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Form 1 Business Studies End of Term 3 Examination 2022
Class: Form 1
Subject: Business Studies
Level: High School
Exam Category: Form 1 End Term 3 Exams
Document Type: Pdf
Views: 926
Downloads: 24
Exam Summary
TERM 3
END YEAR EXAM - 2022
BUSINESS STUDIES 565/1
(THEORY)
FORM ONE
NOVEMBER 2022
TIME 2Hrs
NAME__________________________________________ ADM NO_____________
DATE___________ SIGNATURE________________
INSTRUCTIONS TO CANDIDATES
Answer all questions in the spaces provided in the question paper.
1. Outline FOUR disciplines incorporated in the business studies course (4 mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
2. StateFOUR characteristics of departmental stores (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
3. HighlightFOUR reasons why human wants may not be fully satisfied (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
4. Identify the rewards of the following factors of production (4mks)
FACTOR REWARD
a) Limestone _____________________________
b) Doctor _____________________________
c) Tractor _____________________________
d) Landlord _____________________________
5. Mention four reasons why people engage in business. (4 mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
6. State four circumstances under which cash may be used as a means of payment. (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
7. Outline four characteristics of direct production. (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
8. Identify four ways of generating a business idea. (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
9. Identify four factors that influence entrepreneurial practices in Kenya. (4 marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
10. Identify four ways in which an office is important to a business. (4 marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
11. Outline four ways in which a well laid out business structure is likely to lead to success of the business. (4 marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
12. Identify four functions of a proforma invoice. (4 marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
13. Outline the importance of trade to a country. (4 marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
14. Give an example of each of the following Business Activities. (4 marks)
a Extraction
b Manufacturing
c Processing
d Commercial services
15. State four factors that you would consider before extending credit facilities to a customer. (4 Marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
16. The table below shows descriptions relating to some documents used in home trade. Name the document fitting the description. (4 Marks)
(i) Used to correct an undercharge error
(ii) Seeking information on items stocked and their prices
(iii)Inform the buyer that the goods ordered have been dispatched
(iv) Requests payment for goods before they are sent to the customer
17. Mention four characteristics of goods. (4mks)
(a) ………………………………………………………………………………………..
(b) …………………………………………………………………………………………
(c) …………………………………………………………………………………………
(d) ………………………………………………………………………………………….
18. Give four benefits of a partitionedofficelayout (4mks)
(a) …………………………………………………………………………………………..
(b) …………………………………………………………………………………………..
(c) …………………………………………………………………………………………..
(d) …………………………………………………………………………………………..
19. Outline four reasons for dishonoring a cheque. (3mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
20. Highlight four ways in which business studies is useful to a community (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
21. A resource is something that is used by a business to achieve an objective. Identify four
resources available in a business. (4mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
22. State four factors that an entrepreneur would consider before investing in a business
opportunity (4 mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
23. Highlight four characteristics of labor as a factor of production ( 4 mks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
24. In the spaces provided below, indicate the type of utility created by each of the following business activities. (4marks)
a) Selling face masks to customers ________________________________
b) Transporting onions ________________________________
c) Storing onions in a granary ________________________________
d) Making a camera ________________________________
25. State four circumstances under which a business firm may use photocopying as a means of reproducing documents. (4 marks)
a) ……………………………………………………………………………………………
b) ……………………………………………………………………………………………
c)……………………………………………………………………………………………
d)……………………………………………………………………………………………
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