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Form 1 Business Studies questions and answers model test paper 3
State four reasons why businesses exist in society
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Questions/Lessons on this topic:
1. Management, junior staff or support staff are categories of office staff. ,match the categories with the descriptions below a)facilitate cleaning of the working areas b)Offering guidance and leadership to other employees c)Performing general and specifics duties assigned to them d)Advising owners about the business ()
2. Outline four factors that influence the efficiency of human resources ()
3. Give four advantages of small scale retailers ()
4. Outline four features of a departmental store ()
5. State four contents of a quotation ()
6. Outline four causes of an overcharge of an invoice ()
7. Outline four advantages of using cash as a means of payment ()
8. Outline disadvantages of an enclosed office layout ()
9. Highlight four trends in office management ()
10. Mention four types of utility ()
11. Outline four ways by which business study benefits the society ()
12. Outline four ways by which a business uses its internal environment to ensure its success ()
13. Give a term to represent the statements below. i)Limited resources hence one cannot create enough goods and services ii)A decision to satisfy some wants due to limited resources iii)A list of unsatisfied wants in order of priority iv)The cost of satisfying a want in terms of forgone alternative ()
14. Highlight the characteristics of capital as a factor of production ()
15. Outline the differences between a)Producer goods and consumers goods b)Perishable goods and durable goods ()
16. Outline how a business plan is useful to an entrepreneur ()
17. Outline four factors considered in choice of an office layout ()
18. Give four reasons why supermarkets are popular in Kenya ()
19. Highlight four reasons that may lead to dishonoring of a cheque ()
20. Name four types of wholesalers ()
21. State four reasons why businesses exist in society ()
22. Identify the factor of production represented by: a)Jembe b)farmworkers c)Seeds d)Owner ()
23. State four factors considered when setting up a business. ()
24. Write the meaning of the following initials as used in business studies. a)C.W.O b)C.O.D c)I.O.U d)E&O.E ()
25. Name four parties to whom a business is responsible to ()
1. Management, junior staff or support staff are categories of office staff. ,match the categories with the descriptions below a)facilitate cleaning of the working areas b)Offering guidance and leadership to other employees c)Performing general and specifics duties assigned to them d)Advising owners about the business ()
2. Outline four factors that influence the efficiency of human resources ()
3. Give four advantages of small scale retailers ()
4. Outline four features of a departmental store ()
5. State four contents of a quotation ()
6. Outline four causes of an overcharge of an invoice ()
7. Outline four advantages of using cash as a means of payment ()
8. Outline disadvantages of an enclosed office layout ()
9. Highlight four trends in office management ()
10. Mention four types of utility ()
11. Outline four ways by which business study benefits the society ()
12. Outline four ways by which a business uses its internal environment to ensure its success ()
13. Give a term to represent the statements below. i)Limited resources hence one cannot create enough goods and services ii)A decision to satisfy some wants due to limited resources iii)A list of unsatisfied wants in order of priority iv)The cost of satisfying a want in terms of forgone alternative ()
14. Highlight the characteristics of capital as a factor of production ()
15. Outline the differences between a)Producer goods and consumers goods b)Perishable goods and durable goods ()
16. Outline how a business plan is useful to an entrepreneur ()
17. Outline four factors considered in choice of an office layout ()
18. Give four reasons why supermarkets are popular in Kenya ()
19. Highlight four reasons that may lead to dishonoring of a cheque ()
20. Name four types of wholesalers ()
21. State four reasons why businesses exist in society ()
22. Identify the factor of production represented by: a)Jembe b)farmworkers c)Seeds d)Owner ()
23. State four factors considered when setting up a business. ()
24. Write the meaning of the following initials as used in business studies. a)C.W.O b)C.O.D c)I.O.U d)E&O.E ()
25. Name four parties to whom a business is responsible to ()
