LEARNING HUB TANZANIA
FORM FOUR MODEL EXAMINATIONS
TIME 3:00 HRS COMMERCE
NAME: ………………………………………………….. STREAM ……………………………
Instructions
SECTION A:
i) Authority means:
ii) When a country decide to produce a commodity with will bring the greatest relative advantage, it is following the principle or
C. Absolute advantage D. Economic advantage
iii) What type of business organization is best described by the following member may not exceed 20, one members action may bind the others, liability is normal unlimited, all members have access to the accounts:
iv) Specialized short normal sales:
C. Gift goods D. Varieties of goods
v) Find odd man out:
vi) What name is given to a number of shoes under one roof and one management:
vii) These ships follow regular time table, call at port at regular interval and follow a regular route, even if they have to sail without enough cargo. These ships are know as: A. Liners B. Tramps C. Tranters D. Normal ships
viii) An indent is:
D. An order for goods used in international Trade
ix) A business from used when the seller requests payment in advance or goods are sent on approval or on consignment is know as:
x) The goods whose demand decreases with the rise in consumer`s income and increases with the fall income is termed as:
D. Complementary goods
GROUP A
GROUP B
i) An instruction by a customer that the bank should pay certain regular commitments from his account.
ii) Is the state of the business or person beingunable to meet the claims of its creditors
iii) It does not aim at benefiting a person, its object is to compensate a person for what he has lost. Such compensation will leave the person to the position he was before loss.
iv) Any money due by a Government to its people
v) This refers to collection of statistics data from various source that map be used publication in reports or of providing a basis for future policies
SECTION B: 50 Marks
Calculate
i) Taxable income
ii) Total tax paid
iii) The average rate tax
(a) What is the meaning and indication of the above diagram
(b) Given reasons (causes) factors (10 marks)
(a) Direct production
(b) Management
(c) Bonded warehouse
(d) Sole proprietor
(e) Generic Advertising (10 marks)
(a) C W O and C O D
(b) Peddlers and hawkers
(c) Quasi partner and dormant partner
(d) Share and debenture
(e) Inflation and deflation (10 marks)
(c) Differentiate between bill of exchange and Promissory Notes. ( 10 marks)
SECTION C:
Answer two (2) questions from this section
(i) Ate of turnover
(ii) Cost profit
(iii) Gross profit
(iv) Net profit if expenses is 10% of cost of goods sold
(v) Purchases
(b) What are the principles of Insurance
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LEARNINGHUBTZ.CO.TZFORM FOUR COMMERCE MODAL SERIES 3