Summary

• Description:

  The MS Word document comprises KASSU JET Business Studies Paper 1 2024 Mock Exam with Answers (Marking Scheme). The PDF version is also available upon your request. The marking scheme is towards the end of the document.

  It is a KCSE Business Studies Paper 1 mock examination.

  • Duration: 2 Hours
  • Total Marks: 80
  • Number of Questions: 25 (Questions 1–25)

  It covered the following topics:

  • Business environment and classification of resources
  • Forms of business units and emerging business trends (franchising, amalgamation, privatization)
  • Entrepreneurship and functions of an entrepreneur
  • Chain of distribution and roles of intermediaries
  • Transport and communication in business operations
  • Internal and external business communication methods
  • Office organization and open office systems
  • Government involvement in business including taxation and business promotion policies
  • Insurance principles and property insurance
  • Trade credit and types of credit facilities
  • International trade documents (bill of lading, certificate of origin, import licence, letter of credit)
  • Warehousing and benefits of bonded warehouses
  • Population and its effects on economic development (optimum population)
  • Demand and supply analysis and market effects
  • National income concepts and limitations of per capita income
  • Inflation and levels of inflation
  • Bookkeeping and accounting records including books of original entry and ledger classification
  • Preparation and interpretation of simple financial data (capital, profit, margin, mark-up)
  • Effects of business transactions on the balance sheet
  • Money and banking concepts including motives for holding money
• Category:

  Mock Past Papers
• Level:

  Form 4
• Subject:

  BUSINESS STUDIES

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