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Form 3 Business Studies Paper 1 End of Term 2 Exams 2021

Class: Form 3

Subject: Business Studies

Level: High School

Exam Category: Form 3 End Term 2 Exams

Document Type: Pdf

    

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Exam Summary


BUSINESS STUDIES
PAPER 1 565/1
TIME: 2HRS END-TERM 2 FORM 3

Answer ALL questions in the spaces provided

1. State four challenges that a business without a plan will encounter in its operations (4mks)
a)
b)
c)
d)
2. An entrepreneur may spot a gap in the market which may be converted into a business idea Identify four such gaps (4mks)
a)
b)
c)
d)
3. List down four trends in business ownership (4mks)
a)
b)
c)
d)
4. Outline four differences between Direct production and Indirect production (4mks)
Capture.JPG

5. The following balances were extracted from the books of Kariuki traders on 31st March 2018
Capture2.JPG
Determine the networth of the business as at 31st March 2018 (4mks)


6. Highlight four similarities between a bill of exchange and a promissory note (4mks)
a)
b)
c)
d)
7. State any four types of journals (4mks)
a)
b)
c)
d)
8. Outline four ways of solving unemployment (4mks)
a)
b)
c)
d)
9. Outline four demerits of using pipeline to transport petroleum products (4mks)
a)
b)
c)
d)
10. Raymond traders had the following balances as at 6thJanuary 2012 4 marks
Capture2.JPG
Required; A trial balance as at 6thJanuary 2012


11. Outline four differences between insurance and assurance (4mks)
Capture3.JPG


12. Give four ways in which consumers benefit from advertising (4mks)
a)
b)
c)
d)
13. State four features of monopolistic competition (4mks)
a)
b)
c)
d)
14. Outline four requirements for one to start a limited liability company as one of the forms of business units (4mks)
a)
b)
c)
d)
15. State four characteristics of chain stores type of retail business (4mks)
a)
b)
c)
d)
16. Identify the type of communication described below (4mks)
Capture4.JPG


17. Highlight four reasons why E-mail is increasingly becoming popular as a means of communication (4mks)
a)
b)
c)
d)
18. Give four implications of a declining population (4mks)
a)
b)
c)
d)
19. Highlight four items that affect the asset stock (4mks)
a)
b)
c)
d)
20. Classify the following accounts into personal, private, real or nominal (4mks)
Capture5.JPG

21. State four factors that may causes the demand of a commodities to increase (4mks)
a)
b)
c)
d)
22. Omolo insured his house worth sh 5,000,000 for sh 4,000,000 His house was damaged by fi re to the tune of sh 3,000,000 Calculate how much Omolo was compensated (4mks)
a)
b)
c)
d)
23. Identify any four Trade malpractices that consumers need protection against (4mks)
a)
b)
c)
d)
24. Outline four circumstances under which vertical downwards communication would be appropriate in an organization (4mks)
a)
b)
c)
d)
25. State four types of capital in a business (4mks)
a)
b)
c)
d)

 

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