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KNEC KCSE Business Studies Paper 1 Question Paper / 2016 KCSE 4MCK Joint Exam

KNEC KCSE Business Studies Paper 1 Question Paper / 2016 KCSE 4MCK Joint Exam

2016 KCSE 4MCK Joint Exam

Business Studies Paper 1

1.

Outline four skills and benefits that Okoth, a student would get from studying business.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

2.

Identify the type of business environment represented by each of the following factors

Factor Business environment
a)A value added tax collected by KRA ______________________________________________
b)Personal and academic skills required ______________________________________________
c)Political climate in the country ______________________________________________
d)Information and communication systems of a firm ______________________________________________
e)Organizational structures of a business ______________________________________________
f)Substitutes brand introduced in the market ______________________________________________

 3 marks

3.

Highlight three reasons why human beings should make choices between competing needs.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 3 marks

4.

For each of the following occupations, mention the level of production that relates to each.

Business Studies Paper 1 Question Paper - 2016 KCSE 4MCK Joint Exam

 3 marks

5.

State four roles played by entrepreneurs to the economy of a country
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

6.

Mention five ways in which the government participates in the operations of a state
corporation.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………
e)……………………………………………………………………………………………………

 5 marks

7.

Outline four advantages of a sole proprietorship form of business ownership.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

8.

Name four laws enacted by the government to protect consumers.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

9.

State four reasons why the short message service (SMS) is replacing letters as a way of
communication.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

10.

For each of the following means of transport show the unit of carriage used.
Business Studies Paper 1 Question Paper - 2016 KCSE 4MCK Joint Exam

 4 marks

11.

Give four reasons why warehousing is very important in a country’s economy.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

12.

State four factors that determine the amount of premium in life assurance.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………

 4 marks

13.

Give four factors that may cause decrease of goods in the market. (4 marks)
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

14.

List four sources of internal economies of seale.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

15.

State four reasons that makes government to create monopolies.
a)…………………………………………………………………………………………………….

b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

16.

a) State the shortest channel of distribution of imported goods. (1 mark)
………………………………………………………………………………………………………
b) Give three circumstances under which this channel may be preferred. (3 marks)
i)…………………………………………………………………………………………………….
ii) ……………………………………………………………………………………………………
iii) …………………………………………………………………………………………………..

 4 marks

17.

Outline four factors that may cause change in capital in an ongoing business.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

18.

Enter the following transactions into a two column cash book for Jaribu traders and balance it
off.

1st April 2008 – Cash balance Kshs 2,500
-Cash at bank Kshs 12,450

4th April 2008 – Paid Musau a creditor Kshs 1800 cash

7th April 2008 – Sold goods on credit worth Kshs 10,000 to maimam
traders

11th April 2008 – Paid salaries by cheque sh 6500

12th April 2008 -Withdrew Kshs 9,540 from the bank for office use.

 5 marks

19.

Outline four factors that have contributed to the failure of measures being taken by
the government to control rapid population growth rate.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

20.

The following information was extracted from books of Kithae traders on 30th June
2010.

Opening stocks
Purchases
Sales
Mark up
Kshs 75,000
Ksh 475,200
Kshs 620,000
25%

Prepare a trading account to determine
a) Closing stock
b) Cost of goods sold
c) Gross profit.

 5 marks

21.

Highlight four reasons why small scale traders prefer borrowing from micro finance.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………

c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

22.

The Kenya shilling has been depreciating against major international currencies. Highlight
four disadvantages of this depreciation of the currency.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………
d) ……………………………………………………………………………………………………

 4 marks

23.

Give three reasons for taxation.
a)…………………………………………………………………………………………………….
b) ……………………………………………………………………………………………………
c) ……………………………………………………………………………………………………

 3 marks

24.

Explain briefly the significance of the following terms of sale.
i) LOCO…………………………………………………………………………………………….
ii) ONO……………………………………………………………………………………………
iii) FRANCO………………………………………………………………………………………
iv)FOB………………………………………………………………………………………………

 4 marks

25.

The following data was extracted from the books of Racheal’s boutique as at 31st September

Faulu 3 yr loan
Creditors
Premises
General expenses
Cash
Bank
Stock
Capital
Debtors
Drawings
Kshs 300,000
Kshs 160,000
Ksh 145,000
Ksh 50, 000
Ksh 75,000
Ksh 215,000
Kshs 250,000
Kshs 420,000
Kshs 115,000
Kshs 30,000

Required:
Prepare Racheal’s trial balances as at the end of September. (5 marks)

 4 marks

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