A trader has decided to take a loan to expand his business.Give two reasons why it is beneficial to borrow from non-bank financial institutions.(Answered) State four ways that may be used to control the amount of money in circulation by the central Bank of Kenya.(Answered) Outline four benefits enjoyed by a user of e-banking service(Answered) Explain the services offered by commercial banks to their customers.(Answered) Describe four ways in which a non-bank financial institutions differ from the commercial banks.(Answered) Explain five disadvantages of using a bank overdraft as a source of finance.(Answered) Explain five services that the central bank of Kenya offers to commercial banks.(Answered) A business man wishes to obtain a loan from a commercial bank. Highlight five conditions that he should satisfy before the bank can grant him the loan.(Answered) Describe methods which may be used by commercial banks to advance money to customers.(Answered) Explain five ways in which the central bank of Kenya may control the supply of money in the economy(Answered) Outline the benefits that a bank customer gets from operating a current account.(Answered) Explain five ways in which banks contribute to the development of Kenya.(Answered) State four banking services that the central bank provides to the government(Answered) Highlight four reasons why loans advanced by commercial banks in Kenya may not appeal to many people.(Answered) List four functions of development banks(Answered) State four methods that the central bank may use to control credit.(Answered) Outline five reasons why money is widely used in many economies(Answered) List four characteristics of money.(Answered) State four limitations of barter trade.(Answered) State how a credit transfer is used as a means of transferring money through the commercial banks.(Answered) Discuss five reasons why less developed countries are reluctant in implementing free trade agreement(Answered) Outline four ways that the world bank may use to assist developing countries to improve their economy.(Answered) Explain how the IMF is beneficial to developing economies(Answered) Outline reasons why a country would impose measures aimed at restricting trade with other countries.(Answered) Highlight five ways in which the bill of lading is useful to an importer of goods.(Answered) The domestic currency of a particular country has been depreciating over time. Highlight five disadvantages of the depreciating of the country.(Answered) Highlight five benefits that Kenya gets from tading with other countries.(Answered) Explain the factors that may lead to deteriorating terms of trade in a country.(Answered) Country X has obtained a surplus in its balance of payment. Explain the factors that may have contributed to this.(Answered) Explain the significance of each of the following documents as used in international trade.
-Bill of lading
-Proforma invoice
-Indent
-Letter of credit
(Answered) Explain the meaning and significance of the following terms as used in foreign trade.
-Terms of trade
-Balance of payment
-Exchange rate
-Common market(Answered) Outline five transactions which are recorded in balance of payment account of a country.(Answered) Country X has recorded a surplus balance of payments from its foreign trade. Outline four ways in which the country can spend these surplus earnings.(Answered) Explain the following terms as used in international trade.
a)LOCO
b)F.O.R
c)F.A.S
d)Bill of lading(Answered) Outline four circumstances under which a proforma invoice may be used.(Answered) Highlight four problems a country may have by participating in international trade.(Answered) State the business document to which each of the following relates.
a)Informs the buyer when goods were dispatched and by what means
b)A request by the seller for payment in advance
c)Used to correct an undercharge in an invoice.
d)Shows details of the transactions between seller and buyer during a given period.(Answered) State four factors that may limit the success of trade agreements among African countries.(Answered) State measures that Kenya may take to promote her exports(Answered) State for methods of controlling imports(Answered) State four benefits that a country may derive from participating in international trade(Answered) Give four reasons why it may be necessary for a country to control imports(Answered) Outline four benefits that Kenya derives by being a member of preferential Trade Area (PTA)(Answered) Name four parties to whom a business is responsible to(Answered) Write the meaning of the following initials as used in business studies.
