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Business Studies Form 3 Mid Term 2 Examination 2019 Version 1
Class: Form 3
Subject: Business Studies
Level: High School
Exam Category: Form 3 Mid Term Exams
Document Type: Pdf
Views: 694
Downloads: 2
Exam Summary
Business Studies Form 3 Mid Term 2 Examination 2019 Version 1
This file contains questions and the Marking scheme in it. Below is a preview of the questions
Answer ALL the questions in the spaces provided.
1. The law of demand states that ‘Other things being equal, a fall in price will lead to an increase in quantity demanded .’Highlight any Four circumstances under which this law may not hold. (4 mks)
2.Limited companies are Large Organizations which attract large profits. However these undertakings are still not popular in Kenya and sole proprietorship seems to be more popular. Give four reasons to explain this (4mks)
3.Outline any four features of a fixed deposit account. (4mks)
4.The main objective of commerce is profit maximization. Highlight any four ways in which businesses can achieve this objective.(4mks)
5.Give any four reasons why the government would need to train businessmen. (4mks)
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