Get The Marking Schemes Here
- Outline four purposes of a Business.(4mks)
- State four types of business activities.(4mks)
- List four disciplines of Business Studies.(4mks)
- Outline four benefits that Abdi, a student would get from studying Business.(4mks)
- Below are some of the factors that influence the operations of a business. Indicate with a tick ( ) in the appropriate column, the business environment associated with each of the factors.(4mks)
| S.no | Factors | Internal | External |
| Competition | |||
| Finance | |||
| Suppliers | |||
| N.E.M.A | |||
| Goals and objectives of the firm. | |||
| Currency exchange rates. | |||
| Human resources management | |||
| Firms organizational structure. |
- Outline four favourable internal factors for business to thrive.(4mks)
- Give and explain two classifications of human wants.(4mks)
- Outline four characteristics of human wants.(4mks)
- Give four reasons why Omondi satisfy hunger for food before going to Chaka Ranch for entertainment.(4mks)
- Highlight four differences between goods and services (4mks)
| Goods | Services | |
| (i) | ||
| (ii) | ||
| (iii) | ||
| (iv) | ||
| (v) |
- Name three classifications of Economic Resources (3mks)
- Outline five characteristics of economic resources.(5mks)
- Indicate whether the following resources are renewable or non-renewable (4mks)
Resources Classification
- Limestone ……………………………………….
- Natural rubber ………………………………………..
- Solar energy ………………………………………..
- Rivers …………………………………………
- Wool …………………………………………
- Cars ………………………………………….
- Skin/hide …………………………………………
- Quarry …………………………………………
- State the type of utility created by each of the following activities (4mks)
ACTIVITY UTILITY
- Baking ………………………..
- Banking ……………………….
- Bookselling ………………………
- Carpentry ……………………….
- Manufacturing ………………………
- Retailing ……………………..
- Transportation …………………….
- Tanning leather ……………………..
- Outline four disadvantages of Direct Production.(4mks)
- Classify each of the following activities in its appropriate level of production.(4mks)
Activity level of production
- Lumbering …………………………….
- Brick making ……………………………
- Nursing ……………………………
- Road construction …………………………….
- Legal services …………………………….
- Quarrying ……………………………..
- Entertainment ……………………………..
- Chemical making ……………………………..
- State four features of land as a factor of production.(4mks)
- Outline four demerits of division of labour. (4mks)
- Using appropriate examples, explain the following types of goods (4mks)
- Producer goods
- Intermediate goods
- Economic goods
- Public goods
- Highlight four importances of Entrepreneurship in an Economy.(4mks)
- List four characteristics of an entrepreneur.(4mks)
- Outline four sources of business ideas. (4mks)
- Highlight four factors to consider when evaluating a business opportunity (4mks)
- List four importances of a Business plan.(4mks)
- Outline four functions of an office.(4mks)