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Form 1 Business Studies questions and answers model test paper 3

Name four parties to whom a business is responsible to

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Explanation/Answer Text:

-To the customers
-To the Government
-To the community
-To the suppliers

Questions/Lessons List

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 ( free lesson)

2. Outline four factors that influence the efficiency of human resources ( free lesson)

3. Give four advantages of small scale retailers ( free lesson)

4. Outline four features of a departmental store ( free lesson)

5. State four contents of a quotation ( free lesson)

6. Outline four causes of an overcharge of an invoice ( free lesson)

7. Outline four advantages of using cash as a means of payment ( free lesson)

8. Outline disadvantages of an enclosed office layout ( free lesson)

9. Highlight four trends in office management ( free lesson)

10. Mention four types of utility ( free lesson)

11. Outline four ways by which business study benefits the society ( free lesson)

12. Outline four ways by which a business uses its internal environment to ensure its success ( free lesson)

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 ( free lesson)

14. Highlight the characteristics of capital as a factor of production ( free lesson)

15. Outline the differences between a)Producer goods and consumers goods b)Perishable goods and durable goods ( free lesson)

16. Outline how a business plan is useful to an entrepreneur ( free lesson)

17. Outline four factors considered in choice of an office layout ( free lesson)

18. Give four reasons why supermarkets are popular in Kenya ( free lesson)

19. Highlight four reasons that may lead to dishonoring of a cheque ( free lesson)

20. Name four types of wholesalers ( free lesson)

21. State four reasons why businesses exist in society ( free lesson)

22. Identify the factor of production represented by: a)Jembe b)farmworkers c)Seeds d)Owner ( free lesson)

23. State four factors considered when setting up a business. ( free lesson)

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 ( free lesson)

25. Name four parties to whom a business is responsible to ( free lesson)

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