FORM TWO POST MOCK KILIMANJARO BUSINESS STUDIES EXAMINATION

SECTION B (40 MARKS)
Answer all questions from this section
3. differentiate the following concepts as they are used in production
(a) direct and indirect production
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(b) production and consumption

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(c) skilled labour and semi-skilled labour
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(d) entrepreneurship and sole proprietorship
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(e) sales day book and purchases day book
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4. a) define the term sole proprietorship
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b) outline four (04) importance of sole proprietorship i.……………………………………………………………………………………………………………. ii……………………………………………………………………………………………………………. iii…………………………………………………………………………………………………………… iv……………………………………………………………………………………………………………

5. Theopile set up a clinic in a distant rural center. The business was closed after six months. Identify five possible causes for the failure.

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6. Business management is very important because it helps a business to operate efficiently and achieve its goals. Outline five functions of business management
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SECTION C (45 MARKS)
Answer all questions in this section
7. Capital is a man-made economic resource used in production process. briefly explain any five
(05) features of this economic resource which distinguishes it from others.
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