Amina operates a fleet of Public Service Vehicles (PSVs).Explain five possible risks she can insure her business against.
Possible risks that Amina can insure her business against include:
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Discuss five benefits that a customer may get by using Automated Teller Machines (ATMs) for financial transactions.
Benefits that accrue to a customer who uses Automat teller machine ATMs include:
Explain five factors that an entrepreneur would consider when evaluating a business idea.16/12/2020 Explain five factors that an entrepreneur would consider when evaluating a business idea.
Factors that an entrepreneur would consider when evaluating a business idea
include:
Discuss five problems that a country may face when measuring her national income using the output approach.
Problems that may be faced when measuring national income using the output approach include:
The information in the table below relates to product ZX whose unit price in the market is Shs 20.00.
(i) Determine total costs, total average costs, and marginal costs at each level of output. (8 marks)
(ii) Determine the units to be produced in order to maximize profits.(2 marks) Explain five benefits that a member country may get from economic integration.
Benefits that a member country may get from economic integration include:
Explain three factors that should be considered when choosing a means of transport.
Factors that should be considers in the choice of a means of transport include:
The following balances were extracted from the books of Kl00 Traders for the year ended 30th June 2008.
Additional information:
(i) Stock on 30th June 2008 was valued at shs 120,000. Prepare: (i) Trading, Profit and Loss accounts for the year ended 30th June 2008. (9 marks) (ii) Balance sheet as at 30th June 2008. (5 marks) Explain five ways of making face-to-face communication effective.
Ways of making face to face effective include:
Describe five principles that distinguish co-operative societies from other forms of business organizations.
Explain five negative effects that inflation may have on the economy of a country.
Commodities A and B are substitutes. Using two diagrams, explain how an increase in the supply of commodity A will affect the equilibrium price and quantity demanded of commodity B.Related Business Studies Quiz and Answers on Forms of Business Units Form 2 LevelThe diagram below represents the long-run equilibrium of a firm under monopolistic competition.Name the curves represented by the letters a, b, c, and d.
Name the curves represented by the letters a, b, c, and d.
(i) a is (ii) b is (iii) c is (iv) d is
The curves represented are:
Highlight four challenges that a person may encounter when using a cellphone (mobile phone).16/12/2020 Highlight four challenges that a person may encounter when using a cellphone (mobile phone).
Challenges that may be faced when using a cell-phone (mobile phone) include:
Outline five measures that a manager can take to improve the working environment in the office.16/12/2020 Outline five measures that a manager can take to improve the working environment in the office.
Measures that a manager can take to improve the working environment in the office include:
State four circumstances under which one may decide to start a personal business.
Ways in which a business idea can be implemented include:
State four circumstances under which one may decide to start a personal business.
Circumstances under which one would decide to start a personal business include:
The diagram below represents the relationship between population and income per capita.
State what is represented by P and S axes, and letters R and Q.
(i) P(axis) . (ii) S (axis) . (iii) R (iv) Q
The letters represent. ‘
State four reasons why flower exporters would transport their produce by air rather than by sea.16/12/2020 State four reasons why flower exporters would transport their produce by air rather than by sea.
The flower exporter would choose air transport over sea due to the following reasons:
State four services that a wholesaler may offer to a manufacturer.
Services that a wholesaler may offer to a manufacturer include:
State four problems associated with development planning.
Problems associated with development planning include: Inadequate data
Outline four ways in which government expenditure may stabilize the economy of a country.16/12/2020 Outline four ways in which government expenditure may stabilize the economy of a country.
Ways in which government expenditure stabilizes the economy of a country include:
The terms capital employed, working capital, owner’s equity and borrowed capital are types of capital found in a business. Match each of the statements given below with the relevant type of capital.
Matching statements on capital with types of capital
Outline the difference between cash and credit transactions.
Difference between cash and credit transactions: .
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