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ZIMSEC O Level · 4049/01 · J2024

Commerce Paper 1 June 2024

Questions
39 of 40
Time allowed
75 min
Syllabus code
4049/01

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Questions
39
Pass mark
24
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Answer every question in the printed order, get marked at the end, then see the answers.

The questions

Question 1

Business units
A diagram of business units in the private sector branches into sole proprietor, partnership, private limited companies and X. What does X represent?
  1. Aparastatals
  2. Bpublic corporations
  3. Cpublic limited companies
  4. Dutility companies

Question 2

Marketing
An example of Psychographic segmentation is
  1. Aage.
  2. Bculture.
  3. Cgender.
  4. Dlifestyle.

Question 3

Marketing
Which method of promotion makes use of mail order catalogue?
  1. Acelebrity endorsements
  2. Bdirect marketing
  3. Cpersonal selling
  4. Dpublic relations

Question 4

Warehousing
Goods in entrepot trade are kept in a
  1. Abonded warehouse.
  2. Bproducer warehouse.
  3. Cretailer warehouse.
  4. Dwholesaler warehouse.

Question 5

Warehousing
A special commodity warehouse for keeping fuel is a
  1. Acalabash.
  2. Bcellar.
  3. Csilo.
  4. Dtank.

Question 6

Transport
Which facility is provided by airport authorities?
  1. Adredging
  2. Bdry docks
  3. Changars
  4. Dquays

Question 7

Insurance
The role of underwriters in insurance is
  1. Aassessing the data to predict future trends.
  2. Bcollecting statistical information.
  3. Cdeciding whether risks should be shared.
  4. Dpreparing reports for management.

Question 8

Insurance
Which one is taken together with fire insurance?
  1. AConsequential loss
  2. BHull insurance
  3. CFreight insurance
  4. DPublic liability

Question 9

Business finance
Gross profit refers to
  1. Acurrent assets minus current liabilities.
  2. Bnet sales minus cost of goods sold.
  3. Cthe amount of capital used for the day to day running of a business.
  4. Dthe circulating capital.

Question 10

Money and banking
Which characteristic of money is the same as recognisable?
  1. ADurable
  2. BIdentifiable
  3. CScarce
  4. DUniform

Question 12

Management
Which statement describes controlling as a management function?
  1. Agiving workers instructions on what to do
  2. Bmaking sure there are sufficient raw materials
  3. Cputting together departments in an organisation
  4. Dverifying whether activities are done according to a plan

Question 13

Business units
Which document is issued by the Registrar of Companies when a company is registered?
  1. AArticles of Association
  2. BCertificate of Incorporation
  3. CMemorandum of Association
  4. DProspectus

Question 14

Business units
Which is a feature of Small to Medium Enterprises (SMEs)?
  1. AThey aim at mass marketing.
  2. BThey appoint a board of directors.
  3. CThey invest personal assets into the business.
  4. DThey have limited liability.

Question 15

Consumer protection
Who monitors International Standards of products performance?
  1. Athe Advertising Media Association (ADMA)
  2. Bthe Citizens Advice Bureau (CAB)
  3. Cthe Consumer Council of Zimbabwe (CCZ)
  4. Dthe Standards Association of Zimbabwe (SAZ)

Question 16

Markets
Which product is sold at a wholesale produce market?
  1. Aeggs
  2. Bcars
  3. Cfurniture
  4. Dstationery

Question 17

Trade documents
Traders give trade discount to their customers to
  1. Aencourage customers to buy from the same supplier.
  2. Bencourage customers to pay promptly.
  3. Cimprove cash flow of a firm.
  4. Dreduce risk of bad debts.

Question 18

International trade
Balance of payments is
  1. Ainvisible imports less invisible exports.
  2. Btotal exports less total imports.
  3. Ctotal imports less visible exports.
  4. Dvisible imports less visible exports.

Question 19

Business finance
A cooling off period is a feature of
  1. Adeferred payments.
  2. Bhire purchase.
  3. Cinformal credit.
  4. Drevolving credit.

Question 20

Business finance
The role of Finance Houses in Hire purchase transactions is to
  1. Apay a deposit for goods bought on credit.
  2. Bprovide capital to traders.
  3. Crepossess goods if the buyer defaults.
  4. Dsue the buyer if payments are not met.

Question 21

Production
Which resource is regarded as cultural heritage?
  1. Acapital
  2. Benterprise
  3. Clabour
  4. Dland

Question 22

Business environment
The transfer of resources from foreign to local ownership is
  1. Acommercialisation.
  2. Bindigenisation.
  3. Cnationalisation.
  4. Dprivatisation.

