KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
The average consumer price for a 500g container of cooking fat for various years is shown in the table below.
Calculate the consumer price index using year 2000 as the base year
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The following information related to Kerubo Traders for the year ended 31 December,2006. Prepare Trading profit and Loss Account for the year ended 31 December, 2006.
Prepare Trading profit and Loss Account for the year ended 31 December, 2006. (5mks)
Identify the book of original entry used in recording each of the following transactions of Soya Traders.
Outline four benefits to abusiness that uses its own warehouse.
Benefits to a business for using its own warehouse include
On 1 January 2006, Mzalendo Traders sh.180000 in cash and sh.170000 at bank.During the month, the following transactions took place:
2006
January 10 paid ABM Traders sh.25, 000 by cheque less sh.1000 Cash discount. 16 Sold goods for sh. 14,000 cash, less 5% discount 31 Banked all the cash except sh.5200 Enter the above transactions in cash book extract given below and balance it off.(5mks) State four circumstances under which air transport may be used to ferry goods
State four circumstances under which air transport may be used to ferry goods (4mks)
The following diagram represents equilibrium position of a firm under perfect competition.11/12/2020 The following diagram represents equilibrium position of a firm under perfect competition.
Label the parts represented by the letters a,b,c, and d
The following are some of the documents used in home trade: Cash sale receipt, catalogue, invoice and statement of account. Match each document with the appropriate description provided in the table below.
The following are some of the accounts available to customers in the Kenyan banking industry: Current account, savings account and Fixed deposit account. Give the account that corresponds to each of the descriptions given below.
Outline four negative effects of an ageing population to an economy.
Outline four negative effects of an ageing population to an economy. (4mks)
State four ways in which production activities may negatively impact on community health.11/12/2020 State four ways in which production activities may negatively impact on community health.
State four ways in which production activities may negatively impact on community health.
The diagram below shows the current demand for petrol. What is the effect of a fall in the price of cars on demand for petrol? Draw a new demand curve on the diagram above to show the effect of a fall in price or cars.
What is the effect of a fall in the price of cars on demand for petrol?
Draw a new demand curve on the diagram above to show the effect of a fall in price or cars. A firm wishes to introduce a new product into the market. Outline four factors that should be considered in choosing an appropriate medium for promotion.
A firm wishes to introduce a new product into the market. Outline four factors that should be considered in choosing an appropriate medium for promotion.
Outline three features of a Re – insurance company
Outline three features of a Re – insurance company
Write the appriate term of communication associated with each of the following statements.
The following terms relate to mommunitaction: vertical, horizontal, formal and informal.
Write the appriate term of communication associated with each of the following statements.
Explain five methods of determining the price of a product other than price control. (10 marks)11/12/2020 Methods of determining the price of a product other than price control
Five methods of determining the price of a product other than price control:
State four types of complaints that a consumer organization may receive from consumers. (4 marks)11/12/2020 Types of complaints that a consumer organization may receive from consumers.
The following trail balance relates to Chui Traders as at 31st December, 2014.
Required
Prepare Trading, Profit and Loss Account. (10 marks) Expected ResponseFeatures of human wants
​Features of human wants:
​​Related Business Studies Quiz and Answers on Satisfaction of Human Wants Form 1 LevelCharacteristics of a monopolistic competitive market
Characteristics of a monopolistic competitive market.
The following information was extracted from the books of Mamboleo Traders in the month of September, 2014.
Required:
Prepare a two column cash book. (10 marks) Expected ResponseWays in which the consumer may benefit from warehousing
Ways in which the consumer may benefit from warehousing.
Discuss five principles that would lead to effective use of government resources. (10 marks)11/12/2020 Principles that would lead to effective use of government resources
Principles that would lead to effective use of government resources:
Cheru Traders does not keep a complete set of books of accounts. The following information was extracted from her books of accounts.
During the year, cash received from debtors was sh. 1,400,000 while cash paid to creditors amounted to sh. 2,000,000. Cash sales were for Sh. 250,000 while cash purchases amounted to sh. 320,000. Carriage inwards was for sh. 46,000.
Other relevant information. - Returns inwards were Sh. 42,000. - Cheru had taken goods amounting to sh. 50,000 for personal use. i) Determine total sales. ii) Determine total purchases. iii) Prepare Trading Account for the period ended 31 December 2005. Explain four functions of money.
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