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Form 4 Business Studies paper 1 questions and answers model test paper 4
State four reasons why consumers need protection from unscrupulous traders
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Questions/Lessons on this topic:
1.
The information below describes some terminologies used in Business studies.identify the terms given to each statement. a)Activities carried out with a view of making a profit b)Increasing the usefulness of goods or services c)Movement of goods from producers to consumers d)A person who uses a good or a service (
)
2.
State four factors that an entrepreneur would consider before investing in a business opportunity (
)
3.
Outline four measures that may be taken by an office to safeguard the property of the organization. (
)
4.
Outline four features of departmental store (
)
5.
Outline four contents of the articles of association as a document required by registrar of companies (
)
6.
State four reasons why consumers need protection from unscrupulous traders (
)
7.
One of the flagship projects by the Kenyan Government is LAPSSET and standard Gauge Railway (SGR). Outline four benefits of the new railway line to the Kenyan economy (
)
8.
Highlight four limitations of a siren as a means of communication (
)
9.
State four benefits of bonded warehouse to the government (
)
10.
Give any four contents of cover note (
)
11.
The descriptions stated below refer to various methods of advertisements. For each description, give the method that best matches it. a)Any mention of a person/firm or product in the mass media b)Presentation of a commodity to the prospective buyers , face to face by sales person with an aim of making sales c)Process of information with a view of creating, promoting or maintaining good will (
)
12.
The table below shows the growth rate of gross domestic product (GDP) of a certain country for two years 2003-6.5% 2005-2.0% Highlight four circumstances under which the standards of living of the citizens of the country referred to above may not necessarily have been lower in 2005 than 2003 (
)
13.
Outline four features of a monopoly market structure (
)
14.
Highlight four reasons why many governments discourage localization of firms (
)
15.
Giving an example in each case, define the following terms i)Long term liability ii)Current assets (
)
16.
A resource is something that is used by a business to achieve an objective. Identify four resources available in a business. (
)
17.
Highlight four merits of current account to the account holder (
)
18.
Outline four reasons why the government may impose trade restrictions on her trading activities. (
)
19.
Outline four causes of cost-push inflation in any country (
)
20.
Highlight four reasons why the Kenyan government impose tax. (
)
21.
Identify four goals of development (
)