COMMERCE FORM TWO: TOPICAL EXAM.

WAREHOUSING MANAGEMENT:

SECTION A:

                      MULTIPLE CHOICE QUESTIONS.

1. Choose the most correct answer.

(i)                 A building for storing goods until the need for stored goods arise in called?

1.        Warehouse
2.         Depot.
3.         Godown.
4.        All of the above

 (ii) Which is not a function of warehousing?

1.              Receiving goods
2.               Protecting them
3.               Selling goods
4.              Ensuring goods are available when needed.

 (iii) Which is not an element of warehouse?

1.              Location
2.               Security
3.               Customers
4.              Staff.

 (iv) Which is not a factor to consider when locating warehouse?

1.              Number of customers
2.               Sources of goods
3.               Transport network.
4.              Building and structures.

 (v) Which is not a type of private warehouse?

1.              Merchant warehouse
2.               Producer warehouse
3.               Retailer warehouse.
4.              Wholesaler warehouse

 (vi) One disadvantage of wholesaler is that

1.              Stock variety of goods
2.               Relieve manufactures and small scale retailers.
3.               Capital is tied up
4.              Unregular supply of goods.

(vii) The least factors to consider when locating warehouse is?

1.              Source of goods
2.               Security
3.               Land space
4.              Internet connection.

(viii) Which is not an advantage of retailers warehouse?

1.              Low cost of storage
2.               Better managed
3.               Retailer can respond to consumer needs in good time
4.              Stock can be supplied to retail shops very faster.

(ix) Which of the following is not a department of a warehouse?

1.              Administrating department
2.               Accounting department
3.               Sales department
4.              Administrating department.

(x) Which of this activity is not involved in release of goods.

1. Stock - taking
2. Record goods in a bin card
3. Packing goods.
4. Keep record of outgoing goods.

2. (a) Match the items from list A with those in list B.

(b) Fill gaps below.

(i)     __________ is done to facilitate identification.

(ii)  _________ are cards used to record received goods.

(iii) The process of receiving goods, protecting and issuing them when needed__________

(iv) __________ are stocks kept for un for seen expectation.

(v)   __________ the process of giving a product a name.

SECTION C:

3. (a) Distinguish between bonded warehouse and private warehouse

    (b) Give benefits of bonded warehouse.

4. (a) Differentiate warehouse and warehousing 

    (b) Write six essentials of a warehouse.

5. Discuss five ways in which warehouse facilitate trade.

SECTION D:

6. (a) Mention three main types of warehouses

    (b) Under what circumstances should a manufacture find it necessary to build his own warehouse rather than hire?

    (c) Discuss four disadvantages of wholesaler warehouses.

7. Discuss the main functions of warehouse.

COMMERCE FORM TWO: TOPICAL EXAM.

STOCK ADMINISTRATION:

SECTION A:

                    MULTIPLE CHOICE QUESTIONS.

1. Choose the most correct answer.

(i)                 Stock administration means?

1.              Selling of stock
2.               Proper keeping of stock
3.               Ensure goods for sale are always sufficient.
4.              Management of stock in business.

 (ii) Which of the following is not a component of stock administration?

1.              Stock taking
2.               Receiving
3.               Placing items
4.              Caring of stock.

 (iii) The checking and keeping records of the quantity and value of articles in stock is called?

1.              Stock valuation
2.               Stock taking
3.               Stock control
4.              Stock placing

 (iv) Keeping of received consignment is referred to as:

1.              Receiving
2.               Issuing stock
3.               Caring for stock.
4.              Placing of item.

 (v) Physically committing of goods or commodities held by business

1.              Stock valuation
2.               Stock control.
3.               Stock taking
4.              Stock administration.

 (vi) The level of stock at which placing of new order must be done is called?

1.              Average stock
2.               Order point
3.               Reorder level
4.              Stock turn over.

(vii) The ration of gross profit expressed as a fraction or percentage of sales or selling price is called?

1.              Margin
2.               Mark - up
3.               Profitability ratio
4.              Average stock.

(viii) Cost of good sold divided by average stock gives us:

1.              Re – order level
2.               Rate of stock turn over.
3.               Cost of goods sold
4.              Mark – up.

(ix) The period of time that stock is sold at a certain rate is called?

1.              Average stock
2.               Stock turn over
3.               Maximum stock
4.              Minimum stock

(x) A high rate of stock turn over indicates;

1.              Loses
2.               Slow movement of goods
3.               Faster movement of goods.
4.              High demand for goods.

2. (a) Match the items from list A with those in list B.

(b) Fill the missing gaps below:

(i)                 Finding out the value of stock held_______

(ii)               Quantity of a certain supply that should always be in stock so as to safeguard sales against un for seen delays__________

(iii)            Rate of stock turnover is also called_____

(iv)             Proper keeping of received consignment is__________

(v)               Level of stock at which the placing of a new order must be done__________

SECTION B:

3. Explain the following terms.

(i)                 Mark – up

(ii)               Margin

(iii)            Cost of goods

(iv)             Average stock period

(v)               Minimum stock.

4. (a) (i) What is stock control

         (ii) Explain importance of stock control

   (b) Describe the following stock administration terms

(i)                 Receiving stock

(ii)               Placing of items

(iii)            Issuing of stock

(iv)             Caring for stock

5. Explain the significance of the following ratios

(i)                 Average stock

(ii)               Rate of stock turn over

(iii)            Mark up

(iv)             Margin

(v)               Order point

SECTION C:

6. (a) Furaha enterprise had the following at the end of the year.

  Stock    Tsh. 600,000

  Purchase   Tsh.   3,000,000

 Their mark up was 50% on cost of goods sold, and average stock during the year was  1,200,000/=

Required:

1.                 Calculate his gross profit
2.                Find the margin
3.                 Find his sales figure

   (b) Fill the table below.

7. The following particulars were obtained from the books of sugar coats year ended 31.12.2018.

   Total expenses = Tsh. 7,000

   Stock 31.12.2018 Tsh. 80,000

   Rate of stock turn over 5 times

   Margin   25%

   Stock on 31.12.2017  40,000

 Required:

Calculate:

1. Purchase
2. Sales
3. Net profit
4. Gross profit
5. Net profit as percentage of cost of sales.

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