KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Explain the following types of inflation:
(i) Demand-Pull inflation
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Explain five guidelines that should be followed by the government in its expenditure. (10 marks)17/12/2020 Guidelines that should be followed by the government in its expenditure
Guidelines that should be followed by the government in its expenditure include:
Accounting documents that are used in home trade
Accounting documents that are used in home trade include:
Objectives that may be achieved by establishing firms in different parts of the country
Objectives that may be attained by establishing firms in different parts of the country include:
Explain four reasons for which traders observe ethical practices in product promotion. (8 marks)17/12/2020 Reasons for which traders observe ethical practices in product promotion
Reasons for which traders observe ethical practices in product promotion include:
a) On first January 2012, Ndovu Traders had shs 30,000 in cash and shs 75000 at the bank. During the month, the following transactions took place:
Prepare a duly balanced three column cash book. (12 marks) Expected ResponseAmina operates a fleet of Public Service Vehicles (PSVs).Explain five possible risks she can insure her business against.
Possible risks that Amina can insure her business against include:
Discuss five benefits that a customer may get by using Automated Teller Machines (ATMs) for financial transactions.
Benefits that accrue to a customer who uses Automat teller machine ATMs include:
Explain five factors that an entrepreneur would consider when evaluating a business idea.16/12/2020 Explain five factors that an entrepreneur would consider when evaluating a business idea.
Factors that an entrepreneur would consider when evaluating a business idea
include:
Discuss five problems that a country may face when measuring her national income using the output approach.
Problems that may be faced when measuring national income using the output approach include:
The information in the table below relates to product ZX whose unit price in the market is Shs 20.00.
(i) Determine total costs, total average costs, and marginal costs at each level of output. (8 marks)
(ii) Determine the units to be produced in order to maximize profits.(2 marks) Explain five benefits that a member country may get from economic integration.
Benefits that a member country may get from economic integration include:
Explain three factors that should be considered when choosing a means of transport.
Factors that should be considers in the choice of a means of transport include:
The following balances were extracted from the books of Kl00 Traders for the year ended 30th June 2008.
Additional information:
(i) Stock on 30th June 2008 was valued at shs 120,000. Prepare: (i) Trading, Profit and Loss accounts for the year ended 30th June 2008. (9 marks) (ii) Balance sheet as at 30th June 2008. (5 marks) Explain five ways of making face-to-face communication effective.
Ways of making face to face effective include:
Describe five principles that distinguish co-operative societies from other forms of business organizations.
Explain five negative effects that inflation may have on the economy of a country.
Commodities A and B are substitutes. Using two diagrams, explain how an increase in the supply of commodity A will affect the equilibrium price and quantity demanded of commodity B.​​Related Business Studies Quiz and Answers on Forms of Business Units Form 2 LevelDemerits that a country may stiffer when the government becomes a major investor in business
Demerits that a country may suffer when the government becomes a major investor in business include:
Benefits that a firm may enjoy by preparing a business plan
Benefits that a firm may enjoy by preparing a business plan include:
Lunga, a sole trader, does not keep a complete set of accounting records. Information extracted from the records are as follows
Additional information:
(i) Interest charged on debtors overdue accounts amounted to Kshs 2,000 (ii) Bad debts written off amounted to Kshs 4,200 Prepare trading, profit and loss account for the year ended 31 December 2007 (10 mks) The following table represents the price and quantity of a commodity
Malamu Traders had the following balances s at 31 December 2008
Prepare:
(a) Profit and loss account for the year ended 31 December 2008 (b) Balance sheets as at 31 December 2008 ( 12 mks) Explain four services that the central Bank of Kenya may offer as a Banker to commercial banks15/12/2020 Explain four services that the central Bank of Kenya may offer as a Banker to commercial banks
Services that the central Bank of Kenya may offer as a Banker to commercial banks
Analyze the following document issued by Sheikh Traders
Analyze the following document issued by Sheikh Traders
Required: (i) Name the document above (ii) Calculate the amount paid for the goods, if the debtor paid on 28th October 2008 (iii) Determine the net profit of the business if transaction (ii) above was Kshs 120.400 and the debtor paid for the goods on 15th November 2008 |
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