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1

Which aid to trade is most likely to be used as X in the following diagram?

1. Commerce and production  →  1.1.2. Aids to trade and logistics

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2

What are the three stages of production?

1. Commerce and production  →  1.2. Production

1. Commerce and production  →  1.1.4. The relationship between production, trade and commerce

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3

The table shows the numbers employed in various occupations in a country. agriculture 1 000 engineering 4 000 house building 3 000 mining What is the total number of workers employed in extractive industries?

1. Commerce and production  →  1.2. Production

1. Commerce and production  →  1.2.6. Costs involved in trade, commerce and production

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4

The diagram shows a scanner reading a bar code. Which details are obtained from the bar code?

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5

What is the main function of a retailer?

2. Commercial operations  →  2.3. Retailing

2. Commercial operations  →  2.4. Wholesaling

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6

Mrs Lee wishes to buy new clothes for the summer. Which is an advantage to Mrs Lee of buying them from a multiple chain store rather than from a factory shop?

2. Commercial operations  →  2.3. Retailing

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7

A customer wishes to buy a laptop computer on credit. Which form of credit will ensure the laptop computer becomes the customer’s property immediately?

5. Aids to trade that support commerce  →  5.2. Banking

5. Aids to trade that support commerce  →  5.4. Sources of finance and commercial performance

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8

Using credit means that the customer A always pays extra for the goods. B gets goods repaired for nothing. C obtains discount on goods. D uses the goods but pays later.

1. Commerce and production  →  1.1.3. Types of commerce

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9

A law saying that goods should be fit for purpose would assist a customer when A he became ill after a meal at a local hotel. B he bought two kilos of apples and received one kilo. C the heels fell off a pair of shoes bought last week. D the local shop overcharged for a loaf of bread.

6. Sustainability and ethics  →  6.3. Consumer protection

5. Aids to trade that support commerce  →  5.1. Advertising

6. Sustainability and ethics  →  6.2. Ethics

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10

Customers who do not know their rights could be cheated by unscrupulous traders. Therefore, both government legislation and government organisations provide A competition among traders. B consumer protection. C financial assistance. D free choice by the consumer.

6. Sustainability and ethics  →  6.3. Consumer protection

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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11

What is the function of a broker in international trade?

1. Commerce and production  →  1.2.4. Intermediaries in a supply chain

3. Globalisation of trade  →  3.1.2. Challenges of international trade to exporters and importers

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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12

What is the advantage to a manufacturer of using the channel of distribution shown...

2. Commercial operations  →  2.4. Wholesaling

2. Commercial operations  →  2.3. Retailing

1. Commerce and production  →  1.2.4. Intermediaries in a supply chain

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13

Which service is provided by wholesalers to manufacturers?

2. Commercial operations  →  2.4. Wholesaling

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14

A wholesaler buys coats from a manufacturer for $30 each. The wholesaler sells them to a retailer for $39 each. The retailer then sells them in her shop for $50 each. What is the wholesaler’s percentage mark-up?

2. Commercial operations  →  2.4. Wholesaling

2. Commercial operations  →  2.3. Retailing

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15

Which document shows a summary of transactions taking place between a trader and a customer during a month?

2. Commercial operations  →  2.5. Trading documents

2. Commercial operations  →  2.5.3. Digital use of trading documents

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16

What is the main purpose of a delivery note?

2. Commercial operations  →  2.4. Wholesaling

5. Aids to trade that support commerce  →  5.1. Advertising

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17

Super Sportswear wishes to export its products. It must consider the following factors when researching potential markets for its sportswear. climatic conditions cultural requirements language differences Which other factor is most likely to influence its choice of potential markets?

2. Commercial operations  →  2.1.5. Physical and ecommerce location factors

3. Globalisation of trade  →  3.1.2. Challenges of international trade to exporters and importers

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18

The diagram shows the imports and exports that make up a country’s international trade. imports exports banking services manufactured goods agricultural goods oil tourism chemicals What is the country’s invisible trade?

1. Commerce and production  →  1.1. Trade and commerce

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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19

What is a ‘trading bloc’?

3. Globalisation of trade  →  3.1.4. Free trade, trading blocs, trade restrictions and sources of support for exporters

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20

The diagram shows people arriving in a country. Goods to Declare Nothing to Declare Which organisation is responsible for what is shown...

1. Commerce and production  →  1.1.2. Aids to trade and logistics

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21

The Advertising Manager for Salamar Products Ltd is considering how to advertise a new perfume for men. The members of staff have written down some suggestions. Which suggestion is a method of appeal?

5. Aids to trade that support commerce  →  5.1.3. Methods of appeal used in advertising

5. Aids to trade that support commerce  →  5.1. Advertising

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22

A government wants to issue a health warning to the nation. Which method of advertising would not be suitable?

