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Business Studies(Buss 030) Question Paper

Business Studies(Buss 030)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME :2 HOURS

INSTRUCTIONS Answer Question ONE and any Other TWO
Question 1
a) Write short notes on the following terms
i) Assets
ii) Consumer
iii) Shareholders
iv) Utility
v) Advertising
vi) Entreprenuer (12marks)
b) Outline the role of small businesses in the development of the Kenyan economy today(8marks)
c) Discuss the importance of human element in business. (10marks)

Question 2
a) Define sole proprietorship. (3marks)
b) State three advantages and disadvantages of sole proprietorships (6marks)
c) It has been argued that man of today is well off and enjoys a much higher standard of living due to the business efficiency in various sectors of the economy however business has also been criticized. Discuss some of the criticisms of Business. (6marks)

Question 3
a) Distinguish liabilities and Capital (5marks)
b) Outline the major managerial functions and suggest how they are related to the functions of a business firm. (10marks)

Question 4
a) Define a Service and discuss the unique characteristics of services. (5marks)
b) Explain the following terms:
i) Span of Management
ii) Job Rotation
iii) Decentralization
iv) Job Design
v) Delegation (10marks)

Question 5
a) What are trade unions? Mention some of the objectives of trade unions. (7marks)
b) Give and explain the functions of a financial manager (8marks)

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