Business Questions For Strand 1 and Stand 2

STRAND 1: BUSINESS AND MONEY MANAGEMENT SKILLS

ASSESSMENT 1.1 

1. State the meaning of Business Studies. 

2.List FOUR components of Business Studies. 

• State FOUR reasons why it is important to learn Business Studies. 

• State FOUR career opportunities related to Business Studies. 

• Explain what you would like to be when you complete your studies. 

• How is your dream career important in the society? 
• State 4 types of business activities that may take place in a community?

ASSESSMENT 1.2

1. Outline the various uses of money.
2. Name the security features on Kenyan currency notes that can be identified by feeling.
3. Name the security features, on Kenyan currency notes, which can be identified by holding up the note against the light.
4. Name the Big Five Animals that appear on Kenyan Currency. 
5. Name the themes that are expressed in the Kenyan Currency. 
6. On the Kenyan currency nofes, there is an image of a dove. What does this dove symbolize? 
7. One of the themes represented on the Kenyan currency is governance. What is the symbol for governance on the currency? 
8. Match the following themes and symbols on the Kenyan currency correctly. 

ASSESSMENT 1.3

1. Define the term goal.
2. Explain the term personal goal.
3. Outline the importance of setting personal goals.
4. What are the factors to be considered when setting personal goals? 
5. Why is it necessary to write down personal goals? 
6. State FOUR areas in which we can set personal goals. 

ASSESSMENT 1.4 

1. Give three examples of talents. 
2. Give three examples of abilities. 
3. (a) identify a talent or ability that you have  (b) What career opportunity options can you pursue? 

(c) Explain how the career can benefit the society. 

4. Match the ethical issue in column A with the correct way of dealing with it in column B. 

Grade 7 (JSS) Business Topical Questions and Answers

STRAND 2: BUSINESS AND ITS ENVIRONMENT

ASSESSMENT 2.1 

1. What is the difference between wants and needs? 
2. Make a list of five wants. 
3. Make a list of five needs. 
4. What is the meaning of the following terms: (a) Scarcity (b) Choice | (c) Scale of preference (d) Opportunity cost 
5. Make a list of free goods. 
6. State some of the business activities that are carried out near your school. 
7. List five types of wholesalers. 
8. List four types of retail traders with shops. 
9. State FOUR advantages of supermarkets. 

ASSESSMENT 2.2 

1. State the meaning of the term goods. 
2. List four types of goods. 
3. State the meaning of the term services. 
4. State FOUR differences between goods and services. 
5. Where can you buy the following items: 
6. Paraffin 
7. Books and pencils 
8. A hand saw 
9. A bottle of soda 
10. A plate of food 
11. A cow 
12. A Jembe 

• List examples of the goods that are found in your home. 

• List examples of services that are provided in the community around your school. 

• State three types of services that may be offered to a person directly. 

• List FOUR examples of producer goods. 

ASSESSMENT 2.3

1. What are economic resources?
2. What are the characteristics of economic resources?
3. State the classifications of economic resources. 

• State four sustainable ways of using the renewable resources. 

• Explain four reasons why economic resources are importation. 

• List two classifications of natural resources. 

ASSESSMENT 2 4 

1. State the meaning of communication in business. 
2. What is communication? 
3. Identify ICT tools used in business communication. 
4. List three essentials of effective communication. 
5. List here forms of communication. 
6. What is effective communication? 
7. State five factors that one may Consider when choosing a means of communication. 

ASSESSMENT 2.5 

1. State the meaning of the term production.
2. Name four factors of production. 
3. State the reward of each factor of production. 
4. List 5 consumer concerns that should be addressed in production of goods and services.

ASSESSMENT 2.6 

1. State the meaning of each of the following terms: 

• Market 
• Marketing 
• Consumer 
• State FOUR ICT platforms used in marketing of goods and services. 
• List FOUR factors considered when selecting a suitable market for goods and services. 
• What is an online market? 
• What is advertising? 
• Wendy has imported clothes for sale from Turkey. She does not want to open a physical shop to sell the clothes. 

(a)How can she sell the clothes without opening a physical shop? 

(b)Which ICT platforms can she use for selling the clothes? 

STRAND 3: GOVERNMENT AND GLOBAL INFLUENCE IN BUSINESS

ASSESSMENT 3.1 

1. Identify the legal requirement to start and operate a simple business in Kenya. 
2. What are the requirements for registering a business name? 
3. State 3 ways in which the government regulate business activities. 
4. Where can one register a business name? 
5. State 4 government initiated methods of consumer protection. 

ASSESSMENT 3.2

1. State the meaning of the following terms

• Tax
• Taxation
• What are public goods?
• Give Examples of public goods in your locality. 
• Explain the dangers of not paying taxes on time. 
• State two benefits of paying taxes. 
• State two categories of taxes. 
• State two examples of indirect taxes.
• State two main sources of government revenue in Kenya. 

STRAND 4: FINANCIAL RECORDS

ASSESSMENT 4.1 

1.List two types of business transaction, 

• State FOUR documents used in business transactions. 
• Why should a seller issue a receipt to a buyer? 
• State the reason why a seller may send an invoice to a buyer. 
• State five methods that may be used in making payments for goods and services. 
• State three parties to a cheque.