2020_Commerce_olevel_mj_paper2

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ZIMBABWE SCHOOL EXAMINATIONS COUNCIL

General Certificate of Education Ordinary Level

COMMERCE
PAPER 2 Essays

4049/2

NOVEMBER 2020 SESSION 2 hours

Additional materials:
Answer paper

TIME: 2 hours

INSTRUCTIONS TO CANDIDATES
Write your name, centre number and candidate number on the answer paper provided.

Answer all questions in Section A and any three questions in Section B, Answers in
Section B must be in essay form.

Shape all your letters clearly.
Write your answers on the separate answer paper provided.

If you use more than one sheet of paper, fasten the sheets together.

INFORMATION FOR CANDIDATES
The number of marks is given in brackets [ ] at the end of each question or part question.

This question paper consists of 3 printed pages and 1 blank page.
Copyright: Zimbabwe School Examinations Council, N2020.

©ZIMSEC N2020 [Turn over

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Section A [40 Marks]

Answer all questions

State two factors of production.

Which three documents are used when dispatching goods in home trade?

Identify two indigenous storage systems.

Identify consumer protection boards.

Outline the marketing concepts.

State three types of intellectual property.

Outline four sources of revenue for local authorities.

Identify three sources of personal income.

Using the information below, calculate the rate of stock-turn.

Total Sales

Total Purchases
Gross Profit

Cost of Goods Sold
Closing Stock
Opening Stock

Identify three types of assurance policies.

Explain the term insurable risks.

Identify any three modes of transport.

Explain the term communication.

4049/2 N2020

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Answer any three questions

7 (a) Explain the importance of a bonded warehouse. [10]
(b) Differentiate between direct and indirect production. [10]
8 (a) Identify functions of the Grain Marketing Board. [10]
(b) What are the advantages of free trade? [10]
9 Explain the marketing mix variables. [20]
10 (a) Identify eight contents and two uses of a Partnership Deed [10]
(b) Explain the importance of Zimtrade. [10]
11 (a) Differentiate between shares and debentures. [10]
(b) Explain the role of the International Monetary Fund (IMF). [10]

12 (a) Describe the following types of insurance policies:
@ fire insurance [5]
(ii) public liability [5]
(iii) Home owners insurance policy [5]
(iv) Pluvius policies [5]
13 (a) Describe the operation of Roll on, Roll off (RORO) ships. [10]

(b) Explain five factors to be considered by a trader when choosing modes
of communication. - [10]

4049/2 N2020

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4049/2 N2020

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