Question 23

Marketing
A marketing concept in which customers' needs are considered before developing the product is
  1. Amarket concept.
  2. Bproduct concept.
  3. Cproduction concept.
  4. Dselling concept.

Question 24

Transport
The use of Global Positioning Remote Sensing (GPRS) is
  1. Ae-ticketing.
  2. Be-tolling.
  3. Cfleet management.
  4. Dincreasing speed.

Question 25

Communication
The following are advantages of facsimile transmission except that
  1. Adialogue and teleconferencing are possible.
  2. Bexact images can be sent instantly.
  3. Cinformation can be sent at anytime.
  4. Dseveral copies can be sent at any given time.

Question 26

International trade
Which risk is covered by Export Credit Guarantee Corporation (ECGC)?
  1. Aexchange rate fluctuations
  2. Binsolvency of the exporter
  3. Closses due to civil disturbances
  4. Dmarine insurance risks

Question 27

Money and banking
The formulation of national financial policy is done by a
  1. Acentral bank.
  2. Bcommercial bank.
  3. Cmerchant bank.
  4. Dsavings bank.

Question 28

Entrepreneurship
The following are contents of a business plan except
  1. Aan executive summary.
  2. Ba financial plan.
  3. Can industrial design.
  4. Da market analysis.

Question 29

Trade documents
The diagram shows a document used in trade. It is headed 'Bill to' with the buyer and seller addresses, a date and order number, then columns for product code, description, quantity, unit price and amount, and it ends with a sub total, tax, total and the letters E and OE. The document shown is
  1. Aa delivery note.
  2. Ban invoice.
  3. Can order.
  4. Da receipt.

Question 30

Production
The following are features of direct production except that
  1. Acomplex machinery is used to produce goods.
  2. Bfewer goods are produced.
  3. Cgoods are produced to own taste.
  4. Dgoods produced are of poor quality.

Question 31

Money and banking
Which statement applies to a bank loan and not to an overdraft?
  1. Aan expensive way of borrowing money
  2. Ban informal way of borrowing money
  3. Cused to raise capital for projects
  4. Dused to raise working capital

Question 32

Trade documents
Which set contains documents of carriage only?
  1. Aadvice note, credit note, bill of lading
  2. Bairway bill, consignment note, indent
  3. Cconsignment note, delivery note, bill of lading
  4. Ddelivery note, debit note, airway bill

Question 33

Business ethics
Which is an importance of business ethics?
  1. Abusiness gives more than required annual leave
  2. Bbusiness image is distorted by employees behaviour
  3. Ccustomers enjoy conducting business with the organisation
  4. Dincreased employee turnover

Question 34

Business units
Which feature distinguishes a public limited company from a private limited company?
  1. Agoverned by the Companies Act
  2. Blegal entity
  3. Climited liability
  4. Dsale of debentures

Question 35

Wholesale trade
Which statements differentiate the general wholesaler from a cash and carry wholesaler?
  1. Athe cash and carry allows retailers to buy goods on credit while the general wholesaler sells goods on a cash basis
  2. Bthe cash and carry has elaborate shop displays while the general wholesaler operates from warehouses in industrial areas
  3. Cthe cash and carry provides delivery while the general wholesaler does not provide delivery
  4. Dthe cash and carry sells in bulk while the general wholesaler sells both in bulk and small quantities

Question 36

International trade
The diagram shows total exports and total imports for a country from 2000 to 2010 in millions of dollars. Imports begin at 600 and fall steadily to about 300, while exports begin at 200 and rise to about 650. In which year were total exports equal to total imports?
  1. A2002
  2. B2003
  3. C2004
  4. D2006

Question 37

International trade
The diagram shows total exports and total imports for a country from 2000 to 2010 in millions of dollars. Imports begin at 600 and fall steadily to about 300, while exports begin at 200 and rise to about 650. What was the balance of payments in 2006?
  1. A$100 million
  2. B$200 million
  3. C$300 million
  4. D$400 million

Question 38

Business environment
Which is a positive effect of inflation in the economy?
  1. Abusiness gain greater profits
  2. Bdecrease in purchasing power
  3. Chigher wage expenses
  4. Dlower levels of savings

Question 39

Transport
The positive impact of containerisation is that they
  1. Aare expensive to buy.
  2. Bcan be traced if lost.
  3. Ccreate congestion at terminals.
  4. Drequire special equipment to load and offload.

Question 40

Business environment
Which is a negative effect of multinational corporations to the host country?
  1. AThey decrease tax revenue for the government.
  2. BThey increase competition resulting in low prices of goods.
  3. CThey increase employment to the host country.
  4. DThey may transfer in obsolete technology.

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