KNEC KCSE Business Studies Paper 1 Question Paper / 2015 KCSE Kirinyaga West

Highlight four ways of increasing the effeciency of land as a factor of production.

State four types of expenditure that are included in measuring national income using expenditure approach.

Name four characteristics of human wants.

The following balances were extracted from the books of Tahidi high as at 31^st Dec 2011
Shs.
Furniture 20,000
Carriage outwards 5,000
Discount received 3,000
Gross profit 12,000
Rent income 2,500
Salaries 5,000
Insurance 1,000
Creditors 7, 000
Elecriticity 2,000
Required to prepare Tahidi high profit and loss account for the period ended 31^st Dec 2011

State five reasons why communication may not be effective.

Outline four differences between cormmercial banks and non-banking financial institutions.

Business studies is a wide subject that covers several disciplines. Outline four such disciplines.

State four importances of entrepreneurship.

Give the uses of the following office equipment
(i) Equipment Use
a) Stapler
b) Paper shredder
c) Computer
d) Franking machine

State the meaning of the following terms as used in transport
a) Charter party
b) Full container load
c) Voyage charter

Highlight four different types of advertisement.

State whether each of the following resource is renewable or non-renewable
Resource Classification
a) Hydro-electric power
b) Iron
c) Rubber
d) Coal.

Give four clauses of memorandum of association.

Outline the four likely channels of distributing agricultural products.

Classify the following taxes as either direct or indirect
a) Personal income
b) Custom income
c) Capital gain
d) Sales tax

Identify four trends in international trade

List four features of co-operative societies

Outline five macro-environment factors that affects operations of a business

State five circumstances under which credit sale may be appropriate to a trader.

Highlight four ways in which inflation may be of benefit to a trader and the growth of the economy.

Kenya vision 2030 is currently in the implementation stage. Give four challenges that are likely to be experienced.

Given the following transactions, state the account to be debited and credited

List the source documents that relate to the following statements
Statement Source document
a) The seller received sh. 10,000 cash
from the buyer in settlement of a debt
b) The supplier demanded for payment
of sh. 20, 000 for goods delivered
c) The buyer returned damaged goods
worth shs. 5000 to the seller
d) The petty cashier paid shs. 200 for travelling expenses

The diagram above shows shift in supply curve from S₀ S₀ to S₁ S₁ . Outline four factors that could have caused the shift shown above.

Highlight five items contained in the partnership Act of 1963 (Kenya)