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Business Studies Paper 1: QAC Model – Document ID 20250302001

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Featured Questions

Here are all the featured questions from the KCSE mock examination paper for Business Studies:

  1. Highlight the following terms as used in business studies. (4 marks)
    • (a) Economics
    • (b) Production
    • (c) Entrepreneurship
    • (d) Accounting
  2. Outline four ways which the government can use to promote trade in the country. (4 marks)
  3. Outline four circumstances under which a credit note may be issued. (4 marks)
  4. Atemo is the head of the marketing team at ABC Company that has recorded a tremendous increase in volume of sales over the last four years. Highlight four attributes that she possesses. (4 marks)
  5. From the diagram below, indicate what is represented by the letters. (4 marks)
    • A –
    • B –
    • C –
    • D –
  6. Outline four benefits of warehousing to a manufacturer. (4 marks)
  7. Highlight four benefits to Kenya as a result of being a member of the International Monetary Fund. (4 marks)
  8. If two people take similar life insurance policies, what reasons may make an insurance company require one of them to pay higher premiums than the other? (4 marks)
  9. Highlight four benefits of a direct tax to an individual. (4 marks)
  10. Outline four challenges faced by human beings in the process of satisfying their wants. (4 marks)
  11. Highlight four advantages of delocalization of firms in an economy. (4 marks)
  12. Highlight four factors that may limit the exploitation of natural resources in a country. (4 marks)
  13. The following information was obtained from the records of Obiri traders as at 31 August 2010:
    • Calculate the net worth of the business. (4 marks)
  14. Outline four benefits to an entrepreneur who prepares a business plan. (4 marks)
  15. Kiplimo’s shop sells all its goods at a margin of 20%. For the year ended 30th June 2012, its trading activities were as follows:
    • Calculate:
      (a) Mark-up percentage (2 marks)
      (b) Opening stock;
  16. Highlight four advantages of audio-visual communication. (4 marks)
  17. State whether each of the following constitute internal or external environment of a business. (4 marks)
    • a) Human resource
    • b) Socio-cultural beliefs
    • c) Business management team
    • d) Government policies
  18. Highlight four features that distinguish cooperative movements from other forms of business units. (4 marks)
  19. Outline four characteristics of an open-air market. (4 marks)
  20. State four advantages of using roadshows as means of product promotion. (4 marks)
  21. Complete the following table. (4 marks)
    • Description | Type of unemployment
      • a) When people lose jobs and go looking for new ones
      • b) Real wage
      • c) Affects people such as those who are physically/mentally challenged.
      • d) Disguised/hidden
  22. Highlight four money transfer services offered by commercial banks. (4 marks)
  23. Apart from the forces of demand and supply, give four other ways of determining the price of a commodity in a market. (4 marks)
  24. State four goals of development you would advise your County Governor to factor in the preparation of the county development plan. (4 marks)
  25. Outline four channels you would advise a farmer to use when distributing her farm produce. (4 marks)
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Description

Structure of the Document

  1. Header Information:
    • Space for the candidate’s name, admission number, signature, and date.
    • An indication of the time allocated for the exam, which is 2½ hours.
  2. Instructions:
    • Clear guidance to answer all questions in the spaces provided.

Content of the Examination

The paper consists of various sections, each designed to test different aspects of business studies. The questions cover a wide range of topics, including:

  1. Definitions and Concepts:
    • Candidates are required to define key terms such as Economics, Production, Entrepreneurship, and Accounting.
  2. Government and Trade:
    • Questions explore how the government can promote trade and the benefits of international monetary organizations like the IMF.
  3. Business Operations:
    • Candidates are asked to outline circumstances under which credit notes are issued and the benefits of warehousing for manufacturers.
  4. Personal Attributes in Business:
    • There are questions focused on the attributes of effective business professionals, particularly in marketing roles.
  5. Financial Literacy:
    • The paper includes tasks related to calculating net worth and understanding financial statements.
  6. Insurance and Risk Management:
    • Candidates must highlight factors influencing insurance premiums.
  7. Taxation and Individual Impact:
    • Questions on the benefits of direct taxes and challenges individuals face in meeting their wants.
  8. Economic Development:
    • Queries about the advantages of delocalization, exploitation of resources, and the roles of development goals.
  9. Market Dynamics:
    • Candidates discuss characteristics of markets and the challenges of unemployment.
  10. Communication in Business:
    • The importance of audio-visual communication and its advantages in conveying messages.
  11. Distribution Channels:
    • Suggestions for effective distribution of agricultural products by farmers.

Marking Scheme

The document also contains a marking scheme that provides answers and outlines the expected responses for each question. This includes:

  • Definitions and explanations for business terms.
  • Reasoning for government actions in promoting trade.
  • Benefits and challenges associated with various business practices.

Conclusion

Overall, the document serves as a comprehensive assessment tool for students studying Business Studies at the secondary level. It covers theoretical knowledge, practical applications, and critical thinking about business concepts, preparing candidates for both examinations and real-world business scenarios.

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