Business Studies Form 1 Question Paper

Business Studies Form 1

Course:Secondary Level

Exam Year:2011

PARKLANDS BOYS HIGH SCHOOL

1. Give four reasons why a student should take business studies

2. Name four subjects that form business studies as a subject

3. Name the meaning of each of the following terms used in business studies
i. Want
ii. Economic resources
iii. Production
iv. Business environment

4.
i. Define the term utility
ii. Name four types of utilities created through production

5. Name the two types of human wants and state two examples in each case

6. What is the meaning of the following terms?
i. Scarcity
ii. Choice
iii. Opportunity cost

7. Name two examples of each of the following types of economic resources
i. Natural resources
ii. Man made resources
iii. Human resources
iv. Renewable resources
v. Non-renewable resources

8.
i. State three levels of production
ii. Name two activities which fall under each level stated above.

9. Distinguish between direct and indirect production

10. Name the four factors of production.

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