A bill of exchange is an unconditional order from one party to the other to pay on demand or at a stated future date the sum on the bill. It must be signed by the drawer and be accepted by Read More …
Day: December 9, 2020
Give any three characteristics of money as a medium of exchange
Characteristics of money Acceptability Portability Divisibility Durability Homogeneity Stability Scarcity Cognizability
State any four methods that the government of Kenya uses to protect its consumers.
Government methods of consumer protection. Setting up standards eg Kenya Bureau of Standards Price control Licences Food and Drugs Acts. Sale of Goods Act. Public Heath Act.
Outline any four features of multiple shops.
Features of multiple shops. Uniformity of the premises, external shop front, internal layout, etc Control is vested in the central organisation Buying if centralised and selling is decentralized through several branches. Deal only in a particular set of goods Sales Read More …
Give any four benefits that a farmer would reap from being a member of a producer cooperative.
Benefits from co-operatives. Fair price for his her produce Reduced costs of transport, processing and marketing Get ideas regarding quality improvement, better methods of cultivation, etc Secure credit on reasonable terms than an individual could Purchasing farm equipment’s at reasonable Read More …
Highlight any four problems or challenges that businesses would face due to adoption of the decentralization policy.
Problems of decentralization. Lack of trained personnel Lack of basic infrastructures such as roads Basic services like banking may not be found in all areas Inadequate market Certain benefits eg entertainment may not be found in the decentralized industries.
Outline any four barriers that hinder effective communication.
Barriers to effective communication The language used The medium used Willingness of the receiver to listen Noise Attitudes of the communicators Poor planning Improper timing
List four features of co-operative societies.
Features of cooperatives. Voluntary Association i.e open to all Service motto ie serves its members and that profit is not the only motive One for all and all for one i.e self help through mutual help Democratic management Division of Read More …
Most secondary schools maintain that students should pay fees with cheques and not cash” Account for this statement.
Advantages of cheques. Secure since if stolen they can be traced Convenient to carry than coins and notes Payment can be made without the need to travel Acts as evidence of payment.
As the transport manager of a busy company highlight four factors you would consider before choosing a mode of transport for your goods and services.
Factors to consider when choosing mode of transport. The cost of transport Speed and time taken Nature of goods Flexibility Packing requirements Distance to be covered Insurance risks.