THE UNITED REPUBLIC OF TANZANIANATIONAL EXAMINATIONS COUNCIL OF TANZANIA
FORM TWO NATIONAL ASSESSMENT
Duration: 2:30 Hours
SECTION A (30 Marks)
Answer all questions in this section
1. For each of the following items (i) – (ii), choose the correct answer and write its letter in the box provided.
(i) What will be the order point of Mr. Cassel if his daily sales are 500 bags of sugar, the delivery time being 15 days and minimum stock of 200 bags?
(ii) The process through the customer exchange information with the shop keeper about the availability of rice in his shop is expressed as
(iii) Why is it necessary to use demand schedule in drawing a demand curve?
(vi) Why internal motivation important in an entrepreneurship?
(v) In which category does Madam Mashenge be grouped if she produced green vegetables in large quantity and sells them in bulk to retailers who will then sell them to final users?
(vi) The main elements of commerce comprises of
(vii) Which of the following units of carriage in transport is most suitable in carrying delicate and perishable goods over a long distance?
(viii) Petrol stations which sell petrol and diesel obtained from the same producer are the examples of
(ix) The following are benefits of self – employment to an entrepreneur except
(x) Mr. Makiku is a large scale local rice producer who invested a capital of Tsh.300 million in production. What reward is he deserve as a return of his capital?
A wholesaler who operates on a very large scale business and supplies goods to retailers in all parts of the country is known as:
Which of the following presents a disadvantage of barter system?
(iii) An official document used to correct undercharge of an invoice is called
(iv) Which of the following group presents a broad classification of occupations ?
(v) Prices below equilibrium price reflect:
(vi) An agent who sells goods of his principal in his own name is called
(vii) Which of the following presents the main feature of multiple shops?
(viii)Examples of free goods are
(xi) Which ofthe following is not included in commerce flow chart?
(x) What is the correct formula used to calculate working capital of the business?
Warehouses which belong to manufacturers, wholesalers or individuals are categorized as:
The appropriate channel to distribute perishable goods to final consumers is from:
(iii) Which of the following is considered as disadvantage of division of labour?
(iv) The exchange of goods and services is referred as:
(v) Demand curve normally slopes from
(vi) Which of the following is an example of retailers who do not have permanent premises?
(vii) Which of the following is a reward for capital as a factor of production?
(viii)If the price elasticity of demand is greater than I, the demand is said to be.
(ix) Which of the following is a good example of perishable goods?
(x) If the average stock is shs. 120, 000 and cost of sales is shs.
480,000, the stockturn rate be•.
The process of selling goods and services to other countries is called:
(ii) The movement along a demand curve is caused by:
(iii) Which ofthe following is the best feature ofthe multiple shops?
(iv) The main branches of production are:
(v) The shops which sell products of one manufacturer only are called:
(vi) Which of the following is a reward for land as a factor of production?
(vii) A warehouse where imported goods are kept waiting for customs clearance is called
(viii)Which of the following service is normally rendered by wholesalers to the consumers?
(ix) An art of making goods and services known to the public is known as:
(x) Any price above equilibrium price for a given commodity leads to:
Commerce involves all activities that enable goods and services to be moved from the producer to the:
If a great change in price brings about a small change in the quantity demanded then the price elasticity of demand is:
(iii) A tractor used in agricultural activities is in the category of:
(iv) The stock level when new goods are required in the warehouse is:
(v) The exchange of money value of a good and services:
(vi) Marginal cost is defined as:
(vii) A retail outlet which sells a product of only one manufacturer is termed as:
(viii) Which ofthe following is NOT normally done by the wholesaler?
(ix) Home trade is divided into:
(x) An agent who sells goods at a public auction is:
The role of commerce in the process of production is to make:
When there is an increase in supply, the supply curve always shifts.
(iii) Goods produced create utility when they:
(iv) ... ... ... includes all the activities necessary in bringing goods and services into the market:
(v) One of the following is the quality of the retailer:
(vi) A profit percentage which is calculated on sales is called:
(vii) The art of transmitting information and ideas by word of mouth, writing or by other means is called:
(viii) Portability can be defined as ability to:
(ix) A document which contains a list of goods offered for sale by traders is called:
(x) Steps through which goods reach the consumers are termed as:
(i) Which of the following activities is not involved in the study of commerce?
(ii) The last person in the distribution chain is:
(iii)The ability of goods and services to satisfy human wants is known as:
(iv)Distinguishing mark attached to the product and which cannot be used by any other producer is called:
(v) A retailer may prefer to deal with a wholesale firm because:
(vi)Variable cost is that which varies with:
(vii) The exchange of goods and services among different countries is called:
(viii) Re-order level is the level:
(ix)An aid to trade that safeguards goods and trade against loss is called:
(x) A building which is usedto store goods on payment:
(i) The main purpose of commerce is to bridge the gap between:
Demand curve normally slopes from:
(iii) The process of making goods for ones own use is termed as:
(iv) One of the main features of a supermarket is:
(v) Retailing does not include:
(vi) The resources in the form of money or property that a person or an organization has for establishing and running a business is referred to as:
(vii) Domestic trade involves:
(viii) The production process ends when goods reach the:
(ix) Barter trade is the system of exchanging goods for:
(x) What will be the effect of an increase in supply?
(i) The exchange and distribution of goods and services is referred to as:
Which of the following set represents the branches of production?
(iii) When a commodity is used for two or more purposes the demand for such a commodity is called:
A. competitive demand
B. composite demand
C. derived demand D. joint demand
(iv) The quantity of a commodity supplied usually increases when the:
(v) The following are the functions of retailers except:
(vi) Which of the following is not a function of a wholesaler?
(vii) Trade means:
(viii)Which level is reached after receiving new delivery?
(xi) Which of the following is not a function of the warehousing in preparing goods for sale?
(x) The art of making goods and services from production to be known by the whole public is called:
The main purpose of Commerce is to bridge the gap between:
(ii) Making goods for ones own consumption is termed as:
(iii) If a small change in price brings about a greater change in quantity demanded, then the price elasticity of demand is said to be:
(iv) When there is an increase in supply, the supply curve always:
(v) One of the following is a quality of the retailer:
(vi) A wholesaler obtains goods from:
(vii) A bonded warehouse is used to store:
(viii)Domestic trade involves:
(ix) The cost of production which changes as the output changes is called:
(x) Breaking the bulk means:
(i) Which of the following statements is true?
(ii) A warehouse which is used to store goods on payment is called:
(iii) The point where demand and supply curves intersect is known as:
(iv) The distinguishing marks attached to products and which cannot be used by any other producer are called:
(v) The following do not posses permanent business premises:
(vi) One of the main features of a supermarket is:
(vii) A service that takes care of risks involved in trade is:
(viii)Production ends when:
(ix) Marginal cost is defined as:
(x) The level reached after receiving new delivery is called:
(i) Which of the following is not an aspect of commerce?
(ii) The qualities of a good retailer is:
(iii) Which of the following is an example of primary production?
(iv) Demand curve is that which moves from the:
(v) Which ofthe following is notafunction of stock administration?
(vi) Tea and coffee form what type of supply?
(vii) Which of the following function is not normally done by wholesaler to retailer?
(viii)Departmental store refers to:
(ix) Industries which assemble already manufactured goods are
(x) C.O.D is an abbreviation which stands for: