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Business Studies Form Four Question Paper
Business Studies Form Four
Course:Business Studies
Institution: Form 4 question papers
Exam Year:2007
FRIENDS SCHOOL KAMUSINGA
KIMILILI
BUSINESS STUDIES
FORM 4
CAT 3 TERM 1, 2007
TIME 2 HOURS
• Answer all questions in the spaces provided.
1) State five classes into which goods are categorized. (5 marks)
2) Outline five benefits that people from your area may derive from business enterprise. (5 marks)
3) State five characteristics of human wants. (5 marks)
4) State four characteristics of an entrepreneur. (4 marks)
5) Outline four conditions influencing the efficiency of labour. (4 marks)
6) State five circumstances that may lead to termination of an insurance policy. (5 marks)
7) Using suitable examples, differentiate between incorporated and unincorporated business units. (4 marks)
8) State six advantages of using bill boards as sales promotion tools. (6 marks)
9) State five differences between sole proprietorship and partnership. (5 marks)
10) Outline five ways through which transport assists a business. (5 marks)
11) Mwala Retail store made the following credit purchases for the month of June 2004.
June 2: From Wambua Distributors 2 bags of rice at sh 2500 each and 5 packets of pens at sh 200 per packet, all at a trade discount of 25%
June 1: From text stationers: 10 flat files at sh 200 each, 6 calculators at sh 300 each and 5 boxes of envelopes at sh 100 per box. Of trade discount of 25% was allowed in all items.
June 18: From K Kumalo: 6 bundles of maize flour at sh 600 per bundle and 2 bags of sugar at sh 3000 per bag. A trade discount of 20% was allowed.
June 30: From A . Patel 50 packets of various assorted swets at sh 200 per packet.
Required:
Prepare the purchases journal for Mwala Retail store for June 2004. (4 marks)
12) Given below is a balance sheet of Katimu Traders as at 1st June 2004.
Katimu Traders
Balance sheet as at 1st June 2004.
Assets
Sh
Capital and liabilities Sh
Furniture 160,000 Capital 182,000
Cash 62,000 Creditor 40,000
222,000 222,000
On 2nd Jan. 20004, the business had the following transactions.
(i) Purchases a motor van for sh 800,000 on credit from Akoth motors.
(ii) Paid a creditor sh 4000 in cash.
Prepare Katimu traders balance sheet as at 2nd June 2004. (4 marks)
13) For the following transactions , indicate the account to be debited and the one to be credited. (4 marks)
Transaction A/C debit A/C to credit
(a) Paid wages by cheque
(b) Purchased office chair on credit for Deni Ltd
(c) Sold goods for cash
(d) Withdrew cash from bank for office use
14) With aid of a diagram briefly describe the process of communication. (4 marks)
15) Give four reasons that account for the need of consumer protection. (4 marks)
16) Outline four ways in which the size of the firm may be determined. (4 marks)
17) Highlight on five problems associated with the expenditure approach for measuring National income. (5 marks)
18) Study the diagram below and answer the questions that follow.
Price
(a) Indicate in the diagram the demand (d) and supply (S) curves. (2 marks)
(b) What is the significance of the point of intersection of S and D. (3 marks)
19) State four factors influencing the choice of a distribution channel. (4 marks)
20) With the use of a well labeled diagram, indicate the profit maximization situation under monopolistic competition in the long-run. (4 marks)
21) Outline four factors affecting birth rate in Kenya. (4 marks)
22) Highlight four tools of monetary policy that a bank can use to regulate the economic activities in the country. (4 marks)
23) Mention two categories of government Expenditure. (2 marks)
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