Get premium membership and access revision papers with marking schemes, video lessons and live classes.
Form 3 Business Studies Paper 1 End of Term 3 Examination 2021
Class: Form 3
Subject: Business Studies
Level: High School
Exam Category: Form 3 End Term 3 Exams
Document Type: Pdf
Views: 939
Downloads: 15
Exam Summary
TUTORKE EXAMS
Name…………………………………………………………………. Adm No………………
School…………………………………………………………………Signature…………….
Date…………………………………………
BUSINESS STUDIES
PAPER 1 565/1
TIME: 2HRS END OF TERM 3 FORM 3
1. Mr. Odhiambo has started a Kiosk in Nambale Town. Outline FOUR functions that he will perform as the owner of the business. (4mks)
2. Outline four factors to be considered when choosing a method of reproducing documents in an office. (4mks)
3. State four characteristics of labor as a factor of production. (4mks)
4. Give FOUR differences between a public limited company and private limited company. (4mks)
5. State FOUR reasons why iterant traders are becoming increasing popular in Kenya. (4mks)
6. Given below is a cash book extracted from the books of accounts of Patel Enterprises. (4mks)
7. State FOUR reasons for increase in popularity of micro-finance institutions. (4mks)
8. A successful manufacturing firm has been constantly releasing toxic waste into a nearby river. Outline FOUR measures that consumers can take to stop the firm from such malpractices. (4mks)
9. Highlight FOUR disadvantages of using machines in an office. (4mks)
10. State FOUR factors that a person would consider when hiring a warehouse. (4mks)
11. State FOUR ways of determining the prices of commodities in the market. (4mks)
12. State whether each of the following transactions will increase, decrease or have no effect on balance sheet totals. (4mks)
13. Outline FOUR classifications of goods and services produced in an economy. (4mks)
14. Highlight four benefits that accrue to a country that has a very high population. (4mks)
15. Give four reasons why a company would continue advertising its products which are already
existing in the market. (4mks)
16. Give FOUR situations when oral communication may be used in an office. (4mks)
17. State FOUR uses of a business plan. (4mks)
18. Outline FOUR circumstances under which a manufacture would prefer to sell his products directly to consumers instead of selling through intermediaries. (4mks)
19. Highlight four features of bonded warehouses. (4mks)
20. Highlight FOUR factors that hinder expansion of railway transport in Kenya. (4mks)
21. Give FOUR roles of ethical practices in Business. (4mks)
22. Two following diagrams represent the circular flow of income between firms and household in an economy. Identify the flows labeled A, B, C and D and list them in the space provided. (4mks)
a) .......................................
b) ........................................
c) ......................................
d) ......................................
23. Mention FOUR circumstances under which an insurance company may re-insure. (4mks)
24. The following balances were extracted from the books of Kindaruma traders on 31st July, 2018.
Items Shs
Capital 500,000
Cash in hand 20,000
Buildings 200,000
Furniture 25,000
Motor vehicle 137,000
Creditors 18,000
Debtors 36,000
Bank 100,000
Required: Prepare a trial balance for Kindaruma traders as at 31st July 2018.
25. State FOUR features of indirect production. (4mks)
More Examination Papers