(i) Must have been acquired in the past.
(ii) Resources owned and controlled by business.
(iii) Items of value/ measured in monetary terms.
(iv) Future economic benefits.
(v) Fixed/ current assets.
maurice.mutuku answered the question on July 14, 2017 at 12:51
- What factors may lead to unfavourable terms of trade?(Solved)
List factors that may lead to unfavourable terms of trade.
Date posted: July 14, 2017. Answers (1)
- What factors determine the period for which documents should be filed?(Solved)
Give factors that determine the period for which documents should be filed.
Date posted: July 14, 2017. Answers (1)
- Why should traders observe ethical practices in product promotion?(Solved)
Traders are required to observe ethical practices when carrying out product promotion. Explain five reasons for observing such ethical practices.
Date posted: July 14, 2017. Answers (1)
- What are the roles played by intermediaries in the distribution channel?(Solved)
Outline the roles played by intermediaries in the distribution channel.
Date posted: July 14, 2017. Answers (1)
- In what ways do households contribute to national income?(Solved)
Outline ways in which households contribute to national income.
Date posted: July 14, 2017. Answers (1)
- Why is it suitable to locate a bonded warehouse at the point of entry of goods in a country?(Solved)
Give reasons why it is suitable to locate a bonded warehouse at the point of entry of goods in a country.
Date posted: July 14, 2017. Answers (1)
- What problems may interfere with the effectiveness of face to face communication?(Solved)
List the problems that may interfere with the effectiveness of face to face communication.
Date posted: July 14, 2017. Answers (1)
- In what ways are business ideas generated?(Solved)
Highlight ways of generating business ideas.
Date posted: July 14, 2017. Answers (1)
- What are the advantages of division of labour?(Solved)
Outline the advantages of division of labour.
Date posted: July 14, 2017. Answers (1)
- What circumstances may influence a firm to locate its operation near the source of raw materials?(Solved)
Give circumstances that may influence a firm to locate its operation near the source of raw materials.
Date posted: July 14, 2017. Answers (1)
- What is Folio column?(Solved)
Define Folio column.
Date posted: July 14, 2017. Answers (1)
- What is Contra entry?(Solved)
Define Contra entry.
Date posted: July 14, 2017. Answers (1)
- What problems may a country suffer when the government becomes a major investor in business activities?(Solved)
List the problems that a country may suffer when the government becomes a major investor in business activities.
Date posted: July 14, 2017. Answers (1)
- Why may a sole proprietor business remain small size?(Solved)
Give reasons why a sole proprietor business may remain small size.
Date posted: July 14, 2017. Answers (1)
- Why do consumers have to make a choice between competing needs?(Solved)
Give reasons why consumers have to make a choice between competing needs.
Date posted: July 14, 2017. Answers (1)
- What are the external factors positively influencing the operations of a business?(Solved)
Give the external factors that may positively influence the operations of a business.
Date posted: July 14, 2017. Answers (1)
- What are the factors influencing the level of National income of a Country?(Solved)
Explain the factors that influence the level of National income of a Country.
Date posted: July 14, 2017. Answers (1)
- What are the principles of a good tax system?(Solved)
Give the principles of a good tax system.
Date posted: July 14, 2017. Answers (1)
- What is the difference between insurance and gambling?(Solved)
Distinguish between insurance and gambling.
Date posted: July 13, 2017. Answers (1)
- What channels of distribution may be followed by imported manufactured goods?(Solved)
Give channels of distribution that may be followed by imported manufactured goods.
Date posted: July 13, 2017. Answers (1)