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Business Studies Form 1 Third Term Question Paper

Business Studies Form 1 Third Term 

Course:Business Studies

Institution: Form 1 question papers

Exam Year:2014



1)State the documents used for the following functions
a)To find out whether a certain supplier stocks certain goods

b)To request a supplier to provide particular products to a customer

c)To inform a buyer that his/her account has been reduced by a certain amount of money

d)To describe products that have been sold to a buyer on credit

2)State the purpose served by each of the following documents

A)Receipt

B)Packing sheet

C)Delivery note

3)Discuss different forms of credit that a business person may offer a customer

4)Distinguish between hire purchase and deferred payment

5)Outline the advantages of paying debts using a cheque

6)Outline 3 benefits that a consumer may gain by buying products on credit

7)Highlight 5 methods that may be used to transfer money through commercial banks

8)Discuss the advantages of hire purchase to the seller

9)Outline 3 details that a person receiving money through posta pay should fill in the receive form

10)Highlight the benefits of using mobile phone money transfer services




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