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A private warehouse owner insured his warehouse valued at Kshs.400, 000 for Kshs600, 000
against risk of fire. The warehouse was later destroyed completely by fire including goods worth
shs 100,000.
Required:
i) Determine the amount of compensation paid by the insurance company
ii) Give a reason for your answer in (i) above
Date posted:
April 3, 2019
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Define the following types of marine insurance losses:-
(a) Total constructive loss
(b) General average loss
Date posted:
April 3, 2019
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State four reasons why few Kenyan take out life assurance policy
Date posted:
April 3, 2019
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Give the significance of the following principles to both the insurer and insured
i) Utmost good faith
ii) Indemnity.....
iii) Contribution
iv) Insurable interest..
Date posted:
April 3, 2019
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Kazi moto insured a motor vehicle against fire with MotoMoto company by paying
Kshs.300.000. later the car was destroyed at a garage and a compensation of Kshs. 400,000
were paid. Using insurance terms, state what each of the following stand for ;
a) Kazi Moto
b) Fire
c) Kshs 300,000
d) Moto Moto Company
Date posted:
April 3, 2019
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State four advantages of warehousing to a retailer
Date posted:
April 3, 2019
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State four functions of the purchases department of a warehouse.
Date posted:
April 3, 2019
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Outline four circumstances that would hinder a warehouse from functioning effectively.
Date posted:
April 3, 2019
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State four functions of warehousing
Date posted:
April 3, 2019
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The following are special delivery services provided by the post office:-post rest ante,
speed post, business reply service, express delivery. Match each description with the term
a) The arrangements to deliver the mail starts at the sender’s post office
b) The arrangement to deliver the mail starts at the addressees post office
c) Services offered to travelers who wish to receive correspondence while away from home
d) Service that relieves the customer of postage expenses
Date posted:
April 3, 2019
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Bucket ltd is an international pharmaceutical company. Under what circumstances can the firm
send its products to customers by air transport?
Date posted:
April 3, 2019
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Outline four differences between liners and tramps as in sea transport
Date posted:
April 3, 2019
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G4S Limited Company offer courier services to provide safe transportation services.
Highlight four other services offered by G4S Limited
Date posted:
April 3, 2019
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Outline three features of tramps that distinguish them from other sea transporters
Date posted:
April 3, 2019
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State four circumstances that make rail transport more desirable than road
Date posted:
April 3, 2019
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State four reasons why some local authorities in Kenya find it difficult to provide public utilities
Date posted:
April 3, 2019
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State four reasons why some local authorities in Kenya find it difficult to provide public utility
Date posted:
April 3, 2019
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Local leaders would like to see more business enterprises established within Ugenya.
Outline four measures the government can take to encourage investments in this region
Date posted:
April 3, 2019
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State four type of partnership businesses
Date posted:
April 3, 2019
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State four features of multinational corporation
Date posted:
April 3, 2019
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You have been charged with a duty of preparing an article of Association for your company;
state four items that you will include in your article of Association
Date posted:
April 3, 2019
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Highlight four ways in which the running of public corporations is ineffective in this country
Date posted:
April 3, 2019
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State four characteristics of incorporated business units
Date posted:
April 3, 2019
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Otwoma intends to start a business. Give four reasons why it is advisable for him to start a
retail business shop instead of buying shares in a public limited company
Date posted:
April 3, 2019
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Write the type of partner described by each of the following
statements
(i) One who is below 18 years of age
(ii) One who has unlimited liability
(iii) One who gets involved in the daily running of the business
(iv) One who allows his/her name to be used in the business
Date posted:
April 3, 2019
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Give four hitches faced by the government of Kenya in the endeavor to privatize state
firms
Date posted:
April 3, 2019
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State four requirements necessary to secure a loan from the SACCO’s
Date posted:
April 3, 2019
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Mama Cindy purchased 100 packets of sweets worth kshs1625.if she was allowed a 5%
quantity discount and 2 ½% cash discount, calculate the price she paid per packets of sweets
Date posted:
April 3, 2019
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Identify four essentials of a valid bill of exchange
Date posted:
April 3, 2019
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A trader sold a bag of sugar at Kshs.4000. The buyer was allowed a trade discount of 10%. If he
pays the debt in two weeks and cash discount of 3% if payment is made within one month.
Calculate the amount the trader received if the buyer paid within 15days
Date posted:
April 3, 2019