BUSINESS STUDIES FORM 3 PAPER 2 TERM 1 2022 REVISION QUESTIONS MODEL28092022001![]()
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Explain five features of oligopoly.
Features of oligopoly include:
The following trial and balance relates to business of Mali Ngumu traders as at 30th June 2008.8/11/2021 The following trial and balance relates to business of Mali Ngumu traders as at 30th June 2008.
Required:(a) Prepare a trading profit and loss account as at 30th June 2009. (8mks)(b) Calculate the following ratios:- (4mks)(i) Rate of return on capital(ii) Margin
(iii) Quick ratio(iv) Rate of stock return overMost countries in the world are under-developed. Give six characteristics of these countries (12mks)
Characteristics of under-developed countries.
Discuss four factors that determine the level of a country’s national income (10mks)
Four factors that determine the level of a country’s national income.
Give five contributions of commercial banks in Kenya (10mks)
Contributions of commercial banks
Explain five importance of an efficient transport system in a country (10mks)
Five importance of an efficient transport system.
Describe six causes of unemployment in Kenya (12mks)
Six causes of unemployment in Kenya
Briefly explain the meaning of the following forms of advertising (8mks)(i) Celebrity advertising
This is a form of advertising that uses of a prominent person on the product to encourage people to buy the product e.g a president, athlete, a footballer etc.
(ii) Product advertising
(iii) Informative advertising
(iv) Institutional advertising
Discuss five strategies that can be used by the government to control inflation (10mks)
Five strategies used by the government to control inflation
Discuss five advantages of a bonded warehouse (10mks)
Five advantages of a bonded warehouse.
Explain five external factors that influence the success of a business. (10mks)
With the aid of a diagram, explain the effect of an increase in the supply of a commodity while its demand remains constant.
Explain four ways through which a public limited company may be dissolved.
Ways through which a public limited company may be dissolved include:
Outline six circumstances under which a trader may use air transport.
Circumstances under which a trader may use air transport:
On 1st January 2011 , Jumo Traders had shs 22,500 in cash and shs 250,000 at bank.During the month, the following transactions took place:
Prepare a duly balanced three column cash book. (10 marks)
Explain five advantages of advertising to the consumer.
Advantages of advertising to the consumer include:
The following balances were extracted from the books of Soilo Traders on 31 December 2010.21/12/2020 The following balances were extracted from the books of Soilo Traders on 31 December 2010.
Additional information:
Gross profit margin is stated at 40%. Prepare: (i) Trading, Profit and Loss Account for the year ended 3Pt December 2010. (5+ marks) (ii) Balance sheet as at 3P’ December 2010. Explain five benefits that may be realized by a country as a result of government policy to relocate industries to rural areas.
Benefits that may he realized by a country as a result of government policy to relocate industries to rural areas include:
Explain five factors that may hinder economic development in Kenya.
Factors that may hinder economic development in Kenya include:
Explain five benefits that Kenya may get as a member of C.O.M.E.S.A.
Benefits that Kenya may get as a member of COMESA include:
Outline five characteristics of an efficient tax system.
Characteristics of an efficient tax system are:
Explain five benefits that may accrue to a country with a large proportion of skilled labour force.21/12/2020 Explain five benefits that may accrue to a country with a large proportion of skilled labour force.
Benefits that may accrue to a country with a large proportion of skilled labour force Include :
Explain five circumstances in which a firm may acquire monopoly power
Circumstances in which a firm may acquire monopoly power include:
A school leaver plans to start a retail business. Explain five types of small scale retail shops the person may start.
Types of small scale retail shops that a school leaver may start include:
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