Outline four reasons why one may want to start a business

The following are human wants that people have. Indicate whether each is a basic want, comfort or a luxury .
(a) Entertainment
(b) Bread for street boy
(c) University education
(d) A Gold watch

Office equipment include all necessary office machines and furniture. Explain four roles played by equipment in an office

Kenya is planning to extend her pipeline transport. State four advantages of pipeline transport
to the country.
(i) ………………………………………………………………………………………….
(ii) …………………………………………………………………………………………..
(iii) …………………………………………………………………………………………..
(iv) …………………………………………………………………………………………..

State four challenges that may be faced by a consumer who buys goods from intermediaries

Outline four characterisitcs of monopoly.

The following information relates to Karima Kogi stores for the year ending 31^st Dec 2014

Required: Draw Karima Kogi stores Balance Sheet as at 31^st December 2014.

Classify the following account as real, nominal or personal
(a) Purchases
(b) Stock
(c) XYZ Company Ltd

Outline four factors that determine the location of a firm.

Mention four features of capital as a factor of production .

Give four reasons which make buyers to shy off from buying goods through hire purchase.

Identify any four goals of Economic Development.

List down four errors that are not revealed by a trial balance.

Outline four factors that might cause demand pull inflation.

Wanjiku operates a business on her own. State four disadvantages she is likely to suffer for operating the business on her own

State four factors that a business person will consider when determining the mose viable business opportunity

Record the following transactions in a 2 - column cash book of Waigwa Traders and balance it off (5mks)
2012
Jan 1 Balance b/d Cash Sh. 10000
Bank Sh .25000
Jan 2 Bought stock in cash Sh. 6000
Jan 7 Cash sales Sh. 2500
Jan 12 Withdrew cash from bank for office use Sh. 4000
Jan 15 Paid wages in cash Sh. 3000
Jan 21 Received sh 4500 from Karanja by cheque

Explain the following terms of sale as used in international trade
(i) LOCO Price.
(ii) Cost, Insurance and Freight
(iii) In Bond
(iv) Franco

Highlight four reasons why the government trains business people.

State four characteristics of a life assurance policy.

Highlight four advantages of publicity to a firm.

Apart from demand and supply. Mention other four methods of determining the price of a product

Outline four functions of money.

Highlight four purposes of public finance.

Indicate whether the transactions given below will increase, decrease or have no effect on the capital of a business.
(a) Bought stock on credit
(b) Losses incurred by the firm
(c) Received cash from a debtor
(d) Additional cash invested by the owner