LES VAINQUEURS BILINGUAL SCHOOL COMPLEX
( SCHOOL YEAR : 2022-2023 ).
Evaluation N- :…5………… Class :…………………FORM 3………………
Duration :… Coefficient :……………5…………..
1:30…………………………..
Subject :……COMMERCE…………………………………………………………….
SECTION A: MCQS
1. _________________________ occupation engages in th physical production of goods or
changing of raw materials into finished or semi finished goods.
a. Service b. manufacturing c. commercial d. constructive
2. _____________________ of commerce is seen as embracing the totality of distribution and
exchange of goods and services.
a) Scope b) function c) characteristics d) specialization
3. In the olden days, ______________ was used as a means of transportation.
a) Carmel b) jeep c) tricycle d) truck
4. The type of specialization where individuals or firms concentrate their production on one type of
production is called______________________
a) Specialization by process c) specialization by sex
b) Specialization by production d) geographical or territorial specialization
5. Occupation can be classified into the following except
a) Trade b) services c) commercial d) industry
6. The purchas an sale of good over electronic system is ______
a) e-payment b) e- commerce c) e-mail d) e-transfer
7. which of the following does not belong to the extractive occupation
a) quarrying b) carving c) mining d) agriculture
SECTION B: Structural questions
1. define the following terms as used in commerce
i) unlimited
liability___________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
ii) joint stock
companies_________________________________________________________________
_________________________________________________________________________
________________________________________________________________________
iii) unincorported business
units_____________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
iv) deed of partnership
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
v) Private limited
company__________________________________________________________________
_________________________________________________________________________
vi) Public limited
company__________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
vii) Memorandum of association
_________________________________________________________________________
_________________________________________________________________________
viii) A share
_________________________________________________________________________
_________________________________________________________________________
ix) Share
certificates________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
x) Ordinary
shares____________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
xi) State four differences between public limited companies and partnership ( 2 marks)
xii) Alice and Bob are in partnership, they agreed to share profits and losses in a 60:40 ratio
based on their capital contributions. Partnership revenue: 100,000frs, partnership
expenses: 60,000frs, Alice’s capital contribution: 50,000frs, Bob’s capital contribution:
30,000frs.
i) Calculate each partner’s profit (2 marks )
ii) Calculate each partner’s loss ( 2 maks)
Bonus question: What are the names of the Principal of Les Vainqueurs Bilingual
Complex.
GOOD LUCK
BY BAWACK JACKY
