Nothing Special   »   [go: up one dir, main page]

Commerce 11

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

MINISTRY OF GENERAL EDUCATION

DASIMO PRIMARY & SECONDARY SCHOOL


MID-TERM TEST
THURSDAY, 20th JUNE 2024
COMMERCE 11

Marks: 30

Duration: 45 minutes

NAME:

INSTRUCTIONS:
1. There is one section (A) in this question paper:
a) Write your answer(s) in the spaces provided.
2. Answer ALL questions.
3. You are not allowed to use cell phones and calculators in this examination.
4. You are not allowed to use any foreign material in this examination.

5. You are not allowed to ask or share answers in this examination.

Good luck!

Mr. Banda P. R. – Business and Business Accounting - 2024


1. What name is given to goods sold below cost prices in orders to increase working capital
or make high sales in a business? …. … … … … …. .….. … ……………... ….. ….. … … .. [ 1 mark ]
2. Use the word list below to complete the statement that follow:

Word list: Land. Indirect production. Manufacturer. Enterprise. Production

(a) ………………….……………..… is the production of goods and services for exchange.


(b) ………………...…….……..…… has the ability to organise and combine factors of production.
(c) …………………….….…..….….. is the process of creating goods and services to satisfy man’s
wants and needs. [ 3 marks ]
3. What do you understand by the term after-sale services?..................................................
…………………………………………………..………………………………………………………………….. [ 2 marks ]
4. What do you call a large retail shop whose location is on the outskirts of town but close
to main roads?...................................................................................................... [ 1 mark ]
5. Name the type of retail shop that uses a motor van or mini bus when selling goods to
consumers………………............................................................................................ [ 1 mark ]
6. Name any item that is used as a shop window for mail order businesses.
.............................................................................................................................. [ 1 mark ]
7. In what type of shopping area( town centers or outskirts of town centers) would you be
most likely to find a shop:
a) Selling experience clothing for men? ....................................................... [ 1 mark ]
b) Selling one type of goods? …………………………………………..………………………. [ 1 mark ]
8. What is standardized policy making? ..................................................................................
............................................................................................................................ [ 2 marks ]
9. What could be the main difference between a mail order business and other types of
retailers?..............................................................................................................................
............................................................................................................................ [ 2 marks ]
10. Mention any TWO reasons for locating discount shops out of town centers.
..............................................................................................................................................
.............................................................................................................................. [ 1 mark ]
..............................................................................................................................................

Mr. Banda P. R. – Business and Business Accounting - 2024


.............................................................................................................................. [ 1 mark ]
11. If a business is to be successful, what TWO factors must be considered before opening
the business?
..............................................................................................................................................
............................................................................................................................... [1 mark ]
..............................................................................................................................................
............................................................................................................................... [1 mark ]
12. a) What is the main difference between a mobile shop and a hawker?
..............................................................................................................................................
............................................................................................................................ [ 2 marks ]
b) Mention any TWO disadvantages of a mobile shop.
..............................................................................................................................................
............................................................................................................................... [1 mark ]
..............................................................................................................................................
............................................................................................................................... [1 mark ]
13. The two types of partnership are …………………..………………………….and limited partnership.
14. Members if a partnership are called………………………………………………………………. [ 2 marks ]
15. Mention any business document required for the formation of a partnership.
............................................................................................................................... [1 mark ]
16. Outline any TWO features of a private limited company.
..............................................................................................................................................
............................................................................................................................... [1 mark ]
..............................................................................................................................................
............................................................................................................................... [1 mark ]
17. What you call members who own shares in a company?.................................... [ 1 mark ]
18. What happens to the existence of a private limited company after the death of an
important members?.........................................................................................................…
............................................................................................................................... [1 mark ]

Mr. Banda P. R. – Business and Business Accounting - 2024

You might also like