Grade 12 Commerce Term 1 - 2021

MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MOPANI COPPER MINES PLC
MCM NKANA SECONDARY SCHOOL
END OF TERM (1) EXAMINATIONS (GRADE 12) -2021
Commerce 7100/1
Additional Material(s)
Answer Booklet
DURATION: 2 Hours Marks: 100
Instructions to Candidates
1. Write centre number and your examination number in the spaces provided on every page of
the inserted Answer Booklet and the separate Answer Booklet provided.
2. There are three Sections in this paper, Sections A, B and C.
3. Answer s for this examination must be written in two separate Answer Booklets.
Answer Section A and B in the inserted Answer Booklet and Section C in the separate Answer
Booklet provided.
4. Section A: Four suggested answers are given A, B, C and D. Choose the best one and show it on
the Answer Grid provided in the Answer Booklet by marking it with a cross (X).
For example if the answer is D
A B C D
5. Section B has ten questions. Write all your answers in the inserted Answer Booklet provided.
6. Section C has five questions. Answer any two questions on a separate Answer Booklet provided.
7. Attach the Answer booklets for Sections A, B and C.
Information for Candidates

1. Non-programmable Calculators may be used.
2. Cell phones are not allowed in the examination room.
Page 1 of 6
©MCM/NSS/2021 This Question paper consists of 6 printed pages
SECTION A
Answer ALL the questions in this section in the answer booklet by putting a cross (X) on the letter you
have chosen as your answer.
1. What is meant by indirect production?

A. Provision of labor and capital
B. Provision of services by lawyers, nurses.
C. Production of goods for sale
D. Production of goods for own use
2. …………………….is one of the careers prospects of a student for commerce.

A. Farmer
B. Drawer
C. Banker
D. Nurse
3. Not everyone has the …………………to enter completely into a contract because of certain
requirements.
A. Opportunity
B. Knowledge
C. Legal capacity
D. Consent
4. What we call a document which starts the accounting process?

A. A cheque
B. A credit note
C. An Invoice
D. An Inquiry
5. Why would a country impose a tariff in foreign trade?

A. To encourage importation of harmful goods
B. To collect duty
C. To control bonded warehouses
D. To protect local industries
6. A …………………….. is a type of business unit which starts operating only after a certificate of
incorporation is issued.
A. Private limited company
B. Partnership
C. Public corporation
D. Public limited company
Page 2 of 6
7. …………………….. may be defined as a unit of investment in a company.
A. Founder
B. Share
C. Capital
D. Money
8. ……………………. is a highly organized market where shares and securities are bought and
sold.
A. Securities and exchange commission
B. Stock exchange control
C. Mall
D. Stock exchange
9. What do we call the ships which carry large quantities of one product?
A. Tankers
B. Roll on – roll off ferries
C. Bulk couriers
D. Container ships
10. The document used when goods are sent by sea is known as ………………
A. Indent
B. Our way bill
C. Charter party
D. Bill of lading
11. Which type of warehouse is found in airports?

A. Bonded
B. Public
C. Retailers
D. Wholesale
12. A bank facility used when making payments that vary in amounts from time to time is known as
…………………….
A. Credit transfer
B. Standing order
C. Direct debiting
D. Bank loan
Page 3 of 6
13. What do we call the financial institution that offers banking and financial services especially
saving and mortgage lending?
A. Central bank
B. Zambia National Commercial Bank
C. Bureau de change
D. National Building Societies
14. Which one of the following is not an example of non-banking institutions?

