END OF TERM 3 2022
FORM 1
BUSINESS STUDIES.
MARKING SCHEME
- 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.
- Classify each of the following production activities as either Primary, Secondary or Tertiary. (4mks)
| Activity | Level of production |
| Constructing a bridge | Secondary |
| Transporting medicines | Tertiary |
| Growing vegetables | Primary |
| Making tea | Primary |
- Name four commercial services which are useful to a manufacturer. (4mks)
- Ware housing
- Advertising
- Insuarance
- Communication
- State the type if utility created in each of the following cases.
- There is exchange hence one is able to acquire what they do have.
- Possession utility
- Goods are stored until when they are needed.
- Time utility
- Goods are taken to where they are required.
- Place utility
- Converting goods to the right shapes and sizes required.
- Form utility
- 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.
- What are the payments for the following factors of production. (4mks)
- Labour – Salaries/wages
- Capital – Interest
- Enterprenuer – Profit
- Land – royalty / rent / rate
- 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.
- 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.
- 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)
- 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
- 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.
- 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
- Highlight four characteristics of a good filing system. (4mks)
- Simplicity
- Compactness
- Suitability
- Elasticity
- Safety
- Accessibility
- Economical
- 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.
- List three types of office layouts. (3mks)
- Open office layout
- Enclosed office layout
- Landscape office layout
- Name the office equipment used to perform each of the following tasks. (4mks)
- Printing stamp impression on envelops.
- Franking machine
- Cutting paper into required sizes
- Paper shredler
- Pinning papers together
- Stapler
- Recording, processing, sorting and retrieving information.
- Computer
- 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.
- State essential qualities of an office staff. (3mks)
- Personal attributes
- Office etiquette
- Knowledge and skills.
