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KCSE business studies paper 1 revision questions and answers set 4

Lessons (23)

1. The table below describes some terminologies used in Business studies.identify the terms given to each statement. a)Activities carried out with a view of making profit b)Increasing the usefulness of goods or services c)Movement of goods from producers to consumers d)A person who uses a good or a service
2m 2s
2. State four factors that an entrepreneur would consider before investing in a business opportunity
3m 10s
3. Outline four measures that may be taken by an office to safeguard the property of the organization.
1m 41s
4. Outline four features of departmental store
1m 46s
5. Outline four contents of the articles of association as a document required by registrar of companies
1m 31s
6. State four reasons why consumers need protection from unscrupulous traders
1m 54s
7. One of the flagship projects by the Kenyan Government is LAPSSET and standard Gauge Railway (SGR). Outline four benefits of the new railway line to the Kenyan economy
2m 20s
8. Highlight four limitations of a siren as a means of communication
1m 10s
9. State four benefits of bonded warehouse to the government
1m 43s
10. Give any four contents of cover note
1m 26s
11. The descriptions stated below refer to various methods of advertisements. For each description, give the method that best matches it. a)Any mention of a person/firm or product in the mass media b)Presentation of a commodity to the prospective buyers , face to face by sales person with an aim of making sales c)Process of information with a view of creating, promoting or maintaining good will and
2m 36s
12. Identify what is represented by the letters W,X,Y and Z in the diagram below
1m 50s
13. The table below shows the growth rate of gross domestic product (GDP) of a certain country for two years 2003-6.5% 2005-2.0% Highlight four circumstances under which the standards of living of the citizens of the country referred to above may not necessarily have been lower in 2005 than 2003
3m 3s
14. Outline four features of a monopoly market structure
1m 25s
15. Highlight four reasons why many governments discourage localization of firms
4m 37s
16. Giving an example in each case, define the following terms
1m 23s
17. A resource is something that is used by a business to achieve an objective. Identify four resources available in a business
0m 52s
18. Highlight four merits of current account to the account holder
1m 47s
19. Outline four reasons why the government may impose trade restrictions on her trading activities.
3m 39s
20. The following transactions were carried out by ushirika stores during the month of july 2012. July 1: started a business with sh 10,000 in cash July 2: Opened a bank account for the business by depositing sh 20000 from personal saving July 10: bought goods worth sh. 10,000 and paid by cheque July 20: sold goods worth sh. 20,000 which were paid by cheque Task: Record the above transactions in the
13m 53s
21. Outline four causes of cost-push inflation in any country
1m 10s
22. Highlight four reasons why the Kenyan government impose tax.
1m 43s
23. Identify four goals of development
1m 46s

KCSE business studies paper 1 revision questions and answers set 4

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