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Form 4 Business Studies paper 1 questions and answers model test paper 2

Highlight four reasons why food is an important basic need.

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Explanation/Answer Text:
-It reduces the effect of hunger
-It is a source of important minerals for bodybuilding
-Protects the body against diseases
-Provides the body with warmth
Questions/Lessons List

1. Define the following terms as used in business studies i)Economics ii)Entrepreneurship iii)Opportunity Cost iv)Scale of preference. ( free lesson)

2. Highlight four reasons why food is an important basic need. ( free lesson)

3. Outline four importance of warehouse to a consumer. ( free lesson)

4. Outline four requirements for one start a limited liability company as one of the forms of business units ( free lesson)

5. Highlight four factors a firm may take into account when deciding on the products to produce. ( free lesson)

6. Highlight four ways in which entrepreneurs can observe ethics in the management of their business ( free lesson)

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. ( free lesson)

8. Highlight four circumstances in which one may convey verbal communication. ( free lesson)

9. Highlight the factors that may have caused the supply curve to shift rightward direction. ( free lesson)

10. Outline four circumstances under which a trader may issue a credit note to a customer. ( free lesson)

11. Give the difference between: a)Double and co-insurance b)Premiums and Surrender value ( free lesson)

12. Highlight four advantages of indirect tax. ( free lesson)

13. Highlight four ways in which an illegal political environment can impact negatively entrepreneurs ( free lesson)

14. Highlight four duties of commercial attache’ in trade promotion ( free lesson)

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 ( free lesson)

16. Outline three factors that constitute leakages out of a circular flow of income ( free lesson)

17. Outline four advantages of using celebrities in product promotion ( free lesson)

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) ( free lesson)

19. Kenya is planning to extend her pipeline transport network. State four advantages of pipeline transport to the country ( free lesson)

20. Outline four emerging issues in office management ( free lesson)

21. Highlight four features of perfect competition market ( free lesson)

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