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Business Studies
PRE-TRIAL 2018
Time 2 HRS
ALLIANCE HIGH SCHOOL
PRE-TRIAL 2018
Business Studies Paper 1
- State the type of document described below in relation to home trade. (4 mks)
- Sent by the seller before goods are delivered showing how the invoice would look like
- Shows in a summary the transactions between the buyer and the seller
- Acknowledges a debt but does not show specific date of payment
- Pre – printed form that request the seller to supply the buyer with goods.
- Highlight 4 fiscal policies that can be used to control inflation.
- You have been provided with the following information of Sibuor Traders.
5 years loan | 500,000 |
2 years loan | 290,000 |
Stock | 68,000 |
Cash | 100,000 |
Overdraft | 42,600 |
Debtors | 79,000 |
Creditors | 49,400 |
Building | 355,000 |
Motor Van | 587,500 |
Land | 700,000 |
Calculate- Liquid ratio (1 mk)
- Current Ratio (1 mk)
- Working capital (1 mk)
- Capital employed (1 mk)
- In relation to product promotion describe the meaning of the following terms ( 4 mks)
- Loss leader
- Hoardings
- Institutional advertisement
- Psychological selling
- Given the following demand and supply schedule on the axis draw the demand and supply curve, show all the equilibriums (21/2 mks)
Price | Qty demand | Qty supplied |
1 | 100 | 10 |
2 | 80 | 20 |
3 | 60 | 40 |
4 | 40 | 60 |
5 | 20 | 80 |
6 | 10 | 100 |
- Indicate the new equilibriums if there is a decrease in total supply ( 1 1/2 mks)
- Outline 4 types of unemployment in Kenya today. (4 mks)
- From the data of Kanyi Traders given below prepare a profit and loss account on 31/12/2013 ( 4 mks)
Gross loss | 25,400 |
Commission Received | 75,100 |
Discount allowed | 15,300 |
Rent Paid | 22,400 |
Rent Received | 17,800 |
Insurance | 2,000 |
Power | 4,000 |
Commission Received | 10,800 |
Rates | 18,000 |
- Highlight 4 differences between monopoly and monopolistic competition (4 mks)
- State 4 features of indirect production. (4 mks)
- Outline 4 disadvantages of delocalization of firms. (4 mks)
- Highlight 4 ways that can be used to increase a country's exports in order to correct unfavouble balance of payment. (4 mks)
- In evaluating a business opportunity there are certain personal consideration one has to take into account, highlight four (4 mks)
- Record the following transaction in the appropriate book of original entry No posting is required (4 mks)
March 1" Sales of goods on credit to Mark 7,800/- Lucy 5000/-
March 2" Sales of goods on credit to Murimi 2000/-, George 1,400/-
March 3 Sales of goods on credit to Tom 1,100/- Eugene 8,000/- - State 4 factors that determine the holding of money for precautionary motive. ( 4 mks)
- Briefly explain the meaning of the following terms in relation to public finance ( 4 mks)
- Escheats
- Specific tax.
- Reproductive debt
- Impact of tax
- Outline 4 factors that a school should take into consideration before deciding on a method оf rеÑrоgrаÑhÑ tо use. (4 mks)
- State four other names given to books of original entry. (4 mks)
- Give 4 reasons why Akinyl should run a sole proprietorship business instead of joining hands with others to form a partnership (4 mks)
- Outline 4 factors that may make an insurer to re-insure. (4 mks)
- Describe 4 features of liner ships. (4 mks)
- The initials below indicate equilibrium national income.
S+T+M - 1+ X +G
Write the mean of the following (4 mks)- X
- M
- S
- I
- State 4 reasons why choice should be made in satisfying human wants. (4 mks)
- Distinguish between the following (4 mks)
- General merchandise wholesalers and general line wholesalers.
- Del credare agents and import bookers
- Diagonal communication and vertical communication
- Speed post mail and Express mail
- Outline 4 characteristics of bonded warehouse. (4 mks)
- Given the following items of Duka Bora Shop, prepare a trial balance on 31/12/2017 (4 mks)
Stock on 1st Jan 2017 | 43,000 |
Stock on 31/12/2017 | 39,600 |
Capital | ? |
Land and building | 500,000 |
Sales | 75,000 |
Purchases | 65,000 |
Cash | 100,000 |
Overdraft | 80,000 |
Return Inwards | 1,100 |
Return outwards | 2,000 |
Carriage | 5,000 |
Rent Paid | 1,700 |
Postage | 600 |
Discount received | 4,900 |
Loan | 290,000 |
Creditors | 160,000 |
Debtors | 145,000 |
NB 1/5 of carriage relate sales