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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: 2009
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 process of making goods for one's own use is termed:
(ii) Which of the following is the convenient route in the channel of distribution?
(iii) A limited partnership is a partnership:
(iv)The term "legal tender" means:
(v)The main purpose of commerce is to:
(vi)Bank rate is the rate of interest charged by:
(vii)Which of the following functions is usually not performed by a wholesaler?
(viii)Which one among the following is true regarding regressive tax system?
(ix)Which one among the following covers insurance of property?
(x)Which one among the following does not relate to import trade?
2. Match the items in List A with the responses in List B by writing the letter of the correct response beside the item number.
(i)Sells products from different manufacturers
(ii)A grant of property for a term of months/years
(iii)Is where short term loans can be obtained
(iv)Occurs if a country trades with only one country
(v)Do not carry any interest
(vi)A valuable document accepted by the bank as a protection against loan granted.
(vii)Provides capital and receives profit but likes no part in management
(viii)Where liquid assets of a firm are insufficient to meet claims of creditors
(ix) A document that defines the relationship between the company and the outsiders
(x) A payment is made at the point of sale
3.Write short notes on the following:-
(a) Geographical/national specialization.
(b) Balance of trade.
(c) Bills of exchange.
(d) Canons of taxation.
4.Given the following:
Sales 6,000/=; opening stock 1.500/=; purchases 2,600/=; carriage inwards 55/=; returns inwards 400/=; closing stock 1,000/=; purchases 400/=.
(a) Mark up
Rate of stock turnover.
5.(a) Mention three (3) differences between a public company and a private company.
(b) Explain two (2) factors that influence the size of a business unit.
6.(a) Mention and define four (4) elements of transport.
(b) Explain the importance of transport to business.
7.(a) Explain five benefits that a businessman would get by using face-to-face communication.
(b) Explain five barriers to effective communication in business.
8.Explain why trading with overseas countries is more difficult than trading within a country.
9.(a) Explain five (5) factors that determine elasticity of supply.
(b) Discuss the effects on the demand for bicycle due to:
(i)an increase in incomes
(ii)a rise in the price of petrol
(iii)an improvement in the technology of bicycle production
10.Account for the presence of many small-scale retailers than large-scale retailers in Tanzania.
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