KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
The manager of Tasa Limited constantly walks around various departments. State four merits of this style of management.
Merits of Management by Walking around (MBWA) include:
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State the meaning of the following terms of sale as used in international trade:LOCO,C.I.F,F.A.S and F.O.Q
Terms of sale as used in international trade.
Give two reasons why a three column cashbook is used both as a journal and a ledger.
Give two reasons why a three column cashbook is used both as a journal and a ledger.
The balances given below relate to Enotika Traders for the year ended 31st December 2008.15/12/2020 The figure below shows a shift in the supply curve of a given commodity.
Shs
The figure below shows a shift in the supply curve of a given commodity.
Outline four factors that may have caused the shift in the supply curve from S0 to S1.
Factors that may have caused the shift in supply include:
PQ Ltd had the following balances as at 31st December 2012.
Prepare PQ’s Trading Account for the year ended 31st December, 2012. (5 marks)
Expected ResponseName the types of warehouses associated with each of the statements given below:
Types of warehouses referred to are:
Give five reasons why the government may find it necessary to start a parastatal.
Reasons why the government may find it necessary to start a parastatal include:
Positive implications of a youthful population to an economy
Positive implications of a youthful population to an economy include:
The following information relates to Kiboko Traders as at 31st December 2010.
Calculate Kiboko’s initial capital. (3 marks)
Expected ResponseIn the spaces provided below, indicate the type of utility created by each of the following commercial activities:
Type of utility created in each case is:
Merits of promoting products through personal selling
Merits of promoting products through personal selling include:
Reasons for which businesses should observe ethical practices
Reasons for which businesses should observe ethical practices include:
Factors in the internal environment that may influence the business
Factors in the internal environment that may influence the operations of a matatu business include:
Lunga, a sole trader, does not keep a complete set of accounting records. Information extracted from the records are as follows
Additional information:
(i) Interest charged on debtors overdue accounts amounted to Kshs 2,000 (ii) Bad debts written off amounted to Kshs 4,200 Prepare trading, profit and loss account for the year ended 31 December 2007 (10 mks) The following table represents the price and quantity of a commodity
Characteristics of Under-Developed Countries/Nations
Characteristics of underdevelopment that are common among countries in Africa, Latin America and Asia include:
Malamu Traders had the following balances s at 31 December 2008
Prepare:
(a) Profit and loss account for the year ended 31 December 2008 (b) Balance sheets as at 31 December 2008 ( 12 mks)
Levels of inflation are:
Explain four services that the central Bank of Kenya may offer as a Banker to commercial banks15/12/2020 Explain four services that the central Bank of Kenya may offer as a Banker to commercial banks
Services that the central Bank of Kenya may offer as a Banker to commercial banks
The following transactions relate to Jelimo Stores:
Expected ResponseAnalyze the following document issued by Sheikh Traders
Analyze the following document issued by Sheikh Traders
Required: (i) Name the document above (ii) Calculate the amount paid for the goods, if the debtor paid on 28th October 2008 (iii) Determine the net profit of the business if transaction (ii) above was Kshs 120.400 and the debtor paid for the goods on 15th November 2008 Using a diagram, explain the circular flow of income in a two sector economy
a)using a diagram, explain the circular flow of income in a two sector economy.
House holds supply their resources (factors of provision) to various types of businesses and receive payment on the form of rent, wages and profit On the other hand, businesses sell finished products to household and households pay for the goods and services received Disadvantages of barter trade
Disadvantages of barter trade include:
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