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Enterpreneurship Question Paper
Enterpreneurship
Course:
Institution: question papers
Exam Year:2011
P230/2
ENTERPRENEURSHIP
EDUCATION
PAPER 2
NOV./DEC. 2011
UGANDA NATIONAL EXAMINATION BOARD
Uganda Advance Certificate of Education
ENTERPRENUERSHIP EDUCATION
Paper 2
3 hours
INSTRUCTION TO CANDIDATES:
This paper consist of two sections; A and B
Answer five questions only.
Section A is compulsory. Answers to this to section should be precise.
Answer four questions from section B
Credit will be given for use of relevant diagrams illustrations.
Any additional question(s) attended will not be marked.
Section A: (20 MARKS)
Answer all parts of this question.
I. (a) (i) Define the term Capital
(ii) Identify any three sources of capital in your country. (3 marks)
(b) (i) Distinguish between a cheque and a standing order. (2 marks)
(ii) State any two advantages of using a standing order. (2 marks)
(c) (i) What is meant by direct tax? (1 mark)
(ii) Mention any two uses of an action plan to an entrepreneur. (2 marks)
(d) (i) Distinguish between an action plan and a business plan. (2 marks)
(ii) Mention any two uses of action plan (2 marks)
(e) (i) What is meant by the term inventory? (1 mark)
(ii) Give any three objectives of an inventory management in an enterprise (3 marks)
SECTION B: (80 MARKS).
Answer any four questions from this section.
2. (a) Under what circumstance may an entrepreneur may sell goods on credit (10marks)
(b) What are the challenges of selling goods on credit? (10 marks)
3. (a) Explain the various ways an entrepreneur can maintain good relations with employees in an enterprise. (10 marks)
(b) Discuss the method used by entrepreneurs to pay workers in an enterprise. (10 marks)
4. (a) Describe the steps involved in preparing an operational budget. (6 marks)
(b) Given the projections below, prepare an operational budget for Kato’s Carpentry Workshop: (14 marks)
Projections Shs
Sales
Salaries and wages
Timber 1,000 pieces each Shs 5,000
Nails
Electricity
Sand paper
Glue
Rent
Water
Insurance
Depreciation of equipment and tools 5% tax is estimated to be levied on profits of the business 20,000,000
200,000
100,000
80,000
90,000
50,000
100,000
20,000
60,000
15,0000
5. (a) Explain the factors that should be considered when developing a new product. (12 marks)
(b) Describes the techniques used by entrepreneur to make their products unique. (8 marks)
6. (a) Assess the impact of business activities on the environment. (10 marks)
(b) Suggest ways of minimizing the dangers caused by business to the natural environment.
(10 marks)
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