- Must have utility
- Should be scarce
- Must have money value
- Should be transferable
sharon kalunda answered the question on March 4, 2019 at 12:43
-
Explain five diseconomies that may be suffered by firms due to large scale production.
(Solved)
Explain five diseconomies that may be suffered by firms due to large scale production.
Date posted:
March 4, 2019
.
Answers (1)
-
The following information was extracted from the books of a trader :
Creditors ...
(Solved)
The following information was extracted from the books of a trader :
Creditors sh 60,000
Cash at bank 20,000
Debtors 40,000
Stock 70,000
Calculate :
(i) Current ratio
(ii) Quick ratio
Date posted:
March 4, 2019
.
Answers (1)
-
The following information relates to demand and supply schedule for good.Price per unit (Kshs.) Quantity demanded ...
(Solved)
The following information relates to demand and supply schedule for good.
Price per unit (Kshs.)--Quantity demanded---Quantity supplied.
70---------------100-----------------------1000
60-----------500-------------800
50-----------500-------------400
30----------800------------400
20----------900------------300
10---------1000-----------100
i) On the graph paper provided, draw the demand and supply curve on the same graph
and determine equilibrium price and quantity.
ii) What would happen if the price of good X was increased from shs. 50 to shs. 70.
Explain.
iii) What would happen if the price of good X was decreased from shs. 50 to shs. 10.
Explain.
Date posted:
March 4, 2019
.
Answers (1)
-
With the aid of a tree diagram, show the main divisions of trade.
(Solved)
With the aid of a tree diagram, show the main divisions of trade.
Date posted:
March 4, 2019
.
Answers (1)
-
From the following trial balance of S. Thompson, you are asked to draw up an income statement for the year ended 31st March 20x2 and a balance sheet as at that date
(Solved)
From the following trial balance of S. Thompson, you are asked to draw up an income statement for the year ended 31st March 20x2 and a balance sheet as at that date.
Date posted:
March 2, 2019
.
Answers (1)
-
Using the book keeping equation, indicate the correct figure in the empty spaces provided.
(Solved)
Using the book keeping equation, indicate the correct figure in the empty spaces provided.
Date posted:
March 2, 2019
.
Answers (1)
-
List down four machines used in the mail nom and their use.
(Solved)
List down four machines used in the mail nom and their use.
Date posted:
March 2, 2019
.
Answers (1)
-
Indicate the account in which the following entries as made.
(Solved)
Indicate the account in which the following entries as made.
Date posted:
March 2, 2019
.
Answers (1)
-
Discuss the main sources of capital to small scale enterprises.
(Solved)
Discuss the main sources of capital to small scale enterprises.
Date posted:
March 1, 2019
.
Answers (1)
-
Indicate the type of resource represented by the following. (i) Forest (ii) Road (iii) Doctor (iv) Wildlife
(Solved)
Indicate the type of resource represented by the following.
Type of Resource
Forest
Road
Doctor
Wildlife
Date posted:
March 1, 2019
.
Answers (1)
-
The office performs a fundamental role in any business organisation.” Account for this statement.
(Solved)
The office performs a fundamental role in any business organisation.” Account for this statement.
Date posted:
March 1, 2019
.
Answers (1)
-
Highlight any four methods that the government can use to influence the quantity of a commodity supplied.
(Solved)
Highlight any four methods that the government can use to influence the quantity of a commodity supplied.
Date posted:
March 1, 2019
.
Answers (1)
-
Outline any four main principles of investment.
(Solved)
Outline any four main principles of investment.
Date posted:
March 1, 2019
.
Answers (1)
-
)(i)Outline four circumstances under which middlemen can be eliminated from the chain of distribution.(ii)The table below shows the trends in inflation rates of country...
(Solved)
(a)(i)Outline four circumstances under which middlemen can be eliminated from the chain of distribution.
(ii)The table below shows the trends in inflation rates of country x.
Year--------Inflation rates.
2007---------15%
2008---------22%
2009---------40%
Explain five possible factors that may have contributed to the above trend.
Date posted:
March 1, 2019
.
Answers (1)
-
Identify four services that can be conveniently paid for using standing orders (bank orders)
(Solved)
Identify four services that can be conveniently paid for using standing orders (bank orders)
Date posted:
March 1, 2019
.
Answers (1)
-
In the spaces provided, name the type of business organisation described by each of the following features.
Description Business organisation
a)Each member has only one vote
b)The business enjoys...
(Solved)
In the spaces provided, name the type of business organisation described by each of the following features.
Description Business organisation
a)Each member has only one vote
b)The business enjoys perpetual succession
c)Each member may act on behalf of the business
d)Formed by an act of parliament
Date posted:
March 1, 2019
.
Answers (1)
-
Outline any four importance’s of advertising as a sales promotion method.
(Solved)
Outline any four importance’s of advertising as a sales promotion method.
Date posted:
March 1, 2019
.
Answers (1)
-
(i)Explain five types of unemployment in an economy.(ii)Explain five factors that may limit adoption of modern technology in business operation.
(Solved)
(i)Explain five types of unemployment in an economy.
(ii)Explain five factors that may limit adoption of modern technology in business operation.
Date posted:
March 1, 2019
.
Answers (1)
-
Explain any four problems that Kenya would experience from participating in international trade.
(Solved)
Explain any four problems that Kenya would experience from participating in international trade.
Date posted:
March 1, 2019
.
Answers (1)
-
Highlight any four characteristics of money that enables it to serve its purpose efficiently.
(Solved)
Highlight any four characteristics of money that enables it to serve its purpose efficiently.
Date posted:
March 1, 2019
.
Answers (1)