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2015 KCSE Cross Country Mock

Business Studies Paper 1

Answer all questions.
1.

Mention four methods that countries use to restrict importation of goods. ______________________________________________________________________________
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4 marks

2.

Highlight four limitations of barter system of trade.

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4 marks

3.

Study the following diagram and state the missing terms.

4 marks

4.

Give four reasons why employers are expected to provide their employees with insurance cover.
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4 marks

5.

Highlight four problems that are likely to be faced by a firm as result of expansion of the entire
industry.

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4 marks

6.

State four benefits that Kenya will reap after the completion of theLamu Port &Lamu-South
Sudan-Ethiopia Transport corridor(LAPSSET) project whose construction is underway.
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4 marks

7.

Mention four features of capital as a factor of production.

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4 marks

8.

Outline fourfactors that may contribute to the ineffectiveness of a warehouse. ______________________________________________________________________________
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4 marks

9.

Highlight fourimportanceof subsidiary books.

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4 marks

10.

Enter the following transactions in the relevant ledger accounts
i) Purchased a Delivery van from CMC Motors for sh. 350,000 paying by cheque.
ii) Atieno, a debtor, paid fully her account of sh. 18,000 in cash.
iii) Deposited cash sh. 200,000 in the bank.
iv) Sold goods to Kemboi for sh. 15,000 receiving cash.

4 marks

11.

Highlight four ways through which the physical environment can positively impact a business
performance.

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4 marks

12.

Highlight four differences between monopoly and monopolistic market structures. ______________________________________________________________________________
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4 marks

13.

State four characteristics of a departmental store.

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4 marks

14.

Give the meaning of the following terms as used in business.
a) Franchising.

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b) Check-off system

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c) Amalgamations

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d) Take-overs

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4 marks

15.

Outline fourimportance of national census statistics in an economy. ______________________________________________________________________________
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4 marks

16.

Highlightfour challenges that entrepreneurs face when carrying out business activities. ______________________________________________________________________________
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4 marks

17.

Outline four characteristics of a good tax system.

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4 marks

18.

State four measures a business can put in place to safeguard office property. ______________________________________________________________________________
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4 marks

19.

Highlight four ways in which Kenya Association of Manufacturers (KAM) ensures that their
members do not exploit consumers. ______________________________________________________________________________
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4 marks

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