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<=KNEC Craft Certificate in Supply Chain Management Module 1 : Commerce Past Paper July 2019
State four functions of an entrepreneur as a factor of production
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Questions List:
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
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
