Outline any four circumstances under which sellers/exporters may use proforma invoice.

a)...........................................................................................................................................................

b)............................................................................................................................................................

c).............................................................................................................................................................

d).............................................................................................................................................................

State four features of a public corporation.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

iv) …………………………………………………………………………………………

Highlight four modern trends that have been witnessed in commercial banking in this country.

i) ………………………………………………………………………………………… ………………………………

ii) ………………………………………………………………………………………… ………………………………

iii) ………………………………………………………………………………………… ………………………………

iv) ………………………………………………………………………………………… ………………………………

Outline four problems of using a long chain of distribution in the market.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

v) …………………………………………………………………………………………

Mumias sugar Co. Ltd is set up in Kakamega county. State four ways in which the surrounding community may benefit from this industry.

i) ………………………………………………………………………………………… ………………………………

ii) ………………………………………………………………………………………… ………………………………

iii) ………………………………………………………………………………………… ………………………………

iv) ………………………………………………………………………………………… ………………………………

Its the duty of the government to protect its citizens in the country. Outline four such malpractices that consumers may be protected against by the Government.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

iv) …………………………………………………………………………………………

From the table, draw a supply curve and label it.

Before an entrepreneur sets up a business unit, there are several considerations he has to make. Highlight four considerations that an entrepreneur should take into account, when evaluating a business idea.

i) ………………………………………………………………………………………… ………………………………..

ii) ………………………………………………………………………………………… ………………………………..

iii) ………………………………………………………………………………………… ………………………………..

iv) ………………………………………………………………………………………… ………………………………..

Outline four differences between Liners and Tramps in water transport.

The following balances were extracted from the books of Jakoya Retailers for the year ended 31 of December, 2011.

Sh.

Creditors 100,000

Debtors 160,000

Opening stock 80,000

Closing stock 40,000

Purchases 350,000

Sales 600,000

Calculate:

a) Margin

………………………………………………………………………………………………

………………………………………………………………………………………………

b) Current ratio

………………………………………………………………………………………………

………………………………………………………………………………………………

c) Rate of stock Turnover

……………………………………………………………………………………………

………………………………………………………………………………………………

Shimenga Tabitha started business with Sh.20,000 in cash on 1st Jan, 2010.

Jan 1, bought stock worth sh.10,000 in cash.

Jan 2: Sold goods worth S h.15,000 receiving payment by cheque

Jan 3, Took cash worth Sh.11,000 for personal use.

The balance sheet prepared by Elephant Traders as at 1st Jan,2011, showed capital of Sh.350,000. The following pertains to the year ending 31st Dec,2011.

Total Drawings as Sh.40,000

Additional investments Sh.80,000

Capital on 31.Dec,2011 Sh.700,000

Calculate the profit or loss for the year ended 31 Dec, 2011

The following descriptions relate to business transactions. State the term that suits the descriptions in each case.

Below is a diagram showing the cyclical unemployment

Identify the parts labeled (a), (b), (c) and (d) above.

Highlight four ways consumers are likely to suffer in a situation where there is no warehousing services.

a) ………………………………………………………………………………………… …………………………………

b) ………………………………………………………………………………………… …………………………………

c) ………………………………………………………………………………………… …………………………………

d) ………………………………………………………………………………………… …………………………………

Give four positive effects that inflation may have on the economy of Kenya.

i) ………………………………………………………………………………………… …………………………………..

ii) ………………………………………………………………………………………… …………………………………..

iii) ………………………………………………………………………………………… …………………………………..

iv) ………………………………………………………………………………………… …………………………………..

Highlight four challenges in the modern of using cell-phones.

i) ………………………………………………………………………………………… …………………………………..

ii) ………………………………………………………………………………………… …………………………………..

iii) ………………………………………………………………………………………… …………………………………..

iv) ………………………………………………………………………………………… …………………………………..

Outline four features of under- development in a country like Kenya.

i) ………………………………………………………………………………………… ………………………………….

ii) ………………………………………………………………………………………… ………………………………….

iii) ………………………………………………………………………………………… ………………………………….

iv) ………………………………………………………………………………………… ………………………………….

Highlight four factors necessitating an insurance company to re-insure.

i) ………………………………………………………………………………………… ………………………………..

ii) ………………………………………………………………………………………… ………………………………..

iii) ………………………………………………………………………………………… ………………………………..

iv) ………………………………………………………………………………………… ………………………………..

The following are some of the occupations in production. Match each level of production under the various occupations.

State four advantages of advertising as a method of product promotion.

i) ………………………………………………………………………………………… …………………………

ii) ………………………………………………………………………………………… …………………………

iii) ………………………………………………………………………………………… …………………………

iv) ………………………………………………………………………………………… …………………………

Highlight four features of a good tax system.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

iv) …………………………………………………………………………………………

Outline four factors to consider when selecting office equipment.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

iv) …………………………………………………………………………………………

State four qualities of effective communication.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

iv) …………………………………………………………………………………………

Outline three features of monopolistic competition market.

i) …………………………………………………………………………………………

ii) …………………………………………………………………………………………

iii) …………………………………………………………………………………………

iv) …………………………………………………………………………………………