KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
The following transactions relate to Jelimo Stores:
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Ways in which a youthful population may be useful to an economy
Methods that the government may use to increase supply of goods in the market
Methods that the government may use to increase the supply of goods in the market include:
Demerits of the output approach in measuring national income
The following transactions relate to Dagoreti Enterprises for the month of March 2016
Required: Prepare a two column cash book for the month of March 2016. (10 marks) Expected ResponseChannels of distribution that a Kenyan manufacturer would use to ensure her goods reach consumers in another country(a) Population size that is adequate for the full utilization of available resources in a Country. (b) The average number of births per one thousand women in a year. (c) When a country is experiencing higher death rates than birth rates. (d) Where a bigger proportion of the population is comprised of people who are above 55 years old. Answer The basic concepts in population described ¡n the statements are:
AnswerNegative implications of a young population
Effects of family planning campaign causing a decline in the country’s population
Effects of family planning campaign causing a decline in the country’s population include:
The equations given below relate to quantity demanded and quality supplied at the equilibrium point:27/11/2020
The equations given below relate to quantity demanded and quality supplied at the equilibrium point:
Determine the equilibrium price and quantity. (4 marks)
Characteristics of a monopolistic competitive market
Factors that may encourage Chemchemi Ltd. to be located in Athi River include:
The following information relates to Zawadi Traders rental income:
Prepare Zawadi Traders Rental income Account. (4 marks) Items that would be included in the measurement of national income using the income approach
Items that would be included ¡n the measurement of national income using the income approach include:
The following information was extracted from the books of Salome Traders:
Capital Ksh 1,119,300; Long term liabilities Ksh 1 ,807,000; and current liabilities Ksh 978,700.
Required
(b) State the importance of the rate of return on capital employed. (1 mark)
Importance of the rate of return on capital employed.
Expected ResponseProblems of using national income statistics to compare the living standards of citizens of Kenya and Tanzania
Problems of using national income statistics to compare the living standards of citizens of Kenya and Tanzania include:
Factors that may have contributed to increase of soft drinks
Factors that may have contributed to increased demand for soft drinks include:
Factors that Chuma Steel Manufacturers may consider when choosing a channel for distributing their products
Factors that Chuma steel manufacturers may consider when choosing a channel for distributing their products include:
External economies of scale that a firm may get when operating on a large scale
External economies of scale that a firm may get when operating on a large scale include:
Reasons for maintaining a cash book in a business enterprise
Identify the types of ledger in which each of the following accounts would be found: (4 marks)23/11/2020
Identify the types of ledger in which each of the following accounts would be found: (4 marks)
Types of ledgers into which the accounts would be found are:
(a) Debtors ledger/Sales ledger. (b) Nominal ledger/General ledger. (c) Creditors ledger/Purchases ledger. (d) Cash book. Other ways in which the price of a product may be set
Other methods of determining the price of a product apart from the forces of demand and supply include:
Circumstances under which firms would form a cartel
Circumstances under which firms would form a cartel include:
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