types of utilities that may be created in production

Explain each of the following

possession utility;
(4 :
(ii) time utility. marks)
derive from automating its productionprocess.
(b) State four benefits a business may

a factor of production. (6 marks)

(c) Outline six features of land as
may bindgz a limited company from being disso.lued
(d) Explain three conditions that (6marks)

used in economics. (2 marks)

(a) Define the disequilibrium as

of determining the market price of a commodity. (8 marks)'

Explain four methods
curve from DI DI to D2 D2
(c) Figure 1 shows a shift in demand

Price

Fig. 1
(10 mar
Ex laiqpvgkcvtot that may have led to the shift.
(4 mark
(a) State four functions of money in an economy.

(b) Outline six strategies that the government and Central Bank of a country mayadopttc
(6mad
control the supply of money.
(ION
(c) Explain five factors that may cause a deficit in the balance of payments•

4. (a) Outline two disadvantages of hierarchical organizations.

(b) Using an illustration in each case, explain the following types of organisationd
(i) matrix
(ii) horizontal

2205/305 2
octJNov.2016
 Explain the following types of management
participatory;
(ii) despotic;
(iii) task oriented.

outline three advantages of departmentation (6 marks)

by functions in
an organization.
(6 marks)
Distinguish between executed and executory
consideration as used
in law of contract.
(6 marks)
Explainthree requirements of valid consideration.
(6 marks)
(c) Explainfour remedies for breach of contract.
(8 marks)
(a) Organizationsare now using computers instead of typewriters to producedocuments.
State rssonyfor this trend
fectxnolqycql
•ts.> H4 4umarks)
Explainfour guidelines that an organization should follow when
designingan office
la out.
(8 marks)

(c) Explain sw%4iithÄ

an organization may apply the conclusions derived from
EltonMayo's Hawthorne Experiments. (8 marks)
(a) Statefour ways through which, the management of an organization may enhance
{Äme0&
employeeti (4 marks)
anci
Explainthe following concepts of management
responsibility;
accountability;
(iii) delegation. (6 marks)

I(C) Describefive measures

that may be taken by an organization to implement-an-&ii.yg__
e tb ob•ect• s orogram. (10 marks)
a) Statetwo orl 14boUj'
obligationsthat a business has towards each of the following
shareholders;
employees. (4 marks)
b)

Explaiifourfa ors
that have led to the domination of small scale businessesin Kenya.
(8 marks)
RPIainfivemeasures
for
business
to thrive.
that the government may take to create an enabling environment
(8 marks)

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