Get premium membership and access questions with answers, video lessons as well as revision papers.
i. Where large sums of money is to be paid.
ii. Where there is need to make payment without travelling.
iii. Where there is need for future reference of payment.
iv. Where there is need to use it as a negotiable instrument.
v. Where there is need to enhance security as it can be crossed.
vi. Where it is the business policy to pay by cheque.
monica20 answered the question on November 2, 2017 at 04:56
- Identify four classes of business activities that one may engage in.(Solved)
Identify four classes of business activities that one may engage in.
Date posted: November 2, 2017. Answers (1)
- Give three advantages of using M-pesa as a means of payment.(Solved)
Give three advantages of using M-pesa as a means of payment.
Date posted: November 1, 2017. Answers (1)
- During the 2013 election period, many aspiring politicians campaigned using billboards. Highlight
four limitations of using this method.(Solved)
During the 2013 election period, many aspiring politicians campaigned using billboards. Highlight
four limitations of using this method.
Date posted: November 1, 2017. Answers (1)
- Mention the principle of insurance involved in the following statements.
(a). One cannot insure the neighbour’s house.
(b) Compensation is paid out by an insurance company only...(Solved)
Mention the principle of insurance involved in the following statements.
(a). One cannot insure the neighbour’s house.
(b) Compensation is paid out by an insurance company only if the loss is a direct result of
happening of the event insured against.
(c). After having been compensated the insured is not allowed to take the scrap.
(d). The aim of the insurance company is to put back the insured to his/her original material
financial position and not to profit him/her.
Date posted: November 1, 2017. Answers (1)
- Give four advantages of parastatals.(Solved)
Give four advantages of parastatals.
Date posted: November 1, 2017. Answers (1)
- Outline three circumstances under which downward communication may be used in a firm.(Solved)
Outline three circumstances under which downward communication may be used in a firm.
Date posted: November 1, 2017. Answers (1)
- Highlight four ways in which consumers may protect themselves against exploitation by traders(Solved)
Highlight four ways in which consumers may protect themselves against exploitation by traders
Date posted: November 1, 2017. Answers (1)
- Highlight four factors which are likely to hinder a country’s development.(Solved)
Highlight four factors which are likely to hinder a country’s development.
Date posted: November 1, 2017. Answers (1)
- Give four types of errors not disclosed in a trial balance.(Solved)
Give four types of errors not disclosed in a trial balance.
Date posted: November 1, 2017. Answers (1)
- Outline four measures a country like Kenya may take to correct unfavourable balance of payment.(Solved)
Outline four measures a country like Kenya may take to correct unfavourable balance of payment.
Date posted: November 1, 2017. Answers (1)
- Outline four benefits of a growing youthful population on the economy of a country like Kenya.(Solved)
Outline four benefits of a growing youthful population on the economy of a country like Kenya.
Date posted: November 1, 2017. Answers (1)
- Highlight four benefits of the improved road network in Kenya.(Solved)
Highlight four benefits of the improved road network in Kenya.
Date posted: November 1, 2017. Answers (1)
- The progress of a country depends on the economic resources available.
(a) Outline two types of economic resources.
(b) Name two good examples of economic resources of...(Solved)
The progress of a country depends on the economic resources available.
(a) Outline two types of economic resources.
(b) Name two good examples of economic resources of Kenya.
Date posted: November 1, 2017. Answers (1)
- Highlight four circumstances under which a manufacturer may not require warehousing services.(Solved)
Highlight four circumstances under which a manufacturer may not require warehousing services.
Date posted: November 1, 2017. Answers (1)
- Give four reasons why a business may need a business plan.(Solved)
Give four reasons why a business may need a business plan.
Date posted: November 1, 2017. Answers (1)
- Name four skills that a student acquires by learning Business Studies.(Solved)
Name four skills that a student acquires by learning Business Studies.
Date posted: November 1, 2017. Answers (1)
- Outline three features of monopolistic competition market.(Solved)
Outline three features of monopolistic competition market.
Date posted: October 31, 2017. Answers (1)
- State four qualities of effective communication.(Solved)
State four qualities of effective communication.
Date posted: October 31, 2017. Answers (1)
- Outline four factors to consider when selecting office equipment.(Solved)
Outline four factors to consider when selecting office equipment.
Date posted: October 31, 2017. Answers (1)
- Highlight the features of a good tax system.(Solved)
What are the features/attributes/characteristics of a good tax system?
Date posted: October 31, 2017. Answers (1)