Free School Management System
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Explain the following as used in the satisfaction of human wants
c)Scarcity and choice
d)Scale of preferences
Outline four factors that may account for predominant direct product ion in a country
Differentiate between shares and Debentures
What do you understand by the following terms.: (4marks)
(c )Public goods
The following information was obtained from the books of JASHO TRADERS at the end of a trading period.
Opening stock 65,000
Sales return 5,000
Closing stock 42,000
Calculate the gross loss of the business
List four function of the Kenya Bureau of Standards (KEBS)
State four factors that limit the number of entrepreneurs in an area.
The figure below shows an increase in supply for a commodity from SS to S1S1.
State four possible causes that have led to this situation
Outline four reasons why inland water transport is not popular as means of transportation in Kenya.
Outline four types of errors that may cause a trial balance not to balance
Highlight four circumstances under which firm may acquire oligopoly power.
Outline four important uses of measuring national income in a country
Ananda Sita intends to set up modern University in Eldoret. Outline four factors that will influence her choice of office layout.
Give four ways in which consumers may benefit when producers compete in product promotion
The following details were extracted from the books of Omino enterprises for the year ended 31st Dec 2009.
Opening capital 105,000
Capital introduced 15,000
Closing capital 135,000
Determine the profit or loss for the year.
In the table below, fill in by stating whether each of the following transaction will increase, decrease or have no effect on the capital of the business.
|Transaction||Effect on capital|
|(a)The business made profit|
|(b)Bought stock of good|
|(c)withdrawal of stock for own use|
|(d)Paid creditors by giving up an old machine|
State four main cooperative principles.
List four documents used in home trade at the order stage
Mamati has just taken a whole life policy and is complaining that his premiums are very high. Outline four reason why the premium may be high.
Highlight four disadvantages of an ageing population
Highlight four benefits that may occur to an organization that practices effective communication.
State four advantages of bonded warehouse to the government.
Identify the factor that can cause an increase in the demand of a product
The following are some of the source documents used in business.
(a)Credit note received
(c)Credit not issued
(d)Cash sale slip
March each of the following books of original entry with relevant source document.
|Book of original entry||Source of document|
|(b)Sales day book|
|(c)Return inward day book|
|(d)Return outward day book|
Highlight four services that the Central Bank of Kenya may offer a banker to commercial bank.