cameroon gce O level June 2023 commerce 2

cameroon gce O level June 2023 commerce 2

(a) Distinguish between an Incorporated and an Unincorporated business usi

ng suitable examples.
(b) Explain any FOUR advantages of a sole trader as a form of business.
(c) Outline any SIX features of co–operative societies.
1.
(8 marks)
(6 marks)
(6 marks)
(a) Define the following terms;
i ) Enterprise,
ii) Entrepreneur,
iii ) Entrepreneurship.
(b) Outline any TWO functions of the following departments of an enterprise;
i ) Production,
ii ) Marketing,
iii) Stores.
(c) Explain any FOUR importance of warehousing to commerce and industry.
2.
(6 marks)
(6 marks)
(8 marks)
(a) Briefly explain the following types of business documents;
i ) Catalogue,
ii ) Invoice,
iii) Credit note.
(b) State and explain any FOUR services of a wholesaler to the retailer.
j.
(6 marks)
(8 marks)
(6 marks)(c) Explain FOUR advantages of shopping in a department store.
4. (a) The information below are extracts from the trading, profits and loss ac
counts of a business at the end of
a trading period.
Amount (CFAF)Particulars
Opening inventory 20,000
Closing inventory 10,000
Purchases 40,000
Sales 80,000
Working expenses 12,000 ,
You are required to calculate;
gross profits,
net profits,
rate of turnover,
net profits as a percentage of sales.
(b) Name and briefly explain FOUR methods of advertising goods.
(c) Outline any FOUR reasons why consumers need to be protected.
i)
ii)
iii)
iv) (8 marks)
(8 marks)
(4 marks)
(a) Explain any FOUR functions of the central bank in an economy.
(b) What are the differences between a current account and a deposit accou
nt.
(c) Explain the role of insurance to an economy.
5. (6 marks)
(8 marks)
(6 marks)
(a) State and briefly explain FOUR factors that have led to the growth of forei
gn trade.
(b) Explain the advantages of sea transport over air transport.
(c) Outline the importance of containerization as a mode of transport.
6. (8 marks)
(8 marks)
(4 marks)

cameroon gce ordinary level June 2022 commerce 2

cameroon gce ordinary level June 2022 commerce 2

(n)Name and explain any FOUR differences between a private enterprise and
a public enterprise. (8 marks)
(b) Ivxplain any THRICE internal sources of finance to a publie company. (6
marks)
(c) Outline any SIX reasons for the continual existence of small businesses in
Cameroon. (6 marks)
(a) Define the following terms;
Land,
Capital,
Entrepreneur.
(b) Explain any THREE criteria of classifying enterprises in Cameroon,
(e) Name and explain any FOUR types of warehouses.

(6 marks)
(8 marks)
3. (a) Explain the following business documents;
Order,
Advice note,
Statement of account.
(b) Briefly explain any FOUR services of the wholesaler to the manufacturer.
(e) Outline any THREE reasons for direct dealing in the chain of distribution
of goods.

cameroon gce O level June 2023

commerce 1
Posted on June 16, 2023 by T- frank
cameroon gce O level June 2023 commerce 1

cameroon gce O level June 2023 commerce 1

An auxiliary to trade that enables goods to

be available when and where needed is;
A Advertising.
B Insurance.
C Transport.
D Warehousing. A document used to correct an error of
Overcharge in an invoice is called;
A Delivery note.
B Debit note.
C Consignment note.
D Credit note.
10.
2. Which retail trader sells goods to consumers
on a door–to–door basis?
A Hawker.
B Retailer.
C Mobile shop.
D Road side trader. The abbreviation E&OE is printed in which of
the following trade documents?
A Statement of account.
B Invoice.
C Credit note.
D Debit note.
11.
What is the reward to an entrepreneur?
A Interest.
B Dividends.
C Rents.
D Profits.
J.
is also called “shop of shops”.
A Department stores.
B Multiple shops.
C Mail order business.
D Hypermarkets.
12.
4. The process of change of forms of goods is by;
A Industry.
B Commerce.
C Manufacturing.
D Direct services. A transport mode that is flexible over short
distances is;
A Road.
B Sea.
C River transport.
D Air. •
13.
5. “LTD” at end of a company’s name signifies?
A Private corporation.
B Public corporation.
C Private company.
D Public company.
6. Which of the following retail outlets occupies
the largest space?
A Supermarket.
B Tied shop.
C Chain stores.
D Hypermarket.
Cheques that can be cashed by anyone are;
A Order cheques.
B Bearer’s cheques.
C Certified cheques.
D Blank cheques.
Current assets less creditors equals;
A Capital owned.
B Working capital.
C Capital employed.
D Circulating capital.
14.
15.
Which document provides a summary of
transactions at the end of every trading period?
A Invoice.
B Statement of account.
C Bank statement of account.
D Pro forma invoice.
7.
16. An order to an agent to buy goods from a
named manufacturer is called;
A Indent.
B Open indent.
C Closed indent.
D Forwarding agent.
8. State a restriction on foreign trade that does
not generate income;
A Tariffs.
B Quotas.
C Embargo.
D Customs duty.

