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Form 2 - Business Studies - Question Paper

The document contains a business studies exam for Form 2 with 14 multiple choice questions. It tests knowledge on topics like the four disciplines of business studies, features of direct production, reasons for human choices and cheque dishonoring. Other concepts examined include business structure, external business environment, business units and entrepreneurship.

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Mejah Geoffrey

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0% found this document useful (0 votes)

10K views9 pages

Form 2 - Business Studies - Question Paper

Uploaded by

Mejah Geoffrey

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Available Formats

Download as DOCX, PDF, TXT or read online on Scribd

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BUSINESS STUDIES FORM 2 MARCH 2024

INSTRUCTIONS: ANSWER ALL QUESTIONS

TIME: 2 HOURS
1. State 4 disciplines of business studies (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

2. Highlight four features of direct production (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

3. Outline four reasons why human beings make choices when satisfying their wants.

(4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

Page 1 of 9
4. Outline four ways in which a well laid out business structure may lead to the success of a

business (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

..........................................................................................................................................

5. Highlight four reasons for dishonoring a properly drawn cheque (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

6. Highlight four external business environment that may positively affect the operations of

a business. (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

7. State the reward for each of the following factors of production. (4mks)

Factors of production Reward

i) Land

ii) Capital

iii) Entrepreneurship

iv) Labour

Page 2 of 9
8. Highlight four documents that are necessary in the registration of a limited liability

company (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

9. Outline 4 principles of co-operatives societies (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

10. Highlight four functions of commercial attaches (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

11. Highlight four ways in which a government participate in business activities. (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

Page 3 of 9
12. Outline four ways in which consumers can protect themselves against exploitation

(4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ........................................................................................................................................

13. Highlight four characteristics of an entrepreneur. (4mks)

a) ..........................................................................................................................................

b) ..........................................................................................................................................

c) ..........................................................................................................................................

d) ..........................................................................................................................................

14. Outline four features of a sole proprietorship form of business unit. (4mks)

………………………………………………………………………………………………

15. State the meaning of the following terms as used in Business. (4mks)

a) Mergers

..........................................................................................................................................

Page 4 of 9
b) Holding companies

..........................................................................................................................................

c) Franchising

..........................................................................................................................................

d) Cartel

..........................................................................................................................................

16. Explain five reasons why people prefer to start a partnership business. (10 marks)

………………………………………………………………………………………………

Page 5 of 9
………………………………………………………………………………………………

………………………………………………………………………………………………

17. Explain five circumstances under which a business may prefer open office layout

(10

marks)

………………………………………………………………………………………………

Page 6 of 9
18. Explain five differences between private limited and public limited liability companies

(10

Marks)

………………………………………………………………………………………………

Page 7 of 9
19. Explain 5 types of wholesalers in an economy (10 marks)

………………………………………………………………………………………………

Page 8 of 9
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Form 2 - Business Studies - Question Paper

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Form 2 - Business Studies - Question Paper

Uploaded by

BUSINESS STUDIES FORM 2 MARCH 2024

INSTRUCTIONS: ANSWER ALL QUESTIONS

2. Highlight four features of direct production (4mks)

5. Highlight four reasons for dishonoring a properly drawn cheque (4mks)

Factors of production Reward

9. Outline 4 principles of co-operatives societies (4mks)

10. Highlight four functions of commercial attaches (4mks)

13. Highlight four characteristics of an entrepreneur. (4mks)

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