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TUMAINI HOUSE SCHOOL
FORM TWO BUSINESS STUDIES
MID-TERM II EXAMS 2023 TIME 2 HOURS.
NAME……………………………………….………ADM NO…………...CLASS……………
INSRTUCTIONS: ANSWER ALL THE QUESTIONS ON THE SPACES PROVIDED
1. State the term given to each of the following descriptions. (4mks)
a) Systematic way of recording business activities …………………………….
b) Ability to organize other factors of production in the right proportion in order to start and run a business
…………………………………………
c) Study of how human beings strive to satisfy their unlimited wants using scarce resources ……………………………….
d) Activities that are carried out in an office ……………………………………..
2. Highlight four features of basic human wants. (4mks)
3. Highlight four sources of capital for companies. (4mks)
4. Outline four documents used in the delivery process in home trade. (4mks)
5. Outline four features of labour as a factor of production. (4mks)
6. Mr. Sudi started a business a year ago. The business started experiencing problems in the second year and shortly thereafter
closed its doors. Outline four possible reasons why the business failed.
(4mks)
7. Name the type of economic resources described by the following features. (4mks)
a) There are resources whose use can be restored or used again …………………….
b) They are resources created by the man to assist in further production ……………….
c) Are physical or mental efforts rendered by a human being in production ……………..
d) Are resources provided by the nature and are referred to as gifts of nature …………...
8. State the level of production in each of the following activities. (4mks)
Activity Level of production
a) Cooking meals for students
b) Harvesting maize
c) Distribution of kerosene
d) Boiling milk using electricity
9. Highlight four importance of entrepreneurship to the growth of the economy. (4mks)
10. Outline the functions of the following office machines. (4mks)
a) Shredder...…………………………………………………………………..
b) Franking machine ………………………………………………………….
c) Cash register ……………………………………………………………….
d) Cell phone ………………………………………………………………….
11. Outline four reasons why producer cooperatives are popular in Kenya. (4mks)
12. James is an employee in XYZ Company limited. He has not been performing his duties well and customers keep on
complaining. Outline four personal attributes he should improve on to perform his duties well.
(4mks
13. State four circumstances under which hire purchase may be used to acquire goods. (4mks)
14. Classify each of the following activities as either business activity or non- business activity.
a) Going to the stadium. .…………………………………………………………….
b) Buying mangoes to eat …………………………………………………………….
c) Selling maize for a fee …………………………………………………………….
d) Buying tomatoes for selling ……………………………………………………….
15. State the type of utility that is created in each of the following activities; (4 marks)
(a) Bread baking……………………………………………………………………………..
(b) Keeping bread in a fridge………………………………………………………………..
(c) Selling bread to students……………………………………………………………………..
(d) Transporting bread from factory to school…………………………………………………
16. List four clauses contained in the memorandum of association. (4 marks)
17. Name four various types of partners. (4 marks)
18. Differentiate between entrepreneurship and an entrepreneur. (2 marks)
19. Highlight four roles played by The Nairobi Stock Exchange. (4 marks)
20. State four documents required by the register of companies in order to register a company. (4 marks)
21. State four principles that guides cooperative societies in Kenya. (4 marks)
22. Outline four circumstances that may cause a partnership business to be dissolved. (4 marks)
23. Outline four roles played by good filing system. (4 marks)
24. Explain five macro environments that may influence the operations of a business. (10 marks)
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TUMAINI HOUSE SCHOOL
FORM ONE BUSINESS STUDIES
MID-TERM II EXAMS 2023
TIME 2 HOURS.
NAME………………………………………….…….ADM NO………….……CLASS………………
INSRTUCTIONS: ANSWER ALL THE QUESTIONS ON THE SPACES PROVIDED.
1. State four types of utilities (4 marks)
2. Define the following terms as used in business studies. (6 marks)
i. Consumer………………………………………………………………………………………………………………
…………………………………………………………………………
ii. Production………………………………………………………………………………………………………………
…………………………..………………………………………………
iii. Entrepreneurship………………………………………………………………………………………………………
…………………………………………………………………………
3. Highlight five characteristics of economic resources. (5 marks)
4. Name five items contained in a business plan. (5 marks)
5. State four rewards of land a factor of production. (4 marks)
6. Differentiate between goods and services (4 marks)
7. Highlight five functions of an office. (5 marks)
8. Outline five sources of business idea. (5 marks)
9. State four characteristics of Direct production (4 marks)
10. Citing an example outline three levels of production. (6 marks)
11. Differentiate between a want and a need. (2 marks)
i. Want……………………………………………………………………………………………………………………
………………………………………………………………………….
ii. Need……………………………………………………………………………………………………………………
………………………………………………………………………….
12. Highlight four characteristics of human wants. (4 marks)
13. Name five methods of reproducing documents. (5 marks)
14. Define the term business plan State four types of business resources. (4 marks)
15. Outline four functions of an entrepreneur. (4 marks)
16. Highlight four roles of filing in an office (4 marks)
17. State four characteristics of basic human wants. (4 marks)
18. Indicate with a tick ( ) the level of production in which each of the occupations belongs. (5 marks)
occupation primary secondary tertiary
Coal mining
entertainment
Road building
Forestry
insurance
19. Outline four external environment of a business. (4 marks)
20. Classify each of the following goods as either producer or consumer goods. (4 marks)
i. Raw materials…………………………………………………………………………………
ii. Tractor………………………………………………………………………………………..
iii. Timber………………………………………………………………………………………..
iv. Jewellery……………………………………………………………………………………..
v. Tooth paste…………………………………………………………………………………..
