question archive 1) Highlight any four problems that a country may experience when it has decentralized its industries
1) Highlight any four problems that a country may experience when it has decentralized its industries
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1) Highlight any four problems that a country may experience when it has decentralized its industries.
2. Highlight any four characteristics of money that enables it to serve its purpose efficiently. 4mks
3. Explain any four problems that Kenya would experience from participating in international trade. 4mks
4. Outline any four importance's of advertising as a sales promotion method. 4mks
5. Highlight any four ways in which insurance companies make profits. 4mks
6. Mention four of the contents in the articles of association. 4mks
7. In the spaces provided, name the type of business organisation described by each of the following features. 4mks
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 .............................................
8. Identify four services that can be conveniently paid for using standing orders (bank orders) 4mks
9. Give any four reasons why the Kenyan government is actively involved in licencing
business activities. 4mks
10. Outline any four main principles of investment 4mks
11. Explain the meaning of the following terms. 4mks
i) Par value
ii) Blue chips
iii) Cum right or Ex-Right
iv) Tilt Edged securities
12. The following is a summary of transactions for Ryan Traders for the month of April 2002.
2nd April - Commenced business with shs. 12,000 in cash and shs. 150,000 at the bank
3rd April - Made cash sales amounting to shs. 6,000
5th April - Received cash shs. 16,000 from a debtor
12th April - Paid for motor expenses shs. 7,000 in cash
13th April - Drew shs. 30,000 from bank for office use
15th April - Paid salaries in cash amounting to shs. 15,000
17th April - Bought furniture worth shs. 18,000 paying by cheque.
18th April - Paid expenses amounting to shs. 15,000 by cash
19th April - Cash sales of shs. 40,000 received by cheque
23rd April - Paid shs. 20,000 cash into the bank
25th April - Paid a creditor shs. 16,000 by cheque
You are required to prepare two-column cash book for Ryan Traders for the month of April 2002. 8mks
13. Highlight any four reasons why the Kenyan government finds it necessary to train businessmen. 4mks
14. The following balances were extracted from the books of A & B Co. as at 1st April 2002.
Capital shs. 200,000
Fixed Assets shs. 180,000
Current Assets shs. 40,000
Current Liabilities shs. 20,000
During the month, the following took place.
i) Goods worth 50,000 were taken away from the business for personal use.
ii) Net profit of shs. 80,000 was realized.
Calculate capital as at 30th April 2002. 4mks
15. Other than advertising, mention any other four methods of sales promotion. 4mks
16. Highlight any four reasons why most businessmen do not prefer transferring their goods
via canals. 4mks
17. Alex is an employee of an advertising firm as a sales executive. He receives a salary of
Kshs. 10,000 plus commission of the following basis:-
On the first sales of shs. 100,000 - 2%
On the next shs. 200,000 - 5%
On the balance of sales - 10%
He sold an advertising space worth shs. 450,000 during the month of January 2002.
Calculate his total income for the month. 4mks
18. Highlight any four methods that the government can use to influence the quantity of a commodity supplied. 4mks
19. Indicate the type of resource represented by the following. 4mks
Type of Resource
Forest ......................................................................
Road ......................................................................
Doctor ......................................................................
Wildlife ......................................................................
20. Outline any four methods of determining prices in the market.
21. Write short notes on the following types of partners. 4mks
a) Active Partners
b) Minor partners
c) Quasi partner
d) Outgoing partner
22. "The office performs a fundamental role in any business organisation." Account for this statement.
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