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Grade 10 Commerce Eot3 - 2021

Land - Rent Labour - Wages Capital - Interest Enterprise - Profit [4] 7. Briefly explain the term 'Business' ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ...................................................................................................... [3] 8. State three types of business ownership ............................................................................................................ ............................................................................................................ ............................................................................................................ ...................................................................................................... [3] 9. Briefly explain the term 'Commerce' ............................................................................................................ ........................................................................................................

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0% found this document useful (0 votes)
285 views9 pages

Grade 10 Commerce Eot3 - 2021

Land - Rent Labour - Wages Capital - Interest Enterprise - Profit [4] 7. Briefly explain the term 'Business' ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ............................................................................................................ ...................................................................................................... [3] 8. State three types of business ownership ............................................................................................................ ............................................................................................................ ............................................................................................................ ...................................................................................................... [3] 9. Briefly explain the term 'Commerce' ............................................................................................................ ........................................................................................................

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MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS

MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MOPANI COPPER MINES PLC
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCM NKANA SECONDARY SCHOOL
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
END OF YEAR EXAMINATIONS (GRADE 10) -2021
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
Commerce 7100/1
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS
MCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSSMCMNSS

Duration: 1 Hour 30 Minutes

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 9
SECTION A

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

1. Commerce involves the following principle activities except


A. Manufacturing
B. Production
C. Consumption
D. Exchange and distribution of goods and services

2. Which one is an example of an aid to trade?


A. Buying and selling of goods to make profit
B. Creating a surplus of production
C. Providing storage facilities
D. Reducing taxes on imports

3. ……………….. is an expression of willingness to contract on certain terms with an


intention that it becomes binding.
A. Acceptance
B. Consent
C. Consideration
D. Offer

4. Which of the following contracts would not be legally binding?


A. Contract to build a bridge
B. Contract to paint a house
C. Contract to sell a Van
D. Contract with a minor

5. Which of the following is not provided by a wholesaler?


A. Breaking the bulk
B. Buying in bulk
C. Delivery services
D. Offer personal service to consumers

Page 2 of 9
6. ………………. Is a method of sale where goods are delivered and payment made at a
later date
A. Hire Purchase
B. Lay-bye
C. Pay slow
D. Credit sale

7. A business document used in home trade which is also referred to as a bill


is………………
A. A cheque
B. A quotation
C. An estimate
D. An invoice

8. Goods which are below national standard of goods and services required in a given
country are called…………… goods.
A. Counterfeit
B. Quality
C. Substandard
D. Original

9. …………………..is a document issued by the seller to the buyer indicating a summary of


transacting for a particular period of time.
A. Bank statement
B. Balance
C. Statement of account
D. Receipt

10. Which name is given to the buying and selling of goods and services using electronic
systems such as internet?
A. ebanking
B. ecommerce
C. email
D. ereader

Page 3 of 9
SECTION B

Answer all questions in this section in the spaces provided.

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

1. Identify three career prospects available after studying commerce


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

2. a) Give reasons why it is not good to breach a contract.


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

b) Mr. Simbeye bought the following


20 cases of sugar at K100 per case
40 boxes of boom at K 3000
All goods subject to 20% trade discount
A further 10% cash discount was offered to him. Calculate how much Mr. Simbeye will
be required to pay?
………………………………………………………………………………………………
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………………………………………………………………………………………… [5]

Page 4 of 9
3. What are the challenges faced by an entrepreneur?
………………………………………………………………………………………………
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………………………………………………………………………………………… [4]

4. State the effects of production in environment


………………………………………………………………………………………………
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………………………………………………………………………………………… [4]

5. Explain the term Trade


………………………………………………………………………………………………
………………………………………………………………………………………………
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Page 5 of 9
6. Indicate the rewards for the factors of production
………………………………………………………………………………………………
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………………………………………………………………………………………… [4]

7. Give two examples of direct services


………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………… [2]

8. What is hire purchase?


………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………… [2]

SECTION C
There are two questions in this section
Answer only one question.

1. Bwalya is a Doctor, Explain how he will benefit from commercial activities [20]

2. a) What are the main functions of a retailer? [10]

b) Indicate the differences between credit sales and hire purchase [10]

Page 6 of 9
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