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    BUSINESS STUDIES

    BUSINESS STUDIES FORM 3 PAPER 1 AND REVISION QUESTIONS WITH ANSWERS

    State four requirements of opening a bank account

    In the spaces below indicate the source documents that correspond to the books of original entry indicated.

    Outline four advantages of international trade

    State four limitations of barter system of trade

    The following information relates to Booker Traders.

    State four reasons why a teacher would choose to save with a SACCO rather than a commercial bank

    State four reasons why flower exporters choose to transport their produce by air rather than by sea

    State four ways in which land is useful as a factor of production

    Siaya traders started a business with Kshs.1,200,000 at the end of the year, the capital was 1,600,000 Kshs. The monthly drawing was 20,000Kshs. Calculate profits for the year.

    State four limitations of the use of a cell phone as a means of communication

    Name the document that each of the following description refer to

    BUSINESS STUDIES FORM 1 SIMPLIFIED NOTES

    State four unethical practices that may occur in product promotion

    Indicate in the spaces provided the type of warehouse that relate to the following description.

    State four reasons why National Income Statistics may not be appropriate for comparing living standards between two countries

    Outline four differences between whole life insurance policy and endowment insurance policy

    Enter the following transactions in the cash book of Kisumu Traders for the month of January 2007.

    Enter the following transactions in the relevant ledger accounts of Mara Traders for themonth of April 2012

    The effectiveness of consumer organizations to protect consumers in Kenya is limited by certain factors. State four of such factors

    Factors responsible for the change of the diagram.

    The following information relate to Nyando Waves Enterprises for the year ended 30.6.2005

    Circumstances when a firm would be located near the source of raw materials

    Features of oligopoly

    Factors that determine the fertility rate in a county

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