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Commerce Past Questions Practice
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Commerce 2021

minutes!

Question(s):
1

Differentiate between a merger and an acquisition.

Explain five ways commerce is important in the life of a nation

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2

Differentiate between the following pairs of terms: (i) Interest and profit: (ii) Share and denture (iii) Ordinary share and preference share (iv)Cumulative preference share and participating preference share  (v) Cum div and ex div

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3

(a) State four functions of Money: 
(b)Explain how the following operators function on a stock exchange

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4

(a) List five Means of payment in Home Trade
(b) Explain ways computers could be useful to a Motor vehicle seller

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5

(a) What is Entrepot Trade?

(bi)Differentiate between a Bill of Lading and Consignment Note

(bii) Explain the use of bill of sight in foreign trade 

(c) State five reasons for the criticism against Advertising

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6

Madam Fana, the human resources manager of Baku limited, is due to start her annual leave. She wishes to assign one of her assistants to perform her duties in her absence.

(i) identify and explain the organizational principle on which Madam Fana has based her decision
(ii) State four duties of Madam Fana in Baku limited.
(iii) Explain the following management functions: (a) Planning: (b) Organizing (c) Directing: (d) Controlling

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7

(a) What is an economic grouping? 
(b) State three objectives of each of the following organizations
I) Lake Chad Basin Commission
ii) ECOWAS
Iii) Niger Basin Commission 

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8

(a) Explain the following types of capital (i)Authorized capital (ii) Liquid capital 
(b) the following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020

Equipment

I50,000

Cash at bank

25.000

Creditors

120.000

Debtors

150 000

Stock as at 1/03/20

  30.000

Motor van

300,000

Fixtures and fittings 

40,000

Overdraft

45.000


Stock as at 31/ 03/ 20

25,000

 

 Calculate: (i) Fixed assets. (ii) Current liabilities: (iii) Current assets: (iv) Working capital (v) Average stock

 

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