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Business Studies (Buss 030) Question Paper

Business Studies (Buss 030)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME : 2 HOURS

INSTRUCTIONS
Answer any three questions
Question One
Describe five characteristics of economic resources
(10 marks)
Explain five advantages of specialization and division of labor
(10 marks)

Question Two
Explain the factors that would influence entrepreneurial practices in Kenya.
(10 marks)
Discuss reasons for transporting goods by air, despite the high costs involved
(10 marks)
Explain five causes of breakdown communication in an organization
(10 marks)

Question Three
A trader intends to construct a warehouse. Explain the measures that he/she should take to ensure smooth functioning of the warehouse
(10 marks)
Discuss five principles of insurance
(10 marks)

Question Four
Explain factors to consider when choosing a product promotion method
(10 marks)
Explain the importance of business studies in society
(10 marks)

Question Five
With an aid of a summary table discuss levels of production (20 marks)

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