5. Aids to trade that support commerce  →  5.1. Advertising

5. Aids to trade that support commerce  →  5.1.2. Methods of traditional and digital advertising media

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23

Which postal service is available at a post office counter?

5. Aids to trade that support commerce  →  5.2. Banking

2. Commercial operations  →  2.5.3. Digital use of trading documents

4. Logistics in commerce  →  4.1. Transport

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24

Which service allows instant access to details of the latest profits of an international company?

2. Commercial operations  →  2.5.3. Digital use of trading documents

2. Commercial operations  →  2.6.2. Methods of communication

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25

Which service is provided to an air freight company by an airport authority?

1. Commerce and production  →  1.1.2. Aids to trade and logistics

1. Commerce and production  →  1.2.6. Costs involved in trade, commerce and production

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26

What name is given to a ship where vehicles may be driven on and driven off?

4. Logistics in commerce  →  4.1. Transport

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27

A coffee importing business needs to store coffee before selling it. What would be most useful to this business?

4. Logistics in commerce  →  4.2. Warehousing

2. Commercial operations  →  2.1.5. Physical and ecommerce location factors

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28

The use of a wholesale warehouse in the chain of distribution A enables direct selling from manufacturer to retailer. B enables production to be ahead of demand. C reduces the chain of distribution. D reduces the cost of goods to consumers.

2. Commercial operations  →  2.4. Wholesaling

4. Logistics in commerce  →  4.2. Warehousing

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29

What is the role of an insurance broker?

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

5. Aids to trade that support commerce  →  5.3. Insurance

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30

Many people pay insurance premiums, so that the unfortunate who need to make claims can be paid. What is this called?

5. Aids to trade that support commerce  →  5.3.3. How enterprises make use of insurance

5. Aids to trade that support commerce  →  5.3. Insurance

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31

Telephone banking is used by customers who do not wish to visit their bank in person. Which service can customers receive through telephone banking?

5. Aids to trade that support commerce  →  5.2. Banking

5. Aids to trade that support commerce  →  5.2.2. Digital technology in banking

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32

A customer wishes to pay his debt of $500. Which means of payment can he legally make his creditors accept?

5. Aids to trade that support commerce  →  5.2. Banking

3. Globalisation of trade  →  3.1.2. Challenges of international trade to exporters and importers

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33

What is a benefit of using the credit transfer service provided by commercial banks?

5. Aids to trade that support commerce  →  5.2. Banking

5. Aids to trade that support commerce  →  5.4. Sources of finance and commercial performance

5. Aids to trade that support commerce  →  5.2.2. Digital technology in banking

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34

The diagram shows a partly completed bank statement. Bank Statement May 1 May 6 May 14 May 16 Balance b/f Cheque 456873 Direct Debit Salary Debit $ Balance $ Credit $ The amount of the salary paid into the account was $700. Which is the correct entry for May 16?

3. Globalisation of trade  →  3.1.3. Balance of Trade and Balance of Payments

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35

A multinational manufacturer of fizzy drinks wants to locate a factory in a developing country. The following headlines have recently appeared in the developing country’s national newspapers. Which headline suggests a possible advantage of multinational companies to developing countries?

2. Commercial operations  →  2.1.3. Multinational companies (MNCs) in the global economy

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36

Two friends wish to set up a business selling books on the Internet. They are looking for suitable premises. Which factor will most influence their choice of location?

2. Commercial operations  →  2.1.5. Physical and ecommerce location factors

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37

How are the profits and losses in a partnership shared when there is no partnership deed?

2. Commercial operations  →  2.1.2. Types of private and public sector enterprises

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38

The balance sheet of a retailer shows the following. assets $ liabilities $ premises 200 000 capital 310 000 fixtures / fittings 50 000 bank overdraft 50 000 vehicles 40 000 creditors 40 000 stock 20 000 debtors 10 000 cash 80 000 400 000 400 000 What is the working capital of the retailer?

5. Aids to trade that support commerce  →  5.4. Sources of finance and commercial performance

5. Aids to trade that support commerce  →  5.4.2. Commercial calculations

2. Commercial operations  →  2.3. Retailing

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39

A factory owner needs to buy an expensive piece of machinery. He does not have the necessary $10 000 to purchase for cash. How can the factory owner obtain the machinery without buying on credit?

5. Aids to trade that support commerce  →  5.4. Sources of finance and commercial performance

1. Commerce and production  →  1.2. Production

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40

A farmer applies to a commercial bank for a loan to buy a tractor. What will a bank not take into consideration before agreeing to the loan?

5. Aids to trade that support commerce  →  5.4. Sources of finance and commercial performance

5. Aids to trade that support commerce  →  5.2. Banking

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