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<=KNEC Craft Certificate in Human Resource Management Module 1: Commerce past paper November 2018
Explain six benefits of labour specialization in production.
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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.
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.
