Explain five features of oligopoly.
Features of oligopoly include:
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![]() 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 over![]() Most 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:
![]() Describe four characteristics of services.
Characteristics of services include:
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