Get premium membership and access questions with answers, video lessons as well as revision papers.
-Business is done to compare the actual results with the budgeted plans.
-Aids in communication e.g. employees are fully aware of tasks to undertake within a certain period of time i.e. time budget.
-Increase efficiency as everyone want to accomplish what is expected of them.
-Evaluation of performance to know what was achieved according to the budget
and what was not and why.
-Avoid time and money wastage as each is accounted for at the end of the period.
-Know output of employees as each departments achievement are seen.
sharon kalunda answered the question on February 28, 2019 at 12:55
- Money evolved through several stages to get to the currency notes and coins we have today.
However “ Modern - day trade may compare...(Solved)
Money evolved through several stages to get to the currency notes and coins we have today.
However “ Modern - day trade may compare negatively with barter trade”. Discuss this statement giving it your support.
Date posted: February 28, 2019. Answers (1)
- Despite major development in the transport sector, many people are still using carts (both those driven by animals and those pushed by human beings).Discuss five...(Solved)
Despite major development in the transport sector, many people are still using carts (both those driven by animals and those pushed by human beings). Discuss five reasons to show why this type of transport is still preferable to others.
Date posted: February 28, 2019. Answers (1)
- Discuss five differences between a bank statement and a bank pass book. (Solved)
Discuss five differences between a bank statement and a bank pass book.
Date posted: February 28, 2019. Answers (1)
- Marketing boards are producer organizations set up to encourage and control the selling of agricultural products. Discuss five functions of these organizations. ...(Solved)
Marketing boards are producer organizations set up to encourage and control the selling of agricultural products. Discuss five functions of these organizations.
Date posted: February 28, 2019. Answers (1)
- Name four file covers used in an office.(Solved)
Name four file covers used in an office.
Date posted: February 28, 2019. Answers (1)
- The following balances relates to a business for the year ended 31 Dec 1990.
Capital as at 31...(Solved)
The following balances relates to a business for the year ended 31 Dec 1990.
Capital as at 31 December 1990 170,000
Drawings for the year 5,000
Net profit for the year 5,000
Extra capital introduced 52,000
Purchases 20,000
i) Determine the amount of capital as at 1 Jan. 1990
ii)Net profit ratio.
Date posted: February 28, 2019. Answers (1)
- International trade improves the economic welfare of a country. The recent opening of the East African co-operation seeks to diversify International trade. Highlight four factors...(Solved)
International trade improves the economic welfare of a country. The recent opening of the East African
co-operation seeks to diversify International trade. Highlight four factors that may hinder this good intention.
Date posted: February 28, 2019. Answers (1)
- Mention four of the contents in articles of association.(Solved)
Mention four of the contents in articles of association.
Date posted: February 28, 2019. Answers (1)
- Give four reasons why people prefer using a cheque to cash when effecting payment. (Solved)
Give four reasons why people prefer using a cheque to cash when effecting payment.
Date posted: February 28, 2019. Answers (1)
- Mention four reasons to justify that the Central Bank is not a Commercial Bank. (Solved)
Mention four reasons to justify that the Central Bank is not a Commercial Bank.
Date posted: February 28, 2019. Answers (1)
- Name four documents used in home trade.(Solved)
Name four documents used in home trade.
Date posted: February 28, 2019. Answers (1)
- Give four reasons why an office may prefer storing information in Micro-films instead of files.(Solved)
Give four reasons why an office may prefer storing information in Micro-films instead of files.
Date posted: February 28, 2019. Answers (1)
- As the transport manager of a busy company. Highlight four factors you would consider before choosing a mode of transport for your goods and services.(Solved)
As the transport manager of a busy company. Highlight four factors you would consider before choosing a mode of transport for your goods and services.
Date posted: February 28, 2019. Answers (1)
- The law of demand applies ‘ceteris penbus’ all other factors held constant ). Highlight
four circumstances under which this law may not hold.
(Solved)
The law of demand applies ‘ceteris penbus’ all other factors held constant ). Highlight
four circumstances under which this law may not hold.
Date posted: February 28, 2019. Answers (1)
- The major objective in commerce is to maximize profits. Highlight four ways in which businesses can achieve this important objective.
(Solved)
The major objective in commerce is to maximize profits. Highlight four ways in which businesses can achieve this important objective.
Date posted: February 28, 2019. Answers (1)
- Highlight four ways in which Insurance companies make profits. (Solved)
Highlight four ways in which Insurance companies make profits.
Date posted: February 28, 2019. Answers (1)
- List down four features of co-operative society. (Solved)
List down four features of co-operative society.
Date posted: February 28, 2019. Answers (1)
- The capital structure of a company is divided. Name four such divisions.(Solved)
The capital structure of a company is divided. Name four such divisions.
Date posted: February 28, 2019. Answers (1)
- Mention four limitations of advertising as a means of sales promotion.(Solved)
Mention four limitations of advertising as a means of sales promotion.
Date posted: February 28, 2019. Answers (1)
- What are some of the various risks that international marketers face With their business firm if their product and activities are political vulnerable(Solved)
What are some of the various risks that international marketers face With their business firm if their product and activities are political vulnerable
Date posted: February 26, 2019. Answers (1)