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Wednesday 11 July 2012

BUSINESS STUDIES PAPER 1 QUESTIONS


565/1
BUSINESS STUDIES
PAPER 1
MARCH /APRIL 2012

FORM 4
1. Explain the following a used in the satisfaction of human wants.               (4 marks)
a) Utility
b) Producer goods
c) Scarcity and choice

d) Scale of preferences
2. Outline four factors that may account for predominant direct product ion in a country (4marks)
Shares                                                               Debentures
a)

b)

c)

d)

3. Differentiate between shares and Debentures                                                    (4 marks)
a)
b)
c)
d)
4.         The following diagram shows a demand curve A. Calculate the price Elasticity of
demand for product A















5.         The following information was obtained from the books of JASHO TRADERS at
the end of a trading period
                                     Ksh
Opening stock             65,000
Sales                           300,000
Purchases                  180,000
Sales Returns               5,000
Closing stock             42,000
Calculate the gross loss of the business.
6. List four functions of the Kenya Bureau of Standards (KEBS)              (4 marks)
a)
b)
c)
d)
7. State four (4) factors that limit the number of entrepreneurs in an area.  (4 marks0
a)
b)
c)
d)
8. The following information was found in the books of Joy Traders
Output
Total cost
Average cost
Marginal cost
0
1
2
3
4
55
70
82
87
92



Complete the columns for average cost and marginal cost.
9.         Outline four (4) reasons why inland water transport is not popular as means of transportation in Kenya
a)
b)
c)
d)

10.       Organizing is a major function in business management. Highlight four benefits of organizing that an entrepreneur will enjoy                                                            (4 marks)
a)
b)
c)
d)
11.       Highlight four circumstances under which firm may acquire oligopoly power
                                                                                                                                (4 marks)
a)
b)
c)
d)
12.       Outline four important uses of measuring national income in a country   (4 marks)
13.       Ananda sita intends to set up a modern University in Eldoret. Outline four factors that will influence her choice of office layout                                            (4 marks)
14.       Give four ways in which consumers may benefit when producers compete in product promotion.                                                                                     (4 marks)
a)
b)
c)
d)
15. T he following details were extracted from the books of Omino enterprises for the year ended 31st Dec. 2009.
                                                     Ksh
Opening capital                        105,000
Capital introduced                     15,000
Drawings                                      6,000
Closing capital                          135,000
Determine the profit or loss for the year                                                        

16. In the table, fill in by stating whether each of the following transaction will increase, decrease or have no effect on the capital of the business.


Transaction
Effects on capital
a)      The business made profit
b)       Bought stock of good
c)      Withdrawal of stock for own use.
d)     Paid creditors by giving up an old machine


17. State four main cooperative principles.                                              (4 marks)  

a)
b)
c)
d)
18. List four documents used in home trade at the order stage.                (4 marks)

a)
b)
c)
d)
19. Mamati has just taken a whole life policy and is complaining that his premiums are very high. Outline four reason why the premium may be high.                 (4 marks)


20. Highlight four (4) disadvantages of an ageing population.                   (4 marks)
a)
b)
c)
d)
21. Highlight four benefits that may accure to an organization that practices effective communication.                                                                                         (4 marks)
a)
b)
c)
d)
22. State four advantages of bonded warehouse to the government.         (4 marks)
a)
b)
c)
d)
23. Identify the factors can cause an increase in the demand of a product.          (4 marks)
)
)
)
)
24. The following are some of the source documents used in business.
             I.      Credit note received Invoice
          II.      Credit note issued
       III.      Cash sale slip

March each of the following books of original entry with relevant source document 
 (4 marks)
Books of original entry
 Source of document
a) Cash book

b) Sales day book

c) Returns inwards daybook

d) Returns outward daybook


25. Highlight four services that the Central Bank of Bank of Kenya may offer as a banker top commercial banks.                                                                                  (4 marks)
a)
b)
c)
d)


5652
BUSINESS STUDIES
PAPER 2
MARCH/APRIL 20101
THE ELDORET EAST INTER SCHOOLS EXAMINATION 20101
Kenya Certificate of Secondary Education
FORM FOUR

565/2
BUSINESS STUDIES
PAER 2
MARCH/APRIL 2010
Instruction to candidates
This paper contain six questions
Answer anf five questions
Begin your answer on a new page

This paper consist of 3 printed pages
 Candidate should check the question paper to ascertain that all the pages are printed as indicated and no Questions are missing.,




1.a) Mr.Kirwa an artist decided to take his new products to the trade fairs and exhibition .Explain five benefits he will get from the exhibition.(10mks)

b) Explain five circumstances under which both retailer and wholesalers may be eliminated from the chain of distribution.(10mks)

2a)Trade can be said to be backbone of many Economics in the world, Identify and explain five main roles trade plays in the economy of Kenya.(1omks).

b) Explain five factors that may influence the price elasticity of demand for  a product.(10mks)
3. a) Explain five internal economies of scale that may accrued to a single firm that expands its production capacity                                                            10mks).
b) Explain five services that central Bank of Kenya offers to Commercial Bank (10mks).
4.a) Explain five circumstances under which an organization would prefer to us letters for its official communication                                                                         (10mks).
B) The following balances were extracted from the books of Maendeleo Traders as at 31st Dec 2008.
sh
Purchases                                            500,000
Sales                                                    800,000
Rent Received                                    230,000
Cash Received                                    140,000
Drawings                                             240,000
Premises                                              1,570,000
Creditors                                             420,000
Capital                                                 1,000,000
Prepare the Trail Balance of Maendeleo Traders as at 31st Dec 2008            (10mks).

5. (a) Explain five emerging issues in the management of business.              (10mks)

b) Sina Chuki Traders had cash in hand sh.12, 600 and at BANK SH.25, 420 ON 1st January 2008.          The following transactions took place during the Month of January.
Jan 2:   Cash sales sh.3000
Jan 3;   Paid transport expenses sh.2500 cash.
Jan 5: Kemboi settle his account of shs.3420 by cheque after deducting 5% cash discount.
Jan 7.Drew sh.5500 from the bank for personal use.
Jan 8: paid the following creditors by cheque and in each case deducted 3% CASH discount.P.Mwangi sh.4200.K.Kosgei sh.2100.J.Otieno, sh.2700.P Nasimiyu sh.52, 000
Jan 16.Received the following cheques from debtors after had deducted cash account of 2% in each case.J.mumnene sh.9800.W.Akila sh.7180, S.Odhiambo sh.2600
Jan 25: Paid for salaries and wages by cheque sh.17, 500
Jan 30: Paid general expenses sh.1500 in cash.
Required a three column cash book.                           (10mks.)
6.a) Describe four circumstances under which an insurance company may find it necessary to 
        reinsure.(8mks)

b) Maji MATAMU traders had the following balance as at 31st December 2009.
(Kshs.)
Premises                                                                      540,000
5 YEAR bank loan                                                     472,500
Sundry Debtors                                                           116,900
Sundry Creditors                                                        227,000
Furniture and fitting                                                   408,170
Cross Profit                                                                 520,600
Motor vehicles                                                            900,000
Discount Allowed                                                       142,000
Lighting                                                                      25,200
Interest on Loan                                                          1,200
Rent Received                                                            120,000
Repairs on premises                                                    60,000
Repairs on furniture and fitting                                  72,030
Repairs on motor vehicles                                           300,000
General Expenses                                                        102,100
Capital                                                                         1,200,000
Closing stock                                                              72,500
REQUIRED
Prepare
a) Profit and loss account for the year 31st December 2009.
b) Balance sheet as at 31st December 2009.

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