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KCSE business studies paper 1 revision questions and answers Set 2

KCSE business studies paper 1 revision questions and answers Set 2

Lessons (21)

• 1.    Define the following terms as used in business studies i)Economics ii)Entrepreneurship iii)Opportunity Cost iv)Scale of preference.
  3m 3s

• 2.    Highlight four reasons why food is an important basic need.
  1m 30s

• 3.    Outline four importance of warehouse to a consumer.
  2m 21s

• 4.    Outline four requirements for one start a limited liability company as one of the forms of business units
  1m 2s

• 5.    Highlight four factors a firm may take into account when deciding on the products to produce.
  2m 48s

• 6.    Highlight four ways in which entrepreneurs can observe ethics in the management of their business
  2m 28s

• 7.    The following information was extracted from the books of Agnes business enterprise for the year ended 30th june 2000 Capital as at 30th june 2000-640,000 Capital as at 1st july 1999-420,000 Drawing for the year-180,000 Net profit for the year-140,000 Determine the additional capital during the year.
  3m 1s

• 8.    Highlight four circumstances in which one may convey verbal communication.
  2m 46s

• 9.    Below is a demand and supply curve Highlight the factors that may have caused the supply curve to shift rightward direction.
  3m 15s

• 10.    Outline four circumstances under which a trader may issue a credit note to a customer.
  1m 54s

• 11.    Give the difference between: a)Double and co-insurance b)Premiums and Surrender value
  3m 11s

• 12.    Highlight four advantages of indirect tax.
  2m 5s

• 13.    Highlight four ways in which an illegal political environment can impact negatively entrepreneurs
  2m 19s

• 14.    Highlight four duties of commercial attache’ in trade promotion
  2m 6s

• 15.    Identify the book of original entry each of the following transactions can be posted. i)Paid salaries by cheque ii)Returned goods to a supplier. iii)Sold goods on credit iv)Bought delivery van on credit
  1m 28s

• 16.    Outline three factors that constitute leakages out of a circular flow of income
  0m 59s

• 17.    Outline four advantages of using celebrities in product promotion
  2m 16s

• 18.    Distinguish between the following terms of sale as used in international trade. a)Free on rail b)Free on board(FOB) c)In bond d)On nearest Offer (ONO)
  2m 31s

• 19.    Kenya is planning to extend her pipeline transport network. State four advantages of pipeline transport to the country
  2m 19s

• 20.    Outline four emerging issues in office management
  2m 40s

• 21.    Highlight four features of perfect competition market
  1m 26s