State four reasons why consumers need protection from unscrupulous traders(Answered) Outline four contents of the articles of association as a document required by registrar of companies(Answered) Outline four features of departmental store(Answered) Outline four measures that may be taken by an office to safeguard the property of the organization.(Answered) State four factors that an entrepreneur would consider before investing in a business opportunity(Answered) The information below describes some terminologies used in Business studies.Identify the terms given to each statement.
a)Activities carried out with a view of making profit
b)Increasing the usefulness of goods or services
c)Movement of goods from producers to consumers
d)A person who uses a good or a service(Answered) Highlight four circumstances that can lead to creation of a monopoly(Answered) The following information relates to benja retail shop as at 31st December,2006
Opening stock sh.80,000
Closing stock sh.100,000
Sales sh. 325,000
Rate of stock turnover 3 times
Calculate :
i) The cost of goods sold
ii)The gross profit(Answered) Highlight four ways in which an office manager can ensure that the company’s property is safeguarded.(Answered) The following are daybooks used in recording business transactions. State the relevant source document used to record information in each of the daybooks
a)sales journal
b)Cash receipt journal
c)Purchases return journal
d)Cash payment journal(Answered) Outline four reasons why it is important for the government to undertake taxation(Answered) The demand for commodity X doubled in six months though the price of the commodity remained the same over the same period.
Outline four factors that may have contributed to the increase.(Answered) Kamau,a manufacturer, exhibited his goods in a local trade show. However, his sales did not increase significantly. Outline four reasons that may have led to lack of significant sales increase.(Answered) Identify four reasons why most countries are getting rid of direct production(Answered) Outline Four circumstances under which gaps in the market may be identified(Answered) Outline four factors that can accelerate economic development in a country(Answered) Nzundu and Hurry bought a building for sh. 12,000,000. Nzundu paid 8,000,000 while hurry paid 4,000,000. The building was insured for 8,000,000 against the risk of fire. Later the building was partially destroyed by fire to a tune of sh. 6,000,000
a) State the amount of compensation likely to be paid by the insurance company
b) Calculate the amount of compensation that each one will receive based (Answered) Give four malpractices against which consumers may need protection.(Answered) State four factors that limit the efficiency of co-operatives in delivering services to their members(Answered) Outline four means used by commercial banks to transfer money.(Answered) Highlight four advantages of sending parcels by courier services(Answered) Outline four differences between a debit note and a credit note as a business documents.(Answered) Post the following transactions in relevant ‘T’ accounts.
a)Started a business by depositing in the bank a cheque of sh 10,000 on 2nd January 2014
b)Withdrew cash sh 2,000 from the bank for business use on 5th January 2014
c)Ngithi a debtor paid sh. 4,000 in cash on 10th January 2014
d)Withdrew cash sh.1,000 from the business for personal use on 16th January 2014(Answered) State four ways in which consumers are likely to suffer in a situation where there is no warehouse(Answered) In each of the following cases, state the type of inflation described
a)A rise in prices due to an increase in money supply
b)A rise in prices due to an increase in the prices of factors of production
c)A rise in price due to buying expensive goods from foreign countries
d)A rise from decision by firms to increase their profit margins by increasing prices of their products.(Answered) Outline four factors that hinder economic integration.(Answered) Highlight four advantages of using pipeline as a means of transport(Answered) Highlight four factors that may influence an investor to locate his factory in rural areas(Answered) Give reasons why it is difficult to satisfy human wants.(Answered) Highlight four features of perfect competition market(Answered) Outline four emerging issues in office management(Answered) Kenya is planning to extend her pipeline transport network. State four advantages of pipeline transport to the country(Answered) 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)(Answered) Outline four advantages of using celebrities in product promotion(Answered) Outline three factors that constitute leakages out of a circular flow of income(Answered) 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(Answered) Highlight four duties of commercial attache’ in trade promotion(Answered) Highlight four ways in which an illegal political environment can impact negatively entrepreneurs(Answered) Highlight four advantages of indirect tax.(Answered) Give the difference between:
a)Double and co-insurance
b)Premiums and Surrender value(Answered) Outline four circumstances under which a trader may issue a credit note to a customer.(Answered) Highlight factors that may cause a supply curve to shift rightward direction.(Answered) Highlight four circumstances in which one may convey verbal communication(Answered) 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.(Answered) Highlight four ways in which entrepreneurs can observe ethics in the management of their business(Answered) Highlight four factors a firm may take into account when deciding on the products to produce.(Answered) Outline four requirements for one start a limited liability company as one of the forms of business units(Answered) Outline four importance of warehouse to a consumer.(Answered) Highlight four reasons why food is an important basic need.(Answered) Define the following terms as used in business studies;
i)Economics
ii)Entrepreneurship
iii)Opportunity Cost
iv)Scale of preference.(Answered) Highlight four services that the central bank of Kenya may offer as a banker to commercial bank.(Answered) The following are some of the source documents used in business
i)Credit note received
ii)Invoice issued
iii)Credit note issued
iv)Cash sale slip
Match each of the following books of original entry with relevant source document
a) Cash book
b) Sales day book
c) Return inward day book
d) Return outward day book(Answered) Identify the factors that may lead to an increase of demand of a product in the market.(Answered) State four advantages of bonded warehouse to the government.(Answered) Highlight four benefits that may occur to an organization that practices effective communication(Answered) Highlight four disadvantages of ageing population(Answered) Mutua and Mutuku both have taken life insurance policies. Outline the reasons why the two may not pay the same amounts as premiums(Answered) List four documents used in home trade in the order stage.(Answered) State four principles of co-operatives movement in Kenya.(Answered) In the below spaces, fill by stating whether each of the following transactions will increase, decrease or have no effect to the capital of the business
a)The business made profit
b)Bought stock of goods
c)Withdrawal of stock for own use.
d)Paid creditors by giving up an old machine(Answered) The following details were extracted from the books of Omino enterprises for the year ended 31st dec 2009
Opening capital sh. 105,000
Capital introduced sh 15,000
Drawings sh. 6,000
Closing capital sh. 135,000
Determine the profit or loss for the year.
(Answered) Give four ways in which consumers may benefit when producers compete in product promotion(Answered) Outline factors that will influence choice of an office layout(Answered) Outline four importance uses of measuring national income in a country.(Answered) Highlight four circumstances under which a firm may acquire oligopoly power(Answered) Outline four types of errors that may cause a trial balance not to balance(Answered) Outline four reasons why inland water transport is not too popular as a means of transport in Kenya.
(Answered) The figure below shows an increase in supply for a commodity from ss to s1s1
State four possible causes that have led to this situation.
(Answered) State four factors that limit the number of entrepreneurs in an area.
(Answered) List four functions of the Kenya Bureau of statistics.(Answered) The following information was obtained from the books of JASHO TRADERS at the end of a trading period.
Opening stock-sh. 65,000
Sales- sh. 300,000
Purchases- sh.180,000
Sales return- 5,000
Closing stock 42,000
Calculate the gross profit of the business(Answered) What do you understand by the following terms?
-free goods
-Producer goods
-Public goods
-Non-material goods(Answered) Differentiate between shares and debentures.(Answered) Outline four factors that may account for predominance of direct production in a country.(Answered) Explain the following as used in satisfaction of human wants.
-Utility
-Producer goods
-Scarcity and choice
-Scale of preference(Answered)