COMPREHENSIVE HOLIDAYS REVISION

F2 BUSINESS TERMLY EXAMS TEN QSN PAPERS

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 01

1. Highlight four ways in which business studies may be of benefit to an individual. (4 Marks)
2. State FOUR reasons why consumers satisfy basic wants before secondary wants (4 marks)
3. Jitegemee, a very young entrepreneur would like to start a business in Makadara center.
Outline four factors that would show the existence of a business opportunity within the
Center (4 marks)
4. Highlight four ways in which ethical practices in business ensures that consumers are
not exploited (4 marks)
5. Outline four consequences of a poor filing system in an organization (4 marks)
6. Outline four ways in which the government involves itself in business activities (4 Marks)
7. Give four characteristics of goods. (4 Marks)
8. Give four reasons why railway transport is not competitive in Kenya. (4 marks)
9. Outline four characteristics of a chain store. (4 marks)
10.The following are types of internal and external environments Technological, Business
structure, Demographic and physical. In the table below , write the type of environment that
suits the description. (4 marks)
i) A duty roster of workers in an organization
ii) An increase in demand of an organizations product as a result of an increase in population.
iii) An organization engaging the services of G4 Security.
iv) Use of e-commerce in the marketing of the organization‘s product.
11. Mention four circumstances under which verbal communication would be used in an
organization. (4 marks)
12.Highlight FOUR circumstances under which a seller would require a buyer to pay cash with
order. (C.W.O)

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13.Give four factors that may make a manager to hire rather than buy a new office equipment.
(4Mks)
14.Highlight three features of indirect production (3Mks)
15.Highlight four reasons why a person may prefer to run a business as a sole proprietor
(4Mks)
16.Explain five characteristics of economic resources. (5Mks)

17.Draw five differences between a public limited company and a partnership. (5Mks)

18.Explain five services that retailers render to consumers. (5Mks)

19.Milele Enterprises would like to partition its office. Explain five benefits the
firm may get if it uses the enclosed office plan. (5Mks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 02

SECTION A
1. State the term given to each of the following statements (4mks)
a) Movement of goods and services from producers to consumers
b) Creation of goods and services
c) Using a good or service
d) Satisfaction derived from a good or service

2. State four categories in which the various types of business partners may be classified (4mks)

3. Highlight four ways in which the government creates an enabling environment for the
conduct of business in the country (4mks)
4. Outline four roles of transport in the facilitation of trade (4mks)
5. Outline any four importances of business studies to the learner (4mks)
6. State four ways in which Kenya may benefit from its natural resources endowment (4mks)
7. State the type of utility created by each of the following activities (4mks)
a) Delivering milk to a customer
b) Keeping money in the bank
c) Selling bread to a student
8. Making uniform for students Outline any four external factors that may affect
business positively (4mks)
9. Highlight four circumstances under which a credit note may be issued (4mks)

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10.Mutiga bought 20 crates of soda each at sh. 500. He was allowed a discount of 10%. The cash
discount was quoted as follows; 10% 1 mouth, 5% 2 month otherwise net. If he paid within two
months, calculate the amount of money he paid. (4mks)
11. From the following sentences, indicate the type of business activity (4mks)
a) Activity involved getting goods from their natural setting
b) Buying and selling of goods and services with a view of making profit
c) Building of structures (bridges)
d) Smelting iron ore to make iron
12. For each of the following production activities indicate whether its direct or indirect type of
production. (4mks)
Activity Type of Production
A wife washing her husband’s cloths
A man repairing his chair at home
Mugambi operating a wholesale business
Kiende selling sukuma wiki

13. Outline any four reasons that make a firm file its documents (4mks)
14. Outline any four reasons why one requires a business plan. (4mks)
15. Highlight any four methods of government involvement in business (4mks)
16. Name the office equipment that function the following uses (4mks)
a) Adding and subtracting figures
b) Cutting unwanted documents into tiny pieces for disposal
c) To make holes in papers for filing
17. Folding letters and sealing envelops Mention the four essentials of transport (4mks)
18. Outline two reasons why it’s difficult to satisfy human wants fully (2mks)

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 SECTION B
19.Outline any five differences between sole proprietorship and partnership forms of
business units. (10mks)
20. Explain any five importances of entrepreneurship in the economy. (10mks)
21. Explain any five means of payment used in Home trade (10mks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 03

