GCE Ordinary Level Commerce Paper 2 June 2023

Q1). (a) Distinguish between an incorporated and an Unincorporated business using suitable examples (8 marks)

(b) Explain FOUR advantages of a sole trader as a form of business (6 marks)

(c) Outline any SIX features of cooperative societies (6 marks).

Q2. (a) Define the following terms; (6marks)

 (i) Enterprise,

 (ii) Entrepreneur,

(b) Outline any two functions of the following departments of enterprises; (6 marks)

((i) Production,

(ii) Marketing

(c) Explain any FOUR services of warehousing to commerce and industry (8 marks)

Q3. (a) Briefly explain the following types of business documents; (6 marks)

(i) Catalogue

(ii) Invoice

(iii) Credit note

(b) State and explained any FOUR services of a wholesaler to the retailer (8 marks)

(c) Explain FOUR advantages of shopping in a department store. (6 marks)

Q4. (a) The information below is extracted from the trading, profits, and loss accounts of a business at the end of a trading period.

Particulars	Amount (CFA)
Opening inventory	20,000
Closing inventory	10,000
purchase	40,000
Sales	80,000
Working expenses	12,000

You are required to calculate;

(i) Gross profit (2marks)

(ii) Net profit (2marks)

(iii) Rate of turnover (2marks)

(iv) Net profits as a percentage of sales (2marks)

(b) Name and briefly explain any FOUR methods of advertising goods (8 marks)

(c) Outline any FOUR reasons why consumers need to be protected (4 marks)

Q5. (a) Explain any FOUR functions of the central bank in an economy (6 marks)

(b) What is the difference between a current account and a deposit account? (8 marks)

(c) Explain the role of insurance in an economy (6 marks)

Q6. (a) State and briefly explain FOUR factors that have led to the growth of foreign trade (8 marks)

(b) State the advantages of sea transport over air transport (8 marks)

(c). Outline the importance of containerization as a mode of transport. (4 marks)

 

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