Form 1 Business Studies questions and answers model test paper 2

Give four differences between goods and services

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Explanation/Answer Text:
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Questions/Lessons List

1. Give four characteristics of an entrepreneur. ( free lesson)


2. State four disadvantages of specialization of work. ( free lesson)


3. Outline four ways in which the utility of a product may be improved ( free lesson)


4. Highlight four services of retailers to consumers ( free lesson)


5. State four trends in modern office management ( free lesson)


6. Name five categories of groups that a business is socially responsible to. ( free lesson)


7. State four types of business activities ( free lesson)


8. Outline four characteristics of human wants. ( free lesson)


9. Give four advantages of using office machines ( free lesson)


10. State four reasons why a business plan is important ( free lesson)


11. List four factors of production and their rewards ( free lesson)


12. Stephen started a business but after six months the business collapsed. Give four reasons that may account for this failure. ( free lesson)


13. State two examples of the following a) Basic wants b) Secondary wants ( free lesson)


14. Outline four advantages of itinerant traders. ( free lesson)


15. Name four sources of business ideas ( free lesson)


16. Outline four advantages of an enclosed office layout ( free lesson)


17. State any four features of indirect production ( free lesson)


18. Highlight four disadvantages of using a computer in the office ( free lesson)


19. State the term given to each of the following statements. a)Activities carried out with a view of making profit b)Increasing the usefulness of goods and services c)A person who uses goods or services d)Study of how human beings strive to satisfy their endless wants using scarce economic resources ( free lesson)


20. State four ways in which consumers are exploited ( free lesson)


21. Highlight four factors one should consider when selecting office equipment ( free lesson)


22. Give four differences between goods and services ( free lesson)


23. Explain four factors of an electronic filing system ( free lesson)


24. Define the following terms as used in business studies a)Internet b)Intranet c)Website d) Teleconferencing ( free lesson)


25. Outline four benefits that hawkers may have over shopkeepers ( free lesson)