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THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA CERTIFICATE OF SECONDARY EDUCATION EXAMINATION
(For Both School and Private Candidates)
Time: 3 Hours Year: 2003
1. For each of the items (i) - (x) choose the correct answer from among the given alternatives and write its letter beside the item number.
(i)The main objective of commerce is to:
(ii)Communication may be defined as:
(iii)Which one of the following is not an advantage of indirect taxation?
(iv)A favourable balance of trade means:
(v)Which of the following is an example of tertiary production?
(vi)Profit margin is:
(vii)A retailer does not perform the activity of:
(viii)A proforma invoice is:
(ix)In warehousing "WARRANT" implies:
(x)Which of these is not a function of the Bank of Tanzania?
2. Match the items in list A with the responses in list B by writing the letter of the corresponding response beside the item number.
(i) Changing raw materials into finished goods
(ii) A means by which an importer obtains credit and exporter gets assurances of payment due to him
(iii) The management of stocks in a warehouse so that the goods are available when required
(iv) A document which acts as the title of ownership to goods as well as an acknowledgement for imported goods
(v) Implies the situation of fulfillment of a need to get the right item
(vi) A word used to a wholesaler with large warehouses operating on a very large scale like a country
(vii) Loans made to a company which carries a fixed rate of interest (viii) A periodical valuing of all goods on hand.
(ix) Protection against price fluctuation and a buyer guaranteed a certain quantity at a fixed price at the future rate.
(x) Shops which sell the products of a particular manufacturer
A. National wide wholesaler
B. Bill of lading
C. Letter of hypothecation
M. Letter of credit
D. Tied shop
N. Single shop
P. Bill ox exchange
G. Management of stock
Q. Take over
S. Petrol station
T. Excise duty
3.Write short notes on the following:
(a) Credit instruments
(b) Stock control
(c) Price elasticity of supply
(d) Partnership deed
(e) Principles of taxation
4.Explain briefly the functions of the Board of External Trade (BET).
5.Study the schedule below:
Demand in kg
Price in Shs per kg
Supply in kg
(a) From the above information calculate the price elasticity of demand when price changes from Shs. 40 per kg to Shs. 20 per kg.
(b) State whether the price elasticity of demand is elastic or unitary. Give reasons for your answer.
(a) A cooperative organization from a partnership.
(b) Visible trade from invisible trade.
7. (a) Define money.
(b) Explain five qualities of good money.
8.(a) Define the term hyper-market.
(b) Outline advantages of hyper-market.
9.(a) What is management?
(b) State and explain five basic functions of management.
(c) Outline two management problems from shareholders.
10.Outline the main advantages of containerization.
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