COMMERCE FORM THREE NEW NECTA FORMAT

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, LOCAL ADMINISTRATION AND LOCAL GOVERNMENT

COMMERCE- TERMINAL EXAMINATION-MAY

FORM THREE

TIME: 2:30HRS                                                                2020

NAME:_______________________________________________                     CLASS:___________

INSTRUCTIONS

  • This paper consists two sections A and B
  • Answer All questions in both sections
  • Answers should be written in blue/black ink

SECTION A

MULTIPLE CHOICE QUESTIONS

1. For each of items (i)-(x), choose the correct answer from among the given alternatives and write its letter in the boxes provided below:

(i) All of the following methods are involved in a barter exchange except:

  1. The buyer must have some goods to give to the seller
  2. The buyer must pay cash to the seller
  3. The buyer can offer labour services to obtain goods
  4. There must be a double coincidence of wants

 (ii)  Which one of the following is an example of a barter trade?

  1. Fish and coins
  2. Goat and notes
  3. Cow and chair
  4. Sheep and silver coins

 (iii) Which of the following industries deal with natural resources?

  1. Manufacturing
  2. Constructive
  3. Extractive
  4. Textile 

 (iv) The resources in the form of money or materials that a person or an organization has for establishing and running a business is called:

  1. Merchandise
  2. Basic needs
  3. Capital
  4. Debts

 (v)  The point where demand and supply curves intercept is called:

  1. Centre point
  2. Zero point
  3. Equilibrium point
  4. Margin

 (vi) A refrigerator used in making ice cream for sale, is in the category of:

  1. Consumer goods
  2. Luxury goods
  3. Producer goods
  4. Domestic goods

 (vii) Generally, more goods will be supplied when:

  1. Prices are relatively high
  2. Prices are relatively low
  3. Prices are fairly competitive
  4. Prices are fixed by the government 

 (viii) Traders who do not have permanent business premises are called:

  1. Itinerant traders
  2. Gamblers 
  3. Brokers
  4. Underwriters
  5. Retailers

 (ix) The last people in the distribution chain are:

  1. The customers
  2. The retailers
  3. The wholesalers
  4. The consumers

 (x) Given that:

  • Daily sales = 20 tins of NIDO milk
  • Delivery time = 5 days
  • Minimum stock = 100 tins of NIDO milk

Order point is:

  1. 200 tins
  2. 150 tins
  3. 180 tins
  4. 100 tins

2. MATCHING ITEMS

Choose the items in group A that matches with the items in group B

LIST A

LIST B

(i) The period of time between ordering and replenishment, i.e. when goods are available for use

(ii) The level reached immediately after the receipt of new supply of goods

(iii) Is a document sent by the seller to the buyer to correct an overcharge on the original invoice

(iv) Is a document sent by the seller to the buyer to correct an undercharge on the original invoice

(v) Are self-services shops that stock varieties of items? 

 

  1. Super markets
  2. Retailers
  3. Credit note
  4. Debit note
  5. Cheque
  6. Drafts
  7. Wholesalers
  8. Manufacturers
  9. Issuing of stock
  10. Order point
  11. Care of stock
  12. Lead or procurement time
  13. Stock taking
  14. Maximum stock
  15. Stock valuation

 

SECTION B

3. Short answer questions

  1. Traditional Media
  2. Visual communication
  3. Inflation
  4. Expansionary Monetary policy
  5. Savings bank

SECTION C

Answer All questions in this section 

4. “Money is as money does “Discuss.

5. Discuss the importance of communication to business

6. a) What is B.O.T?

b) Examine the functions of B.O.T in Tanzania

7. Explain the  qualities of a good retailer

8. Explain the problems facing communication in Tanzania

9. a)Explain the term “ Transportation”

b) State the merits of air transport in Tanzania. (Five points)

10. Discuss the factors which must be considered for choosing a mode of transport

 

LEARNINGHUBTZ.CO.TZFORM THREE COMMERCE MODAL SERIES 17

                                                          LEARNING HUB TANZANIA                                                                                                                        

COMMERCE - TERMINAL EXAMINATION

FORM THREE

TIME: 2:30HRS                                                                                                          2019

