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Form 4 Business Studies paper 1 questions and answers model test paper 2
Form 4 Business Studies paper 1 questions and answers model test paper 2
Total of
21
Lessons
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1.
Define the following terms as used in business studies i)Economics ii)Entrepreneurship iii)Opportunity Cost iv)Scale of preference. (
)
2.
Highlight four reasons why food is an important basic need.(
)
3.
Outline four importance of warehouse to a consumer.(
)
4.
Outline four requirements for one start a limited liability company as one of the forms of business units(
)
5.
Highlight four factors a firm may take into account when deciding on the products to produce.(
)
6.
Highlight four ways in which entrepreneurs can observe ethics in the management of their business(
)
7.
The following information was extracted from the books of Agnes business enterprise for the year ended 30th june 2000 Capital as at 30th june 2000-640,000 Capital as at 1st july 1999-420,000 Drawing for the year-180,000 Net profit for the year-140,000 Determine the additional capital during the year.(
)
8.
Highlight four circumstances in which one may convey verbal communication.(
)
9.
Highlight the factors that may have caused the supply curve to shift rightward direction.(
)
10.
Outline four circumstances under which a trader may issue a credit note to a customer.(
)
11.
Give the difference between: a)Double and co-insurance b)Premiums and Surrender value(
)
12.
Highlight four advantages of indirect tax.(
)
13.
Highlight four ways in which an illegal political environment can impact negatively entrepreneurs(
)
14.
Highlight four duties of commercial attache’ in trade promotion(
)
15.
Identify the book of original entry each of the following transactions can be posted. i)Paid salaries by cheque ii)Returned goods to a supplier iii)Sold goods on credit iv)Bought delivery van on credit(
)
16.
Outline three factors that constitute leakages out of a circular flow of income(
)
17.
Outline four advantages of using celebrities in product promotion(
)
18.
Distinguish between the following terms of sale as used in international trade. a)Free on rail b)Free on board(FOB) c)In bond d)On nearest Offer (ONO) (
)
19.
Kenya is planning to extend her pipeline transport network. State four advantages of pipeline transport to the country(
)
20.
Outline four emerging issues in office management(
)
21.
Highlight four features of perfect competition market(
)
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