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Form 1 business studies revision questions and answers set 1
State the rewards of each of the following factors of production;
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1.
List four disciplines that make up business studies.
2.
Name whether the following is internal or external environment of a business.
3.
Identify the types of goods described below
4.
List four benefits that a subsistence producer may get by participating in trade
5.
Give five reasons why a household come up with a scale of preference
6.
State the rewards of each of the following factors of production
7.
Give four factors which affect productivity of labour
8.
State four benefits of entrepreneurship to the economy
9.
Outline four reasons why office documents should be filed in an office
10.
Below are some functions of the following departments in an organization production, marketing, purchasing and personnel. Identify the departments described i) Mantains a good relationship between the customers and the organization ii) Controls the use of machines, materials and labour iii) Enhances a good relationship among employees iv) Mantains a record of the supplies
11.
List four examples of retailers without shops
12.
Define the following terms a)chain stores b)Departmental stores c)Hypermarkets d)Supermarkets
13.
Identify the types of wholesalers described below: i)deals with a wide range of goods of a given line of products. ii)Deals in a particular good from a given line of products iii)Deals in wide range of products iv)Specialises in selling to other specialized wholesalers
14.
State four functions of a retailer to a consumer
15.
Outline the various reprographic techniques that can be used in an office
16.
Identify the best type of a machine one would use to perform the following tasks a)To create postage impressions on envelopes b)To fold documents put them in an envelope and seal them c)To destroy sensitive but unwanted documents d)To store large volume of data
17.
Identify fives causes of business success
18.
Identify the types of utilities described below a)Changing raw materials into finished goods b) Transporting goods closer to the consumer c)Changing ownership of a good from the producer through to the consumer d)Storing goods in a warehouse and releasing them for use at the time they are needed
19.
Give four advantages of an open office layout
20.
Classify the following as either basic or secondary wants.
21.
Outline four characteristics of services.
22.
Indicate whether the following resources are renewable or non-renewable a)soda ash b)Gold c)Solar energy e)Wind energy
23.
Identify four characteristics of an entrepreneur
24.
Identify the types of small scale retailers described below i)Its operations are guided by the host institution ii)Commonly found in residential areas iii)Sell goods of one manufacturer iv)Operate at busy place such as bus stops, entrances to public buildings among others.
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