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THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL
CERTIFICATE OF SECONDARY EDUCATION EXAMINATION
(For Both School and Private Candidates)
Time: 2:30 Hours November 2010 p.m.
This paper consists of sections A, B and C.
Answer all questions in sections A and B and two (2) questions from section C.
Calculators and cellular phones are not allowed in the examination room.
Write your Examination Number on every page of your answer booklet(s).
SECTION A (20 Marks)
Answer all questions in this section.
1. For each of the items (i) - (ii) choose the correct answer from among the given alternatives and write its letter beside the item number.
(i) Which one among the following statements is true as far as Commerce is concerned?
(ii) The functions of wholesalers are:
(iii) When a business concern becomes insolvent, this means that:
(iv) Banks make regular payments on behalf of their customers by means of:
(v) Which one of the following is not a service that a retailer provides to consumers?
(vi) The head office of a certain firm with all communication facilities is in need of conveying an urgent and detailed message to one of the distant branches.
Which one among the following facilities would be the most suitable to use?
(vii) The quickest method of remitting money through the post office is by:
(viii) The following policy covers losses on a particular route for a specific period:
(ix) Which of the following is not true about the characteristics of services?
(x) The amount given to shareholders as their share of profit of the company is:
2. Match the items in List A with the response in List B by writing the letter of the correct response beside the item number.
(i) The process of setting objectives and deciding how to achieve them.
(ii) The purchase and sale of goods today with the delivery scheduled in the future.
(iii) A financial ratio which measures how a firm is selling its goods.
(iv) A person who is authorized to represent another.
(v) A writer request from a foreign buyer for information regarding the price at which goods are to be sold and services rendered.
(vi) The amount which the insurer is prepared to pay at a particular time in total discharge of the contact.
(vii) Includes all the activities involved in creation of place, time and possession utilities.
(viii) Wholesalers who specialize in a particular types of goods.
(ix) A chain of retail store dealing in identical and generally restricted range of articles operating in different localities under a central ownership and control.
(x) The expectations of stock jobbers about future in stock exchange.
3. The following figures are for the year 2003.
Stock 01/01/2003.......... Tshs. 800
Stock 31/12/2003 ........... Tshs. 1,200
Purchases Tshs. 10,000
A uniform fraction of 1/6 margin is applied. Find the:-
4. Write short notes on the following:-
5. Mr. Mtakuja wants to join a consumer cooperative society. Define consumer co-operative society and give four (4) benefits he would enjoy by being a member of such type of society.
6. Give five (5) differences between a partnership and a company.
7. (a) Explain five (5) characteristics of a good warehouse.
(b) B. Rashid is a businessman who imports cars from Dubai for sale. Explain five benefits he gets from the use of bonded warehouses.
8. Explain the circumstance that can make a seller prefer cash with order to cash on delivery from the buyer.
9. It is often argued that advertising is an unnecessary expense which is ultimately passed onto the consumer by way of increased prices. Discuss.
10. (a) Discuss the importance of insurance to the economy of Tanzania.
(b) Explain the side effect(s) of under insurance to the insured
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