BWIERA Forename(s) Centre Number Candidate Number ZIMBABWE SCHOOL EXAMINATIONS COUNCIL General Certificate of Education Ordinary Level COMMERCE 7103/2 PAPER 2 NOVEMBER 2014 SESSION 2 hours Additional materials: ‘Answer booklet Allow candidates 5 minutes to count pages before the examination. Time 2 hours INSTRUCTIONS TO CANDIDATES Write your name, Centre Number and Candidate Number in the spaces at the top of this page and your Centre Number and Candidate Number on the top right corner of every page of this, paper. Check if the booklet has all the pages and ask the invigilator for a replacement if there are duplicate or missing pages. Shape all your letters very clearly. Answer any four questions in the spaces provided. Write your answers in the spaces provided on the question paper using black or blue pens. INFORMATION FOR CANDIDATES ‘The number of marks is given in brackets [ ] at the end of each question or part question. , This question paper consists of 26 printed pages. Copyright: Zimbabwe School Examinations Council, N2014. ezmsecnz014 [Turn over1 (@)_Explain any two factors of production. (6) (b) How is a manufacturer of tractors assisted by the services of : warehousing? Explain three points. (6 ‘Tos. N2014Centre Number__Candidate’s Number 3 (©) _ Distinguish between direct and indirect production. 8] ‘ros N20Centre Number_ Candidate’s Number_ ] 2 2 (a) ~~ What are the features of discount houses? Explain any three. [6] () Explain six functions of del-credere agents. uosr.N2014Centre Number. (©) Give four comparisons between a credit note and a debit note. [8] ‘rosa N2014@ Centre Number 6 State six reasons for creating public enterprises (parastatals). iT ‘roar Nao18 [6]@) Contre Number___Candidate’s Number ti In relation to stock exchange, explain the terms bulls, bears, stags. {6 TiesnNz014 (Turn over3 © _ The following figures appeared in the books of Mrs Sibanda for the year ending 31 December 2012. Capital $4.00 Prepayments $1,000 Arrears $ 200 Cash $2550 Premises $4000 Bank overdraft _ $ 800 Debtors "$1450 Machinery $2,000 Long term liabilities $6000 Calculate, showing all working, fixed capital, circulating capital, working capital, gross capital employed. a ee ee ‘ose Nao1sCentre Number Candidate’s Number, [8] ‘nos. Na018 [Turn over@ () Centre Number Candidate’s Number Li. l(a 10 Who are export merchants? Explain three methods used to rectify a balance of payment deficit. ‘Tosa N2014 (6)iL 4 ©) _ Why does the Zimbabwe Revenue Authority (ZIMRA) keep statistical records of imports and exports? (8] “Tos Na018 [Turn overNumber Candidate's Number a a 13 5 (b)_Inrelation to commercial banks, describe the importance of a cable transfer. i) ‘roarn N2014 [Turn over14 On 2 February 2006, Mrs Jones who banks with FBC Bank, Mutare, bought goods valued at $2,000 from ABC Wholesalers and settled the debt using a specially crossed cheque. ‘Sketch the cheque showing all the details. ‘ros Na2018Centre Number_ Candidate’s Number. 15 6 (@) What are insurable risks? (5) ‘roa Naote [Turn overCentre Number Candidates Number 17 © A factory valued $8 000 was insured for $10 000 against the risk of fire. State, with reasons, how much the owner will receive if the factory is damaged by fire. [5]Number Candidate's Number _ 18 State any six importance of internet to a business. ‘Tues Na014Centre Number Candidate’s Number 19 (b) Explain the advantages of using a telephone in communication. ‘ros Nae {Turn overeo ae Candidate’s Number_ 20 (© Differentiate free post and business reply service. ‘Tose Nao1s_Centre Number Candidate’s Number_ 21 se 8 (@)__ Describe any three importance of transport to a primary producer of ore. (6) ‘nose Nz014 [Turn over22 (b) _ Giving reasons, state the most suitable mode of transport to carry oil from Beira to Mutare. niosnzo14© fe Number Candidate’s Number, 23 How do you account for the fact that most freight carried within Zimbabwe is by road? Tose N2014 iia a [Turn over(a) State six benefits of advertising to a business. ‘nose N2014Centre Number Candidate’s Number 25 9 () _Explain any three methods of appeal used in advertising. [6] ‘rosa Na014 [Turn over‘Why might a company find it necessary to use the services of an advertising agency? [8] ‘Tos N2014