First Term Examination Questions Commerce SS 1 First Term Lesson Notes Week 12

Commerce SS1 First Term Examination – Week 12

Instructions for Students

1. Read Carefully: Make sure to read all questions and instructions carefully before answering.
2. Stay Honest: This exam is meant to test your knowledge. Do not cheat or engage in any form of examination malpractice.
3. Write Neatly: Use clear and legible handwriting. If your writing is not clear, it may affect your score.
4. Manage Your Time: You have a limited amount of time for this exam. Make sure to keep an eye on the clock and pace yourself.
5. Ask Questions: If you do not understand a question, raise your hand and ask the teacher for clarification.
6. Keep Your Work Area Clean: Do not share materials or look at others’ papers during the exam.
7. Use Only Allowed Materials: Bring only the materials allowed (e.g., pens, pencils, erasers). Do not bring any unauthorized items.
8. Stay Calm: Take deep breaths if you feel nervous. Remember, you have prepared for this exam.

Instructions for Teachers

1. Prepare the Environment: Ensure that the examination room is quiet, comfortable, and free from distractions.
2. Explain the Rules: Clearly explain the exam rules and the importance of academic integrity to the students before the exam starts.
3. Monitor the Exam: Walk around the room during the exam to observe students and ensure they are not engaging in any malpractice.
4. Be Available for Questions: Make yourself available for any questions that students may have regarding the exam.
5. Collect All Materials: Ensure that all exam papers, materials, and personal items not allowed are collected at the end of the exam.
6. Review Procedures for Malpractice: Inform students of the consequences of exam malpractice, including failing the exam or other disciplinary actions.
7. Provide Clear Instructions: Give clear instructions on how to answer each section of the exam.

Examination Structure

Part A: Objective Questions
Answer the following 30 fill-in-the-blank questions by choosing the correct option (a, b, c, or d) from the choices given.

1. Commerce is the activity of buying and selling __________.
   a) goods
   b) ideas
   c) plans
   d) services
2. E-commerce takes place __________.
   a) at markets
   b) in stores
   c) over the internet
   d) in factories
3. The barter system involves exchanging __________ directly.
   a) services
   b) money
   c) goods
   d) information
4. Industrial occupations focus on __________ goods.
   a) selling
   b) producing
   c) advertising
   d) consuming
5. Primary production includes activities like __________.
   a) trading
   b) mining
   c) advertising
   d) retailing
6. Home trade occurs __________ a country.
   a) within
   b) outside
   c) above
   d) below
7. Retail trade sells products in __________ quantities.
   a) large
   b) medium
   c) small
   d) varying
8. Market research helps businesses understand __________ needs.
   a) customer
   b) employee
   c) investor
   d) supplier
9. A mobile shop is a __________ retail business.
   a) stationary
   b) fixed
   c) moving
   d) permanent
10. The types of trade include home trade, __________ trade, and entrepot trade.
    a) foreign
    b) local
    c) wholesale
    d) direct
11. Retailers use __________ to attract customers.
    a) promotions
    b) legal terms
    c) rules
    d) contracts
12. E-commerce can help reduce __________ for businesses.
    a) costs
    b) profits
    c) customers
    d) risks
13. Customer service is important for building __________.
    a) friendships
    b) relationships
    c) profits
    d) products
14. Small retailers often face __________ from larger stores.
    a) support
    b) cooperation
    c) competition
    d) friendship
15. Aids to trade include __________ services.
    a) entertainment
    b) transportation
    c) hospitality
    d) cooking
16. Understanding consumer behavior helps in __________ products.
    a) manufacturing
    b) pricing
    c) advertising
    d) selling
17. One characteristic of retail trade is __________.
    a) selling in bulk
    b) direct selling
    c) online selling
    d) importation
18. The primary purpose of market research is to know __________.
    a) costs
    b) customers
    c) competitors
    d) locations
19. E-commerce includes online __________.
    a) meetings
    b) sales
    c) ads
    d) surveys
20. The barter system is __________ in modern commerce.
    a) common
    b) rare
    c) easy
    d) reliable
21. The tertiary sector focuses on __________ services.
    a) industrial
    b) agricultural
    c) retail
    d) transport
22. A characteristic of home trade is that it involves __________ customers.
    a) international
    b) local
    c) distant
    d) foreign
23. Specialization in production means focusing on __________.
    a) a variety of tasks
    b) one specific task
    c) many industries
    d) all services
24. The main goal of customer service is to satisfy __________.
    a) employees
    b) shareholders
    c) customers
    d) suppliers
25. The retail trade includes both __________ and large stores.
    a) mobile
    b) online
    c) factory
    d) agricultural
26. Factors affecting commerce include __________ and technology.
    a) weather
    b) politics
    c) location
    d) infrastructure
27. E-commerce allows businesses to operate __________.
    a) locally only
    b) internationally
    c) with fewer costs
    d) without employees
28. The term “entrepot trade” refers to __________.
    a) trade within a country
    b) storage and redistribution of goods
    c) trade between two countries
    d) local market sales
29. Mobile shops often sell products __________.
    a) from a fixed location
    b) during market days
    c) directly from a vehicle
    d) only online
30. The service sector is part of the __________ industry.
    a) agricultural
    b) commercial
    c) industrial
    d) manufacturing

Part B: Theory Questions
Answer the following 30 simple short-answer questions on the topics previously taught this term.

