7100_s11_qp_13 - revisedeck

7100_s11_qp_13

A paper of Commerce, 7100

Questions:

40

Year:

2011

Paper:

1

Variant:

3

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1

Which of the following is an aid to trade?

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

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

Open

2

What is the part of production concerned with trade and aids to trade known as?

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

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

Open

3

The pictures show two occupations. doctor dentist Which kinds of occupation are shown...

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

1. Commerce and production → 1.2. Production

Open

4

What is the advantage of specialisation in a factory?

1. Commerce and production → 1.2. Production

1. Commerce and production → 1.2.2. In-house production and outsourced production

Open

5

What is an advantage of mail order shopping?

2. Commercial operations → 2.3.4. Effects of ecommerce on traditional commerce

2. Commercial operations → 2.3. Retailing

Open

6

After introducing self-service, a retailer is likely to increase his turnover as a result of A decreased shop theft. B fewer shop assistants. C impulse buying. D increased advertising.

2. Commercial operations → 2.3. Retailing

Open

7

Sonia Shar has entered into a hire purchase agreement to buy a television from a retail store over a 2-year period. When will she become the legal owner of the television?

Open

8

What is a disadvantage to the retailer of granting consumer credit?

2. Commercial operations → 2.3. Retailing

6. Sustainability and ethics → 6.3. Consumer protection

2. Commercial operations → 2.3.4. Effects of ecommerce on traditional commerce

Open

9

Four customers have bought perfume from a department store. In which of these situations would the customer not be protected by consumer protection legislation?

6. Sustainability and ethics → 6.3. Consumer protection

2. Commercial operations → 2.3. Retailing

Open

10

Consumers may be protected by A banning advertising on television and radio. B forming multinational companies. C making complaints to the police. D passing laws relating to trading standards.

6. Sustainability and ethics → 6.3. Consumer protection

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

Open

11

The table shows the cost to the retailer of purchasing canned food from three different sources. cash and carry wholesaler traditional wholesaler manufacturer cost of purchasing canned food $60 $70 delivered $75 delivered Why is the cash and carry wholesaler able to quote the lowest price?

2. Commercial operations → 2.4. Wholesaling

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

Open

12

What is the name of an agent who buys and sells goods on a commission basis for another person?

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

2. Commercial operations → 2.4. Wholesaling

Open

13

The diagram shows a commercial activity. factory warehouse transport shops consumers Which commercial activity is shown...

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

1. Commerce and production → 1.2. Production

4. Logistics in commerce → 4.2. Warehousing

Open

14

A trader buys goods worth $4000 on credit and receives 20% trade discount and 10% cash discount. How much is the trade discount?

Open

15

What does a statement of account sent by a wholesaler to a retailer show?

2. Commercial operations → 2.4. Wholesaling

2. Commercial operations → 2.3. Retailing

Open

16

The graph shows country Y’s imports and exports. $m services $m goods imports exports key What is country Y’s Balance of Payments on its current account?

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

1. Commerce and production → 1.1. Trade and commerce

Open

17

What can a government do to protect home industries from foreign competition?

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

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

Open

18

The diagram shows an advertising slogan. Sunfruit - the sugary sweet with the best and smoothest taste What type of advertising is shown...

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

Open

19

Which problem is not specifically related to international trade?

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

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

Open

20

Salamar Products Ltd has decided to use the Internet to sell its new aftershave for men. Which reason influenced the company to make this decision?

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

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

5. Aids to trade that support commerce → 5.1.4. Sales promotion

Open

21

Which factor would most influence the choice of an advertising medium?

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

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

Open

22

Two groups of people are linked by telephone for a meeting. What is this method of communication called?

2. Commercial operations → 2.6.2. Methods of communication

2. Commercial operations → 2.6. Communication

2. Commercial operations → 2.6.3. Factors that affect communication

Open

23

What would companies trading in the global economy find most useful to know about?

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

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

Open

24

The diagram shows a system for transporting goods. Which transport system is shown...

4. Logistics in commerce → 4.1. Transport

Open

25

The diagram shows the total volume of freight moved within a country by various forms of transport. heavy lorries 40 % vans 20 % railways 20 % pipelines 10 % waterways 10 % total freight carried: 400 m tonnes How much freight is moved using road transport?

4. Logistics in commerce → 4.1. Transport

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

Open

26

Which are the two most suitable forms of transport for carrying flowers from a farm in Kenya to a shop in Paris?

4. Logistics in commerce → 4.1. Transport

Open

27

What is the main advantage of buying goods from a cash and carry warehouse?

4. Logistics in commerce → 4.2. Warehousing

2. Commercial operations → 2.3. Retailing

2. Commercial operations → 2.4. Wholesaling

Open

28

What happens for each extra day that goods are kept in a warehouse?

4. Logistics in commerce → 4.2. Warehousing

2. Commercial operations → 2.3.4. Effects of ecommerce on traditional commerce

Open

29

What is an insurance proposal?

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

Open

30

Mr Gabriel owns a clothing company. Why should he insure his factory?

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

Open

31

What does the insurance principle of indemnity mean?

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

Open

32

A bank will provide finance to an exporter of goods to cover the time between despatch of the goods and receipt of payment from the overseas customer. What name is given to this service?

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

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

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

Open

33

Why has the use of debit cards as means of payment increased in many countries?

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

Open

34

The bank credit transfer system allows firms to A deposit money when banks are closed. B obtain cash when banks are closed. C pay several bills with one cheque for the total amount. D raise loans to purchase equipment.

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

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

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

Open

35

Which statement explains why franchising is a popular way of starting a business?

2. Commercial operations → 2.1.4. Franchises

2. Commercial operations → 2.3. Retailing

5. Aids to trade that support commerce → 5.1.4. Sales promotion

Open

36

A multinational is a company that A has factories in one country. B imports goods from abroad. C is based in many countries. D sells goods within its own country.

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

Open

37

Which person is most likely to be employed in the public sector of a country?

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

2. Commercial operations → 2.1. Commercial enterprises

Open

38

A clothing retailer says that her rate of turnover is five. What does this mean?

2. Commercial operations → 2.3. Retailing

2. Commercial operations → 2.4. Wholesaling

Open

39

JA’s Deli has the following trading figures for the past year. $ sales revenue 175 000 cost of sales 140 000 rent 12 800 power wages 4 500 other expenses 3 200 What is JA’s net profit?

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

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

5. Aids to trade that support commerce → 5.4.3. Improving commercial performance

Open

40

Mr Khan wishes to purchase a new car. Which source of finance should he use?

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

Open