1. State the term given to each of the following descriptions (4mks)

(a) Study of activities that are carried out in an office
(b) Study of the process of identifying a business opportunity, acquiring
the resources to Start and run a business
(c) Study of trade and aids to trade
(d) Study of a systematic record keeping
2. High light four reasons why a business plan is necessary to an entrepreneur (4mks)
3. State four characteristics of economic resources (4mks)
4. Highlight four factors an organization would consider when an office layout (4mks)
5. Classify each of the following as renewable or non-renewable resource (4mks)
(a) Wool
(b) Lead
(c)Soda ash
(d) Natural gas
6. Identify the office etiquette described in the following statements. (4marks)

Statement Office Etiquette

a) Handling people politely, pleasantly and with consideration
b) Being committed to the organization one is working for
c) Performing duties with excellence, precision and correctness
d) Ability to keep time in attending duties and appointments

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7. Outline the way through which each of the following types of utility may be created in
production. (4marks)
(a) Time utility:
(b) Form utility:
(c) Pace utility
(d) Possession utility

8. Highlight four reasons why a consumer should satisfy basic wants before secondary wants.
(4mks)
9. Outline four external business environments that may affect the performance of the
business. (4mks)
10.Name the documents that each of the following descriptions refer to. (4mks)
a) Used to correct an overcharge on an invoice
b) Used to alert the buyer that the seller received an order
c) It is used to inquire for goods
d) It is used to organize for transportation of goods between a seller
and a public carrier.
11. Give four characteristics of indirect production (4 marks)
12. Under what four circumstances would cheque payment be preferred most than cash payment?
(4mks)
13. State four characteristics of a departmental store. (4mks)
14. State any four factors that can contribute to the success of business in a certain area (4mks)
15. Outline four features of a service. (4mks)
16. Highlight four features of a good filing system. (4mks)
17. Outline any four roles of an entrepreneur in production. (4mks)
18. As a student of business studies give two benefits you can get from learning the subject (2Mks)

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 FORM TWO HOLIDAYS KEYNOTE
BUSINESS STUDIES QUESTION PAPER NO: 04

1. Outline four man reasons why business enterprise exists. (4mks)

2. Highlight four benefits that a community should derive from a manufacturing firm. (4mks)
3. Outline four measures to be taken by a business man to improve internal business
environment. (4mks)
4. State four ways in which HIV/AIDS prevalence has negatively affected business activities.
(4mks)
5. Outline four difficulties faced by a consumer in the process of satisfying his/her wants. (4mks)
6. State four reasons why choice is important in the satisfaction of human wants. (4mks)
7. Indicate in the spaces provided the type of utility created by each of the following activities.
(4mks)
Activity Type of utility
(a) Carpentry
(b) Shop-keeping
(c) Teaching
(d) Importing

8. Give any four reasons why occupational mobility of skilled labour is low. (4mks)
9. State four circumstances under which an entrepreneur may want to change his or her business.
(4mks)
10. Explain four measures that the government can take to enhance entrepreneurial culture
in Kenya. (4mks)

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11. Identify the office equipment used to perform the following tasks: (4mks)
Role Office equipment
(a) Removing pins form papers
(b) Printing postage impression on envelopes
(c) Transmitting printed messages e.g. maps
(d) Posting information to ledgers and preparation of payrolls

12. State four ways in which a well planned office layout contributed towards efficiency of
operation in an organization. (4mks)
13. Give four differences between an invoice and a proforma invoice. (4mks)
14. Credit cards are increasingly being used in transactions in Kenya. Highlight four
disadvantages of using credit cards. (4mks)
15. Give any four reasons for privatization of government owned firms. (4mks)
16. Distinguish between a share and a debenture as a source of finance for a public limited
company
17.State four factors that limit effectiveness of consumer organization in protecting consumers
in Kenya. (4mks)
18. Give four benefits of Export processing zones to Kenya. (4mks)
19. State four roles played by Kenya ports Authority in ensuring that sea transport operates
Efficiently (4mks)
20. Highlight four reasons why the motorbikes are quickly replacing bicycles as a choice
for client (4mks)
21.State four reasons why courier services are becoming popular in the delivery of letters
and parcels
22. Despite the remarkable sift to mobile phone system, landlines are still in use. State four
reasons why organizations are still using landline communication. (4mks)
23. Highlight four features of a bonded warehouse. (4mks)
24. State four measures that the owner of a warehouse may take to ensure its smooth
operation. (4mks)
25. Outline any four benefits of “Pooling of risks” to insurance Company. (4mks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 05

