Buss 348:Business And Government Question Paper
Buss 348:Business And Government
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2011
SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
TIME : 2 HOURS
INSTRUCTIONS • Answer Question ONE and any Other TWO Questions
Question 1
a) “Government prescribes the rules of the game” Discuss this statement in relation to the roles the government has assumed in its relationship with business. (5marks)
b) What are the justifications for government involvement in business. (10marks)
c) Distinguish between a public good and a private good. (5marks)
d) The government engages itself in public expenditure for the well being of all economic players. To achieve this end, what should be considered when incurring public expenditure. (10marks)
Question 2
a) In maintaining economic stability the government uses both fiscal and monetary policies. With clear examples, discuss the monetary policies. With clear examples, discuss the monetary tools used in Kenya economy. (10marks)
b) Explain FIVE principles of taxation. (10marks)
Question 3
a) Explain FIVE major reasons why roads were constructed as the British settlers entrenched their settlement Kenya economy. (10marks)
b) Outline the varied roles played by multinational corporations in developing countries. (10marks)
Question 4
a) Explain the FIVE basic forms of privatization. (10marks)
b) Discuss FIVE methods used by the Kenyan Government to protect consumers. (10marks)
Question 5
a) Structural Adjustment programmes (SAPs) were meant to help the less developed countries to recover from economic problems and achieve economic growth and development.Outline the measure incorporated in these SAPs. (10marks)
b) Over the recent years, there has been a drive by the East African countries to revive the East African Community. Discuss FIVE major benefits the business community is going to derive from the onset of the East Africa common market. (10marks)
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