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1.Highlight three benefits of business to a society.(3 marks

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2.State four advantages of locating a firm near the source of raw materials.(4 marks)                                                                    

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3.Highlight four trends in communication. (4 marks)

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4.Outline four advantages of a rapidly growing population.               (4 marks)                                                         

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5. Outline four ways through which peace within a country benefits a business.(4 marks)

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6.Primary level is the major contributor of gross domestic product in developing countries as compared to other levels of production.State four reasons for this.(4 marks)

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7.State four advantages of using intermediaries in the distribution of goods.(4 marks)

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8.Highlight four differences between acooperative societies and  private limited company.                                                  (4 marks)

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9.State four advantages of using modern technology in an office.  (4 marks)                                                       

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10. The following information was extracted from the books of Venus traders as at 31st December 2020:

                Details                              shs

               5 years loan                  256,700

               Land                             120,000

               Cash                               24,600

               Creditors                       37,400

               Building                       430,500

Prepare Venus traders balance sheet as at 31st December 2020.(4 marks)

11.Outline four factors that may hinder geographical mobility of labour.                 (4 marks)

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12.The following relate to Furaha Traders for the year 2020

See also  Semi - Fasihi Simulizi Notes

i)closing capital (31.12.2020) sh 300,000

     ii)the owner converted his personal computer valued at sh 35,000 into business use.

     iii)the owner had withdrawn goods worth sh 40,000 for personal use.

     iv) incurred losses amounting to sh 65,000

    Determine Furaha Traders intial    capital on(1.01.2006).                       (4 marks)

13.For each of the following source documents ,indicate the book of original entry:(4 marks)

Source documentBook of original entry
Received receipt 
Incoming invoice 
Outgoing credit note 
Incoming cash sale slips 

14.Highlight four measures that a government may take to reduce the mortality rate in a 

country.                                                                                                                      (4 marks)

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15.The following balances were extracted from the books of Mavuno Traders for the

year ended 31st march 2021.

Gross profit.                         186,200

     Discount allowed.                 7,400

Carriage outwards.                13,500

    Rent received.                         34,300

Office expenses.                     19,600

Salaries.                                    57,000

   Prepare a profit and loss for the ended 31st march 2021(5 marks)

16.State four factors that determine the amount of money held for precautionary motive.                                                                                                      (4 marks)

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17.State four methods of sale promotion  a business may adopt.(4 marks)                                                      

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18.State four reasons why consumers have to make a choice between competing needs.(4 marks)                

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  5. Identify the retailers described in the statement given below                                  (4marks
StatementRetailers
a)sell goods by displaying them along the street 
b)move from one place to another on foot selling their products 
c)Dispenses goods with the use of coins operated machines 
d)Meet on designated days in open ground to sell their goods. 

20.State four ways a business can use to motivate it’s work force.(4 marks)                                                                                           

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See also  C.R.E Paper1 Questions and Answers

21.List four types of businesses activities.  (4 marks)

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22.Highlight four benefits of selling goods online.                 (4 marks)

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23.Identify four circumstances under which an insurance contract may be terminated.(4 marks)                                                                                                                  

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24.State four characteristics of a successful entrepreneurs.(4 marks)

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25.Show the effect of each of the following transaction to capital,assets and liabilitiesindicating if its increasing(+),decreasing(-) or nil(0).                                          (4 marks)  

TransactionCapitalAssetLiability
a)Converted private house into business premises   
b)Paid creditors in cash   
c)Sold a business car valued at sh 400,000 for sh 300,000 on  credit   
d)Sold goods on credit   

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