1. Outline four sources of capital for a sole-proprietorship type of Business. (4mks)

2. Classify the following trade as home trade or foreign trade.
Trade Classification
a)Import trade
b)Retail trade
c) Export trade
d) Wholesale trade

3. State four disciplines that are studied in Business studies. (4mks)

4. List four ways in which government creates a viable working environment for business
people. (4mks)
5. Highlight four external factors that may negatively influence the operation of a business. (4mks)
6. Outline four characteristics of secondary wants. (4mks)
7. Highlight four benefits of proper filling to a business organization. (4mks)
8. Highlight four factors that may lead to success of a business. (4mks)
9. Outline four advantages of division of labour. (4mks)
10. State four types of complaints that consumer organization may receive from consumers.(4mks)
11. State four circumstances under which co-operative society may be dissolved. (4mks)
12. List four forms of retail businesses that a school leaver may engage in. (4mks)
13. Highlight any four personal attributes that a personal secretary should possess. (4mks)
14. A business opportunity exist where there is a market gap. Outline four such market gaps. (4mks)

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15. In the spaces provided below, indicate the type of utility created by each of the following
business activities.
Commercial activity Types Utility
Selling goods to customers
Transporting goods.
Store keeping
Making chair
16. Give four differences between goods and services. (4mks)
17. State whether each of the following factors fall under micro-environment or
macro-environment. (4mks)
a) Competitive environment. c) Business structure
b) Legal-political environment. d) Business culture.
18. Give four public utilities that the county government of Meru provides to its citizens. (4mks)
19. List four contents of memorandum of association. (4mks)
20. Outline four circumstances under which a trader would prefer to be paid in cash rather than
other means of payments. (4mks)
21.Outline four factors that should be considered before buying office equipment. (4mks)
22. Reasons why a business should prepare a business plan. (4mks)
23. For each of the following production activities indicate whether it is a direct or indirect type
of Production.
Activity Types of production
a) An individual washing his own clothes
b) An individual supplying beef.
c) An individual operating a kiosk
d) An individual producing maize for his
family’s consumption

24. State four roles of the Nairobi Stock Exchange Market as a market for securities. (4mks)
25. Outline four characteristics of a supermarket. (4mks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 06

SECTION A
1. Outline four characteristics of basic human wants. (4 marks)
2. Outline four essential elements of a good warehouse. (4 marks)
3. State four documents required by the registrar of companies in order to register a company.
(4 marks)
4. Outline four characteristics of a chain store. (4 marks)
5. State four reasons why motorcycles are popular as means of transport. (4 marks)
6. Highlight four challenges that entrepreneur face when carrying out business activities.
(4 marks)
7. State four ways in which goods and services are classified. (4 marks)
8. Outline four features of land as a factor of production. (4 marks)
9. Identify four circumstances under which air transport would be suitable to a business enterprise.
(4 marks)
10.State four reasons why it is suitable to locate a bonded warehouse at the point of entry.
(4 marks)
11.Highlight four effects of poor filing system in an organization. (4 marks)
12.Outline four types of business activities. (4 marks)
13.Mention three components of business studies. (3 marks)
14.Outline four disadvantages of specialization. (4 marks)
15.Highlight four ways in which government promotes entrepreneurship. (4 marks)
16.On 1st August 2013, Grace received an invoice for Shs.24,000 terms of payment were trade
discount 10% and cash discount 20% if payment is done within 30 days. Determine the amount
paid if payment was made on 28th August 2013. (4 marks)

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17. Highlight four mailing services that are offered by a post office. (4 marks)
18. Mention four gaps that may exist in a market leading to a business opportunity. (4 marks)
19. State four circumstances when cash may be used as a means of payment. (4 marks)
20. Highlight three ways in which Kenya Association of Manufacturers (KAM) ensure that their
members do not exploit the consumers. (3 marks)
21.Identify four qualities of an office messenger. (4 marks)
22.State four challenges that a business without a plan will encounter in its operations.
(4 marks)
23. Highlight four reasons for privatization of public cooperation. (4 marks)
SECTION B
24. Jane and Joyce are two lawyers who want to start a joint law firm. Explain five limitations they
may face during the operations of their business. (10 marks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 07

