KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Outline four ways in which households contribute to national income of a country.
Ways in which households may contribute to national income of a country include:
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The table given below represents the supply schedule of sukuma wiki (kales) for eight weeks in the months of January and February 2009.
Outline four causes of the trend in the table. (4 marks)
Causes of the declining supply of sukuma wiki include:
a) On first January 2012, Ndovu Traders had shs 30,000 in cash and shs 75000 at the bank. During the month, the following transactions took place:
Prepare a duly balanced three column cash book. (12 marks) Expected ResponseState four benefits that a farmer may get by transporting produce to the market by road.
Benefits that a farmer may get by transporting her produce to the market by road include:
The information given below was extracted from the books of Amina Traders on 31st December 2006.17/12/2020 The information given below was extracted from the books of Amina Traders on 31st December 2006.
Ksh
The following balances were extracted from the books of Nafula Traders as at 31 December 2005.17/12/2020 The following balances were extracted from the books of Nafula Traders as at 31 December 2005.
On 2nd November 2006, Oromo received an invoice for Ksh 12,000. Terms of payment were trade discount 5% and cash discount 10%. if payment is made within 30 days.Determine the amount paid if payment was made on 28th November 2006.The following transactions were extracted from the books of Sarah Traders for the month of March 2006.
Outline four factors that may be considered when measuring the size of a firm.
Factors that may be considered when measuring the size of a firm include:
Outline four circumstances under which a co-operative society may be dissolved.
Circumstances under which a co-operative society may be dissolved include:
by Government order
Indicate the reward associated with each of the factors of production in the table below.16/12/2020 State four reasons why economic development is desirable to a country.
.Reasons why economic development is desirable to a country include:
Outline four reasons why countries may trade with each other.
Reasons why countries may trade with each other include:
List four sources of public finance.State four services offered by a commercial bank to its consumers.Outline four ways of reducing the level of unemployment in Kenya.
Ways of reducing the level of unemployment in Kenya include:
State three features of an insurable interest.
Features of insurable interest include:
Outline four malpractices by traders against which consumers may need protection by the government.16/12/2020 Outline four malpractices by traders against which consumers may need protection by the government.
Malpractices by traders against which consumers may need protection by the government include:
Outline four factors that should he considered before buying office equipment.Identify the types of wholesalers described in the statements given below:
(a) A wholesaler who trades in maize grain only.
Amina operates a fleet of Public Service Vehicles (PSVs).Explain five possible risks she can insure her business against.
Possible risks that Amina can insure her business against include:
Discuss five benefits that a customer may get by using Automated Teller Machines (ATMs) for financial transactions.
Benefits that accrue to a customer who uses Automat teller machine ATMs include:
Explain five factors that an entrepreneur would consider when evaluating a business idea.16/12/2020 Explain five factors that an entrepreneur would consider when evaluating a business idea.
Factors that an entrepreneur would consider when evaluating a business idea
include:
Discuss five problems that a country may face when measuring her national income using the output approach.
Problems that may be faced when measuring national income using the output approach include:
The information in the table below relates to product ZX whose unit price in the market is Shs 20.00.
(i) Determine total costs, total average costs, and marginal costs at each level of output. (8 marks)
(ii) Determine the units to be produced in order to maximize profits.(2 marks) |
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