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Business Studies Form 1 Term 2 Question Paper

Business Studies Form 1 Term 2 

Course:Business Studies

Institution: Form 1 question papers

Exam Year:2014



1)State four causes of an undercharge in an invoice

2)List 5 differences between the invoice and the pro forma invoice

3)State the details which should be contained in a statement of account

4)Distinguish between terms and means of payment

5)Explain what is meant by prompt cash

6)What reasons would you give a person to try and convince him or her to buy an item on hire purchase

7)State four differences between trade and cash discounts

8)Outline two important considerations that must be taken into account when calculating cash discount

9)Between Franco price and ex factory price which is higher from the buyer's point of view and why

10)Give two differences between a:

a)money order and a postal order
b)travellers cheque and a telegraphic transfer
c)cheque and a bill of exchange
d)bill of exchange and a promissory note




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