KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
The following table represents the price and quantity of a commodity
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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 Explain five ways in which the government of Kenya may reduce the level of unemployment
Ways in which the government of Kenya may reduce the level of unemployment
The diagram below shows an oligopolist kinked demand curve DD and current price and quantity at P and Q respectively.
(i) Name the curve represented by the gap WZ
(ii) State Why the curve WZ is vertical to price axis (iii) Advice when the oligopolist can raise and lower the price of the commodity
Expected Responses
The trial balance of Zakayo Traders as at June 2008 is given below
During the month, the following transactions took place
2008
Expected Response
Highlight four circumstances under which business enterprises may choose to merge
Circumstances under which business enterprises may choose to merge:
Kazim maintains a petty cashbook on a weekly interest of Kshs 13,000 on 1st April 2007 the cash balance was Kshs 2,570, During the week of April, the following transactions took place
2007
The graph below the rate of population growth of a given country,Outline four factors that may have contribute to the trend between s and t
Outline four factors that may have contribute to the trend between s and t
Factors that may have contributed to the trend between S and T include:
The following is a format of the debit side of a three-column cash-book: Name the columns labelled V, W, X and Y. (4 marks) Expected ResponseOutline four reasons why an increase in per capital income may not necessarily lead to a rise in the standard of living of the citizens
Reasons why an increase in per capita income may not lead to a rise in standard of living include:
The following diagram represents the circular flow of income in a two sector closed economy.14/12/2020 The following diagram represents the circular flow of income in a two sector closed economy. Identify two factors represented by each of the arrows labelled a and b. (4 marks) Expected ResponseFactors represented by the arrows labelled a and b are:
Country X has been experiencing an upward trend in the price of petrol as a result of a rise in inflation. State four steps that can be taken to minimize expenditure on this product.
Steps that can be taken to minimize expenditure on petrol include:
Roles played by the broker in the chain of distribution
Roles played by the broker in the chain of distribution include:
Related Business Studies Quiz and Answers on Chain of Distribution Form 3 LevelHighlight four benefits that would accrue to a firm located near other existing firms
Benefits that accrue to a firm located near existing firms:
In the spaces provided below. indicate whether the following factors cause movement along the demand curve or a shift of the demand curve. (3 marks)
Expected Response
Indicating whether factors cause movement along the demand curve or a shift of the demand curve:
State four items that usually appear the credit side of the current account of a country
Items that may appear on the credit side of the current account of a country
The following balances were extracted from the books of Saku traders on 31 March 2008,Determine the net worth of the business as at 31st March 2008
Write the type of demand represented by each of the following statements
Write the type of demand represented by each of the following statements
(i) Demand for a commodity causes an increase in demand for another Commodity (ii) Demand for one commodity calls for demand of another commodity The type of demand represented by statements are:
Explain five circumstances that would influence a producer to use wholesalers in distributing farm produce.
On 1 September 2006, Igonji had Sh55 000 in hand and Sh 250 000 at bank.During the month, the following transactions took place:
Explain five challenges that may be experienced by a country whose population is made up of large proportion of young people.
With the aid of a diagram, explain the behaviour of average cost curve in the short run for a firm with fixed production capacity.
State two characteristics of each of the following balance sheet elements: (a) Assets,(b) Liabilities
State two characteristics of each of the following balance sheet elements:
(a) Assets (b) Liabilities.
Assets
Outline the purpose of a trial balance as used in bookkeeping.
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