MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS

MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MOPANI COPPER MINES PLC
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCM NKANA SECONDARY SCHOOL
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
END OF YEAR EXAMINATIONS (GRADE 11) -2021
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
Commerce 7100/1
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS

Duration: 2 Hours

Instructions to Candidates

1. There are three (3) sections in this paper, that is A, B and C.

2. All answers for this examination must be written in the answer sheets provided

Page 1 of 13
SECTION A

Answer all questions in this section by putting a cross (X) in the letter you have chosen as
your answer.

1. ……….. is trade and aids to trade.

A. Industry
B. Business
C. Commerce
D. Commercial Services

2. Good that are produced and regarded as durable, expensive and attrctive are called …….
A. Fake
B. Original
C. Standard
D. Counterfeit

3. Not everyone has the ………. To enter completely into a contract because of certain
requirements.
A. Offer
B. Chance
C. Legal capacity
D. Consideration

4. Which of the following contracts would not legally binding

A. Contract to build a school
B. Contract to paint a building
C. Contract to sell a van
D. Contract with a minor

5. Which one of the factors working against the small scale retailer is that they……….
A. Lack of capital to expand the business
B. Offer personal service and advice to customers
C. Are located near customer homes
D. Convenient opening hours

6. In partnership a partner may………….

A. Be dormant
B. Buy shares
C. Earn a dividend
D. Purchase preference shares

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7. One of the following is not middleman in international trade
A. Under writer
B. Forwarding agents
C. Factor
D. Broker

8. The following are traded at the stock exchange except

A. Bonds
B. Shares
C. Treasury
D. Stocks

9. For a company’s shares to be traded on a stock exchange, they must be…….

A. Listed on the stock exchange
B. Genuine
C. A public limited company
D. Founder’s shares

10. The stock exchange is governed by the ……

A. City council
B. Stock exchange council
C. Stock exchange brokers
D. Stock jobbers

11. Which of the following is a method of buying and selling on credit

A. Bank overdraft
B. Bank loan
C. Deferred payment
D. Silc

12. Which of the following is not one of the organization that seek to protect consumers
against counterfeit and substandard products
A. Lusaka Stock Exchange (LUSE)
B. Zambia Consumer Association (ZACA)
C. Zambia Bureau of Standards (ZABS)
D. Competition and Consumer Protection Commission (CCPC)

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13. Why would a country impose tariff in foreign trade? To………
A. Encourage importation of beers and wines
B. Control bonded warehouses
C. Collect excise duty
D. Protect local industries

14. A trade restriction faced by an exporter is called….

A. Balance of payment
B. Customs drawback
C. Embargo
D. Entrepot trade

15. ……… is a global network of computers which allows users access to worldwide
information
A. Internet
B. Cell phone
C. Confravision
D. Zoom
[15]

SECTION B

Answer all questions in this section on the spaces provided.

The number of marks is given at the end of each question.

1. Identify three career prospect available after studying commerce

…………………………………………………………………………………………
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…………………………………………………………………………………… [3]

2. A. mention three elements of a valid contract

…………………………………………………………………………………………
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…………………………………………………………………………………… [3]

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 B. Wadajo Investments supplied the following goods to Rose of Sharon School
100 test tubes at K50 each
200 lab reagents K100 each
All subjected to 5% trade discount
Calculate how much Rose of Sharon School is owing.
…………………………………………………………………………………………
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…………………………………………………………………………………….. [5]

3. Using the terms and word list below to complete the sentence that follow……….
Balance of trade, goods, an import duty, services, exchange rate, raw materials,
favourable.
a) Visible trade is trade in …………………………………………but invisible trade
is the trade in ……………………………….……………….
b) If the value of export is more than the value imports, the balance of trade is said to
be……………………………………………………………..
c) Another name for a tariff is………………………………….…………
d) Foreign trade is important to Zambia because some…………………………..do
not naturally exist in Zambia. [5]

4. Write TRUE or FALSE against each of the following sentences.

a) All partners have limited liability
………………………………………………………………….……..…………
b) A sole trader is an example of a private enterprise
………………………………………………………………………………….
c) Preference shares have voting rights
…………………………………………………………………………………..

[3]

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5. Outline the characteristics of ordinary shares
…………………………………………………………………………………………
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……………………………………………………………………………………… [3]

6. Briefly explain the functions of a broker when he acts as a broker on the stock
exchange.
…………………………………………………………………………………………
…………………………………………………………………………………………
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……………………………………………………………………………………… [3]

7. What are the factors that determine the price of shares at the stock exchange
…………………………………………………………………………………………
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……………………………………………………………………………………… [2]

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SECTION C [40 MARKS]

There are three questions in this section.

Answer any TWO

1. Luyando is a a doctor, explain how she will benefit from commercial activities
[20]

2. a) Describe the characteristics of a small scale retailer. [10]

b) Explain reasons why countries trade with each other [10]

3. a) What are the disadvantages of forming partnership ………………………[5]

b) Outline the features of a private limited company [5]
c) Define the public limited company [5]
d) State the advantages of a sole trader [5]

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