KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
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:
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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.
Features of human wants
​Features of human wants:
​​Related Business Studies Quiz and Answers on Satisfaction of Human Wants Form 1 LevelClauses found in the Memorandum of Association
Clauses found in the Memorandum of Association include:
Ways an investor benefit from the stock exchange
Ways in which an investor may benefit from the stock exchange include:
Benefits of sea transport over air transport
Benefits of sea transport over air transport include:
Benefits of a business plan to an entrepreneur
State four reasons that make it necessary for firms to maintain a healthy environment. (4 marks)10/12/2020 Reasons that make it necessary for firms to maintain a healthy environment
Reasons that make it necessary for firms to maintain a healthy environment include:
The following information relates to Kahawa Traders as at 31st December 2012.
Expected ResponseGoals of development to a country
Goals of development in a country include:
The following Purchases Returns Journal relates to Farasi Traders:
Post the information above to the relevant ledger accounts. (4 marks)
Expected ResponseName the documents described by the statements given below as used in International Trade:9/12/2020
Name the documents described by the statements given below as used in International Trade: (4 marks)
Expected Response
The documents described by the given statements are:
Levels of inflation
Levels of inflation include:
Identify the ledgers in which the following accounts are maintained. (5 marks)
Expected Response
The following figures relate to Jumbo Traders for the year ended 31.12.13.
Expected ResponseThe following balances were extracted from the books of Wanji Traders for the year ended 30 June 2005. Prepare a balance sheet of Wanji Traders as at 30 June 2005.
Study the table below and calculate the values represented by the letters a, b, c and d.(4marks)8/12/2020 Study the table below and calculate the values represented by the letters a, b, c and d.
Benefits to a trader who operates a small retail outlet.
Problems that a planner may encounter in development planning.
Ways that the World Bank may use to assist developing countries to improve their economy.
Factors that may cause inflation in an economy.
Benefits of direct taxation to the government.
The following balances were extracted from the books of Chombo Wholesalers for the year ended 31 Dec 2005.
Calculate
a) margin b) Current ratio c) Rate of stock turnover (4mks) Disadvantages that a manufacturer would suffer if wholesalers were eliminated from the chain of distribution
Disadvantages to the manufacturer if wholesalers are eliminated from the chain of distribution include:
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