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Commerce(Buss 201) Question Paper

Commerce(Buss 201)

Course:Education And Pre-University

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1
a) “Business activities” have helped us raising the standard of living, growth and development of people of Kenya. Justify the statement (14marks)
b) Distinguish between the following terms:-
i) A certificate of trading and a certificate of incorporation (2marks)
ii) A cooperative society and savings and credit cooperative society (2marks)
iii) Principle of utmost good faith and principle of indemnity (2marks)

Question 2
a) Distinguish between direct and indirect production giving relevant examples (5marks)
b) Discuss the role of “aids to trade in the economic development of Kenya (15marks)

Question 3
a) Enumerate the differences between sole-proprietorship and partnership as forms of business units (12marks)
b) As a manager of an esteemed company explain how effective communication is important in the growth and expansion of your firm (8marks)

Question 4
Explain why the Kenya government participate in business enterprises indicating the merits and demerits of its involvements in business activities (20marks)

Question 5
a) Highlight five sources of business finance to a businessman (5marks)
b) Mr Munae a businessman is unable to identify which means of transport to use to go to Dar-es-salaam. Advice him on the factors to consider (15marks)

Commerce(Buss 201) Question Paper

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