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Business Studies (Buss 030) Question Paper

Business Studies (Buss 030)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME : 2 HOURS

INSTRUCTIONS
Question One
The small retailer suffers from certain disadvantages compared with the modern large-scale retailer. What are they?
(10 Marks)

Discuss five reasons why a government imposes taxes.
(10 Marks)

Question Two
What are the ways in which locally grown agricultural produce reaches consumers?
(10 Marks)

Explain the importance of planning in a business.
(10 Marks)

Question Three
What is barter trade?
(2 Marks)

Discuss four disadvantages of barter trade.
(8 Marks)

Explain five factors that cause an increase in demand of a commodity.
(10 Marks)

Question Four
Discuss five reasons that justify the involvement of a government in business.
(10 Marks)

Explain five elements that constitute the operating external environment of a business.
(10 Marks)

Question Five
Highlight four ways in which a community benefits from learning business studies.
(4 Marks)

Distinguish between long-term liabilities and current liabilities and give an example of each.
(4 Marks)

A farmer wishes to transport his herd of cattle from Nanyuki to Athi River. Explain six benefits that the farmer would get by transporting the cattle by train.
(12 Marks)

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