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Heights Secondary School: Business Studies Form 3 Term 2 Question Paper

Heights Secondary School: Business Studies Form 3 Term 2

Course:Business Studies

Exam Year:2016

HEIGHTS SECONDARY SCHOOL
END OF SECOND TERM EXAMINATION 2016
FORM THREE BUSINESS STUDIES
(100 MARKS)

Name…………………………………………… Admission No…………………………………………..
ANSWER ALL QUESTIONS
1.a)Name any five main business activities (5mks)

b)Discuss the concept of scarcity, choice and opportunity cost (4mks)

2.a) Define the term utility. (2mks)

b)Discuss four types of utility. (8mks)

3.a)List down four elements entailed in a business idea (4mks)

4.a) Discuss five factors to consider when selecting an office equipment (8mks)

b)Name any four types of small scale retailers with shops (4mks)

5.a)Highlight four disadvantages of sole proprietorship form of business (4mks)

b)Give any four types of cooperative societies in Kenya (4mks)

6.a)Discuss four factors to consider when choosing means of communication (8mks)

7.Explain the meaning of the following insurance terms. (6mks)
a)Actuaries
b)Assignments
c)Surrender value
8.A) By use of a diagram illustrate how price mechanism determine the price of goods and services(6mks)

b)State four other methods of price determination (4mks)

9.A)Discuss four factors to consider before a firm starts producing a particular product (8mks)

10.a) Discuss five role played by intermediaries in the distribution chain (10mks)

11.a)State four advantages of overpopulation (4mks)

b)Give four types of unemployment (4mks)

12.The accounting period of Ali traders ended on 30th June 2016.The assets and Liabilities were as follows.
Cash at hand--------------------------4,000
Stock-------------------------------10,000
Furniture----------------------------7,000
Creditors----------------------------5,000
Long term loan------------------------20,000
Premises-------------------------------50,000
Debtors--------------------------------2,000
Bicycle-------------------------------3,000

Prepare Ali Traders Balance Sheet as at 30th June 2016(7mks)

-END-

Heights Secondary School: Business Studies Form 3 Term 2 Question Paper

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