17. In a cheque transaction identify the payee;

A Account holder.
B Creditor.
C Bank.
D Drawer

Ordinary level 2023 northwest regional

mock commerce 1
Posted on April 8, 2023April 8, 2023 by T- frank
Ordinary level 2023 northwest regional mock commerce 1

Ordinary level 2023 northwest regional mock commerce 1

18. Home trade is usually sub divided into:

A)Retail trade and importtrade
B)Wholesale trade andexporttrade.
C)Wholesale trade andretailtrade
D)Retailtrade and export trade.
2. A partner who does not take partin the managementoF
abusiness but takes partinthe sharingofprofitis
called:
A)Quasi partner
B)Nominalpartner
C)Active partner
D) Limitedpartner.
3.The document start abusiness thatpermits is called apublic :
limitedcom^^T^”
A)Certificateoftrading.
B)Articles ofAssociation
C)Certificate Training
D)Memorandumof Association.
4.The importation of goods for re-export is known as:
A)Foreigntrade
B)Entrepottrade
C)Exporttrade
D)Import trade
22)A lawyer employedby abank can be classified under
which ofthe following?
A)Industry
B)Directservices
C)Commerce
D)Tertiary industry
O level north west regional mock gce
2022 commerce 1
Posted on May 20, 2022 by T- frank

O level north west regional mock gce 2022 commerce 1

O level north west regional mock gce 2022 commerce 1

Identify the auxiliaries of trade

prices:
A. Warehousing.
B. Insurance
insurance contract is:
A. Uberimae
B. Caveat emptor
C. Insurable interest
D. Fidelity guarantee.
12. A retailer is offered a trade discount of 20% fora
total of 240.000frs. Trade discount is:
A. 408.000frs
B. 480.000frs
C. 4800 000frs
D. 48.000frs
13. The value of goods imported is 24 million FCFA.
!f tariff charged on them is 25% custom duty is:
A. 600.000f
B. 6.66.000F
C. 6.000.000F
D. 6.600.000F
14. The rate of interest charged on bank loans
depends on all of the following EXCEPT:
A. Duration of loan
B. Type of consumer
C. Expected profit by borrower.
D. Credit worthiness of borrower.
15. Which of the following is NOT a feature of a
multiple shop?
A. Sells goods in CWO basis.
B. .Has many branches
.. . C. They have the same appearance.-
• ;; D; ‘ Stocks can be obtained from a central
warehouse.
Fidei.
C. Banking
D. Communication
effort is
A resource below provide by human i
A. Entrepreneur
B. Labour
C. Land
D. Capital.
The department that educates and trains employees
in an enterprise is called:
A. Human resource department
B. Administrative department
C. Marketing department
D. Accounting department
A standing order is used when a:
A. Single payment is made.
B. Regular payment is made at irreg
C. Regular payment is made at regular intervals.
D. Single payment is made to several persons.
The charge paid for goods transported by sea is
called:
ular intervals.
A. Carriage paid
B. Cash paid
C. Freight
D. Demurrage
Inter-bank indebtedness is settled in a:
A. Clearing house
B. Commercial bank.
C. Merchant bank.
D. Development
r’-i
16. Impulse buying means that the buyer:
A. Buys on credit.
B. Makes payment in installments.
C. Stops buying.
D. Does unplanned buying.
17. A machine used to print postage on documents or
envelopes is called:
A. Franking machine
B. Electronic scale
C. Teleprinter
D. Stamp affixing machine.
18. Which of the following agents does NOT take
possession of goods?
A. Auctioneer
B. Broker
C. Factor
D. Del credre Agent.
19. A document which gives a summary ot the
customer’s transaction in the bank is:
A. Bank statement
B. Statement of Account
isC. Counterfoil.
D. Standing order
Which form of advertising below targets a
particular market segment?
A. Direct advertising
B. Indirect advertising
C. Persuasive advertising
D. Informative advertising
Which sales promotional technique attaches a
bonus to the product on sale?
A. Premium
B. Give away item.
C. Discount
D. Coupons.
J). A main insurance loss which is voluntarily incurred 0
is;
A. Total loss
B. Partial loss
C. General Average loss
D. Constructive loss.
A policy taken to co
is known as:
A. Employer Liability
B. Burglary
C. Consequential Loss.
D. Fidelity guarantee.

1. Home trade is usually sub–divided into;

A Retail trade and import trade.
B Whole sale trade and export trade.
C Whole sale trade and retail trade.
D Retail trade and export trade

2. A partner who does not take part in the sharing of

profits in a partnership business is called:
A Quasi partner.
B Nominal partner.
C Active partner.
D Limited partner.

D) Multiple stores
17) An agent that takes possessions of goods and
guarantees goods sold on credit is known as:
A) Factor
B) Del eredere
C) Broker
D) Auctionce.__