1. A resource is something that is used by a business to achieve an objective. Identify four

resources available in a business (4 Marks)
2. Outline four characteristics of human wants (4 Marks)
3. John and Peter jointly own goods valued at sh. 160,000 with a capital contribution of the ratio
3:1 respectively. The insured the goods against fire at sh. 100,000. A fire broke out and
destroyed goods worth sh. 80,000. Calculate the amount to be received in compensation by
each of them. (4 Marks)
4. The following are some functions of some various equipment used in offices. Indicate the type
of machine that matches the function given. (4 Marks)
Functions Equipment
a) Destroying unwanted documents
b) Cutting paper into required shape and size
c) Making postage impression on envelopes
d) Making shorthand dictation
5. Outline ways through which partnership may be formed. (4 Marks)
6. In the spaces provided below indicate the type of utility created by the following business
activities (4 Marks)
Business activity Types of utility
Selling face masks to customers
Transporting onions
Storing onions in a granary
Making a camera

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7. Outline four reasons why a business person may prefer written communication to verbal
communication. (4 Marks)
8. Highlight four advantages of human porterage. (4 Marks)
9. Highlight four characteristics of labour as a factor of production. (4 Marks)
10.In the spaces provided below, state the document to which each of the following statement
relate. (4 Marks)
Statement Document
a) Inform the buyer when goods were dispatched and
by what means
b) A request by seller for payment in advance
c) Used to correct an undercharge in an invoice
d) Shows details of the transactions between seller
and buyer during a given period

11. List four sources of business idea. (4 Marks)

12. Outline four duties of commercial attaches. (4 Marks)
13. State four ways in which the nature of goods would influence the choice of transport.
(4 Marks)
14.Highlight four circumstances under which it may be appropriate to use personal selling
to promote products. (4 Marks)
15. In the spaces provided, indicate whether each of the following statements relate to preference
shares or ordinary shares. (4 Marks)
Statement Types of shares
(i) Has voting rights
(ii) Rate of dividend is fixed
(iii) Considered first in liquidation
(iv) Represent ownership

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16. Explain five external business environments and how they influence a business negatively.
(10 Marks)
17. Explain any five principles of insurance. (10 Marks)
18. Highlight five differences between an open plan office and enclosed office layout.
(10 Marks)
19. Explain 5 features of economic resources (10 Marks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 08

1. Identify four disciplines that make-up Business studies.4MKS

2. State whether each of the following factors fall under external or internal business
environment.
External Internal
Law’s governing Business operations in
Kenya
Share holders decisions
Changes in tax
Changes in population

3. Give four challenges faced in the satisfaction of human wants.4mks

4. Outline four characteristics of free resources.4mks
5. Highlight four reasons why the government involves itself in Business Activities. 4mks
6. In the table below, match the descriptions with appropriate type of a partner. 4mks

Statement/description Type of partner

Under 18 years of age
Does not take part in the running of
the business
Allows his/her name to be used as
if he/she is a partner.
Has unlimited liabilities.

7. State four differences between goods and services. 4mks

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8. Outline four ways in which traders may exploit consumers. (4mks)
9. Outline four reasons why a trader may construct their own warehouse. . (4mks)
10.List four means of payment that a trader may use to effect payment. (4mks)
11.Highlight four merits of an open plan office layout . (4mks)
12.Outline any four features of Public Corporations. (4mks)
13.The table below shows different characteristics of production. Indicate whether each relate to
direct or indirect production. 4mks
Characteristics of production Type of production
Uses machines and modern technology
Mainly produces as the needs arises
Production is market oriented
Level of output is generally low.

14.Identify any four gaps in the society that may give rise to a business opportunity. (4mks)
15.State four ways in which the government may regulate business activities. (4mks)
16.Highlight four roles of transport in promotion of trade. (4mks)
17.Highlight four reasons why letters continue to be used as a means of communication. (4mks)
18.Outline four roles played by Nairobi Stock Exchange market in Kenya’s economy. (4mks)
19.Identify the following types of warehouse having the following characteristics.
Characteristics Type of warehouse
Holds tax free goods produced locally or imported
Used to hold dutiable goods from within or outside
the country.
Goods can stay in store without the owner worrying
about high storage charges or loss of goods.
These warehouses are located at entry points, terminals
and urban areas for hire by local traders.

