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Business Studies (Buss 030) Question Paper

Business Studies (Buss 030)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME : 2 HOURS

Instructions: Answer any THREE Questions Only.
Question One
Explain the main advantages and disadvantages of the following:
Sole proprietor
(10 Marks)
Partnership
(10 Marks)

Question Two
Describe the major functions offered by the following in the distribution of goods and services,
Retailer
(10 Marks)
Wholesaler
(10 Marks)

Question Three
What role does the government play in assisting commercial activities in Kenya.
(10 Marks)
Describe FOUR factors of production and indicate their importance.
(10 Marks)

Question Four
Describe the characteristics/features of TWO types of production of goods and services.
(10 Marks)
Distinguish between home trade and international trade.

Question Five
Explain the FIVE main problems of barter system of trade.
(10 Marks)
Explain FIVE benefits of using money in commercial activities.
(10 Marks)

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