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i. It improves social interaction between parties involved
ii. People can access goods / services they are not able to produce
iii. People can be exposed to good cultural practices from other communities
iv. It enhances specialization in the production of goods / services
v. It does not require common medium of exchange for trade to take place
vi. Surplus goods / services can be disposed off through exchange
vii. One may get goods / services required immediately upon exchange unlike in money trade
gideon1 answered the question on November 2, 2017 at 05:08
- Indicate the subsidiary ledger in which each of the following should be recorded.
Account . Subsidiary Ledger.
a) Return inwards
b) Discount Received
c) Drawings
d) Bank(Solved)
Indicate the subsidiary ledger in which each of the following should be recorded.
Account . Subsidiary Ledger.
a) Return inwards
b) Discount Received
c) Drawings
d) Bank
Date posted: November 2, 2017. Answers (1)
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Highlight four ways that can be used by the government to regulate business activities.
Date posted: November 2, 2017. Answers (1)
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State four essential features of any market.
Date posted: November 2, 2017. Answers (1)
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State four ways in which land may influence the location of firms.
Date posted: November 2, 2017. Answers (1)
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Date posted: November 2, 2017. Answers (1)
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Highlight four benefits of public corporations to the citizen of a country.
Date posted: November 2, 2017. Answers (1)
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Date posted: November 2, 2017. Answers (1)
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Date posted: November 1, 2017. Answers (1)
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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)
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(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)
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Give four advantages of parastatals.
Date posted: November 1, 2017. Answers (1)
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Outline three circumstances under which downward communication may be used in a firm.
Date posted: November 1, 2017. Answers (1)
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Date posted: November 1, 2017. Answers (1)
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Highlight four factors which are likely to hinder a country’s development.
Date posted: November 1, 2017. Answers (1)
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Date posted: November 1, 2017. Answers (1)
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Outline four measures a country like Kenya may take to correct unfavourable balance of payment.
Date posted: November 1, 2017. Answers (1)
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Date posted: November 1, 2017. Answers (1)
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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)