KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Disadvantages of using carts as a means of transport in towns
Demerits of using carts as a means of transport in towns include:
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clauses that must be specified in the Memorandum of Association of a public limited company
Clauses that must be specified in the Memorandum of Association of a public limited company include:
Factors that would make two people taking the same type of life assurance policy with the same insurer to pay different amounts of premium
Factors that would make two people taking the same type of life assurance policy with the same insurer to pay different premiums include:
Related 'Insurance' Resources
The lines of communication are:
Roles of transport in the facilitation of trade
Roles of transport in the facilitation of trade include:
Ways in which the government creates an enabling environment for the conduct of business in the country
Ways in which the government creates an enabling environment for the conduct of business include:
State four categories in which the various types of business partners may be classified.(4 marks)22/11/2020 Categories in which the various types of business partners may be classified
Categories in which the various types of business partners may be classified include:
Principles of Insurance(i) Principle of indemnity
Insurance aims at restoring the insured to the financial position he/she was in before the loss occurred and not benefit him/her.
(ii) Insurable interest
The insured must prove that the occurrence of the risk will cause him/her financial loss.
(iii) Utmost good faith (uberrima fidei)
The insured must disclose all materials and relevant information that may affect insurance contract it subsequently comes to light.
(iv) Proximate cause.
There must be a fairly close connection between the cause of the loss and the risk insured.
(v) Subrogation.
In case of total loss and full compensation the insurer, assumes the rights that insured had on the property destroyed.
(vi) Contribution
In case of property being insured by more than one insurance firm, all the insurers share the burden of compensation in the proportion of coverage of the risk.
AnswerProcedure for obtaining an insurance policy
Government initiated methods of consumer protection
AnswerDemerits of pipeline transport
AnswersOther means of transporting goods and people on land apart from trains and motor vehicles are:
AnswerBenefits of a bonded warehouse to the importer include:
Features of co-operative societiesAnswer
AnswerMerits of using sales people to promote the sales of a particular product include:
Roles played by the Nairobi Securities Exchange in the Kenyan economyAnswer
The roles played by the Nairobi securities exchange in the Kenyan
economy include:
The information given below was extracted from the books of Birika Traders on 31 December 2014: (4 marks)Required: Prepare Birika Traders Trial Balance as at 31 December 2014.Marking Scheme |
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