KNEC Craft Certificate in Supply Chain Management Module 1 : Commerce Past Paper July 2019 Answers

Answers for KNEC Craft Certificate in Supply Chain Management Module 1 : Commerce Past Paper July 2019

Course Name:  Supply Chain Management
Also Done By:
Craft Certificate In Secretarial Studies
Craft Certificate In Business Management
Craft Certificate In Human Resource Management
Craft Certificate In Road Transport Management
Craft Certificate In Clerical Operations
Craft Certificate In Cooperative Management

Course Level:  Craft Certificate
Sub Level:       Module I
Course Unit:   Commerce
Exam body:    KNEC
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1.

State two ways in which consumers may protect themselves from exploitation by traders ()

2.

List two fire insurance policies ()

3.

State four factors that a trader should consider before taking a bank loan ()

4.

State three features of mail order stalls ()

5.

State three disadvantages of buying goods on hire-purchase terms ()

6.

State four functions of an entrepreneur as a factor of production ()

7.

State three M-banking services offered by banks to account holders ()

8.

List the information that is contained in a charter party in relation to water transport ()

9.

List four types of private warehouses ()

10.

State four factors that have contributed to the rapid growth of savings and credit co-operative societies in Kenya ()

11.

Explain six roles played by trade in the economy of a country ()

12.

Explain four advantages that a company may get from being quoted at the securities exchange market. ()

13.

Give six reasons why some traders prefer to use matatu transport ()

14.

Outline four ways in which a large-scale maize farmer would benefit from warehousing ()

15.

Outline six circumstances under which a limited liability company may be dissolved ()

16.

Explain four benefits of carrying out business activities through E-commerce ()

17.

Outline six ways in which the Central Bank regulates the activities of the commercial banks. ()

18.

Explain four benefits of government involvement in business activities in a country ()

19.

Give six reasons why a country may find it necessary to control the volume of its imports ()

20.

Explain four advantages of indirect production ()