KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
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:
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State the principles of insurance described in the statements given below
Highlight four indicators of economic growth that may be observed as a country progresses. (4 marks)25/11/2020 Indicators of economic growth that may be observed as a country progresses
Indicators of economic growth that may be observed as a country progresses 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.
Outline four circumstances under which goods may be transported by use of containers. (4 marks)25/11/2020 Circumstances under which goods may be transported by use of containers
Circumstances under which goods may be transported by use of containers include:
Elements of the demographic environment that may influence the operations of a business
Elements of the demographic environment that may influence the operations of a business 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:
Ways in which the introduction of money helped eliminate problems faced in barter trade
Ways in which the introduction of money helped eliminate problems faced in the conduct of barter trade include:
Ways in which the technological environment may improve business performance
Ways in which the technological environment may improve business performance include:
Watamu Enterprises had the following assets and liabilities on 1st May 2014:
The following transactions took place on 2nd May 2014:
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' ResourcesExternal 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.
The lines of communication are:
Merits of indirect taxes
Merits of indirect taxes include:
​The following information was extracted from the books of Leila Traders on 31st July 2016:22/11/2020 The following information was extracted from the books of Leila Traders on 31st July 2016: List four books of original entry that may be used to record transactions affecting stock.(4 marks)22/11/2020 Books of original entry that may be used to record transactions affecting stock
Books of original entry that may be used to record transactions affecting stock are:
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:
Conditions under which a manufacturer would distribute his products through the wholesaler
Conditions under which a manufacturer would distribute his products through a wholesaler include:
Circumstances under which firms would form a cartel
Circumstances under which firms would form a cartel include:
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:
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