Topical Compilation — Questions, Answers & Marking Tips
1. Business Environment
Sample KCSE 2016 – Paper 1 Question:
State four external factors that may influence the operations of a business.
Answer: Economic conditions, political stability, technological changes, and legal framework.
Answer: Economic conditions, political stability, technological changes, and legal framework.
2. Forms of Business Units
Sample KCSE 2019 – Paper 1 Question:
Outline four features of a public limited company.
Answer: Separate legal entity, limited liability, share transferability, and perpetual succession.
Answer: Separate legal entity, limited liability, share transferability, and perpetual succession.
3. Business Finance
Sample KCSE 2018 – Paper 2 Question:
Explain five factors considered when choosing a source of finance.
Answer: Cost of finance, repayment period, purpose of funds, flexibility, and amount required.
Answer: Cost of finance, repayment period, purpose of funds, flexibility, and amount required.
4. Office Practice
Sample KCSE 2015 – Paper 1 Question:
List four functions of the filing system in an office.
Answer: Safe record storage, easy retrieval, reference for future decisions, and efficient office organization.
Answer: Safe record storage, easy retrieval, reference for future decisions, and efficient office organization.
5. Entrepreneurship
Sample KCSE 2017 – Paper 2 Question:
Describe four characteristics of a successful entrepreneur.
Answer: Innovative, risk-taker, visionary, and persistent.
Answer: Innovative, risk-taker, visionary, and persistent.
6. Marketing
Sample KCSE 2020 – Paper 1 Question:
State four functions of intermediaries in the distribution chain.
Answer: Bulk breaking, storage, financing, and market information provision.
Answer: Bulk breaking, storage, financing, and market information provision.
7. Insurance
Sample KCSE 2014 – Paper 1 Question:
State the principle violated when an insured person exaggerates the extent of a loss.
Answer: Utmost good faith (Uberrimae fidei).
Answer: Utmost good faith (Uberrimae fidei).
8. Transport
Sample KCSE 2013 – Paper 2 Question:
Explain four advantages of air transport over road transport.
Answer: Faster, suitable for perishable goods, minimal physical barriers, and international connectivity.
Answer: Faster, suitable for perishable goods, minimal physical barriers, and international connectivity.
9. Communication
Sample KCSE 2010 – Paper 1 Question:
List four characteristics of effective communication.
Answer: Clarity, accuracy, conciseness, and feedback.
Answer: Clarity, accuracy, conciseness, and feedback.
10. Demand and Supply
Sample KCSE 2021 – Paper 2 Question:
Explain four factors that may cause a decrease in demand for a commodity.
Answer: Fall in consumer income, unfavourable tastes, rise in price of complements, and expectation of future price fall.
Answer: Fall in consumer income, unfavourable tastes, rise in price of complements, and expectation of future price fall.
11. National Income
Sample KCSE 2009 – Paper 1 Question:
State four methods used to measure national income.
Answer: Income approach, output approach, expenditure approach, and value-added method.
Answer: Income approach, output approach, expenditure approach, and value-added method.
12. Public Finance
Sample KCSE 2012 – Paper 1 Question:
Outline four reasons why the government imposes taxes.
Answer: Revenue generation, income redistribution, discourage harmful products, and control inflation.
Answer: Revenue generation, income redistribution, discourage harmful products, and control inflation.
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