Business Studies Questions and Answers - Form 1 End Term 2 Exams 2022

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Questions

Instructions.

  • Answer all questions in the spaces provided.

 

  1. State four characteristics of basic wants. (4mks)
  2. Classify each of the following production activities as either Primary, Secondary or Tertiary. (4mks)
    Activity Level of production
    Constructing a bridge  
    Transporting medicines  
    Growing vegetables  
    Making tea  
  3. Name four commercial services which are useful to a manufacturer. (4mks)
  4. State the type if utility created in each of the following cases. (4mks)
    1. There is exchange hence one is able to acquire what they do have.
    2. Goods are stored until when they are needed.
    3. Goods are taken to where they are required.
    4. Converting goods to the right shapes and sizes required.
  5. Highlight four characteristics of Direct production. (4mks)
  6. What are the payments for the following factors of production. (4mks)
    1. Labour
    2. Capital
    3. Enterprenuer
    4. Land
  7. State four disadvantages of Division of labour and specialization. (4mks)
  8. State four functions of an entrepreneur. (4mks)
  9. Apart from shows and exhibitions list four other sources of business ideas. (4mks)
  10. Highlight four reasons why a business needs a business plan. (4mks)
  11. State four ways of classifying goods and services produced in an economy. (4mks)
  12. Name four duties carried out in an office. (4mks)
  13. Highlight four characteristics of a good filing system. (4mks)
  14. List four roles of filing in an office. (4mks)
  15. List three types of office layouts. (3mks)
  16. Name the office equipment used to perform each of the following tasks. (4mks)
    1. Printing stamp impression on envelops.
    2. Cutting paper into required sizes
    3. Pinning papers together
    4. Recording, processing, sorting and retrieving information.
  17. State four factors to be considered when selecting office equipment. (4mks)
  18. State essential qualities of an office staff. (3mks)

Marking Scheme

  1. State four characteristics of basic wants. (4mks)
    • One cannot do without them.
    • They are felt needs
    • They cannot be postponed.
    • They are satisfied before secondary wants.
  2. Classify each of the following production activities as either Primary, Secondary or Tertiary. (4mks)
  3. Name four commercial services which are useful to a manufacturer. (4mks)
    • Ware housing
    • Advertising
    • Insuarance
    • Communication
  4. State the type if utility created in each of the following cases.
    1. There is exchange hence one is able to acquire what they do have.
      • Possession utility
    2. Goods are stored until when they are needed.
      • Time utility
    3. Goods are taken to where they are required.
      • Place utility
    4. Converting goods to the right shapes and sizes required.
      • Form utility
  5. Highlight four characteristics of Direct production. (4mks)
    • Goods and services are of low quality and quality.
    • Encourages individualism.
    • Leads to how standards of living
    • Can be very tiring
    • Does not encourage invention and innovation.
    • A lot of time is wasted as one moves from one job to another.
    • No one has the ability to provide all that he/she requires.
  6. What are the payments for the following factors of production. (4mks)
    1. Labour – Salaries/wages
    2. Capital - Interest
    3. Enterprenuer – Profit
    4. Land – royalty / rent / rate
  7. State four disadvantages of Division of labour and specialization. (4mks)
    • Leads to monotony of work resulting to boredom.
    • Hinders creativity since people work mechanically just like machines.
    • Makes a worker dependant one trade.
    • Encourage use of machines, which creates unemployment.
    • Makes a counting depend on other countries.
    • It brings many people together and this leads to social problems such as crime and prostitution.
    • Leads to lack of pride in the final product.
    • If a few people stop working due to a technical fault such as printer failure, the whole process of production stops.
  8. State four functions of an entrepreneur. (4mks)
    • Creation of employment.
    • Formation of capital
    • Reducing rural urban migration
    • Raising standards of living
    • Saving on imports.
    • Improving infrastructure.
  9. Apart from shows and exhibitions list four other sources of business ideas. (4mks)
    • Newspapers
    • Magazine articles
    • Hobbies
    • Vocational training and experience
    • Surveys
    • Waste products
    • Sporting a market gap (niche)
  10. Highlight four reasons why a business needs a business plan. (4mks)
    • Avoiding mistakes
    • Identifying strengths and weaknesses
    • Requirements by financiers
    • Determination of the amount of finance required.
    • Allocation of resources
    • A motivating factor
    • Adaptability
  11. State four ways of classifying goods and services produced in an economy. (4mks)
    • Free goods and economic goods
    • Producer goods and consumer goods
    • Perishable goods and durable foods
    • Public goods and private goods
    • Intermediate goods and finished goods
    • Material goods and non-material goods.
  12. Name four duties carried out in an office. (4mks)
    • Receiving and recording information
    • Distribution of information
    • Mailing
    • Reproduction of documents
    • Safeguarding and controlling organization property.
    • Communication
    • Filling
  13. Highlight four characteristics of a good filing system. (4mks)
    • Simplicity
    • Compactness
    • Suitability
    • Elasticity
    • Safety
    • Accessibility
    • Economical
  14. List four roles of filing in an office. (4mks)
    • Documents are protected from loss and landing into unauthorized hands.
    • It aids in office tidiness and efficiency.
    • It an important aid to memory.
    • Ensures that information is stored systematically and con be retrieved easily when needed.
    • Documents are kept neat and tidy.
  15. List three types of office layouts. (3mks)
    • Open office layout
    • Enclosed office layout
    • Landscape office layout
  16. Name the office equipment used to perform each of the following tasks. (4mks)
    1. Printing stamp impression on envelops.
      • Franking machine
    2. Cutting paper into required sizes
      • Paper shredler
    3. Pinning papers together
      • Stapler
    4. Recording, processing, sorting and retrieving information.
      • Computer
  17. State four factors to be considered when selecting office equipment. (4mks)
    • Cost
    • Adaptability
    • Possibility of hiring than buying
    • Durability
    • Effect on staff morale
    • Availability of complimentary resources
    • Availability of manpower
    • Security of an equipment.
  18. State essential qualities of an office staff. (3mks)
    • Personal attributes
    • Office etiquette
    • Knowledge and skills.

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