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Marathon Joint Evaluation Form 4 Business Studies Paper 1 Question Paper

Marathon Joint Evaluation Form 4 Business Studies Paper 1

Course:Business Studies

Exam Year:2017

MARATHON JOINT EVALUATION
MAY/JUNE 2017
BUSINESS STUDIES
PAPER 1.

1)highlight four factors that may lead to an increase in supply of goods in the market even though prices may remain constant.(4mks)
2)Outline four factors that may limit the growth of a firm.(4mks)
3)State four benefits that a country may get by being a member of International Monetary Fund.(4mks)
4)Outline three barriers to written communication. (4mks)
5)Highlight four difficulties faced in the satisfaction of human wants.(4mks)
6)The following trial balance was incorrectly prepared.
Matumbo Traders Trial balance as at 31st March 2009.
Dr. Cr
furniture. 220,000
Capital. 206,500
Creditors. 65000
Purchases. 87000
Debtors. 52,000
Lighting. 2500
Stock(1/3/94). 5000
Sales. 95000
576000. 157000
Prepare the correct trial balance. (4mks)
7)The following balances were extracted from the books of Abdi Traders on 30th April 2009.

Debtors. 13000
Capital. 29500
Creditors. 25000
10 years loan. 42000
Closing stock. 3500
Cash in hand. 6000
Drawings. 4000
Furniture. 70000
Prepare a balance sheet.(4mks)
8)State any four assumptions of monopolistic competition. (4mks)
9)State four reasons a development plan is important to a country. (4mks)
10)Indicate whether each of the following transactions will increase or decrease or have no effect on the totals of a balance sheet.

Transaction.
a)A motor vehicle bought on credit.
b)Stock bought in cash.
c)Salaries due paid by cheque.
d)A debtor paid in cash.(4mks)
11)Highlight three disadvantages of pipeline as a means of transport. (3mks)
12)Outline four features of a Reinsurance company. (4mks)
13)State four reasons why an entrepreneur needs to generate a good business idea.(4mks)
14)Outline four current trends in the chain of distribution. (4mks)
15)Highlight three problems associated with measuring national income using the expenditure approach. (4mks)
16)The information below relates to James Retailers.
Stock as at January 1,2008. 30000
Stock as at December 31,2008. 50000
Purchases. 400000
Mark up. 20%
Calculate the sales for the yeat. (3mks)
17)Highlight four factors that may limit the effectiveness of bank rates in controlling credits. (4mks)
18)Highlight four disadvantages of direct taxes.(4mks)
19)Outline four characteristics of underdevelopment.(4mks)
20)Mwalo Traders had the following transactions in the month of April 2009.
April:
1.Cash balance sh 5000.
2.Cash purchases sh 4000.
6.Paid rent sh 2500
9.Cash sales sh 4200
16.Paid wages sh 2200
19.Paid electricity sh 900
20.Cash sales sh 3500
29.Donation from a friend sh 3000.
Prepare a cash book and record these transactions. (5mks)
21)Highlight four ethical issues that an organization is supposed to address in product promotion. (4mks)
22)The table below contains descriptions relating to some types of warehouses.In the spaces provided write the type of warehouses to which each description refers.(4mks)
a)Used to store exports and imports.
b)Anybody can rent space in it for storing goods temporarily.
c)Operated for the owner's exclusive use.
d)Owned and operated by manufacturers and retailers.
23)Identify three problems that tend to limit the growth of small scale retail businesses in rural Kenya.(3mks)
24)The table below contains various categories of members of the society. In the spaces provided indicate an activity of social responsibility that the firm should undertake.
Category. Activity
Employees
Customers
Community
Owners
(4mks)
25)State four advantages of operating a partnership form of business. (4mks)

Marathon Joint Evaluation Form 4 Business Studies Paper 1 Question Paper

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