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Business Studies Paper 1 Form 4 End of Term 1 Examination 2021
Class: Form 4
Subject: Business Studies
Level: High School
Exam Category: Form 4 End Term 1 Exams
Document Type: Pdf
Views: 609
Downloads: 14
Exam Summary
TUTORKE EXAMS
Name…………………………………………………………………. Adm No………………
School…………………………………………………………………Signature…………….
Date…………………………………………
BUSINESS STUDIES
PAPER 1 565/1
TIME: 2HRS
END-TERM 1 FORM 4
1. Identify four features of economic resources. (4 marks)
(a)
(b)
(c)
(d)
2. State four services rendered by a wholesaler to a retailer. (4 marks)
(a)
(b)
(c)
(d)
3. Outline four circumstances under which hire purchase may be used to acquire goods.
(a)
(b)
(c)
(d)
4. The descriptions stated below refer to various methods of product promotion. For each description give the method that best matches it. (4 marks)
5. State four goals of development in a country. (4 marks)
(a)
(b)
(c)
(d)
6. Highlight four ways in which monopoly differs with perfect competition. (4 marks)
(a)
(b)
(c)
(d)
7. Outline four functions of a wholesaler. (4 marks)
(a)
(b)
(c)
(d)
8. The following balances of assets and liabilities were provided by safari merchants as at 31/12/2015
The business had drawings amounting to Shs.20,000 during the year.
Prepare a balance sheet to determine the net worth of the year. (4 marks)
9. Indicate whether the following taxes are direct or indirect. (4 marks)
10. Highlight four methods the government uses to protect consumers. (4 marks)
(a)
(b)
(c)
(d)
11. State four benefits that people from your area may benefit from business enterprise. (4 marks)
(a)
(b)
(c)
(d)
12. Highlight four disadvantages to the manufacturer if wholesalers are eliminated from the chain of distribution. (4 marks)
(a)
(b)
(c)
(d)
13. Highlight four demerits of newspapers as a means of advertising. (4 marks)
(a)
(b)
(c)
(d)
14. Juma Munyasia sells all his goods at 25% above costs. His books gave the following information as at 31st December 2015.
Calculate the profit made by Munyasia. (4 marks)
15. Globalization is a term often used to denote business ownership and trend. Outline four merits of globalization of business units. (4 marks)
(a)
(b)
(c)
(d)
16. Outline four reasons why a new business may fail. (4 marks)
(a)
(b)
(c)
(d)
17. Outline four ways in which commercial banks facilitate transferring of money from one place to another. (4 marks)
(a)
(b)
(c)
(d)
18. Write down the international trade documents that relate to each of the following statements. (4 marks)
19. Highlight four factors that determine the size of a firm. (4 marks)
(a)
(b)
(c)
(d)
20. Outline four benefits of pooling of risks. (4 marks)
(a)
(b)
(c)
(d)
21. Outline four circumstances under which the per capita income statistics would be a good indicator of the welfare of the country. (4 marks)
(a)
(b)
(c)
(d)
22. For each of the following transactions indicate in the appropriate column the source documents and the books of original entry in which the transactions should be recorded. (4 marks)
23. State four errors that do not affect the agreement of a trial balance. (4 marks)
(a)
(b)
(c)
(d)
24. Outline four circumstances under which verbal communication would be preferred to written communication. (4 marks)
(a)
(b)
(c)
(d)
25. The following assets and liabilities belong to Jacky’s stores as at 31st March 2005. Buildings Shs.200,000, debtors Shs.8,000, creditors Shs.32,000, stock Shs.24,000, cash at bank Shs.120,000, cash in hand Shs.40,000, loan from HFCK Shs.100,000 and capital Shs.260,000.
Prepare a balance sheet as at 15th April 2005. (4 marks)
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