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Pbus 021-Introduction To Business Question Paper

Pbus 021-Introduction To Business

Course:Certificate Of Pre-University Business

Institution: Kabarak University question papers

Exam Year:2011

INSTRUCTIONS
1. The paper contains FIVE question
2. Attempt question ONE and any other THREE
3. Question ONE carries 25 Marks and the remaining THREE 15 Marks each.
PLEASE TURN OVERPage 2 of 3
QUESTION ONE
a) What do you understand by the term business environment? Briefly explain the
different types of environments in which businesses exist and operate. (10mks)
b) Briefly explain the difference between the following terms as used in businesses;
i) Silent partner and a secret partner
ii) Book keeping and Accounting
iii) Public enterprises and public limited Company
iv) A balance sheet and a profit and loss account
v) Assets and liabilities (10mks)
c) Explain the problems of the Barter system that led to the development of money.
(5mks)
QUESTION TWO
a) State five documents that are to be submitted to the registrar of companies for one
to register a newly formed company. (5mks)
b) Co-operatives operate based on set of universal principles. Explain any five of
these principle giving examples. (10mks)
QUESTION THREE
a) Briefly discuss the major forms of business organizations. (9mks)
b) Discuss any four characteristics of business. (6mks)
QUESTION FOUR
a) What is a share (1mk)
b) Clearly differentiate between the different types of shares that are issued by
companies to raise capital (6mks)
c) Discuss any four functions of central bank of Kenya. (8mks)
QUESTION FIVE
a) Briefly explain any five advantages that are common between partnerships and is
joint stock company. (5mks)Page 3 of 3
b) The following balances were extracted from the books of Kabu Enterprises (Kshs)
Stock 80,000
Loans 93,000
Land 300,000
Debtors 74,000
Creditors 160,000
Bank 25,000
Motor Van 275,000
Cash 16,000
Buildings 420,000
Accrued Expenses 33,000
Equipment 124,000
Prepare the balance sheet and show the totals. (10mks)

Pbus 021-Introduction To Business Question Paper

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