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20. Give four reasons why office documents should be filed. (4mks)
21. Outline four features of a supermarket . (4mks)
22. List four functions of an entrepreneur as a factor of production. (4mks)
23. State four barriers to effective communication. 4mks
24. Outline four circumstances under which non-verbal signs may be used. (4mks)
25. Identify four circumstances under which air transport would be suitable for a business.(4mks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 09

1. Highlight four unethical issues in product promotion. (4mks)

2. State four occupations that a person may engage in, in the primary level of production. (4mks)
3. For each of the features given below, indicate with a tick (v) whether it relates to a public
limited company or private limited company. (5mks)
Features Public Ltd Private Ltd
Can advertise shares
Unlimited number of members
Minimum of seven members
Restricts transfer of shares
4. The management of Kazikwavijana enterprise is contemplating coming up with a new office
block. Name five reasons why they should adopt an open office layout. (5mks)
5. Classify the following goods as either consumer or producer goods.
Goods Classification
Matatu
Persona Radio
Factory
Clothes
Jembe
Shoes
6. Indicate the type of Advertising Described in the table below. (4mks)
Description Type of advertising
Creates awareness of the product
Popularizes the business organization
Persuades customers to buy the product
Reminds customers that the product is
still in the mirket

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7. Highlight four circumstances under which cash is preferable as a means of payments (4mks)
8. Write the following in full; (3mks)
a) C. W. O
b) C. O. D.
c) L. O. U
9. Highlight four roles played by insurance in an economy. (4mks)
10.Creditor may not accept personal cheques for fear that they might be dishonored. Outline five
reasons why a cheque may be dishonored. (5mks)
11.Muthiora a businessman has a building worth Ksh. 2,000,000 which he insured against Fire
for Ksh. 1,500,000. The3 buliding was gutted down by accidental fire and the remains were
valued at Ksh. 600,000. Calculate the amount of compensation Muthiora got from the
insurance company. (4mks)
12.State two acts of parliament that are meant to protect consumers from exploitation. (2mks)
SCETION II
13. Explain five disciplines covered in Business studies. (10mks)
14. Discuss the five essentials of Effective communication. (10mks)
15. Explain any three principles of insurance. (6mks)

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 FORM TWO COMPREHENSIVE HOLIDAY REVISION
BUSINESS STUDIES QUESTION PAPER NO: 10

1. Identify four importance of learning business studies to the country. (4 mks)

2. Identify four factors that influence entrepreneurial practices in Kenya. (4marks)
3. State four types of utilities created through the production. (4 mks)
4. State four challenges encountered in the satisfaction of human wants (4 mks)
5. Identify four ways in which an office is important to a business. (4marks)
6. Outline four ways in which a well laid out business structure is likely to lead
to success of the business. (4marks)
7. Identify four functions of a proforma invoice. (4marks)
8. Outline the importance of trade to a country. (4marks)
9. Highlight four drawbacks of direct production. (4marks)
10.State four advantages of sending parcels using courier firms. (4marks)
11. List four circumstances under which the location of a warehouse can be inappropriate.
(4marks)
12.The following are descriptions of various insurance policies. Identify the name of the policy
described by the statement. (4marks)
Description POLICY
Covers an organization against losses which might arise
as a result of debtors failure to pay their debts
Covers for the losses of profit due to interruption of
business activities as a result of fire.
Covers employees who may suffer injuries while on duty.
Covers partial or total physical disability caused to a
person due to injury.

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13. Outline four functions of advertising firms to the producers. (4marks)
14.State four circumstances that will make the standard gauge railway more desirable than road.
(4marks)
15.Outline four characteristics of sole proprietorship business (4 mks)
16.Give four limitations of consumer-initiated methods in consumer protection. (4marks)
17. In the table below, indicate the type of advertising which fits the description. (4 marks)

18. Description Type

a) Create awareness about a product

b) Promotes the name of the manufacturer
c) Persuades a particular brand of a product
d) Promotes a particular brand of a product

19. State four sources of business ideas (4 mks)

20.Explain five factors to be considered by a business when choosing a means of communication
(10 mks)
21. Explain five differences between a sole proprietorship and a public limited company.
(10 marks)
22. Explain the meaning of the following terms as used in insurance (8 marks)
a. Indemnity
b. Third party motor vehicle insurance.
c. Contribution.
d. Subrogation.

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