (i) to (x) choose the most correct answer from among the given alternatives and write the alternatives in the answer sheets provided.

i.          A mother owned a tailoring market and she is a tailor too. In which level of production is the activity performed by mother categorized?

A.   Primary activity

B.   Extraction activity

C.   Tertiary activity

D.   Secondary activity

E.   Constructive activity

 

ii.        Mr. Sulley  Muntary made a hire purchase contract for a sumsung T.V from SEHEWA ELECTRONICS PRODUCTS SHOP for Tsh. 860,000. He makes a down payment of Tsh. 460,000 and promise to pay the balance within 30

days. After the down payment Mr.Sulley Muntary obtains;

A.   Possession but not ownership of the TV

B.   Ownership but not possession of the TV

C.   Ownership and possession of the TV

D.   Neither ownership nor possession of the TV

E.   Possession or ownership of the TV

 iii. The persistence rise in the general prices and a consequent   fall in the purchasing power of money;

A.   Disinflation

B.   Inflation

C.   Deflation

D.   Devaluation

E.   Reflation

 iv.  Why face to face business communication is advantageous to both retailer and final customers?

A.   There is no need of keeping record of the message communicated

B.   It provides immediate feedback on the message communicated

C.   It reduces unnecessary noise between the sender and the receiver

D.   It promotes trust worth between the sender and the receiver

E.   The message communicated cannot be distorted

 

v.     A principle of insurance where the insured must suffer the final loss is called?

A.     Utmost good faith

B.     Subrogation

C.    Incurable interest

D.    Indemnity

E.     Proximate course

 vi. A consignment of goods was invoiced at Sh 80,000 at a trade discount of 5% and a cash discount of 3%. What was the amount payable to the seller? A.  2,280

B.   6,400

C.   73,600

D.   73,720

E.   76,000

 vii. In every July, each year there is Sabasaba trade fair show in Dar-es Salaam, What is the purpose of that;

A.   Reduce price of food

B.   Reduce selling expenses

C.   Create market for goods

D.   Discourage customers from buying imported goods

E.   Extend goods near to the customers

 viii. One of the following methods can be used by a drawer to make several payments using one cheque;

A.      Credit transfer

B.      Standing order

C.      Money order

D.      Postal order

E.      Bank draft

 ix.       When a demand for a given commodity is said to be elastic?

A.   A change in demand is equivalent to change in supply

B.   A slight change in price gives a big change in quantity demanded

C.   A change in price leads to change in demand

D.   A change in price does not lead to significant change in demand

E.   At a constant price demand change

 

x.   K. Buta had an opening stock of 20,000/= and closing stock of 25,000/=. His net purchases for the year amounted to 150,000/=.What was the cost price?

A.   180,000

B.   145,000

C.   135,000

D.   147,000 E. 120,000

 

 

 

 

 

 

 

 

 

2.      Match the description of insurance in column A with the appropriate terms in column B by writing the letter of the correct response besides the corresponding item number in the answer booklet provided.

 

COLUMN A

COLUMN B


 

 

(i) A document indicate an agreement between Ms Jason and National Insurance company

(ii)A document filled by Ms.Jason request compensation from National Insurance company

(iii)MsJason restored to her original possion National (iv)Insurance company took the destroyed car soon after compensation Ms Jason

(v)MsJason paid Tzs 50,000 to National Insurance company as part of agreement on monthly basis

Ms Jason decide to cancel the agreement with National Insurance Company on 1 July 2022. She supposed to receive

A.     Premium

B.     Indemnity

C.     Proposal form

D.     Surrender value

E.     Policy

F.      Subrogation G. Contribution

H.   Claim form

I.     Insurable interest

 

 

 

 

SECTION B (54 Marks) Answer all questions in this section

  

3.      (a) No one can escape from commerce. This is an indication that commerce is an essential subject to everyone. As a student of commerce give four (4) concrete points to justify the argument

 

(b)  Labour requires close supervision and human relation to increase its efficiency as they prefer leisure to work. Apply the knowledge you have to explain five (5) factors affecting performance of labour

 

4.      (a) The shortcomings of the barter trade out weight its significance in commercial activities.   With examples, explain the statement (five points)

 

(b)  Specialization and division of labour plays an important role in the industrial production, yet they have their flaws. In four (4) points argue in favour of this statement.

 

5.      Globalization simplifies marketing now people may sell their products without reach to the market place. Why advertisement emphases in a business (five points) 

 

6.      (a) Change  in the price of beans by 30 percent at Hedaru market lead to an increase in the quantity supply of beans by 70 percent

i.          Calculate price elasticity of beans at Hedaru market

ii.        Interpret the answer in a(i) above

 

(b)  Mbondii Trader, the following transactions were observed;

Sales 6,000/=; Opening stock 1,500/=; Purchases 2,600/=; Carriage Inwards

55/=; Return Inwards 400/=; Closing stock 1,000/=; Purchases returns 400/=;

Calculate the followings

i.           Cost of sales

ii.         Markup

iii.        Rate of stock turnover

 

7.      Product differentiation is common in different countries. Due to this fact the exchange of goods and services among countries is inevitable. Discuss (Give five points)

 

8.      (a) Despite the large number of large scale retailers, there are still growth in small scale retailers in Tanzania. Explain any five (5) factors influencing the growth of retail business in Tanzania

(b)  Organization management which fulfills ethic responsibilities is an asset to the society. Justify this statement by giving four (4) concrete arguments

 

SECTION C (30 Marks)

 

Answer only two (2) questions in this section

 

9.      Justify the reasons to why government of Tanzania establishes Tanzania Revenue Authority (TRA). Give six points

 

10. JOSA group intend to open micro enterprises after completing their ordinary level education. As an expert advise them on the six (6) necessary skills they will need to have in order to successfully operate their enterprises

 

11. (a) In spite of Tanzania having a meter gauge railway from Dar Salaam to Dodoma still the government of Tanzania is currently expanding the construction of the standard gauge railway (SGR) to replace the old one. Explain five (5) expected merits of standard gauge railway soon after accomplishment of this project

 

(b) Most traders prefer written communication compare to oral communication. Why? (Give four points).

 

 

 

FORM FOUR COMMERCE EXAM SERIES 167  

FORM FOUR COMMERCE EXAM SERIES 167  

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.

FORM FOUR COMMERCE EXAM SERIES 115  

FORM FOUR COMMERCE EXAM SERIES 115  

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

FORM FOUR COMMERCE EXAM SERIES 66  

FORM FOUR COMMERCE EXAM SERIES 66  

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