KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Outline 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:
2 Comments
Mheshimiwa Ltd. had the following ledger account balances as at 31st May 2010: Required: Prepare Mheshimiwa’s trial balance as at 31st May 2010. (5 marks) Expected ResponseThe 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:
Outline four circumstances which face to face communication may be ineffective
Circumstances under which face to face communication may be ineffective.
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:
Outline four factors that should be considered in the choice of a means of transporting perishable goods
Factors to consider in the choice of a means for transporting perishable goods
Explain the meaning of the following terms: (4 marks)
(a) Insured . (h) Insurance . Meaning of insured and Insurance
(a) Insured:
Is an individual or business unit that signs an insurance contract to be covered against a risk of loss and can therefore be compensated in the event of the loss occurring. (b) Insurance: Is an arrangement (contract) in which the insured pays premiums to the insurer so as to be compensated in case of loss occurring as a result of an insured risk. Types of information that a manager may communicate to the juniors
Types of information that a manager may pass to the juniors include:
A lucrative manufacturing firm been constantly releasing toxic wastes into the neighborhood. Outline four measures you can take to stop the firm from such malpractice
Measures to stop emission of toxic wastes into neighborhood include:
Outline four benefits that may accrue to a business from a country’s political stability14/12/2020 Outline four benefits that may accrue to a business from a country’s political stability
Benefits that may accrue from political stability include:
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
A trader has decided to take a loan to expand a manufacturing business. Give two reasons why it is beneficial to borrow from a non- bank financial institution.
Reasons why it is beneficial to borrow from non-bank financial institutions
Indicate the type of journal in which each of the following transaction would be recorded14/12/2020 Indicate the type of journal in which each of the following transaction would be recorded
Type of journals referred to are:
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:
Amboseli Enterprises has been spending heavy on promotion for its products though its sales have consistently declined. Outline four measures that the company take to reverse the trend
Measurers that may be taken to reserve declining sales include
Outline four ways in which commercial attaches may promote trade between their country and other countries
Commercial attaches promote trade in the following ways:
State factors that may affect the geographical mobility of labour
Factors that may affect the geographical mobility of labour include:
Outline four reasons why the government may use regulatory measures to protect consumers against exploitation.
Reasons why the government may use regulatory measures to protect consumers against exploitation.
Visitors to the offices of Triple B Enterprises have been complaining of lack of etiquette from the secretaries. Highlight four measures that the secretaries can take to improve the office etiquette.
Outline four benefits that accrue to a business person who uses the latest technology in record keeping.
Benefits that accrue to a business person who uses the latest technology in record keeping.
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