KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
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:
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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) Explain five benefits that a member country may get from economic integration.
Benefits that a member country may get from economic integration include:
Explain three factors that should be considered when choosing a means of transport.
Factors that should be considers in the choice of a means of transport include:
The following balances were extracted from the books of Kl00 Traders for the year ended 30th June 2008.
Additional information:
(i) Stock on 30th June 2008 was valued at shs 120,000. Prepare: (i) Trading, Profit and Loss accounts for the year ended 30th June 2008. (9 marks) (ii) Balance sheet as at 30th June 2008. (5 marks) Explain five ways of making face-to-face communication effective.
Ways of making face to face effective include:
Describe five principles that distinguish co-operative societies from other forms of business organizations.
Explain five negative effects that inflation may have on the economy of a country.
Commodities A and B are substitutes. Using two diagrams, explain how an increase in the supply of commodity A will affect the equilibrium price and quantity demanded of commodity B.​​Related Business Studies Quiz and Answers on Forms of Business Units Form 2 LevelThe diagram below represents the long-run equilibrium of a firm under monopolistic competition.Name the curves represented by the letters a, b, c, and d.
Name the curves represented by the letters a, b, c, and d.
(i) a is (ii) b is (iii) c is (iv) d is
The curves represented are:
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