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Buss 348:Business And Government Question Paper

Buss 348:Business And Government

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

FACULTY : BUSINESS AND MANAGEMENT STUDIES

DEPARTMENT : BUSINESS ADMINISTRATION

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1

a) Define the following terms as used in Business and Government

i) Business (2marks)

ii) Government (2marks)

iii) Public expenditure (2marks)

iv) Privatization (2marks)

v) Public Debt (2marks)

b) Identify five differences between public goods and private goods (5marks)

c) The nature of relationship between Government and Business is antagonistic due to clash of emphasis; identify five areas of conflict between Business and Government. (5marks)

d) Explain five regulations set by the Kenya Government that have direct impact to the Business (5marks)

e) Highlight five circumstances under which Tax would be unreliable source of revenue to the Government. (5marks)

Question 2

a) Using diagrams explain the price and market theory. In the absence of Government interference explain factors that determine allocation of resources. (10marks)

b) Discuss five methods used by the Kenyan Government to protect consumers. (10marks)

Question 3

a) Explain five ways through which Kenyan Businesses affects government operations and policy making. (10marks)

b) Government involvement in business activities brings more harm than good to a country’s economy. Give five points to support and five points to oppose this statement. (10marks)

Question 4

a) The grand coalition government wants to introduce a new tax for owners of residential houses. Advice them on five features that this tax should possess to be a good tax. (10marks) b) The principle of privatization had been fashionable during the Narc government. Explain five factors that justify the need for privatization. (10marks)

Question 5

a) For public expenditure to be incurred certain considerations are necessary. Enumerate five such considerations. (10marks)

b) Explain five ways through which National budgets promote economic development. (10marks)

Buss 348:Business And Government Question Paper

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