Identify four main types of business activities carried out in the society.

Highlight any four problems faced by human beings in the process of satisfaction of human want.

Identify the type of utility created in the following circumstances.
Activity Utility
a) Carpentry
b) Selling bread to students
c) Ware housing of goods imported
d) Carriage of cargo to the market

Outline four disadvantages of maintaining an enclosed office layout.

Highlight four features of hypermarkets found in Kenya.

Outline four circumstances under which a sole proprietorship form of business may be dissolved.

Identify four co-operatives principles that are followed world wide.

Abel produces horticultural crops and transports them from Eldoret to Nairobi. Outline four reasons
why he should not use rail to transport the produce.

Highlight four barriers to effective communication.

Outline the meaning of the following terms as used in insurance.
(i) Cover note

(ii) Policy

(iii) Premium

(iv) Proposal form

Outline four steps involved in personal selling.

Highlight four factors that may cause a demand curve to shift to the left.

Outline four diseconomies of scale that a firm may experience by expanding its operations.

Highlight four features of monopolistic competition.

List four channels that can be used to import cars from Japan.

State four factors that affect the circular flow of income in an economy.

Highlight four causes that may lead to unemployment in Kenya.

Omosh Traders had the following information extracted from his books of accounts as at 31st Dec
2009.

Determine the profit for the year.

The information given below was extracted from books of accounts of Mwebesa Traders as at 30^th
June 2006.

Using the information above, prepare Mwebesa Traders Balance Sheet as at 30th June 2006.

Outline four limitations of a Trial balances.

The following transactions relate to JUMA Traders from the month of March 2013.

Post the above transaction into the relevant ledger accounts.

Outline the meaning of the following terms as used in International trade.
(i) F.A.S

(ii) C. I. F

(iii) In bond

(iv) Franco

Identify three categories of government expenditure.

Differentiate between economic growth and economic development.

25. On 1st Janaury 2012 Langat Traders had sh 40,000 in cash and sh 16,000 at bank (Cr)
During the month the following transaction took place.

Using the information above prepare a two column cash book