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Form 3 business studies revision questions and answers set 1
Explain the following in relation to bill of exchange
a)Discounting
b)Maturity date
c)Acceptor
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1.
Highlight four features of land as a factor of production
2.
Outline four circumstances under which business organization would hire rather than purchase an office machine
3.
State four factors that may limit an individuals ability to satisfy his/her basic wants
4.
Outline four measures an entrepreneur should take to ensure a conducive internal environment for his business
5.
Highlight ant four reasons why a trial balance may not balance
6.
The diagram below shows a supply curve SoSo and S1S1 Highlight four factors to account for the above shift
7.
Explain the following in relation to bill of exchange a)Discounting b)Maturity date c)Acceptor
8.
State four requirements necessary to secure a loan from the saccos
9.
Outline four ways in which nature of goods influence the channel of distribution
10.
Highlight four problems faced by the government in measuring national income
11.
Highlight four circumstances under which goods may delay in the bonded warehouse
12.
Highlight four ways a trader benefits from localization of industries
13.
State the documents used in each of the following purposes a)To inform the customer that the account has been reduced b)Contains a summary of transactions for a specified period of time between a seller and the buyer c)To ask a dealer to supply specific goods To inform a customer that the account has been increased
14.
The following trial balance was incorrectly prepared Mwende traders Trial balance As at 31st December,2015 Task: prepare a correct trial balance
15.
The following are special delivery services provided by the post office: Post restante, speed post,business reply service and express delivery. Match each description with the term a)The arrangement to deliver the mail of senders post office b)The arrangement to deliver the mails to the addresses post office c)Services offered to travelers who wish to receive correspondence while away from home
16.
Outline any four reasons that account for the popularity of motor bikes as a means of transport
17.
Give four measures being used by the government to attract foreign investors
18.
Highlight four limitations of consumer initiated methods of consumer protection.
19.
The following information relates to Buda traders Capital on 1st jan 2015 sh 700000 Drawing during the year sh 80000 Investments during the year sh 460 000 Capital on 31 st December 2015 sh. 900000 Required: determine the net profit or net loss of the business
20.
Outline four characteristics of oligopoly market
21.
Outline five positive implications of high population growth rate in the country
22.
Give four situations under which insurance policy may be terminated
23.
Airtel mobile company is running “Angulia million promotion”. Highlight four benefits of this method of advertising
24.
An entrepreneur may spot a gap in the market which may be converted into a business idea Identify four such gaps
25.
Outline five differences between a public limited company and a public corporation
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