KCSE Business Studies Topical Questions and Answers

Give four reasons for observing ethical practices in product promotion. (4 marks)

8/12/2020

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Reasons for observing ethical practices in product promotion

Reasons for observing ethical practices in product promotion include:

Ensures fair competition among businesses.
Ensures consumer’s interests are protected eg. false advertisement, overpricing.
Ensures that businesses comply with the law.
It protects the environment from degradation.
improves the image of the business.
Maintain morality in the society/cultural values.

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State four differences between life assurance and general insurance. (4 marks)

8/12/2020

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Differences between life assurance and general insurance

LIFE ASSURANCE	GENERAL INSURANCE
(i) Has surrender value	No surrender value
(ii) Long term contract	Short term contract / annual contract
(iii) Can be assigned to beneficiaries	Cannot be assigned to beneficiaries I third party.
(iv) Principle of indemnity will not apply.	Principles of indemnity applies.
(v) Assured benefits from double insurance.	Insured loses out on double insurance.
(vi) Principle of subrogation will not apply	Principle of subrogation will apply.
(vii) It deals with Life	It deals with property
(viii) Risk is certain	Risk may or may not occur

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State four disadvantages of using internet as a means of communication. (4 marks)

8/12/2020

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Disadvantages of using internet as a means of communication

Disadvantages of using internet as a means of communication include:

Most hardware required is expensive to buy/ acquire.
Accessing I using the internet is expensive/software;
Requires knowledge and skills to operate;
Prone to attack by fraudsters/hackers/lacks confidentiality;
Affected by lack / disruptions of network/links;
It may be affected by computer virus;
Limited internet connectivity;
It may be affected by power failure;
It is prone to network overload (congestion).

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Outline four methods that the Government of Kenya uses to regulate business activities. (4 marks)

8/12/2020

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Methods that the Government of Kenya uses to regulate business activities

Methods of regulating business activities in Kenya include:

Licensing business activities;
Setting of standards;
Formulation of policies/enacting laws/legislation;
Setting quotas;
Enforcement of laws;
Imposing total ban;
Subsidizing business;
Taxation;
Price control.

methods that the Government of Kenya uses to regulate business activities

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Give four reasons for the increased use of mobile phones in banking. (4 marks)

7/12/2020

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Reasons for the increased use of mobile phones in banking

Reasons for the increased use of mobile phones in banking includes:

Safer than carrying cash. .
Easy to transact.
It is convenient because transactions can be conducted anywhere.
It saves on time since there is no travelling and queuing for the services.
The speed of transaction is fast.
It reduces paper work by eliminating the need for physical files and other documentations.
The use of PIN enhances security.
Increased ownership of mobile phones.
Transactions can be conducted at any time.
Reduced transaction costs.
Easy access to transaction records.

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State four circumstances under which hire purchase may be used to acquire goods. (4 marks)

7/12/2020

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Circumstances under which hire purchase may be used to acquire goods

Circumstances under which Hire purchase may be used to acquire goods include:

When the buyer does not have enough money to pay at once.
When the product is expensive.
When the buyer wants to use the item immediately before completing paying.
When the buyer is a salaried employee/has regular income.
When the buyer desires to own luxurious items.
When the buyer wants to save in the form of goods.
When the goods are durable in nature.
When the goods can generate income to pay the installments.

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Highlight four factors that may influence a consumer to purchase products from a kiosk rather than a supermarket. (4 marks)

7/12/2020

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Factors that may influence a consumer to purchase products from a kiosk rather than a supermarket

Factors that may influence a consumer to purchase products from a kiosk rather than a supermarket include:

Kiosks may offer credit facilities without any security offered.
Kiosks bring goods closer to consumers.
Kiosks provide sizes/quantities consumer can afford.
Kiosk owners have personal contact/touch with consumers.
Kiosks may be accessed beyond the normal working routine when the need arises.
Kiosks may allow for bargaining.
Kiosks may offer advice.
To promote the kiosk owner.

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Outline four ways in which the office facilitates effective handling of documents. (4 marks)

7/12/2020

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Ways in which the office facilitates effective handling of documents

Ways in which the office facilitates effective handling of documents includes:

Receiving documents
Recording documents
Reproducing documents
Distributing / mailing documents
Storing/filing of documents.
Employing qualified staff.
Safeguarding documents.
Provision of relevant equipment.

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List four types of utility and the production activity associated with each of them. (4 marks)

7/12/2020

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List four types of utility and the production activity associated with each of them.

Types of utility and the production activity associated with each of them.


	Utility	Production activity
(i)	Time	Warehousing /storage
(ii)	Place	Transport
(iii)	Form	Manufacturing/processing/construction
(iv)	Possession	Trade/exchange

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What are the reasons that would make an individual engage in business? (4 marks)

6/12/2020

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Reasons that would make an individual engage in business

Reasons that would make an individual engage in business include:

Provision of goods and services.
provision of employment.
Exploitation of economic resources.
Exploitation of individuals creativity/innovation/talents/hobbies/skills
To earn a profit/income.
To be self reliant and independent/own boss.
To make use of spare time.
For prestige
To take advantage of government incentives eg. loans for youth and women.

What are the reasons that would make an individual engage in business?

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Give four reasons for observing ethical practices in product promotion. (4 marks)

Reasons for observing ethical practices in product promotion

State four differences between life assurance and general insurance. (4 marks)

Differences between life assurance and general insurance

LIFE ASSURANCE

GENERAL INSURANCE

State four disadvantages of using internet as a means of communication. (4 marks)

Disadvantages of using internet as a means of communication

Outline four methods that the Government of Kenya uses to regulate business activities. (4 marks)

Methods that the Government of Kenya uses to regulate business activities

Give four reasons for the increased use of mobile phones in banking. (4 marks)

Reasons for the increased use of mobile phones in banking

State four circumstances under which hire purchase may be used to acquire goods. (4 marks)

Circumstances under which hire purchase may be used to acquire goods

Highlight four factors that may influence a consumer to purchase products from a kiosk rather than a supermarket. (4 marks)

Factors that may influence a consumer to purchase products from a kiosk rather than a supermarket

Outline four ways in which the office facilitates effective handling of documents. (4 marks)

Ways in which the office facilitates effective handling of documents

List four types of utility and the production activity associated with each of them. (4 marks)

List four types of utility and the production activity associated with each of them.

Utility

Production activity

What are the reasons that would make an individual engage in business? (4 marks)

Reasons that would make an individual engage in business

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