Bs Form 2
Bs Form 2
13.Outline the procedure for claiming compensation by the insured. (10 marks).
14.State four factors that determine the premiums charged by insurance companies for life
policies( 4 mks).
15.Explain four advantages of a bonded warehouse to the importer. (8marks).
16.The table below shows the demand and supply schedules for product A in a week.
Price(sh) Quantity demanded Quantity supplied
(‘000’ tonnes) (‘000’ tonnes)
35 5 80
30 10 65
25 20 55
20 25 40
15 30 35
10 40 20
5 55 5
Use the information in the table above, draw the demand and supply curve showing the
market equilibrium for the produce. Indicate the equilibrium price and quantity. (8 mk).
17.Explain five circumstances under which personal selling is appropriate.10 mks
18. Explain five principles of insurance. (10marks).
SECTION C
1. State FOUR characteristics of basic wants: (4mks)
2. List any TWO elements that comprises of the internal environment of a
business (2mks)
3. Outline any four features of economic resources (4mks)
4. Highlight any four types of small scale retailers with shops (4mks)
5. Name any four clauses of memorandum of association for limited liability companies.
(4mks)
6. State four principles of co-operatives (4mks)
7. Identify any four ways through which the government may regulate business
activities(4mks)
8. Highlight any four reasons why the government needs to get involved in business
activities (4mks)
9. State the essential elements of transport (4mks)
10. Outline any four advantages of carts as a means of transport (4mks)
11. Give any FOUR characteristic of tramps (4mks)
12. State any four importance of transport to a business (4mks)
1. Explain any six factors to be considered when selecting an office equipment (12mks)
2. Explain six factors that influences the choice of appropriate means of transport
(12mks)
3. Differentiate between Goods and Services (12mks)
4. Describe any six methods used by the government to protect consumers (12mks)
EXTRAS
1. Give four characteristics of human wants. (4mks)
2. Outline four types of utility. (4mks)
3. Highlight four functions of an office. (4mks)
4. Outline four characteristics of land as a factor of production. (4mks)
5. Give four sources of business ideas. (4mks)
6. Identify four market gaps. (4mks)
7. Give four advantages of an open office layout. (4mks)
8. Outline four characteristics of itinerant traders. (4mks)
9. Highlight four importance of entrepreneurship to the Kenyan economy.
(4mks)
10. Outline four services rendered by retailers to consumers. (4mks)
11. Give four characteristics of services. (4mks)
12. Outline four characteristics of an entrepreneur. (4mks)
13. Give three examples of basic wants. (3mks)
14. Highlight four characteristics of a good filing system. (4mks)
15. Give four documents used in home trade. (4mks)
16. Explain four factors that should be considered when selecting office
equipment. (8mks)