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<=KNEC Craft Certificate in Human Resource Management Module 1: Commerce past paper November 2018
Name two classifications of trade.
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Questions List:
1.
List three characteristics of a nominal partner.
2.
Give three reasons why some traders do not take insurance policies.
3.
State three advantages of locating bonded warehouses at the points of entry into a country.
4.
Name two classifications of trade.
5.
State four ways in which the utility of a commodity may be created.
6.
State two disadvantages of using air transport to deliver goods.
7.
List three functions of the Kenya Bureau of Standards.
8.
Give four reasons why a trader may decide to keep his money in a fixed deposit account.
9.
State four merits of buying goods on hire-purchase terms.
10.
State four advantages of operating market stalls.
11.
Explain six services offered to retailers by wholesalers.
12.
Outline four factors that a trader should consider before taking a loan from a commercial bank.
13.
Outline six factors that have contributed to the growth of commerce.
14.
Explain four advantages of operating a partnership business
15.
Explain six ways in which manufacturers can enhance consumer protection.
16.
Explain four benefits that a company can get if its shares are quoted at the securities exchange market.
17.
Explain six reasons why a country may prefer to transport petroleum products by pipeline.
18.
Explain six benefits of labour specialization in production.
19.
Outline four circumstances under which a businessman may choose to hire a warehouse rather than build his own.