Muthiora a businessman has a building worth Ksh. 2,000,000 which he insured against Fire for Ksh. 1,500,000. The building was gutted down by accidental fire and the remains were valued at Ksh. 600,000. Calculate the amount of compensation Muthiora got from the insurance company. (4mks)
Creditor may not accept personal cheques for fear that they might be dishonored. Outline five reasons why a cheque may be dishonored. (5mks)
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Highlight four roles played by insurance in an economy. (4mks)
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Write the following in full; (3mks)
(a) C. W. O
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(b) C. O. D.
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(c) L. O. U
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Highlight four circumstances under which cash is preferable as a means of payments(4mks)
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Indicate the type of Advertising Described in the table below. (4mks)
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Classify the following goods as either consumer or producer goods. (6mks)
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Goods |
Classification |
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The management of kazibora enterprise is contemplating coming up with a new office block. Name five reasons why they should adopt an open office layout. (5mks)
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For each of the features given below, indicate with a tick (v) whether it relates to a public limited company or private limited company. (5mks)
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Public Ltd |
Private Ltd |
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State four occupations that a person may engage in, in the primary level of production. (4mks)
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