Holiday Assignment F1-F3

BUSINESS STUDIES.
FORM1 APRIL HOLIDAY ASSIGNMENT.

Instruction: Attempt all the Questions.
1. With the help of an example distinguish between comforts and luxuries.
2. List four characteristics of human wants.
3. Outline four reasons why a consumer will choose to satisfy the primary wants before the
secondary wants.
4. Highlight four reasons how shelter will satisfy an individual’s human wants.
5. Highlight four characteristics of services.
6. Mention four factors that make up the external business environment.
7. State four ways in which the internal business environment will influence the
performance of the business.
8. Outline four factors that may contribute to a healthy business environment to a business
enterprise in Kenya.
9. Mention four ways in which the legal political environment may contribute to the
creating a healthy business environment.
10. Outline four responsibilities of a business to the suppliers and creditors.
11. State four contributions of Business Studies to the society.
12. Outline four business activities that exist in the economy.
13. Highlight four reasons why an individual will decide to start a business.
14. Highlight four characteristics of economic resources.
15. Highlight four challenges faced by the consumers when satisfying human wants.
FORM 2 APRIL HOLIDAY ASSIGNMENT.

1. Outline four sources of capital for a Cooperative society.

2. Name four clauses found in a Memorandum of Association.
3. Mention four circumstances in which a partnership would be dissolved.
4. Mention four circumstances in which starting a sole proprietorship will be necessary.
5. Mention five differences between sole proprietorship and a partnership business unit.
6. Outline the differences between a private limited company and the public limited
company.
7. Highlight four factors that will hinder the growth of cooperative societies in Kenya.
8. State the significance of the Certificate of incorporation and the certificate of trade to the
public limited company.
9. Mention five benefits accrued to a member of a SACCO in Kenya.
10. Outline four demerits of operating a business as a partnership business.
11. Highlight four ways in which running of a public corporation can be improved.
12. Highlight four benefits accrued to the government as a result of privatizing state-owned
corporations.
13. State four provisions in the Partnership Act that will help in the smooth running of the
business.
14. Highlight five contents of the Article of Association.
15. Explain five principles of Cooperative societies.
16. Explain five benefits accrued to a coffee farmer who joins a producer cooperative society.
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17. Explain the differences between a partnership business and public limited company.
18. Highlight five roles played by the Nairobi Securities Exchange (NSE)
19. Explain five disadvantages of operating a business as a Sole proprietorship business unit.
20. Explain five ways in which the consumers in the market can be exploited.
FORM 3 APRIL HOLIDAY ASSIGNMENT.

1. Explain five factors that will influence the decision on the type of goods and services to
be produced by a firm.
2. Explain five factors that may be considered when determining the size of a firm.
3. Outline five factors that will influence the location of a business enterprise.
4. Outline five circumstances under which a firm would be located near the source of raw
materials.
5. Explain five methods used to determine the price of commodities in the economy.
6. Explain five factors that cause the increase o supply in the economy.
7. With the help of a well labeled diagram explain the concept of surplus and shortages in
the market. (10mks)
8. With the help of a well labeled diagram illustrate the effect of advancement in technology
to the equilibrium price and quantity of Carrots in the market.
9. Explain four types of demand that exist in the market.
10. Explain five circumstances in which the manufacturer will choose to use informative
advertising.
11. Explain the procedure of personal selling.
12. Outline four disadvantages of publicity as a method of product promotion.
13. State four disadvantages of advertising to the consumer.
14. Highlight four limitations of free samples as a method of product promotion.
15. Highlight four benefits of public relations to the business.
16. Marine cargo insurance policy covers goods carried on a ship. Explain five other marine
insurance policies.
17. Outline four benefits of “Pool of Risk” to the insurance company.
18. Outline four disadvantages of a public warehouse.
19. Highlight four advantages of warehousing to a manufacturer.
20. Explain five insurance policies than a supermarket owner can take for his business.
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BUSINESS STUDIES.

FORM1 APRIL HOLIDAY ASSIGNMENT.

FORM 2 APRIL HOLIDAY ASSIGNMENT.

1. Outline four sources of capital for a Cooperative society.

FORM 3 APRIL HOLIDAY ASSIGNMENT.

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