THE GATEWAY SECONDARY SCHOOL

Name: ....................................................................................... Adm No: .............

FORM 2
BUSINESS STUDIES
END YEAR 2019
11/2 hours

1. Outline four circumstances under which an insurance company may not compensate the insured after
a risk has taken place and there is loss. (4mrks)
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2. Highlight four sources of monopoly power. (4mrks)
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3. Describe four ways in which the government creates an enabling business environment (4 marks)
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4. State four elements of communication process. (4 marks)
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5. Mention four circumstances under which an insurance company may re-insure. (4 marks)
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6. a. define product promotion (1mrk)
 b. outline three importances of product promotion (3mrks)
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7. State four factors to be considered when determining premiums to be charged (4marks)
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8. Give FOUR difficulties faced by human beings in satisfying human wants. (4mks)
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9. Classify the following as either internal or external business environment (use a tick)
(4mrks)

Factor Internal External

(a) Employees
(b) Tools and equipments
(c) Inflation
(d) Political factor
10. Classify the following as either basic or secondary want (use a tick) (4mrks)

Want Basic Secondary

(i) Food
(ii) Education
(iii) House
(iv) television
11. State the term given to each of the following statements (4mrks)
a. movement of goods from producers to consumers
b. study of trade and aids to trade
c. activities that are carried out in an office
d. increasing the usefulness of a good or service
12. State four features of indirect production. (4 marks)
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13.highlight two factors that are considered when office equipment. (2 marks)
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14. State four qualities of an office worker. (4 marks)
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15. State four reasons why business exist in the society. (4 mks)
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16. Give the differences between goods and services ( 4mrks)
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17. State FOUR benefits that a government gets from a bonded warehouse. (4mks)
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18. outline any four barriers to effective communication (4mrks)
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