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Buss 201: Commerce Question Paper

Buss 201: Commerce

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2014

KENYA METHODIST UNIVERSITY

END OF 2''ND ''TRIMESTER 2014 (FT) EXAMINATION
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BUSS 201
UNIT TITLE : COMMERCE
TIME : 2 HOURS

INSTRUCTIONS

Answer any Three questions

Question One

Define Commerce and its relationship with other disciplines in business studies.

(10 Mks)

Explain the main characteristics of the following types of trade local trade:

Local trade

(5 Mks)

International trade

(5 Mks)

Question Two

Discuss the main characteristics of factors of production.

(10 Mks)

What do you understand by division of labour concept as used in economics?

(10 Mks)

Question Three

What role does insurance play in the economy of Kenya?

(10 Mks)

Explain the advantages of road transport in Kenya.

(10 Mks)

Question Four
Discuss the characteristics of ten business documents used to transport school business with other business firms. (20 Mks)

Question Five

Explain five principles of Insurance.

(10 Mks)

Discuss the importance of warehousing services to the economy of Kenya.

(10 Mks)

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