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

Heights Secondary School: Business Studies Form 3 Term 3

Course:Business Studies

Exam Year:2016

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

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

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

2. Name four internal business environmental factors. (4mks)

3. Classify the following resources as either renewable or nonrenewable (4mks)

i)-Wool
ii)-Wind power
iii)-Aluminum
iv)-Iron
4. Discuss five factors that an entrepreneur would consider before producing certain commodity (10mks)

5. Explain the meaning of the following documents used in home trade. (3mks)
i) Letter of inquiry

ii)Invoice

iii)Receipt

6. Outline four disadvantages of pipeline as means of transport. (4mks)

7. State the essential of effective communication. (5mks)

8. Give three functions of a warehouse. (3mks)

9. Discuss the following principals of insurance. (4mks)
-Indemnity

-Subrogation

10. Discuss five factors that influence the demand for goods and services. (10mks)

11. Define the term economies of scale. (2mks)

12. Discuss four internal economies of scale (8mks)

13. Discuss four types of unemployment. (8mks)

14. The following information was obtained from Jamal Traders on 1/1/2010.
Shs
Stock----------------------5000
Debtors---------------------200
Stationery------------------1500
Cash in hand-----------------1000
Premises------------------14000
Overdraft------------------2500
Creditors-------------------1800
Five year loan--------------4000

a)Determine the amount of capital in the business on that date (3mks)

b) Prepare a well illustrated balance sheet as at /1/1/2010 (7mks)

15. Juma started business on 1st Jan 2014 with 500000 in bank, cash in hand 40000,His transaction for the month were.
2014
January: 1Brought stock worth Sh 50,000 by cheque
“ 2 Purchased office equipments by cheque Sh 30,000
“ 3 purchased stationery sh 3,000 in Cash.
“ 4 Sold goods worth Sh5,000 to ondiek on credit
“ 5 Bought stock worth Sh 32,000 on credit from Khamisi
“ 6 Received a cheque of Sh 45,00 from Ondiek
“ 7 Purchased stationery Sh 1,000 in cash
“ 8 Paid Khamisi 30,000 by cheque
“ 9 Received cash 2,000 from Ondiek

Required

(a) Record the above transaction on the relevant ledger accounts. (10mks)

(b) Balance the account on 10th Jan 2014 (5mks)

(c) Prepare a trial balance as at 10th January 2014. (5mks)

*************************END****************************

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

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