A. Micro-finance
B. Commercial banks
C. Clearing houses
D. Insurance companies
15. Which internet facility enables access to a wide range of information

A. Air mail
B. Registered mail
C. Poste restante
D. E-mail
16. ………………….. is a global network of computers which allows users access to wide range
information
A. Internet
B. Radio paging
C. Mobile banking
D. Confravision
17. …………………… is the advertising of a particular manufacturers product in order to promote

that particular product or brand
A. Promotion
B. Competitive advertising
C. Informative advertising
D. Collective advertising
18. The type of advertising that seeks to merely inform the public about matters of national interest
such as voter verification and cholera is called ……………
A. Competitive
B. Collective
C. Informative
D. Trade fair
Page 4 of 6
19. Which one of the following advertising media will be most suitable to advertise ‘‘a new washing
powder?’’
A. Radio
B. Newspaper
C. Magazine
D. Television
20. Which of the reasons below is not an advantage of advertising on the radio?
A. It is cheaper than television
B. The advertisement is in color
C. Radios are cheap to buy
D. It gives wide coverage [20]
SECTION: B [40]
Answer all questions in this section on the spaces provided in the inserted booklet.
The number of marks is given at the end of each question or part of the question.
1. Mention any three types that satisfy human needs.

2. a. For each of the following statements below, state whether they are true or false.
i) Buying and selling of goods and services is called retailing
ii) Elements of a valid contract are offerer, payee, and witness
iii) Retail trade is divided into small scale and large scale [3]
b. Kabwe Chimanga 20 bags of salt at K300 per bag, he was given 5% trade discount and on
paying promptly, received a cash discount of 2% calculate how much he paid.
[3]
3. Using the phrases/words below answer the questions below.

Customs duty, embargo, excise duty, export trade, import trade, bill of lading charter party,
certificate of origin.
i) The name given to the re-export of goods …………………………….
ii) The selling of goods and services to someone outside the country is known as
……………………….
iii) …………………is imposed by government in locally produced goods such as
tobacco
iv) ………………………is a contract for the hire of the ship or part of a ship
v) A total ban on trade imposed on a particular country is ……………………….
[5]
4. Explain the phrase partnership [3]
5. State five characteristics of public corporation [5]
6. State any four players on the stock exchange [4]
Page 5 of 6
7. Mention any three factors that affect the share price of a company [3]
8. The following describes vessels that are used in sea transport. Name the vessel that fits the
description.
i) Ships specifically designed to allow vehicles to drive on and off the ship once it
reaches its destination
ii) Can go to any place any time as long as there is business
iii) Follow a fixed route and fixed time table [3]
9. Lushomo is a fruit and vegetable farmer in Mkushi. Explain briefly why he would use road
transport for distribution of his produce.
10. State the factors which will influence the choice of media [5]
SECTION: C
There are four questions in this section.
Answer only two questions from this section.
1. Outline the possible solutions to the effects of environmental degradation
[20]
2. a. Explain the importance of transport to a trader [5]

b. i. What are the uses of advertising other than to promote sales? [5]
ii. Agricultural show are proving to be a popular mode of advertising discuss
[5]
iii. Explain collective (Generic) advertising in connection to producer of goods
[5]
[Total: 20]
3. a. Describe the characteristics of a small scale retailer. [10]
b. What are trade barriers [10]
[Total: 20]
4. a. State two types of cheques [2]
b. Explain the features of the following types of accounts
i. Savings account [6]
ii. Save as you earn account [6]
iii. Investment account [6]
[Total: 20]
Page 6 of 6

Grade 12 Commerce Term 1 - 2021

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Grade 12 Commerce Term 1 - 2021

Uploaded by

Copyright:

Available Formats

MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS

DURATION: 2 Hours Marks: 100

Information for Candidates

1. What is meant by indirect production?

2. …………………….is one of the careers prospects of a student for commerce.

4. What we call a document which starts the accounting process?

5. Why would a country impose a tariff in foreign trade?

11. Which type of warehouse is found in airports?

14. Which one of the following is not an example of non-banking institutions?

15. Which internet facility enables access to a wide range of information

17. …………………… is the advertising of a particular manufacturers product in order to promote

1. Mention any three types that satisfy human needs.

3. Using the phrases/words below answer the questions below.

2. a. Explain the importance of transport to a trader [5]

You might also like