Get the Answers here Form 4 End Term 1 Exams 2023 Questions and Answers
- Highlight four principles of insurance. (4 mks)
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- Outline four reasons how competitive environment affects Business activities. (4 mks)
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- State four characteristics of a perfect competition market. (4 mks)
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- Outline four differences between a good and a service. (4 mks)
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- Match the following statements with the correct source documents. (4 mks)
| Statement | Source document | |
| (i) | A document that serves as an evidence that cash has been received or paid out. | |
| (ii) | A document that shows the details of all the expenses incurred, the amount of money spent and the purpose of incurring such an expense. | |
| (iii) | A document sent by the seller to the buyer demanding payment for goods or service delivered. | |
| (iv) | A document written by a supplier and sent to a buyer informing him / her that his / her account with the supplier has been debited. |
- This is the Mitegi’s demand schedule for Bread in a week.
| Price per loaf (shs) | No of loaves demanded |
| 30 | 1 |
| 20 | 2 |
| 15 | 4 |
| 12 | 6 |
| 10 | 8 |
| 5 | 12 |
| 1 | 20 |
Required:
Draw the demand curve of Mutegi’s Bread for a whole week. (4 mks)
- Highlight four importance of business studies to a learner. (4 mks)
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- Using the balance sheet equation. Fill the missing figures in the following table. (4 mks)
| Assts | Capital | Liabilities | |
| (i) | 21,920 | ? | 30,341 |
| (ii) | ? | 2,192 | 19,840 |
| (iii) | 3,773 | 1,591 | ? |
| (iv) | 240 | 150 | ? |
- Outline four roles played by the stock exchange market as a market for securities. (4 mks)
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- Highlight four factors which may influence choice of a distribution channel. (4 mks)
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- Outline four advantages of a bonded warehouse. (4 mks)
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- Match the following documents with their relevant uses. (4 mks)
| Statement | Documents | |
| (i) | This is a document which briefly describes the goods a seller stocks | |
| (ii) | A documents sent by the seller to the buyer when an inquiry is specific in mature. | |
| (iii) | A document sent to a prospective buyer to inform him/her that the order has been received and it is being acted upon. | |
| (vi) | A document sent by the buyer when goods get damaged on the way and returned to the seller. |
- Highlight our goals of economic development. (4 mks)
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- Outline the type of unemployment in an economy and give the cause for each. (4 mks)
- Unemployment occurs when people lose jobs and go looking for new ones
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- Unemployment that occurs when people are actively looking for jobs at the existing wage rate but cannot get them….……………………………………………………..
- Unemployment that occurs repeatedly at similar times
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- Unemployment that occurs when demand for labour declines due to either changes in the method of production or a decrease in the supply of goods and services.
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- Outline four reasons why there is need for ethical practices in business. (4 mks)
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- Highlight four problems encountered in measuring national income using the output approach method. (4 mks)
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- Match the following uses with the appropriate office equipment. (4 mks)
| Uses | Office equipment | |
| (i) | It is a machine that is used for preparing cash receipts | |
| (ii) | It is a machine used for trimming documents into required shapes and size. | |
| (iii) | A machine which is used for cutting unwanted documents into tiny pieces to avoid such documents getting into the wrong hands. | |
| (vi) | A machine which is used to complex calculations. |
- Explain the meaning of the following terms of sale as used in international trade. (4 mks)
- F.O.B. (Free on Board)………………………..………………………………………..
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- LOCO or ex-warehouse or ex- works……………………………………………………
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- F.O.R. (Free on Rail)……….…………………………………………………………..
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- Highlight four ways how consumers can protect themselves from exploitation from unscrupulous wholesalers / traders. (4 mks)
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- Outline four criteria used in determining the size of the firm. (4 mks)
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- Outline four tools that the central bank of Kenya uses to control monetary policy. (4 mks)
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- Calculate the gross profit given the margin of 1/6 and the cost of goods sold to be 400,000/=.
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- Highlight four advantages of operating a current account. (4 mks)
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- Outline four factors that influences the choice of product in the market.
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- List four essential of an effective communication.
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