Summary

• Description:

  The MS Word document comprises Form 3 Business Studies Opener Exam Term 2 2026 with Answers (Marking Scheme). The PDF version is also available upon your request. The marking scheme is in a different document.

  This paper assesses candidates on foundational business and economic principles, focusing on market dynamics, financial documentation, and enterprise management.

  • Duration: 3 Hours
  • Total Marks: 100 Marks
  • Structure: Section A (30 marks) and Section B (70 marks).

  It covers the following topics:

  • Section A
    • Human wants and needs
    • Opportunity cost in business
    • Forms of business ownership (sole proprietorship, partnership, limited companies)
    • Channels of distribution
    • Demand and supply curves
  • Section B
    • Preparation of final accounts (Trading Account, Profit and Loss Account, Balance Sheet)
    • Petty cash book management and double entry bookkeeping
    • The marketing mix (4Ps) and sales promotion
    • Insurance principles and the average clause
    • Business communication and basic data analysis
• File Size:

  170.72 KB
• Length:

  16 pages
• Category:

  Exams
• Level:

  Form 3
• Subject:

  BUSINESS STUDIES
• Posted By:

  Caleb_Peter

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