State four advantages of operating a partnership form of business. (4mks) a) ................................................................................................... b) ................................................................................................... c) ...................................................................................................
Question:
State four advantages of operating a partnership form of business. (4mks)
a) ...................................................................................................
b) ...................................................................................................
c) ...................................................................................................
d) ...................................................................................................
2. Outline four risks against which a shopkeeper may insure. (4mks)
a) .................................................................................................
b) ..................................................................................................
c) ...................................................................................................
d) ..................................................................................................
3. Give four ways in which a government may participate in the operations of a state
corporation. (4mks)
a) .....................................................................................................
b) ....................................................................................................
c) ...................................................................................................
d) ...................................................................................................
4. Outline four considerations that a seller should take into account before giving credit to
a new customer. (4mks)
a) ....................................................................................................
b) .................................................................................................
c) ................................................................................................
d) ....................................................................................................
5. The table below shows some of the occupations in production. Indicate the level of
production associated with each of the occupations. (4mks)
Occupation Level of production
a) Mining _________________
b) Oil refining _________________
c) Insurance _________________
d) Teaching _________________
6. What are the advantages of personal selling as a method of sales promotion? (4mks)
a)` .....................................................................................................
b) .....................................................................................................
c) .....................................................................................................
d) ....................................................................................................
8. Give four assumptions that are associated with perfect competitor. (4mks)
a) ...................................................................................................
b) ......................................................................................................
c) ......................................................................................................
d) ........................................................................................................
9. List four types of unemployment in an economy and give the cause for each. (4mks)
a) .........................................................................................................
b) .........................................................................................................
c) ..........................................................................................................
d) ...........................................................................................................
10. What benefits may accrue to manufacturing firm that uses modern technology? (4mks)
a) ..........................................................................................................
b) .........................................................................................................
c) ........................................................................................................
d) ........................................................................................................
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill