Outline four sources of monopoly power.  (4mks)

a)………………………………………………………………………………………...

b)……………………………………………………………………………………………

c)………………………………………………………………………………………….

d)………………………………………………………………………………………….

Ragati and Nzonge operates a business with a stock valued at ksh.350,000 and have interests of 3/5 and 2/5 respectively. Ragati decided to insure 2/4 of the stock against fire. Sometimes later fire occurred at their business premises and destroyed stock worth ksh. 250,000. Calculate the amount of compensation Ragati would get from the insurance company.       (4mks)

Highlight four disadvantages of a private warehouse. (4mks)

a)………………………………………………………………………………………...

b)…………………………………………………………………………………………

c)………………………………………………………………………………………..

d)………………………………………………………………………………………….

Highlight four ways in which the production activities of firms in your country affect the environment. (4mks)

a)…………………………………………………………………………………………....

b)…………………………………………………………………………………………..

c)………………………………………………………………………………………….

d)…………………………………………………………………………………………..

Outline four advantages of audio-visual communication.  (4mks)

a)………………………………………………………………………………………...

b)……………………………………………………………………………………...

c)………………………………………………………………………………………….

d)…………………………………………………………………………………………..

State four advantages of transporting oil by pipeline rather than by road.  (4mks)

a)…………………………………………………………………………………………

b)………………………………………………………………………………………….

c)…………………………………………………………………………………………

d)………………………………………………………………………………………….

Highlight four measures that the government puts in place to create conditions that will be favorable for business development.    (4mks)

a)……………………………………………………………………………………….

b)…………………………………………………………………………………………

c)………………………………………………………………………………………..

d)………………………………………………………………………………………..

Outline four principles of co-operatives.    (4mks)

a)………………………………………………………………………………………….

b)………………………………………………………………………………………...

c)…………………………………………………………………………………………..

d)………………………………………………………………………………………..

Outline four factors to consider when intending to buy office furniture. (4mks)

a)………………………………………………………………………………………..

b)…………………………………………………………………………………………..

c)……………………………………………………………………………………………

d)…………………………………………………………………………………………..

Name the source document to which each of the following description relate. (4mks)

Description                                                                                             source document

(i) Issued by the seller to a buyer for cash paid

(ii) Used for processing and authorizing payments

(iii) Sent to a credit buyer to demand payment

(iv) Used to correct undercharge