a)C.W.O
b)C.O.D
c)I.O.U
d)E&O.E(Answered) State four factors considered when setting up a business.(Answered) Identify the factor of production represented by:
a)Jembe
b)farm workers
c)Seeds
d)Owner(Answered) State four reasons why businesses exist in society(Answered) Name four types of wholesalers(Answered) Highlight four reasons that may lead to dishonouring of a cheque(Answered) Give four reasons why supermarkets are popular in Kenya(Answered) Outline four factors considered in choice of an office layout(Answered) Outline how a business plan is useful to an entrepreneur(Answered) Outline the differences between
a)Producer goods and consumers goods
b)Perishable goods and durable goods
(Answered) Highlight the characteristics of capital as a factor of production(Answered) Give a term to represent the statements below.
i)Limited resources hence one cannot create enough goods and services
ii)A decision to satisfy some wants due to limited resources
iii)A list of unsatisfied wants in order of priority
iv)The cost of satisfying a want in terms of forgone alternative(Answered) Outline four ways by which a business uses its internal environment to ensure its success(Answered) Outline four ways by which business study benefits the society(Answered) Mention four types of utility(Answered) Highlight four trends in office management(Answered) Outline disadvantages of an enclosed office layout(Answered) Outline four advantages of using cash as a means of payment(Answered) Outline four causes of an overcharge of an invoice(Answered) State four contents of a quotation(Answered) Outline four features of a departmental store(Answered) Give four advantages of small scale retailers(Answered) Outline four factors that influence the efficiency of human resources(Answered) Management, junior staff or support staff are categories of office staff. ,match the categories with the descriptions below.
a)facilitate cleaning of the working areas
b)Offering guidance and leadership to other employees
c)Performing general and specifics duties assigned to them
d)Advising owners about the business(Answered) Outline four benefits that hawkers may have over shopkeepers(Answered) Define the following terms as used in business studies
a)Internet
b)Intranet
c)Website
d) Teleconferencing.(Answered) Explain four factors of an electronic filing system(Answered) Give four differences between goods and services(Answered) highlight four factors one should consider when selecting office equipment(Answered) State four ways in which consumers are exploited(Answered) State the term given to each of the following statements.
a)Activities carried out with a view of making profit
b)Increasing the usefulness of goods and services
c)A person who uses goods or services
d)Study of how human beings strive to satisfy their endless wants using scarce economic resources(Answered) Highlight four disadvantages of using a computer in the office(Answered) State any four features of indirect production(Answered) Outline four advantages of an enclosed office layout(Answered) Name four sources of business ideas(Answered) Outline four advantages of itinerant traders.(Answered) State two examples of the following
a) Basic wants
b) Secondary wants(Answered) Stephen started a business but after six months the business collapsed. Give four reasons that may account for this failure.(Answered) List four factors of production and their rewards(Answered) State four reasons why a business plan is important(Answered) Give four advantages of using office machines(Answered) Outline four characteristics of human wants.(Answered) State four types of business activities(Answered) Name five categories of groups that a business is socially responsible to.(Answered) State four trends in modern office management(Answered) Highlight four services of retailers to consumers(Answered) Outline four ways in which the utility of a product may be improved(Answered) State four disadvantages of specialization of work.(Answered) Identify the types of small scale retailers described below
i)Its operations are guided by the host institution
ii)Commonly found in residential areas
iii)Sell goods of one manufacturer
iv)Operate at busy place such as bus stops, entrances to public buildings among others.(Answered) Identify four characteristics of an entrepreneur(Answered) Indicate whetha)soda ash-renewable
b)Gold
c)Solar energy
d)Gas-Non
e)Wind energy(Answered) Outline four characteristics of services.(Answered) Classify the following as either basic or secondary wants.
i)Shelter
ii)Education
iii)A car
iv)Food(Answered) Give four advantages of an open office layout(Answered) Identify the types of utilities described below
a)Changing raw materials into finished goods
b) Transporting goods closer to the consumer
c)Changing ownership of a good from the producer through to the consumer
d)Storing goods in a warehouse and releasing them for use at the time they are needed(Answered) Identify fives causes of business success(Answered)