COMMERCE FORM FOUR PRE-KIPSSA EXAMINATION

SECTION B (54 MARKS)
Answer all questions in this section.

3. Write down the differences of the following terminologies:
(a) Warehouse and warehousing
(b) Private warehouse and public warehouse
(c) Stock control and stock valuation
(d) Minimum stock level and maximum stock level
(e) Mark up and margin

4. (a)Mr Marengo is a farmer who lives in Dodoma. He produces maize, rice, and vegetables for commercial purposes. As an expert in commercial activities, describe three (3) merits of the production carried out by Mr Marengo.
(b) Briefly explain three factors contributing to the growth of commercial activities.

5. A business plans to introduce a new water bottle in Tanzania. Explain six factors to consider when fixing its price.

6. Different types of money have been used in different periods. Explain six types of money that have been used.

7. The introduction of money significantly eliminated the shortcomings experienced during the barter trade system. With the help of examples, explain how the introduction of money significantly solved the difficulties related to the barter trade system.

8. (a). Entrepreneurship plays an important role in the economy of a country. Justify this statement using six points.
(b). It is the responsibility of the government to protect its local industries against the foreign industries' competition. Explain the measures that are normally used. Six points

SECTION C (30 MARKS)
Choose only two questions from this section.

9. “Insurance is necessary for business growth and stability.” Discuss this statement.

10. Effective and efficient business communication occurs when employees, management, customers,and other business stakeholders interact with each other to attain business goals. In six (6) points, explain how business communication is supportive of business firms.

11. During the ministerial conference of the Southern African Development Community held in Harare, Zimbabwe, the Minister of Finance of Zambia commented that the Tanzanian tax system is a good. In your context, what are the characteristics that make this tax system to be termed a good tax system