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WorksheetsFORM ONE TOPICAL QUESTIONS
Total questions: 15
Worksheet time: 8mins
What is the difference between goods and services
Goods- Quality can be standardized Quality,services- cannot be standardized
Goods can be stored,Services cannot be stored
All of the above
the following items are basic wants
Furniture :
Milk:shelter:
Medical care:
What is the name of the equipment used to Add and subtract figures
Paper Shredder
calculator/Computer /adding machine
Photocopier/Computer Copier/carbon copying/duplicating machine
What is the importance of entrepreneurship in Kenya
Reduction of Rural – urban migratioh
·
reduce foreign dominance
Promotion of technology
all of the above
Identify characteristics of direct production
Low Quality Products
Low Living standard
Tiring
All of the above
the rewards for Land is__________________
Wages /Commission
Rent, Rates & Royalties
Interest
Salaries, fee
One disadvantage of using a photocopier in an office is
it can be used for mass production
Its cheap
Fades over time, Expensive , Availability in simple colours
Identify advantages of division of labour and specialization(choose all correct answers)
Less time is spent in (completing a job)/ saves time/ faster/ quicker/ speed
There is minimal changing from doing one work to another
One is proud of the final product produced
Increased production/ quantity/ output
Select four factors to consider when selecting office equipment’s
Cost
The size of the manager
Human Resources/Manpower
Space Available
Staff Motivation
select four emerging trends in office management and practice
New operating procedures/routine
Use of internet
Use of mobile phones
Use of pen and paper
Location of offices outside the central business districts into outskirts off towns
·
reason why business people must prepare a business plan is____
To make mistakes
To avoid making business mistakes
It doesn't show strengths and weaknesses of the business
Identify four characteristics of economic resources
Scarce in supply
Have money value/price
Unevenly distributed
Have utility
Name four causes of business failure
Commitment to the business
Proper management of finances
Proper debt management
Creativity and innovativeness
Good customer care
Importance of trade
As a source of income
Doesn't provide self employment
Its a waste of time
Identify four internal business environments that affect business
social
Business Structure
Business Resources
Owners
Business Culture
