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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.
Question One
Explain five characteristics of an entrepreneur.
(10 Marks)

Discuss five categories of goods.
(10 Marks)

Question Two
Name and explain factors of production.
(8 Marks)

Discuss importance of warehousing to business.
(12 Marks)

Question Three
Highlight and explain five causes of breakdown in communication.
(10 Marks)

Discuss importance of insurance to an economy.
(10 Marks)

Question Four
Explain why a business needs to have efficient transport network.
(10 Marks)

Discuss five principles followed worldwide by cooperative societies.
(10 Marks)

Question Five
Explain difference between private and public limited company.
(10 Marks)

Discuss five disadvantages of division of labour and specialization.
(10 Marks)

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