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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