BUSINESS STUDIES (Y11) REVISION

KCSE TVET 1 - BLUE PRINT 2024

Communication

1. Define 'Communication'

2. What is the purpose of communication?

3. What does Communication involve?

4. In business what word is used to replace communication?

5. Name the 3 ways communication can be carried out

6. Give 3 skills you need for effective communication

7. Briefly explain what "Line of Communication" mean

8. List 3 communication skills you need for your Business?

9. Explain what does the word "feedback" mean

10. Define 'Critical Thinking'

11. Why is 'Critical Thinking important?

12. What is an "Organization Chart"?

13. Create an organization chart for a small business

14. Explain what "Smart Goals" is

15. List 3 examples of business goals

16. Discuss the importance of Time Management in the work place

17. Describe what Portfolio evidences are

18. What is Workplace Safety?

19. Why is it important to have Workplace safety rules?

20. What is PPE?

21. Why is the use of ergonomics important in the workplace?

Starting a Business

1. Define 'Business'

2. Name the 3 types of businesses that shows ownership of the business

3. List 2 advantages and 3 disadvantages for the 3 types of businesses mentioned in (2) above.

4. List 3 differences between the 3 types of businesses above

5. What is a Business Plan?

6. Why is a business plan important?

7. What are the steps for developing an effective Business plan?

8. What are the components of a SWOT analysis?

9. Briefly explain what each SWOT component mean

Bookkeeping

1. Define Bookkeeping

2. What are the ten Financial elements of Bookkeeping?

3. Create a Table and give a brief description of the ten elements above in (2).

4. Create another Table and list the names of the 7 journals used in Bookkeeping and give a brief description of each.

5. Name the two types of Ledger formats and draw a simple drawing of their formats

6. Application

Types of Transactions

1. Name two types of business transactions, and give a brief description of each

2. What is "Double-Entry" Bookkeeping?

3. What are three important steps when posting transactions to T-accounts

4. What are Accounts Receivable?

5. What are Accounts Payable?

6. Describe the two methods used in making a Trial Balance

7. Briefly describe the difference between a Balance Sheet and a Trial Balance

8. Application

Budgeting

1. Briefly describe what a Budget is

2. What are the three main reasons for making a budget?

3. What is an Income?

4. What is the difference between Gross Income and Net Income?

5. What is an Expense?

6. In a Table, show two differences between Variable and Fixed Expenses?

7. Application

BUSINESS STUDIES QUESTIONS FROM TVET PAPER 1, 2024

PART 1: MULTIPLE CHOICE   (2mks)

Circle the best answer.

1.       The term “communication” can be defined as?

A.      An exchange of information by speaking, writing or using some other medium

B.      Employee communicating with employee

C.      Verbal and non-verbal

2.   1.       The following is NOT a PPE equipment

A.      hard hats

B.      safety glasses

C.      non-covered footwear

PART 2: FREE RESPONSE (18mks)

 1.       You have recently acquired $20,000.00 from your late grandpa. You are planning to start a small retail shop but you are still deciding between two locations.

Location 1: Banana Uoua village - it is a quiet place

Location 2: Tennesse (close to JSS and Tennesse Primary school) because of the dense population there

After studying the two locations, decide which is the best location for your business.

a.  Write an evaluation report below and consider the following points.

•  Your decision on why you chose that location

• Describe one advantage of the location you chose

•   One disadvantage of the location you did not choose.

Location you chose:(2mks) Location 2, because it has a dense population (school children and teachers with their families

Advantage of chosen location: (1mk) It is central to the target groups

    Disadvantage of the other location: (1mk) It has a sparse population

2.       Mr. Alulu owns and operates a Motor Mechanics Repair Shop at Tabwakea. The demand for car repairs and maintenance has increased, so he employed two additional mechanics to keep up with the growing demand. After some time, he decided to make the two employees partners in the business.

a.      List two disadvantages of a Sole Trader that will be solved when becoming a Partnership (2mks) 

1. A Sole trader will bear all its business losses; a partnership will share the losses

2. A sole trader has limited capital; a partnership has more access to capital

3. Explain the purpose of a Business Plan (2mks)

A Business Plan describes the company's goals, operations, industry standing, marketing objectives, and financial projections. 

4. Outline the steps of developing a Business Plan: (2mks)

1. Identify goals

2. Operation goals

3. Marketing Objectives

4. Financial goals

5. Kabentaa Company Ltd is a well-known furniture and home appliances store, which generates millions of dollars in revenue. The Board of Directors decided to expand into the hospitality industry by building a resort.

a.      Apply the concept of SWOT analysis to this new business venture .(4mks)

Strength - have enough capital

Weakness - No skills in the hospitality industry

Opportunity - New Resort can buy furniture and appliances from Kabentaa Company

Threat - competition from the nearby Hotel

6.  Define Expenses (1mk). Expenses are the money the business spends on purchasing items, paying bills, etc

7   Explain "Double-Entry" Bookkeeping using an example   (3mks)

. The double-entry system has two equal and corresponding sides, known as debit and credit;  

8.  Outline the correct format of a Budget    (1mk)

• 50% of your income goes toward needs, 

• 30% toward wants and 

• 20% toward savings and debt repayment