KCSE Business Studies Topical Questions and Answers

The graph given below represents the demand and supply curves of milk.

2/12/2020

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The graph given below represents the demand and supply curves of milk

State four effects of a shift of the demand curve to the right. (4 marks)

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State four features of a parastatal. (4 marks)

1/12/2020

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Features of a parastatal

Provide essential services.
Not profit motivated.
Is formed by an Act of Parliament.
Is mainly funded by the government.
Is managed by government appointees.
Any surplus earned-is surrendered to the government.
Has limited liabilities. ‘
Attachment to a government ministry.
Can be dissolved only through an act of parliament

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State four features of an insurable interest. (4 marks)

1/12/2020

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Four features of an insurable interest

Presence of property rights or interest
Potential insurable risk must be present
The property must have monetary value
The insurable risk must be legal
There must be the possibility of suffering financial loss in case of a risk happening

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The following transactions relate to Jelimo Stores:

1/12/2020

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The following transactions relate to Jelimo Stores:

(a) 10th October 2015 sold unused stationery for Sh 3,000 on credit to K. Likia.
(b) 23rd October 2015, bought a motor vehicle on credit from Onjwaria Motors for Sh 700,000.

Required: Record the above transactions in the general Journal given below: (4 marks)

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Outline one circumstance under which each of the following telecommunication services may be used:

1/12/2020

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Outline one circumstance under which each of the following telecommunication services may be used: (4 marks)

(i) Paging
(ii) Facsimile (fax)
(iii) Radio call
(iv) Telex

(i) Paging
When there is need to call a person to attend to an emergency in a specfic location
(ii) Facsimile
Where there is need to send a copy of a printed document urger,.
(iii) Radio call
When there is need to give co-ordinated information through a central point
(iv) Telex.
Sending and receiving written messages

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State four ways in which a youthful population may be useful to an economy. (4 marks)

1/12/2020

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Ways in which a youthful population may be useful to an economy

Less expenditure on social security and pension.
Wider market for goods meant for the youth like clothing.
Guaranteed continuous supply of labour.
Flexibility and adaptability to technological changes which improve production.
Faster growth of some sectors like the music, fashion and fast food industries.
Increased innovation due to their adventurous nature.

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

1/12/2020

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Methods that the government of Kenya uses to regulate business activities

Licensing business activities
Setting of standards
Formulating of policies — enacting laws / legislation
Setting quotas
Enforcement of laws
Imposing total ban
Subsidizing businesses
Taxation
Price control

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Outline four circumstances under which a co-operative society may be dissolved. (4 marks)

30/11/2020

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Circumstances under which a co-operative society may be dissolved

Outline four circumstances under which a co-operative society may be dissolved. (4 marks)

By government order /change in the law.
Where the co-operative continuously make losses.
Where a stipulated majority of members agree to dissolve it.
By a court order.
Where the co-operative society has achieved objectives for which it was formed.

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Highlight four activities that may be carried out in a stock exchange market.

30/11/2020

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Activities that may be carried out in a stock exchange market

Highlight four activities that may be carried out in a stock exchange market. (4 marks)

Buying and selling of shares.
Mobilising savings for investment.
Listing of companies.
Issuing of new securities / raising capital.
Publication of statistical information.
Advising investors.

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State four ways in which a good filing system may facilitate the operations of an office. (4 marks)

30/11/2020

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Ways in which a good filing system may facilitate the operations of an office

State four ways in which a good filing system may facilitate the operations of an office. (4 marks)

Easy retrieval of information.
Office is kept tidy.
Information is preserved for future reference.
Security of documents is ensured.
Facilitates quicker decision making.
Ensures confidentiality of information by restricting access by unauthorized people

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Highlight four benefits of a business plan to an entrepreneur. (4 marks)

30/11/2020

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Benefits of a business plan to an entrepreneur

Highlight four benefits of a business plan to an entrepreneur. (4 marks)

Facilitates acquisition of loans from financial institutions and other financiers
Provides guidance for opening new or expanding existing business /adaptability
It acts as a management tool for the business / monitoring tool / identifies strengths
It’s a tool for evaluating business performance
It lays the strategy to be used in marketing the products
It enhances the credibility of the business
It’s a motivational tool
To avoid mistakes
Proper allocation of resources
To determine how much resources are required e.g. labour, capital etc. /source of capital
Will help to identify the nature and scope of the market.

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State four external factors that may negatively influence the operations of a business.

30/11/2020

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External factors that may negatively influence the operations of a business

State four external factors that may negatively influence the operations of a business. (4 marks)

Unfair competition.
Inadequate technology.
Unstable political environment.
Unstable economic environment.
Unfavorable legal frameworks.
Unreliable supply systems.
Strong consumer bargaining power.
Poor physical facilities and infrastructure.
Low population level
Insecurity.
Unfavorable socio-cultural environment.
Natural calamities.

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The graph given below represents the demand and supply curves of milk.

State four features of a parastatal. (4 marks)

Features of a parastatal

State four features of an insurable interest. (4 marks)

Four features of an insurable interest

The following transactions relate to Jelimo Stores:

Outline one circumstance under which each of the following telecommunication services may be used:

State four ways in which a youthful population may be useful to an economy. (4 marks)

Ways in which a youthful population may be useful to an economy

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

Outline four circumstances under which a co-operative society may be dissolved. (4 marks)

Circumstances under which a co-operative society may be dissolved

Highlight four activities that may be carried out in a stock exchange market.

Activities that may be carried out in a stock exchange market

State four ways in which a good filing system may facilitate the operations of an office. (4 marks)

Ways in which a good filing system may facilitate the operations of an office

Highlight four benefits of a business plan to an entrepreneur. (4 marks)

Benefits of a business plan to an entrepreneur

State four external factors that may negatively influence the operations of a business.

External factors that may negatively influence the operations of a business

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