KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Circumstances that may lead to the existence of a business opportunity to be exploited by the entrepreneur
Circumstances that may lead to the existence of a business opportunity to be exploited by the entrepreneur include:
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What is external revenue?
External revenue is money collected by a government by imposing duties on imports and other international transactions.
​​What are the problems encountered from external revenue
Related Business Studies Quiz and Answers on Public Finance. Form 4 Level
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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:
Benefits of national income statistics to the government
Benefits of national income statistics to the government include:
Outline four measures that may be taken by the government to curb unemployment. (4 marks)21/11/2020 Measures that may be taken by the government to curb unemployment
Measures that may be taken by the government to curb unemployment include:
Measures that may be taken by the government to control inflation
Measures that may be taken by the government to control inflation include:
Expected Response
(a) Credit note
(b) Circumstances under which the document is used include:
Duties of the office clerk
Duties of the office clerk include:
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