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- It is where tax payment is voluntary.
- Can be used selecting to achieve a given objective.
- Not possible to evade.
- It is flexible
- More revenue can be raised (board based)
- It is convenient.
- It stimulates efforts.
gideon1 answered the question on October 1, 2017 at 14:48
- Give the difference between:
(a) Double and co-insurance
(b) Premiums and surrender value(Solved)
Give the difference between:
(a) Double and co-insurance
(b) Premiums and surrender value
Date posted: October 1, 2017. Answers (1)
- Outline four importance of a warehouse to a consumer.(Solved)
Outline four importance of a warehouse to a consumer.
Date posted: October 1, 2017. Answers (1)
- Define the following terms as used in Business Studies.
(i) Economics
(ii) Entrepreneurship
(iii) Opportunity cost
(iv) Scale of preference(Solved)
Define the following terms as used in Business Studies.
(i) Economics
(ii) Entrepreneurship
(iii) Opportunity cost
(iv) Scale of preference
Date posted: October 1, 2017. Answers (1)
- Outline any four features of an economic union level of economic integration.(Solved)
Outline any four features of an economic union level of economic integration.
Date posted: October 1, 2017. Answers (1)
- State four advantages of hire purchase to seller (Solved)
State four advantages of hire purchase to seller
Date posted: October 1, 2017. Answers (1)
- Highlight four factors that may influence supply positively.(Solved)
Highlight four factors that may influence supply positively.
Date posted: October 1, 2017. Answers (1)
- Outline four differences between perfect competition and monopoly(Solved)
Outline four differences between perfect competition and monopoly
Date posted: October 1, 2017. Answers (1)
- Yvonne has just completed her studies at University and would like to start a business. Highlight
four factors that would influence her to locate her business...(Solved)
Yvonne has just completed her studies at University and would like to start a business. Highlight
four factors that would influence her to locate her business near the market.
Date posted: October 1, 2017. Answers (1)
- Highlight four measures that can be taken to control the volume of imports.(Solved)
Highlight four measures that can be taken to control the volume of imports.
Date posted: October 1, 2017. Answers (1)
- Highlight any four factors that a government should consider when deciding on a good tax
system(Solved)
Highlight any four factors that a government should consider when deciding on a good tax
system
Date posted: October 1, 2017. Answers (1)
- State four benefits that consumers get from warehousing.(Solved)
State four benefits that consumers get from warehousing.
Date posted: October 1, 2017. Answers (1)
- Outline any four limitations of social responsibility to a business.(Solved)
Outline any four limitations of social responsibility to a business.
Date posted: October 1, 2017. Answers (1)
- The following information relates to commodity ‘X’.
Year Price (shs)
2010 450
2014 675
(i) Calculate the consumer price index
(ii) Comment on your answer.(Solved)
The following information relates to commodity ‘X’.
Year Price (shs)
2010 450
2014 675
(i) Calculate the consumer price index
(ii) Comment on your answer.
Date posted: October 1, 2017. Answers (1)
- State four benefits that a company would get by raising capital through sale of ordinary shares(Solved)
State four benefits that a company would get by raising capital through sale of ordinary shares
Date posted: October 1, 2017. Answers (1)
- Outline four factors to consider when introducing a new product in the market(Solved)
Outline four factors to consider when introducing a new product in the market
Date posted: October 1, 2017. Answers (1)
- Nyotandogo Traders had an initial capital of Ksh.160,000. At the end of the year the following date was provided. (i)During the year,proprietor surrendered his...(Solved)
Nyotandogo Traders had an initial capital of Ksh.160,000. At the end of the year the following date was provided.
(i)During the year,proprietor surrendered his private car valued at sh.400000 to the business
(ii)During the year ,the proprietor had taken goods worth sh 13500 per month for his own use
(iii)The business made a profit of sh 102,000
Calculate the owner’s equity at the end of the year.
Date posted: October 1, 2017. Answers (1)
- Highlight four circumstances under which it would be advisable for a trader to sell goods directly to the consumers (Solved)
Highlight four circumstances under which it would be advisable for a trader to sell goods directly to the consumers
Date posted: October 1, 2017. Answers (1)
- On 22nd April 2014 ,Moses received an invoice for sh 400,000.Terms of payment were trade discount 2% and cash discount 5%,3% and 1% .If payment...(Solved)
On 22nd April 2014 ,Moses received an invoice for sh 400,000.Terms of payment were trade discount 2% and cash discount 5%,3% and 1% .If payment was to be met within 1,2 or 3 months respectively .Calculate the amount paid if the payment was made on 16th July 201
Date posted: October 1, 2017. Answers (1)
- Highlight four reasons why there is need for ethical practices in business (Solved)
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Date posted: October 1, 2017. Answers (1)
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Highlight four features of life-insurance cover
Date posted: October 1, 2017. Answers (1)