Identify four classes of business activities that one may engage in. (4mks)

a)………………………………………………………………………………………

……………………………………………………………………………………….

b)………………………………………………………………………………………

……………………………………………………………………………………….

c)………………………………………………………………………………………

……………………………………………………………………………………….

d)………………………………………………………………………………………

……………………………………………………………………………………….

Outline four circumstances when cheque payment would be preferred to cash payment. (4mks)

a) …………………………………………………………………………………….

…………………………………………………………………………………….

b) …………………………………………………………………………………….

…………………………………………………………………………………….

c) …………………………………………………………………………………….

…………………………………………………………………………………….

d) …………………………………………………………………………………….

…………………………………………………………………………………….

Highlight four benefits of public corporations to the citizen of a country.

a) ……………………………………………………………………………………

……………………………………………………………………………………

b) ……………………………………………………………………………………

……………………………………………………………………………………

c) ……………………………………………………………………………………

……………………………………………………………………………………

d) ……………………………………………………………………………………

……………………………………………………………………………………

Identify four services that facilitate communication in Kenya.

a) ……………………………………………………………………………………

……………………………………………………………………………………

b) ……………………………………………………………………………………

……………………………………………………………………………………

c) ……………………………………………………………………………………

……………………………………………………………………………………

d) ……………………………………………………………………………………

……………………………………………………………………………………

State four ways in which land may influence the location of firms

a) …………………………………………………………………………………..

…………………………………………………………………………………..

b) …………………………………………………………………………………..

…………………………………………………………………………………..

c) …………………………………………………………………………………..

…………………………………………………………………………………..

d) …………………………………………………………………………………..

…………………………………………………………………………………..

State four essential features of any market.

a) ………………………………………………………………………………….

………………………………………………………………………………….

b) ………………………………………………………………………………….

………………………………………………………………………………….

c) ………………………………………………………………………………….

………………………………………………………………………………….

d) ………………………………………………………………………………….

………………………………………………………………………………….

State four factors that limit the success of trade agreements among African countries.

a) ……………………………………………………………………………….

b) ………………………………………………………………………………….

c) ………………………………………………………………………………….

d) ………………………………………………………………………………….

The following information relates to Bonga Retail Shop as at 31st December 2012

Opening stock - 80,000

Closing stock -100,000

Sales - 325,000

Rates of stock Turn Over is 3 times .

Calculate

a) The cost of goods sold

b) The gross profit

Identify four sources of business ideas.

a) ………………………………………………………………………………….

b) ………………………………………………………………………………….

c) ………………………………………………………………………………….

d) ………………………………………………………………………………….

Match the following statements with the relevant document used in home trade.

Highlight four ways that can be used by the government to regulate business activities.

a) ………………………………………………………………………………………

………………………………………………………………………………………....

b) ………………………………………………………………………………………

………………………………………………………………………………………....

c) ………………………………………………………………………………………

………………………………………………………………………………………....

d) ………………………………………………………………………………………

………………………………………………………………………………………....

Highlight four advantages of rail transport.

a) ………………………………………………………………………………………

b) ………………………………………………………………………………………

c) ………………………………………………………………………………………

d) ………………………………………………………………………………………

Outline four differences between a movement along a supply curve and a shift of a supply curve.

Identify four limitations of using national income statistics to measure standards of living in a country.

a) ………………………………………………………………………………………
………………………………………………………………………………………....

b) ………………………………………………………………………………………

………………………………………………………………………………………....

c) ……………………………………………………………………………………….

……………………………………………………………………………………….....

d) ………………………………………………………………………………………

……………………………………………………………………………………….....

Indicate the subsidiary ledger in which each of the following should be recorded.

Account . Subsidiary Ledger.

a) Return inwards …………………………………………….......

b) Discount Received ……………………………………………..

c) Drawings …………………………………………….................

d) Bank …………………………………………….........................

Outline four advantages of barter trade to the society.

a) ……………………………………………………………………………………..

……………………………………………………………………………………......

b) ……………………………………………………………………………………..

……………………………………………………………………………………......

c) ……………………………………………………………………………………..

…………………………………………………………………………………….....

d) ……………………………………………………………………………………..

……………………………………………………………………………………......

State four ways of protecting an organization’s properties.

a) ………………………………………………………………………………………

………………………………………………………………………………………....

b) ………………………………………………………………………………………

………………………………………………………………………………………....

c) ………………………………………………………………………………………

………………………………………………………………………………………....

d) ………………………………………………………………………………………

………………………………………………………………………………………....

Outline four ways by which business resources may cause business success.

a) ……………………………………………………………………………………..

……………………………………………………………………………………......

b) ……………………………………………………………………………………..

……………………………………………………………………………………......

c) ……………………………………………………………………………………..

……………………………………………………………………………………......

d) ……………………………………………………………………………………..

…………………………………………………………………………………….......

State four features of a bonded warehouse.

a) …………………………………………………………………………………….

……………………………………………………………………………………......

b) …………………………………………………………………………………….

…………………………………………………………………………………….....

c) …………………………………………………………………………………….

……………………………………………………………………………………....

d) …………………………………………………………………………………….

…………………………………………………………………………………….....

Give the meaning of the following terms as used in insurance. (4mks)

a) Surrender value…………………………………………………………………

………………………………………………………………………………….........

b) Proposer………………………………………………………………………...

………………………………………………………………………………….........

c) Re –insurance…………………………………………………………………..

………………………………………………………………………………….........

d) Binder………………………………………………………………………….....

…………………………………………………………………………………..........

Prepare a balance sheet from the following balances of Tumaini Traders as at 30th June 2012.

Fittings & furniture 80,000

Bank loan 30,000

Prepaid rent 10,000

Insurance due 20,000

Buildings 100,000 Creditors 15,000

Outline four characteristics of an optimum population.

a) ……………………………………………………………………………………..

…………………………………………………………………………………….......

b) ……………………………………………………………………………………..

…………………………………………………………………………………….......

c) ……………………………………………………………………………………..

……………………………………………………………………………………......

d) ……………………………………………………………………………………..

……………………………………………………………………………………......

List four examples of indirect tax.

a) ……………………………………………………………………………………

……………………………………………………………………………………....

b) ……………………………………………………………………………………

……………………………………………………………………………………....

c) ……………………………………………………………………………………

……………………………………………………………………………………....

d) ……………………………………………………………………………………

…………………………………………………………………………………….....

Outline four causes of inflation in an economy. (4mks)

a) …………………………………………………………………………………….

……………………………………………………………………………………......

b) …………………………………………………………………………………….

……………………………………………………………………………………......

c) …………………………………………………………………………………….

…………………………………………………………………………………….......

d) ……………………………………………………………………………………....

……………………………………………………………………………………........

The following is a cash book that was extracted from Koile business for the month of April 2013.

Required:

Indicate the transactions that took place on the dates given below.

a) April 1................................................................................................................................

b) April 5.................................................................................................................................

c) April 25...............................................................................................................................

d) April 30...............................................................................................................................