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Business Studies Question Paper
Business Studies
Course:Secondary Level
Institution: Mock question papers
Exam Year:2009
ANSWER ALL QUESTIONS IN THE SPACES PROVIDED
1.State four factors that constitute the external environment of a business.(4marks)
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2.Differentiate between a business and business studies.(4marks)
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3.Give four benefits that may accrue to a society as a result of engaging in business.(4marks)
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4.Give four differences between a good and a service.(4marks)
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5.Mention any four types of business activities.(4marks)
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6.State five elements of internal environment of a business.(4marks)
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7.Give four ways in which a business can be socially responsible to its employees.(4marks)
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8.List five components of a healthy business environment.(5marks)
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9.State the circumstance under which human wants would be said to exhibit the following characteristics.(5marks)
Want circumstance.
1.complimentary ...................
2.Insatiable ...................
3.Recurrent ...................
4.Habitual ...................
5.Unlimited ...................
10.Give any three classifications of economic resources.(3marks)
............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................11.Highlight any five characteristics of economic resources.(5marks)
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................12.What is meant by the term ''production'' as used in business?(2marks)
..............................................................................................................................................................................................................................................................................................................................................................................................................................................................................13.Differentiate between renewable and non-renewable resources and give an appropriate example in each case.(4marks)
..................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................14.Give the meaning of the following types of production.(4marks)
1.Direct production.
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