YNet StudyHub

1Which of the following is a characteristic of a sole trader?

A Owned by two or more persons B Limited liability C Owner makes all decisions D Shares can be publicly traded

2What is the main purpose of a warehouse in home trade?

A To manufacture goods B To store goods before sale C To advertise products D To provide transport services

3Which mode of transport is most suitable for bulk agricultural produce over long distances?

A Motorbike B Railway C Bicycle D Walking

4Which of the following is a function of the government in business?

A Setting prices for all goods B Regulating competition C Hiring employees for private firms D Running all retail shops

5In business communication, which medium is most appropriate for a quick internal message?

A Letter B Email C Television advertisement D Public notice board

6A partnership differs from a sole trader because:

A It has unlimited liability for all owners B It is owned by the government C It can have more than one owner D It cannot make a profit

7Which transport service is most commonly used for delivering parcels within a city?

A Cargo ship B Airplane C Motorcycle courier D Train

8What is a disadvantage of a public limited company (PLC)?

A Owners have limited liability B Shares are not transferable C It must disclose financial information publicly D It can only have one owner

9Which of the following best describes 'home trade'?

A International export only B Buying and selling within the local community C Online global marketplace D Government procurement

10Which government agency typically issues licences for transport operators?

A Ministry of Education B National Transport and Safety Authority (NTSA) C Kenya Revenue Authority D Central Bank of Kenya