Form 2 Business Studies with Free Marking Scheme End Term 1

1.   Mention four characteristics of goods.                                                                             (4mks)

2.   State four measures that the government may employ to regulate and control business activities.                                                                                                                               (4mks)

3.   Identify documents that relates to the following statements.                                      (4mks)

Statement	Document
Corrects an overcharge
Shows amount expected from a number of transaction in a given period
It’s a booklet containing brief description of goods sold.
Demand for payment after delivery of goods on credit.

4.   Outline four trends in transport sector.                                                                            (4mks)

5.   Give four benefits of a partitioned office layout                                                             (4mks)

6.   Outline four barriers to effective communication                                                          (4mks)

7.   Outline four reasons for dishonouring a cheque                                                            (4mks)

8.   Mention four disciplines that constitute business studies                                            (4mks)

9.   The bodaboda motorcycles are very popular both in urban and rural environment.

Highlight four disadvantages of this method of transport.                                          (4mks)

10. Highlight four methods government gets involved in business activities.                (4mks)

11. State whether the following factors constitute internal or external environment to a

business.                                                                                                                                (4mks)

Factor	Environment
Shareholders resolutions
Firms physical infrastructure
Currency exchange rate
Cost of finance

12. Highlight Four characteristics of capital as a factor of production.                             (4mks)

13. Outline four ways in which the problem of scarce resources can be addressed by a consumer.

(4mks)

14. Mention four types of utilities with the relevant production activity associated with each.                                                                                                                                                              (4mks)

15. Outline four challenges that might be faced by an entrepreneur who fails to prepare business plan.                                                                                                                                       (4mks)

16. Explain five differences between a public corporation and a private limited company      (10mks)

Public	Private

17. State and explain five circumstances under which cash on delivery will be preferable

rather than the use of cheque in transaction                                                                    (10mks)

18. Explain five importance of transport to a business person                                           (10mks)

19. Explain five factors that an entrepreneur would consider when evaluating a business

idea.                                                                                                                                        (10mks)

Business Studies Form Two Past Paper Questions and Answers