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Form 3 Commerce Paper 1

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33 views

Form 3 Commerce Paper 1

Uploaded by

thunderstormsifanjani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HIGHGATE COLLEGE

General Certificate of Education (FORM 3)


Commerce paper 1
END OF YEAR 2024 PAPER 1
Additional materials:
Answer paper
TIME: 1hr 15min
Answer all questions.
1 In which sector of production is commerce found?
A industry
B primary
C secondary
D tertiary
2 In which sector of production are teachers classified?
A commercial services
B direct services
C extractive industry
D non-productive services
3 Which of the following is a human want?
A housing
B bread
C television
D shelter
4 In which stage of production is more value added to goods?
A direct production
B primary production
C secondary production
D subsistence production
5 Which is the correct order in the production process?
A commercial → secondary → primary
B commercial → primary → secondary
C primary → secondary → commercial
D primary → commercial → secondary
6 Which is not an advantage of specialisation?
A craftsmanship is developed
B more goods are produced
C prices of goods are reduced
D quality of goods is improved
7 Which is a producer good?
A car
B tractor
C television
D umbrella
8 The reward for enterprise is
A wages.
B rent.
C profit.
D interest.
9 What is the name of an agent who buys and sells goods on a commission basis
for
another person?
A a factor
B a manufacturer
C a retailer
D an underwriter
10 What happens when a business organization becomes a public limited
company?
A It becomes part of the public sector of business.
B It changes to a government agency.
C It expands into a partnership.
D It offers shares for sale to the general public.
11 What is a person who owns a small business and works for himself called?
A employee
B manufacturer
C shareholder
D sole trader
12 The diagram shows some trading organizations.
X

Sole traders Partnership Companies

Private
Public
Companies
Companies
What does X represent?
A government
B private enterprise
C public corporation
D public enterprise
13 Which is a function of the Consumer Council of Zimbabwe (CCZ)?
A advise consumers of best buys
B establish consumer shops
C fix prices of goods
D test goods for quality
14 Trade Measures Act deals with
A prices of goods.
B quality of goods.
C value of goods.
D weight of goods.
15 What would a multinational consider to be the main reason for locating a
branch in a developing country?
A to create jobs in that country
B to improve the company’s image
C to increase the country’s workforce skills
D to make use of cheap labour
16 Which is not true of Private Limited Companies and Public Limited
Companies?
A both are financed by shareholders
B both have a minimum of two shareholders
C both have limited liability
D both sell shares at the stock exchange
17 Which is not a characteristic of an entrepreneur?
A self confidence
B self discipline
C self minded
D self starter
18 A document used when goods are transported by sea is a bill of
A carriage.
B entry.
C exchange.
D lading.
19 Which is a function of the Standards of Zimbabwe (SAZ)?
A advise consumers of best buys
B establish consumer shops
C fix prices of goods
D test goods for quality
20 Which type of business unit has a maximum of 20 members?
A partnership
B public company
C public corporation
D private limited company
21 Which is not a challenge faced by Small and Medium Enterprises?
A serving niche markets
B legal requirements
C lack of capital (for expansion)
D adapting to environmental changes
22 Which item is legal tender?
A bank draft
B bank notes
C cheque
D credit card
23 What is the function of the Reserve Bank of Zimbabwe?
A giving financial advice to traders
B issuing shares to the public
C providing a clearing house to bankers
D running individual bank accounts for the public
24 Which policy falls under assurance?
A consequential loss policy
B endowment policy
C mortgage guarantee policy
D pluvious policy
25 Which policy covers customers injured within the shop?
A comprehensive
B employers liability
C fidelity guarantee
D public liability
26 Which insurance principle states that the insured must not make a profit?
A average clause
B indemnity
C insurable interest
D utmost good faith
27 Which mode of communication can a trader use to encourage customers to
respond to a survey?
A business reply service
B express mail service
C free post
D poste restante
28 Which telecommunication sends exact copies of diagram?
A data post
B facsimile
C radio paging
D telex
29 Which service enables people in different locations to speak face to face?
A confravision
B datel
C franking
D prestel
30 Which mode of communication is considered as formal?
A e-mail
B facebook
C skype
D whatsapp
31 Freightliners are
A cargo ships operating on regular routes.
B high speed, long distance cargo trains.
C inter-continental cargo aeroplanes.
D tankers carrying large amounts of oil.
32 Why has the volume of cargo carried by air increased?
A economic use of fuel
B low maintenance charges
C no transhipment of cargo
D speedy movement of goods
33 In containerisation, the term “groupage” means
A storing containers in one warehouse.
B transporting a number of containers in one ship.
C transporting consignments to different destinations.
D using one container for a number of consignments.
34 Which is not allowed in a bonded warehouse?
A branding goods
B exporting goods
C manufacturing goods
D selling goods
35 Where does a communal farmer store grain?
A granery
B grain silo
C metal container
D storeroom
36 Which product is suitable for a niche market?
A blankets
B bread
C chocolates
D clothes
37 Which medium can a school use to advertise broilers?
A poster
B television
C radio
D magazine
38 Marketing a product to benefit a few customers is
A mass marketing
B niche marketing
C market segmentation
D market research
39. The process of dividing a market into groups is
A market research
B market segmentation
C mass marketing
D niche marketing
40. What is marketing mix?
A all activities used to sell a product
B brand name distinguishing products
C selling a variety of products
D set of questions for market research

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