KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
The following trial balance was prepared from the books of Mugambi Traders for the year ended 31 December 2005
Prepare
(i) A balance sheet for the year ended 31 December 2005 (ii) Determine Working capital Capital employed Borrowed capital
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Explain five features that you would consider in establishing a warehouse for imported goods.
Features that you would consider in establishing a warehouse for imported goods.
Draw a diagram to show how equilibrium price and output are determined under- monopoly. (10mks)12/12/2020 Draw a diagram to show how equilibrium price and output are determined under- monopoly.
Determine determination of equilibrium price and output under monopoly.
Discuss five reasons why less developed countries are reluctant in implementing free trade agreement.
Reasons why less developed countries are reluctant in implementing free trade agreement.
Explain five benefits that could accrue to a customer who buys goods from a departmental store.
Benefits that could accrue to a customer who buys goods from a departmental store.
Explain five strategies that a small – scale firm could adopt to expand so as to enjoy economies of scale.
Strategies that a small – scale firm could adopt to expand so as to enjoy economies of scale.
Explain five factors that could affect the quantities of cabbages supplied in a market. (10mks)12/12/2020 Explain five factors that could affect the quantities of cabbages supplied in a market.
Factors that could affect the quantities of cabbages supplied in a market.
Explain five ways is which the Agriculture Finance Corporation(AFC),contribute to economic development in Kenya
Ways is which the Agriculture Finance Corporation(AFC) contribute to economic development in Kenya
Karani does not keep a complete set of accounting records.During the year ended 30 June 2006, the following balances were extracted from the books of accounts.
Additional information:
Karani drew sh. 140,000 from the business for private use. Opening capital was sh.2000 000 as at 1 July 2005 Additional capital during the year was sh.120,000. i) Prepare statement of affairs for the year ended 30 june 2006 ii) Determine profit or loss for the year ended 30 june 2006 Explain six sources of government revenue for development expenditure.
Sources of government revenue for development expenditure.
Features that are common to underdeveloped countries
Features of under development include:
Benefits which may accrue to Kenya by being a member of the African Development Bank (AFDB)
Benefits that Kenya may enjoy by being a member of the African Development Bank (ADB/AFDB) include:
Advantages of government involvement in business
Advantages of government involvement in business include:
Trends in office management
Trends in office management:
Explain four advantages of transaction business through e-commerce.
Advantages of transaction business through e-commerce.
Explain six reasons why a new business may fail
Outline four elements that may comprise the external environment of a business.State four factors that could hasten the economic development of a country.
Factors hasten economic development in a country include
Outline four benefits that accrue to a customer who uses automated teller machine (ATM) banking service.
Benefits if using Automated Teller Machines (ATMs) include)
State four reasons why countries may decide to trade with each other.
Highlight four ways in which the running of public corporations may be improved.
Four ways in which the running of a public corporation may be improved include
State four advantages of an open office layout to an organization.Highlight four factors that could influence mobility of capital as a factor of production. (4mks)11/12/2020 Highlight four factors that could influence mobility of capital as a factor of production.
State four ways that may be used to control the amount of money in circulation by the central Bank of Kenya.
State four ways that may be used to control the amount of money in circulation by the central Bank of Kenya.
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