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Form 1 Business Studies End of Term 1 Exams 2021

Class: Form 1

Subject: Business Studies

Level: High School

Exam Category: Form 1 End Term 1 Exams

Document Type: Pdf

    

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Exam Summary



TUTORKE EXAMS
Name……………………………………………………………. Adm No………………
School……………………………………………………………Signature…………….
Date…………………………………………

BUSINESS STUDIES
TIME: 2 HRS
END-TERM 1 FORM 1 (70 MARKS)

1. State the term given to each of the following statements: (4 mks)

a) Activities carried out with a view of making profit

b) Increasing the usefulness of a good or service

c) (c ) Movement of goods from producers to consumers

d) A person who uses a good or service

2. Highlight any four reasons why people start businesses (4 mks)


3. Below are some factors that affect a business environment. State the business environment affected by each factor ( indicate micro or macro ) (4mks)
FACTOR ENVIRONMENT
a Economic issues
b Technological Issues
c Marketing capacity
d Business structure

4. Highlight four benefits of business studies to a learner. (5mks)


5. Distinguish between the following terms.
(a) Comforts and luxuries (2mks)

(b) Human resources and man-made resources. (2mks)

(c ) Renewable resources and Non-renewable resources (2mks)

6. Outline four ways in which Kenya can use her natural resources economically for maximum benefit. (4 Marks)


7. Classify the following human wants as either basic or secondary. (6mks)
Need Classification
(i) Security
(ii) Medical care
(iii) Shelter
(iv) Love
(v) Food
(vi) Education

8. State FOUR reasons why basic wants must be satisfied first before secondary wants (4mks)


9. Highlight FOUR characteristics of free resources (4mks)


10. Name five characteristics of human wants. (5 marks)


11. Classify the following resources as either renewable or non-renewable. Wood, building stone, coal, wool, silk, gravel, soda ash and Iron. (4mks)
RENEWABLE
(i)
(ii)
(iii)
(iv)
NON-RENEWABLE


12. Define the following terms as used in Business Studies. (4marks)
(i) Extraction

(ii) Processing

(iii) Manufacturing

(iv) Trade

13. Suggest four ways that can be taken to improve human resource (4mks)


14. State four reasons why choice should be made in satisfying human wants. (4mks)


15. State four factors that may limit an individual’s ability to satisfy his basic human wants. (4Mks)


16. Give four differences between goods and services (4 mks)

 

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