Give four features of departmental stores.

Highlight four roles of an entrepreneur to the economy of a country.

Give four reasons why a manufacturer may offer after-sales services to his customers.

Outline four circumstances under which it would be appropriate to use signs to communicate.

Highlight four measures taken by producers to ensure consumers are protected when using their
products.

List four disadvantages of using containers to transport goods.

The diagram below shows the circular flow of income in a two sector economy.
Name the parts marked A, B, C and D.

The table below shows the change in population size in a certain country between 1999 and 2001.

State four factors that may have contributed to the population trend shown above.

State four uses of a trial balance to a business.

State four principles of public expenditures.

Highlight four conditions that a customer should satisfy before a bank can grant him a loan.
(a) ____________________________________________________________________________
(b) ____________________________________________________________________________
(c) ____________________________________________________________________________
(d) ____________________________________________________________________________

The diagram below shows the demand and supply curves of a certain commodity and corresponding
equilibrium price (Po) and quantity (Qo).

On the diagram, show the new equilibrium price and
quantity as a result of an increase in the demand of the commodity.

Identify the types of advertising described in the statements given below.
(a) Create awareness about a product. ____________________________________________________________________________
(b) Promotes the name of the manufacturer. ____________________________________________________________________________
(c) Persuades potential customers to buy a particular brand of a product. ____________________________________________________________________________
(d) Promotes a particular brand of a product. ____________________________________________________________________________

Highlight four reasons why economic planning is important to a country.
(a) ____________________________________________________________________________
(b) ____________________________________________________________________________
(c) ____________________________________________________________________________
(d) ____________________________________________________________________________

Outline four negative effects of inflation to an economy.
(a) ____________________________________________________________________________
(b) ____________________________________________________________________________
(c) ____________________________________________________________________________
(d) ____________________________________________________________________________

A group of businessmen from a certain town have formed a cartel. State four reasons that could have
led them to take such an action.
(a) ____________________________________________________________________________
(b) ____________________________________________________________________________
(c) ____________________________________________________________________________
(d) ____________________________________________________________________________

Outline four benefits which may accrue to an organization which uses office machines in its
operations.

(a) ____________________________________________________________________________
(b) ____________________________________________________________________________
(c) ____________________________________________________________________________
(d) ____________________________________________________________________________

Otieno a trader had the following assets and liabilities on 1^st March 2011.

On March 2^nd he had the following transactions: - Purchased goods for Ksh.15,000 on credit. - Received a cheque for Ksh.10,000 from a debtor. - Sold the machinery for Ksh.90,000 in cash.
Prepare Otieno’s balance sheet as at 2^nd March 2011.

Kobe insured his house against the risk of the fire. Six months later, the house was completely
destroyed by fire. Outline the procedure that should be followed before he is compensated.
(a) ____________________________________________________________________________
(b) ____________________________________________________________________________
(c) ____________________________________________________________________________
(d) ____________________________________________________________________________