BUSINESS STUDIES FORM 3 PAPER 1 TERM 1 2022 MODEL28092022001
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Explain four ways in which man uses clothing to satisfy his wants (4mks)
Usefulness of clothing to man.
Name four types of marine insurance policies. (4mks)
Four types of marine insurance policies.
Describe the following types of unemployment:(i) Disguised unemployment (2mks)
Disguised unemployment - this is where more workers are employed than are necessary in an organization. Under this circumstance, dismissal of some of the workers will not cause the overall output of the organization to fall.
(ii) Seasonal unemployment (2mks)
Seasonal unemployment - it arises as a result of the seasonality of work. It occurs where production is not continuous e.g in the agricultural sector, many people are employed to prepare farms for planting, but after planting is done, such workers have no further work to do until harvest time. They remain unemployed for the period in between. After harvesting, they again remain unemployed until the land will need preparation for next planting.
List four factors that are likely to hinder economic development in Kenya. (4mks)
Four factors that are likely to hinder economic development in Kenya.
Name four possible barriers to international trade. (4mks)
Four possible barriers to international trade.
Outline four ways in which the Central Bank controls the operations of commercial banks. (4mks)
Four ways in which the central bank controls the operations of commercial banks.
List four advantages of credit sales to a seller. (4mks)
Four advantages of credit sale to a seller.
State four consequences of eliminating wholesalers from the chain of distribution. (4mks)
Four consequences of eliminating wholesalers from the chain of distribution.
Outline four main functions of an office in any business organization. (4mks)
Four main functions of an office in any business organization.
Highlight four factors that may hinder the expansion of small scale business enterprises. (4mks)
Four factors that may hinder the expansion of small scale business enterprises
State four limitations of billboards as a tool of product promotion. (4mks)
Four limitations of billboards as a tool of product promotion.
Outline four reasons that have led to the growth of the savings and credit Co-operative Societies in Kenya. (4mks)
Four reasons that have led to the growth of the savings and credit co-operative societies in Kenya.
Highlight four benefits that may be derived from an efficient road transport system in the country.5/11/2021 Highlight four benefits that may be derived from an efficient road transport system in the country. (4mks)
Four benefits that may be derived from an efficient road transport system in the country.
State four problems the consumers encounter in the process of satisfying their wants. (4mks)
Problems the consumer encounter in the process of satisfying their wants.
Name four ways of sending letters through the post office. (4mks)
Four ways of sending letters through the post office
Indicate with a tick in the relevant column whether each of the following business transactions will increase or decrease the capital account balance. (3mks)
On 1 May 2012, Nyaboke Traders had sh.160, 000 in cash and sh. 30, 000 bank overdraft. During the month, the following transactions took place.
Solution
The following balances were extracted from the books of Anyang wholesalers for the year ended 31 December, 2010
Sh.
Sales………………………………………800, 000 Purchases…………………………………420, 000 Opening stock (1.1.2010) …………90, 000 Closing stock (31.12.2010)……………50, 000 Debtors……………………………………130, 000 Creditors…………………………………90, 000 Calculate (4mks)(a) Margin
(b) Current ratio
(c) Rate of turnover 
The following balances were obtained from the books of Ole Nkanai Traders for the month ended 29 February 2012.
Sh.
Purchases………… 24, 000 Sales……………… 420, 000 Equipment………… 120, 000 Furniture………… 300, 000 Debtors………… 60, 000 Creditors……… 20, 000 Expenses……… 140, 000 Capital………… 420, 000 Prepare a Trial balance of Ole Nkanai Traders for the month ended 29 February 2012. (5mks)
Indicate the book of original entry used in recording each of the following transactions of Alex Traders. (4mks)
The average consumer price for a tin of maize for various years in Trans-mara is shown in the table below.
The average consumer price for a tin of maize for various years in Trans-mara is shown in the table above.
Calculate the consumer index using year 2008 as the base year. (4mks)
Outline four negative effects of a high taxation in an economy. (4mks)
Negative effects of high taxation in an economy
State four factors that encourage entrepreneurship in Kenya (4mks)
Factors that encourage entrepreneurship in Kenya
Outline four circumstances that lead to a trader declining in giving credit facilities to customers5/11/2021 Outline four circumstances that lead to a trader declining in giving credit facilities to customers. (4mks)
Circumstances leading to a trader declining in giving credit facilities to customers
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