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Business Form One Term Two Question Paper

Business Form One Term Two

Course:Secondary Level

Institution: Mock question papers

Exam Year:2012

1. Highlight 5 drawbacks of direct production 5marks
2. Highlight 5 advantages of division of labour and specialisation 5marks
3. Give 4 factors of production with their rewards 4marks
4. Define utility 1mark
b. Highlight four forms of utility 4marks
5. Highlight 5 functions of enterpreneurs 5marks
6. State 5 characteristics of labour 5marks
7. State how scarcity, choice and opportunity cost are related 3marks
8. Give 4 reasons why we make choices for goods and services 4marks
9. With aid of appropriate examples differentiate primary wants from secondary wants 5marks
10. State 5 characteristics of goods 5marks
11. List 5 characteristics of land 5marks
12. Outline 5 types of business activities 5marks
13. State whether each of the following factors fall under micro-environment or macro-environment.
a. Competitive environment
b. Regal political environment
c. Business structure
d. Business culture
14. Give 5 various micro-environment that affect business 5marks
15. Give 5 importance of business in the society 5marks
16. State 5 branches of business studies 5marks
17. Describe 5 characteristics of human wants 10 marks
18. Distinguish between goods and services 10marks

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