TOPICAL EXAMINATIONS

FORM ONE COMMERCE

ENTREPRENEURSHIP

1. Which statement is not true about small business

1. It has little risk
2. Creates wealth faster
3. Highly innovative
4. It needs less capital

2. Which is not nature and behavior of an entrepreneur?

1. Communication skills
2. Hard work
3. Visionary
4. Innovative

3. What is a fundamental nature of economic growth?

1. Gap filling
2. Status withdrawal
3. Creative innovation
4. High achievement

4. The word illumination means;

1. Checking if idea is viable
2. Testing an idea
3. Checking reality of an idea
4. Carrying out verification

5. Ability to interact with customers and clients can be termed as;

1. Communication skills
2. Managerial skills
3. Interpersonal skills
4. Social  skills

6. 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

7.  Which of the following is not a function of an entrepreneur?

1. Taking risks
2. Innovation
3. Carrying out research
4. Helping the government

8. Which of the following is not a reason as to why people become self employed?

1. To increase wealth faster
2. To be independent
3. To be their own boss
4. To have freedom

9. One risk of being self employed is;

1. Freedom
2. Conflict
3. Inability to make decision
4. Instability

10. The emergency of entrepreneurs in Tanzania has greatly been influenced by;

1. Role models
2. Unemployment
3. Provision of education
4. Existence of opportunities.

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

12.  Explain with reasons why people decide to start their own business

13. Give reasons why not many people want to be self employed

14. What benefits do people who are self employed have?

15. What contributions have entrepreneurs brought in the society?

16.  Explain the functions of entrepreneurial activities

17. Explain the entrepreneurial process.

COMMERCE FORM ONE: TOPICAL EXAM.

RETAIL TRADE

SECTION A:

MULTIPLE CHOICE QUESTIONS.

1. Choose the most correct answer.

(i)              Which of the following is not a function of a retail trade?

1.     Sales goods in wholesale to consumers
2.     Limits producer and consumer.
3.     Provide investment opportunity for entrepreneurs.
4.     Provide peace among people.

 (ii) Which among the following is not function of a retailer?

1.           Transportation of goods
2.            Adding value to goods
3.            Offering credit facilities
4.           Stocking various goods

 (iii) Which among the following services is not provided to a manufacture by a retailer?

1.              Financial services
2.               Market research
3.               Communication
4.              Marketing of goods

 (iv) Breaking Bulk means

1.           Repackaging.
2.            Selling in small quantities.
3.            Buy in large quantity and sell them in small quantity.
4.           Branding goods.

 (v) Which is not a quality of a retailer?

1.           Honest
2.            Good seller
3.            Good buyer.
4.           Good time keeper.

 (vi) A trader who carries goods for sale from door to door is called?

1. Hawker
2. Peddlers
3. Itinerant trader
4. Road side traders.

(vii) They move with good along busy streets.

1.           Peddlers
2.            Hawker
3.            Machinga
4.           Mobile shops

(viii) Found mostly in rural areas and run by family members.

1.        Tied shops
2.         Single shops.
3.         Market traders
4.        Mobile shops.

(ix) Number of shops under one roof and one management is called?

1.        Departmental store
2.         Chain store
3.         Hyper market
4.        Mall

(x) 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.

2. Match the items from list A with those in list B.

SECTION B:

3. (a) Define:

(i)     Retailer

(ii)  Retail trade.

    (b) Identify six functions of retailers.

4. (a) Who is an Itinerant trader?

    (b) Discuss six characteristics of small scale retailers.

5. (a) What is mail order business?

    (b) Mention four advantages and four disadvantage of mail order business.

SECTION C:

6. Mention five services rendered by retailers to the following;

(i)     Manufacturers

(ii)  Wholesalers

(iii) Customers.

7. (a) Describe using examples how retail trade has developed in modern times.

    (b) Outline four features of mail order business.

COMMERCE FORM ONE: TOPICAL EXAM.

WHOLESALE TRADE:

SECTION A:

                     MULTIPLE CHOICE QUESTIONS.

1. Choose the most correct answer.

(i)              Buying goods in large quantities and selling them in smaller quantities to other trader is called?

1.        Retailing
2.         Whole selling.
3.         Whole saler trade.
4.        Wholesaler.

 (ii) Which of the following is not a service rendered by whole saler to customers?

1.        Breaking Bulk
2.         Advertising
3.         Storage
4.        Providing a variety of goods

 (iii) Wholesalers who operate in a specific geographical area are called?

1.        Rack Jobbers
2.         General line wholesalers
3.         Regional wholesalers
4.        General merchandise whole saler.

 (iv) A rack jobber is a wholesaler who?

1.        Operate throughout country
2.         Stock only specialized type of goods within a given line of product.
3.         Specialize in marketing a specific type of a product.
4.        Stock a variety of goods but within a specific line of product.

 (v) Which is not a function of wholesaler?

1.        Marketing goods
2.         Preparation for sale
3.         Storage of goods.
4.        Advice consumers

 (vi) Wholesalers offer the following services to manufactures except;

1.        Advices manufacturers
2.         Offer transport services
3.         Relief manufacture Burden of storage
4.        Carry out market research.

(vii) Wholesalers who deal with a wide variety of goods.

1.           National wide wholesalers
2.            Specializes whole salers
3.            General merchandise wholesalers
4.           Regional wholesalers.

(viii) A path through which product follow from producer to the final consumer

1.        Channel of distribution
2.         Intermediaries.
3.         Chain of Distribution
4.        Distribution

(ix) 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.

(x) Stock varieties of goods, enable retailers to visit their premises, pick goods pay for them and transport the goods.

1. Rack Jobbers
2. Cash and carry wholesalers
3. Regional wholesalers.
4. Distribution.

2. Match the items from list A with those in list B.

SECTION B:

3. (a) Give two differences between a retailer and wholesaler.

    (b) Describe six functions of a wholesaler.

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

5. (a) What is a distribution chain?

    (b) Elaborate any six distribution chain available to a wholesaler.

SECTION C:

6. (a) Give two reasons why it is necessary to eliminate a wholesaler?

    (b) Elaborate three circumstances in which wholesalers can be eliminated.

    (c) Describe five factors that determine the length of a distribution channel.

7. Explain five types of wholesalers.