State FOUR economic factors that affect a consumer’s buying ability
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

State FOUR emotional qualities that are essential for a good office staff
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

State FOUR ways through which the Government regulates the business activities in the country
i).............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

State FOUR problems that a maize farmer without storage facilities would encounter
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

State FOUR consequences of a shift in the demand curve
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................

Highlight FOUR factors that influence the level of national income in a country
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

State FOUR types of ledgers
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

Outline FOUR sources of income collected by the Government
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

Outline FOUR characteristics of basic human wants
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

Define the following terms
(i) Capital goods..............................................................................................................................
(ii) Non-economic goods................................................................................................................
(iii) Public goods...........................................................................................................................

(iv) Durable goods.........................................................................................................................

State FOUR ways through which a business opportunity may rise in a country
(i).............................................................................................................................................................
(ii)...........................................................................................................................................................
(iii)..........................................................................................................................................................
(iv)...........................................................................................................................................................

Outline FOUR advantages of an open air market to a consumer.
(i)...........................................................................................................................................................
(ii)..........................................................................................................................................................
(iii).........................................................................................................................................................
(iv)...........................................................................................................................................................

State FOUR benefits of registering a company with the stock exchange market.
(i)...........................................................................................................................................................
(ii)........................................................................................................................................................
(iii).......................................................................................................................................................
(iv).......................................................................................................................................................

Highlight FOUR causes that led to the government control of the transport industry
(i).........................................................................................................................................................
(ii).........................................................................................................................................................
(iii)........................................................................................................................................................
(iv).........................................................................................................................................................

State FOUR problems caused by advertising to the society.
(i).........................................................................................................................................................
(ii).......................................................................................................................................................
(iii)......................................................................................................................................................
(iv)......................................................................................................................................................

Name the term referred to in each of the following statements.

State FOUR adverse effects of a firm’s production activities to the environment
i)..............................................................................................................................................................
ii).............................................................................................................................................................
iii)............................................................................................................................................................
iv)............................................................................................................................................................

With the help of a diagram, illustrate a demand curve for an oligopolistic producer

The following balances were extracted from the books of Nakuru on 31st Dec. 2008.

Calculate
(i) Margin (2 marks)
(ii) Capital employed (2 marks)

State FOUR benefits of using ATM cards in transacting a business deal.
i).........................................................................................................................................................
(ii).......................................................................................................................................................
(iii)......................................................................................................................................................
(iv)......................................................................................................................................................

State FOUR methods used by the government to restrict international trade
i).........................................................................................................................................................
(ii).......................................................................................................................................................
(iii)......................................................................................................................................................
(iv)......................................................................................................................................................

Outline FOUR problems that may arise in a school that has poor communication techniques.
i).........................................................................................................................................................
(ii).......................................................................................................................................................
(iii)......................................................................................................................................................
(iv)......................................................................................................................................................

State FOUR benefits of a business to the society
i).........................................................................................................................................................
(ii).......................................................................................................................................................
(iii)......................................................................................................................................................
(iv)......................................................................................................................................................