Heights Secondary School: Business Studies Form 1 Term 3 Question Paper

Heights Secondary School: Business Studies Form 1 Term 3

Course:Business Studies

Exam Year:2016

HEIGHTS SECONDARY SCHOOL –THIKA
END OF YEAR EXAMINATION 2016
FORM ONE BUSINESS STUDIES
21/2hrs
NAME……………………………………………………………………………………….

ADMISSION NO…………DATE………/………/…….SIGNATURE………………..

Answer All Questions (100 marks)
1. State five main types of business activities. (5mks)

b) Give four internal business environmental factors. (4mks)

2. A) Discuss four characteristics of goods. (8mks)

b)Classify the following resources as either renewable or nonrenewable (6mks)
-Wood
-Wool
-Wind power
-Aluminum
-Solar Energy
-Building stones
c) Highlight five characteristics of human wants. (5mks)

d) Discuss the concept of Scarcity. Choice and opportunity cost. (6mks)

3. A) Differentiate between Division of labor and specialization (2mks)

b) Discuss five factor that an entrepreneurs has to consider before engaging in the production of a certain commodity. (10mks)

c) State four factors of production. (4mks)

d) Outline five functions of an entrepreneur. (5mks)

4. A) State the uses of the following office machines. (6mks)
i)Paper punch-
ii) Photocopier-
iii)Guillotine-
5. A) Explain the meanings of the following small scale retailers. (8mks)
i) Peddlers

ii)Mobile shops

iii) Roadside traders

iv)Kiosks

b)Name any four forms of large scale retailers. (4mks)

c) State four disadvantages of supermarket. (4mks)

d) Outline the function of the retailer. (5mks)

e) Explain the meaning of the following documents used in home trade. (8mks)
i) Letter of inquiry

ii)Order

ii)Invoice

iv)Receipt

f) Describe the following means of payments. (6mks)
i)Cash

ii) Cheque

iii)Postal Stamps

g) Differentiate between open cheque and crossed cheque. (2mks)

h)List down three main forms of deferred payments. (3mks)

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