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Form 3 Business Studies Paper 1 End Of Term 2 2017 Question Paper

Form 3 Business Studies Paper 1 End Of Term 2 2017

Course:Business Studies

Exam Year:2017

MID VIEW HIGH SCHOOL
FORM THREE
BUSINESS STUDIES
PAPER 1.

1)Outline four elements that may comprise the internal environment of a business. (4 mks)
2) Name the factor that each of the following resource relate to:
resource factor of production (4 marks)
a) manager
b) vehicle
c) cotton
d) owner.
3)Company XYZ is leading company that deals with product A. State four reasons why it is necessary for the company to prepare a plan. (4 marks)
4) State four ways in which an entrepreneur contributes to production of goods and services. (4 marks)
5)List four ways in which natural resources may benefit a country. (4 marks)
6) State four components of business studies. (4marks)
7) Outline four features of a service. (4 marks)
8) Give four circumstances under which a credit note is issued. (4 marks)
9) State four factors that limit the efficiency of cooperatives in delivering services to their members. (4mks)
10) State four differences between hire purchase and credit purchase. (4 marks)
11) A T. V set was sold for ah. 10000.If the buyer was allowed a trade discount of 5% and a cash discount of 2% if payment is made within a month,determine the amount received by the seller if payment is made within 2 weeks.(4 marks)
12) Identify four circumstances under which utility is created in a commodity within a firm.(4 marks)
13) Outline four important documents that are required in the registration of a public company. (4 marks)
14) Identify four reasons why most countries are getting rid of direct production.(4 marks)
15) Under what four circumstances would a cheque payment be preferred more than cash payment . (4 marks)
16) Outline four ways through which the government is involved in business. (4 marks)
17) Highlight four reasons for government involvement in business. (4 marks)
18) Identify four advantages of consumer protection associations.(4marks)
19) List the four essentials of good transport.(4mks)
20) Identify four advantages of water transport over air transport. (4marks)
21) Highlight four reasons why bodaboda transport has become so popular in Kenya today. (4 marks)
22)Identify four features of parastatals that distinguish them from public corporations. (4mks)
23) State four components of economic environment of a business affecting the operations of a business. (4 marks)
24) Identify four methods of generating a business idea. (4 mks)
25) Highlight four reasons why a business would want to operate it's own warehouse.(4 mks)

END.

Form 3 Business Studies Paper 1 End Of Term 2 2017 Question Paper

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