cameroon gce O level June 2023 commerce 2

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 using 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 accounts 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 account.
(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 foreign 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)