1. Define commerce in your own words.
2. What is the main purpose of e-commerce?
3. Explain how the barter system works.
4. What are the three main types of occupations?
5. Why is primary production important?
6. Describe the role of aids to trade.
7. What are the benefits of specialization in production?
8. Explain the difference between retail and wholesale trade.
9. How can small retailers compete with larger ones?
10. What factors should be considered when conducting market research?
11. Why is customer service vital in retail businesses?
12. What challenges do mobile shops face?
13. List two types of foreign trade.
14. How does technology influence commerce today?
15. Explain the importance of understanding consumer behavior.
16. What are some characteristics of retail trade?
17. Describe one advantage and disadvantage of e-commerce.
18. How can retailers effectively reach their target market?
19. What is the significance of inventory management for retailers?
20. Explain how transportation supports commerce.
21. What is the role of advertising in retail trade?
22. Name two factors that affect the growth of commerce.
23. How does specialization lead to increased efficiency?
24. What types of products are typically sold in mobile shops?
25. How can market research help in product development?
26. What are some common payment methods in e-commerce?
27. Why is location important for a retail business?
28. How do seasonal changes affect retail trade?
29. What skills are important for someone in a commercial occupation?
30. Describe how e-commerce can benefit consumers.

Part C: True or False Questions
Indicate whether the following statements are true or false.

1. E-commerce is only for large businesses. (True / False)
2. The barter system uses money for trade. (True / False)
3. Retail trade sells goods directly to consumers. (True / False)
4. Market research is not important for businesses. (True / False)
5. Home trade occurs between different countries. (True / False)
6. A mobile shop operates from a fixed location. (True / False)
7. Customer service can help improve sales. (True / False)
8. Primary production includes activities like fishing and farming. (True / False)
9. E-commerce is limited to local sales. (True / False)
10. Small retailers usually have less competition than larger ones. (True / False)
11. Industrial occupations focus on providing services. (True / False)
12. Transportation is an aid to trade. (True / False)
13. The service sector provides physical products. (True / False)
14. E-commerce can increase the reach of a business. (True / False)
15. The barter system is widely used today. (True / False)
16. Home trade is also called domestic trade. (True / False)
17. Specialization can reduce production costs. (True / False)
18. Retail trade does not require market research. (True / False)
19. Entrepot trade involves the redistribution of goods. (True / False)
20. All businesses need to focus on customer satisfaction. (True / False)
21. E-commerce businesses do not need a physical location. (True / False)
22. Competition is beneficial for consumers. (True / False)
23. Mobile shops have fixed operational hours. (True / False)
24. Market research helps understand consumer preferences. (True / False)
25. Only large companies benefit from e-commerce. (True / False)
26. Retailers do not need to consider their target market. (True / False)
27. Advertising is a key aspect of retail trade. (True / False)
28. The barter system is based on mutual agreement. (True / False)
29. E-commerce transactions can happen anytime. (True / False)
30. Customers prefer products with good customer service. (True / False)

Part D: Fill in the Gaps Questions
Complete the following 30 fill-in-the-blank statements.

1. Commerce is the activity of buying and selling __________.
2. E-commerce takes place over the __________.
3. The barter system involves __________ goods for other goods.
4. Industrial occupations focus on __________ goods.
5. Primary production includes activities like __________.
6. Home trade occurs __________ a country.
7. Retail trade sells products in __________ quantities.
8. Market research helps businesses understand __________ needs.
9. A mobile shop is a __________ retail business.
10. The types of trade include home trade, __________ trade, and entrepot trade.
11. Retailers use __________ to attract customers.
12. E-commerce can help reduce __________ for businesses.
13. Customer service is important for building __________.
14. Small retailers often face __________ from larger stores.
15. Aids to trade include __________ services.
16. Understanding consumer behavior helps in __________ products.
17. One characteristic of retail trade is __________.
18. The main goal of customer service is to satisfy __________.
19. The retail trade includes both __________ and large stores.
20. Factors affecting commerce include __________ and technology.
21. E-commerce allows businesses to operate __________.
22. The term “entrepot trade” refers to __________.
23. Mobile shops often sell products __________.
24. The service sector is part of the __________ industry.
25. __________ can influence consumer buying behavior.
26. Businesses use __________ to reach potential customers.
27. Good customer service can lead to __________ sales.
28. The __________ system is one of the oldest forms of trade.
29. Trade can occur at __________ or international levels.
30. The primary sector focuses on the extraction of __________.

This examination is designed to evaluate your understanding of the topics covered during the first term in Commerce. Remember to do your best and stay honest throughout the process. Good luck!