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Form 1 Business Studies questions and answers model test paper 1

State the rewards of each of the following factors of production;
I)Land
ii)Labour-
iii)Capital
iv)Entrepreneurship

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Explanation/Answer Text:
I)Land – rent/royalties
ii)Labour- wages/salaries/commission/fees
iii)Capital –interest
iv)Entrepreneurship- profit/loss
Questions/Lessons List

1. List four disciplines that make up business studies. ( free lesson)

2. Name whether the following is internal or external environment of a business. ( free lesson)

3. Identify the types of goods described below: i)Goods demanded for final or direct use by the buyer ii)Goods demanded for production of other goods ( free lesson)

4. List four benefits that a subsistence producer may get by participating in trade ( free lesson)

5. Give five reasons why a household come up with a scale of preference ( free lesson)

6. State the rewards of each of the following factors of production; I)Land ii)Labour- iii)Capital iv)Entrepreneurship ( free lesson)

7. Give four factors which affect productivity of labour ( free lesson)

8. State four benefits of entrepreneurship to the economy ( free lesson)

9. Outline four reasons why office documents should be filed in ( free lesson)

10. Below are some functions of the following departments in an organization production, marketing, purchasing and personnel. Identify the departments described i) Mantains a good relationship between the customers and the organization ii) Controls the use of machines, materials and labour iii) Enhances a good relationship among employees iv) Mantains a record of the supplies ( free lesson)

11. List four examples of retailers without shops ( free lesson)

12. Define the following terms a)chain stores b)Departmental stores c)Hypermarkets d)Supermarkets ( free lesson)

13. Identify the types of wholesalers described below: i)deals with a wide range of goods of a given line of products. ii)Deals in a particular good from a given line of products iii)Deals in a wide range of products iv)Specialises in selling to other specialized wholesalers ( free lesson)

14. State four functions of a retailer to a consumer ( free lesson)

15. Outline the various reprographic techniques that can be used in an office ( free lesson)

16. Identify the best type of machine one would use to perform the following tasks a)To create postage impressions on envelopes b)To fold documents put them in an envelope and seal them c)To destroy sensitive but unwanted documents d)To store large volume of data e)To trim papers to the required size ( free lesson)

17. Identify fives causes of business success ( free lesson)

18. Identify the types of utilities described below a)Changing raw materials into finished goods b) Transporting goods closer to the consumer c)Changing the ownership of a good from the producer through to the consumer d)Storing goods in a warehouse and releasing them for use at the time they are needed ( free lesson)

19. Give four advantages of an open office layout ( free lesson)

20. Classify the following as either basic or secondary wants. i)Shelter ii)Education iii)A car iv)Food ( free lesson)

21. Outline four characteristics of services. ( free lesson)

22. Indicate whether the following resources are renewable or non-renewable a)soda ash b)Gold-Non c)Solar energy d)Gas e)Wind energy ( free lesson)

23. Identify four characteristics of an entrepreneur ( free lesson)

24. Identify the types of small scale retailers described below i)Its operations are guided by the host institution ii)Commonly found in residential areas iii)Sell goods of one manufacturer iv)Operate at busy places such as bus stops, entrances to public buildings among others. ( free lesson)

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