NAME:_______________________________________________                     CLASS:___________

INSTRUCTIONS

-          This paper consists two sections A and B

-          Answer All questions in both sections

-          Answers should be written in blue/black ink

 

SECTION A

MULTIPLE CHOICE QUESTIONS

  1. For each of items (i)-(x), choose the correct answer from among the given alternatives and write its letter in the boxes provided below:

i)                    All of the following methods are involved in a barter exchange except:

  1. The buyer must have some goods to give to the seller
  2. The buyer must pay cash to the seller
  3. The buyer can offer labour services to obtain goods
  4. There must be a double coincidence of wants

 

ii)                  Which one of the following is an example of a barter trade?

  1. Fish and coins
  2. Goat and notes
  3. Cow and chair
  4. Sheep and silver coins

 

iii)                Which of the following industries deal with natural resources?

  1. Manufacturing
  2. Constructive
  3. Extractive
  4. Textile

 

iv)                The resources in the form of money or materials that a person or an organization has for establishing and running a business is called:

  1. Merchandise
  2. Basic needs
  3. Capital
  4. Debts

 

 

v)                  The point where demand and supply curves intercept is called:

  1. Centre point
  2. Zero point
  3. Equilibrium point
  4. Margin

 

vi)                A refrigerator used in making ice cream for sale, is in the category of:

  1. Consumer goods
  2. Luxury goods
  3. Producer goods
  4. Domestic goods

 

vii)              Generally, more goods will be supplied when:

  1. Prices are relatively high
  2. Prices are relatively low
  3. Prices are fairly competitive
  4. Prices are fixed by the government

 

viii)            Traders who do not have permanent business premises are called:

  1. Itinerant traders
  2. Gamblers
  3. Brokers
  4. Underwriters
  5. Retailers

 

ix)                The last people in the distribution chain are:

  1. The customers
  2. The retailers
  3. The wholesalers
  4. The consumers

 

x)                  Given that:

Daily sales = 20 tins of NIDO milk

Delivery time = 5 days

Minimum stock = 100 tins of NIDO milk

Order point is:

  1. 200 tins
  2. 150 tins
  3. 180 tins
  4. 100 tins

 

 

  1. MATCHING ITEMS

Choose the items in group A that matches with the items in group B

GROUP A

i)                    Keeping stock in good order and at the right time

ii)                  The period of time between ordering and replenishment, i.e. when goods are available for use

iii)                Releasing sold stock to the customers

iv)                The level reached immediately after the receipt of new supply of goods

v)                  The level at which placing of a new order must be done

vi)                Sells goods to other traders

vii)              Is a document sent by the seller to the buyer to correct an overcharge on the original invoice

viii)            Is a document sent by the seller to the buyer to correct an undercharge on the original invoice

ix)                Is a written order from an account holder to the bank, to pay a specific sum of money to the person named on it

x)                  Are self-services shops that stock varieties of items?

GROUP B

  1. Super markets
  2. Retailers
  3. Credit note
  4. Debit note
  5. Cheque
  6. Drafts
  7. Wholesalers
  8. Manufacturers
  9. Issuing of stock
  10. Order point
  11. Care of stock
  12. Lead or procurement time
  13. Stock taking
  14. Maximum stock
  15. Stock valuation

i

ii

iii

iv

v

vi

vii

viii

ix

x

 

 

 

 

 

 

 

 

 

 

 

  1. Short answer questions

i)                    Traditional Media

ii)                  Visual communication

iii)                Inflation

iv)                Expansionary Monetary policy

v)                  Savings bank

 

SECTION B

Answer All questions in this section

 

  1. “Money is as money does “Discuss.

 

  1. Discuss the importance of communication to business

 

  1. a) What is B.O.T?

b) Examine the functions of B.O.T in Tanzania

 

  1. Explain the  qualities of a good retailer

 

  1. Explain the problems facing communication in Tanzania

 

  1. a)Explain the term “ Transportation”

b) State the merits of air transport in Tanzania. (Five points)

 

  1. Discuss the factors which must be considered for choosing a mode of transport

 

 

 

 

 

1

 

LEARNINGHUBTZ.CO.TZFORM THREE COMMERCE MODAL SERIES 5

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