- State four characteristics of human wants (4mks)
- State four components of business studies (4mks)
- State four features of a bill of exchange (4mks)
- Highlight five features of an effective warehouse (5mks)
- State five problems of using rail as a transport means (5mks)
- State four types of advertising (4mks)
- Outline four elements of transport. (4mks)
- State four securities traded at the Nairobi stock exchange (4mks)
- State four activities found in primary level of production (4mks)
- State four circumstances under which a cheque is appropriate as a means of payment (4mks)
- Highlight six factors a trader would consider when choosing a means of communication (6mks)
- State four characteristics of mail order stores (4mks)
- Highlight four disadvantages of operating a closed office layout(4mks)
- Highlight four unethical issues on product promotion (4mks)
- State three factors of production (3mks)
- State four advantages of written communication (4mks)
- State three characteristics of an entrepreneur (3mks)
MARKING SCHEME
- State four characteristics of human wants (4mks)
- cannot be postponed
- are felt needs
- must be satisfied before secondary
- one cannot do without them
- State four components of business studies (4mks)
- Economics
- Commerce
- Accounting
- enterpreneurship
- State four features of a bill of exchange (4mks)
- Must be signed by the drawer
- Must be accepted by the drawee
- Accepted unconditionally
- Bear revenue stamp
- Highlight five features of an effective warehouse (5mks)
- Appropriate building design
- Appropriate location
- Efficient staff
- Proper recording system
- Effective communication network
- Adequate security
- State five problems of using rail as a transport means (5mks)
- Uneconomical over short distances
- Needs to be supplemented by other means of transport
- High initial construction cost
- Inflexible
- Slow means of transport
- State four types of advertising (4mks)
- Institutional
- Celebrity
- Product
- informative
- Outline four elements of transport. (4mks)
- The way – surface which units of carriage more
- Unit of carriage – vessels in which goods are transported
- Terminals-point of loading and off loading
- Method of propulsion – power that enables units of carriage to move
- State four securities traded at the Nairobi stock exchange (4mks)
- Shares
- Corporate bonds
- Treasury bills
- Treasury bonds
- State four activities found in primary level of production (4mks)
- Farming
- Fishing
- Mining
- lumbering
- State four circumstances under which a cheque is appropriate as a means of payment (4mks)
- Security/ safety required
- Amount of money involved is large
- Distance between the drawer and payee is large
- Avoid carrying cash
- Trader operates a bank account
- Highlight six factors a trader would consider when choosing a means of communication (6mks)
- Choosing a means of communication
- Cost
- Confidentiality
- Availability
- Distance
- Urgency
- Reliability
- Accuracy of means
- Reference/ evidence
- Length of message
- State four characteristics of mail order stores (4mks)
- Sell goods through post office
- Advertise through means like print media, electronic media,journals and cinemas
- Customer do not visit the selling premises
- Transactions are carried out through the post office
- Goods are dispatched on the basis of cash with order or cash on delivery
- May have large warehouse
- Highlight four disadvantages of operating a closed office layout(4mks)
- No close supervision of workers
- Costly to construct and maintain
- May encourage absenteeism
- May encourage laxity
- Reduces interaction between management and other employees
- Possible misuse of office facilities
- Officers may take a lot of time when moving from one office to another
- Highlight four unethical issues on product promotion (4mks)
- Not disclosing side effects
- False pricing
- Cheating on the ingredients of the products
- Cheating on the permanence of the products
- Negative effects on the environment
- State three factors of production (3mks)
- Capital
- Land
- Entrepreneurship
- Labour
- Advantages of written communication
- Can be retained are relatively cheap
- Suitable for confidential information
- Allows for inclusion of fine details
- Used as evidence
- Can be addressed to many people
- Characteristics of an entrepreneur
- Risk taker
- Initiative
- Able to solve problems
- Desire to achieve
- Time consciousness
- Seek information
- Concern for high quality products
- Commitment to work
- Desire
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