Get premium membership and access questions with answers, video lessons as well as revision papers.
Acceptability:items used must be accepted by all the act as medium of exchange.
Scarcity:money should be limited in supply to maintain its value
Durability-money should be long lasting without wasting out to be used for long period
Divisibility-money should be divided into small units without losing its value to be used for small payments
isaacmuthini answered the question on October 11, 2017 at 11:53
- Explain four methods used by the government to regulate business activities .(Solved)
Explain four methods used by the government to regulate business activities .
Date posted: October 11, 2017. Answers (1)
- Advertising is a very popular method of product promotion among traders.Explain four qualities of a good advert ...(Solved)
Advertising is a very popular method of product promotion among traders.Explain four qualities of a good advert
Date posted: October 11, 2017. Answers (1)
- Explain five factors that may lead to an increase in the level of national income of a country(Solved)
Explain five factors that may lead to an increase in the level of national income of a country
Date posted: October 11, 2017. Answers (1)
- Discuss five advantages of limited liability company over other form of business unit(Solved)
Discuss five advantages of limited liability company over other form of business unit
Date posted: October 11, 2017. Answers (1)
- The Kenyan government is constructing a new Standard Gauge Railway(SGR)line.Explain five benefits that will accrue to the Kenyan economy from this railway line.(Solved)
The Kenyan government is constructing a new Standard Gauge Railway(SGR)line.Explain five benefits that will accrue to the Kenyan economy from this railway line.
Date posted: October 11, 2017. Answers (1)
- What is partnership deed and what is the content of the deed?(Solved)
What is partnership deed and what is the content of the deed?
Date posted: October 11, 2017. Answers (1)
- Discuss in details the phases in the growth of a firm/business(Solved)
Discuss in details the phases in the growth of a firm/business.
Date posted: October 11, 2017. Answers (1)
- Mention four reasons why the extractive level of production is the highest income earner in Kenya(Solved)
Mention four reasons why the extractive level of production is the highest income earner in Kenya
Date posted: October 11, 2017. Answers (1)
- What is business environment?Differentiate between operating and remote environment (Solved)
What is business environment?Differentiate between operating and remote environment
Date posted: October 11, 2017. Answers (1)
- Outline four factors that may assist a firm to expand its scale of operations (Solved)
Outline four factors that may assist a firm to expand its scale of operations
Date posted: October 11, 2017. Answers (1)
- Chanza industries want to open a warehouse for her products.Give the management some advice on four factors it should consider in establishing the warehouse(Solved)
Chanza industries want to open a warehouse for her products.Give the management some advice on four factors it should consider in establishing the warehouse
Date posted: October 11, 2017. Answers (1)
- Differentiate between entrepreneurship and entrepreneur(Solved)
Differentiate between entrepreneurship and entrepreneur
Date posted: October 11, 2017. Answers (1)
- State four benefits of using the social media to a business person(Solved)
State four benefits of using the social media to a business person
Date posted: October 11, 2017. Answers (1)
- Kenya has recently expanded its external trade with Asian countries.Outline four benefits Kenya gets from his expansion(Solved)
Kenya has recently expanded its external trade with Asian countries.Outline four benefits Kenya gets from his expansion
Date posted: October 11, 2017. Answers (1)
- Highlight four circumstances under which the per capita income statistics would be appropriate in comparing living standards between two countries(Solved)
Highlight four circumstances under which the per capita income statistics would be appropriate in comparing living standards between two countries
Date posted: October 11, 2017. Answers (1)
- Give four reasons for the decline in fertility rates in Nyeri county in the recent years(Solved)
Give four reasons for the decline in fertility rates in Nyeri county in the recent years
Date posted: October 11, 2017. Answers (1)
- Outline five benefits that a member of consumer cooperative society enjoys(Solved)
Outline five benefits that a member of consumer cooperative society enjoys
Date posted: October 11, 2017. Answers (1)
- The demand for soda in Mt.Kenya region has increased by over 30% within one year.State four factors that may have led to the change in...(Solved)
The demand for soda in Mt.Kenya region has increased by over 30% within one year.State four factors that may have led to the change in demand
Date posted: October 11, 2017. Answers (1)
- State four factors that have led to the increased use of pipeline transport in Kenya(Solved)
State four factors that have led to the increased use of pipeline transport in Kenya
Date posted: October 11, 2017. Answers (1)
- Mwangi is employed as a filing Clerk in Mwanzoni hospital. Highlight four challenges the hospital is facing in its filling from Mwangi's incompetences(Solved)
Mwangi is employed as a filing Clerck in Mwanzoni hospital. Highlight four challenges the hospital is facing in its filing from Mwangi's incompetence
Date posted: October 11, 2017. Answers (1)