SECTION A
(ANSWER ALL QUESTIONS IN THIS SECTION)
- State FOUR characteristics of basic wants: (4mks)
- List any TWO elements that comprises of the internal environment of a business (2mks)
- Outline any four features of economic resources (4mks)
- Highlight any four types of small scale retailers with shops (4mks)
- Name any four clauses of memorandum of association for limited liability companies.(4mks)
- State four principles of co-operatives (4mks)
- Identify any four ways through which the government may regulate business activities(4mks)
- Highlight any four reasons why the government needs to get involved in business activities (4mks)
- State the essential elements of transport (4mks)
- Outline any four advantages of carts as a means of transport (4mks)
- Give any FOUR characteristic of tramps (4mks)
- State any four importance of transport to a business (4mks)
SECTION B (ANSWER ANY TWO QUESTIONS FROM THIS SECTION)
- Explain any six factors to be considered when selecting an office equipment (12mks)
- Explain six factors that influences the choice of appropriate means of transport (12mks)
- Differentiate between Goods and Services (12mks)
- Describe any six methods used by the government to protect consumers (12mks)
MARKING SCHEME
SECTION A(ANSWER ALL QUESTIONS IN THIS SECTION)
- State FOUR characteristics of basic wants: (4mks)
- They are felt needs
- They cannot be postponed.
- They are satisfied before secondary wants
- One cannot do without them
- List any TWO elements that comprises of the internal environment of a business(2mks).
- Business culture
- Business structure
- Human resources
- Technologies
- Owners
- Outline any four features of economic resources (4mks)
- They are scarce
- They have monetary value
- They have utility
- They can change ownership
- They are unevenly distributed.
- They are complimentary.
- Highlight any four types of small scale retailers with shops (4mks)
- Single shops
- Tied shops
- Kiosks
- Canteens
- Mobile shops
- Name any four clauses of memorandum of association for limited liability companies.(4mks)
- Name clause
- Objectives clause
- Liability clause
- Capital clause
- Declaration clause
- State four principles of co-operatives (4mks)
- Voluntary and open membership.
- Democratic administrative
- Limited interest on share capital.
- Promotion of education to members.
- Provision of dividends to members.
- Co-operation with other co-operatives.
- Identify any four ways through which the government may regulate business activities(4mks)
- Licensing
- Ensuring standards
- Legislation
- Through offering advisory services.
- Highlight any four reasons why the government needs to get involved in business activities(4mks)
- To prevent exploitation of the public by the private section.
- To provide essential goods and services where private individuals are unwilling to venture because of low profit.
- To provide essential goods and services which private individuals are unable to provide due to the large amount of the initial capital required.
- To stimulate economic development in the country.
- To prevent foreign dominance for economy by investing in areas where the locals are not able to
- State the essential elements of transport (4mks)
- Ways
- Unit of carriage
- Methods of propulsion
- Terminals.
- Outline any four advantages of carts as a means of transport (4mks)
- Relatively cheap to hire over short distances.
- Initial buying and maintenance cost is low.
- It is appropriate in remote areas where other means are not available.
- It compliments other means of transport.
- Readily available for hire.
- Give any FOUR characteristic of tramps (4mks)
- Do not have a fixed route.
- Have no set timetables
- There fares are not fixed. They change according to demand.
- They have irregular travelling patterns.
- State any four importance of transport to a business (4mks)
- Helps to link the consumers to producers.
- Helps in creation of employment.
- Promotes specialization.
- Makes goods and services more useful.
- Creates a wider market for goods/products.
SECTION B (ANSWER ANY TWO QUESTIONS FROM THIS SECTION)
- Explain any six factors to be considered when selecting an office equipment(12mks)
- Cost
- Availability of manpower
- Availability of spare parts
- The possibility of hiring than purchasing.
- Availability of auxiliary services e.g. electricity
- Explain six factors that influences the choice of appropriate means of transport(12mks)
- Cost
- Nature of goods
- Reliability of the means.
- Availability of he means.
- Security of means.
- Differentiate between Goods and Services (12mks)
GOODS SERVICES 1 goods can be seen services cannot be seen 2 Quality can be standardized Quality cannot be standardized. 3 Are tangible Are intangible 4 Can be stored Cannot be stored 5 Can change possession Cannot be separated from the service provider - Describe any six methods used by the government to protect consumers(12mks)
- Setting up standards.
- Weights and measures act
- Licenses.
- Foods and act.
- Public health act
- Trade description act/sale of goods act.
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