Business Studies Questions and Answers - Form 2 Mid Term 2 Exams 2023

• Answer all questions in the spaces provided

1. Mention four methods of reproducing documents in an office. (4mks)
2. state four barriers to effective communication.                     (4mks
3. Identify whether the following factors fall under micro or macro environment of a business.  (4mks)
   

   Factor	Environment
   (a) Competition level
   (b) Business Structure
   (c) Cultural beliefs
   (d) Human resource

4. State four sources from which an entrepreneur may obtain business ideas. (4mks)
5. State four disadvantages of railway transport.               (4mks)
6. Highlight four factors that a trader may consider when determining the appropriate means of transport (4mks)
7. List four ways the government may regulate business activities in a country (4mks) 
8. The diagram below represents trade.
   
   Identify what is represented by:
9. Highlight four features of a supermarket. (4mks)
10. State four characteristics of economic resources. (4mks)
11. state five essential elements of communication. (5mks)
12. Identify the terms given to each of the following statements. (5 marks)  
    

    	Statement	Term
    a)	Transport goods from producers to consumers
    b)	Activities carried out with a view of making profit.
    c)	A person who uses a good or service.
    d)	Increasing the usefulness of a good or services
    e)	Study of how human beings strive to satisfy unlimited wants with limited resources.

MARKING SCHEME

1. Mention four methods of reproducing documents in an office.  (4mks)
   • Carbon copying
   • Photocopying
   • Computer printing
   • Scanning
   • Stencil printing
   • Ink duplicating
   • Offset lithography
2. state four barriers to effective communication.  (4mks)
   • Dissatisfaction or Disinterest with one's job
   • Inability to listen to others
   • lack of transparency & trust
   • Communication Styles (when they differ)
   • Conflicts in the work place
   • Cultural Differences & Language
3. Identify whether the following factors fall under micro or macro environment of a business.  (4mks)

   Factor	Environment
   (a) Competition level	macro
   (b) Business Structure	micro
   (c) Cultural beliefs	macro
   (d) Human resource	micro

4. State four sources from which an entrepreneur may obtain business ideas. (4mks)
   • News papers.
   • Magazines.
   • Shows, exhibitions and trade fairs.
   • Developing hobbies
   • Market surveys.
   • Recycling waste products.
   • Listening to what people say .
   • Spotting a market gap.
   • Observing the already existing businesses.
   • Borrowing from the internet.
   • Brainstorming with friends and relatives.
5. State four disadvantages of railway transport.  (4mks)
   • Trains are Expensive
   • Not flexible
   • Not convenient over short distances
   • Railway lines are expensive
6. Highlight four factors that a trader may consider when determining the appropriate means of transport (4mks)
   • Nature of goods - whether they are bulky, perishable or fragile.
   • Speed/urgency - where goods are to be delivered quickly.
   • Cost of transport - should be economical.
   • Distance to be covered.
   • Availability of the means.
   • Packaging requirements for the goods.
   • The risks involved.
   • Availability of terminals.
   • Reliability of the means.
   •  Flexibility.
   •  Comfortability.
   • Need for special services.
7. List four ways the government may regulate business activities in a country (4mks)
   • Issuing licenses.
   • Enacting legislation.
   • Formulating policies.
   • Setting standards.
   • Issuing directives.
   • Price controls.
   • Taxation and offering subsidies.
   • Fixing quotas.
8. The diagram below represents trade.
   Identify what is represented by:
   1. home trade
   2. wholesale
   3. export/import
   4. import/export
9. Highlight four features of a supermarket. (4mks)
   • Requires large amount of capital to start.
   • Stocks a variety of goods.
   • Goods have price tags/stickers/bar codes.
   • Goods are sold on self-service basis.
   • Goods are sold in cash only
10. State four characteristics of economic resources. (4mks)
    • Unevenly distributed
    • Have utility
    • Have money value
    • Scarce in supply
    • Can be combined
11. state five essential elements of communication. (5mks)
    • sender
    • message
    • medium
    • receiver
    • feedback
12. Identify the terms given to each of the following statements. (5 marks)  
    

    	Statement	Term
    a)	Transport goods from producers to consumers	Distribution
    b)	Activities carried out with a view of making profit.	Trade/business
    c)	A person who uses a good or service.	Consumer
    d)	Increasing the usefulness of a good or services	Production
    e)	Study of how human beings strive to satisfy unlimited wants with limited resources.	Economics