ENTREPRENEURSHIP EDUCATION (P230/1)

RESOURCE PAPER

TIME: 3 HOURS

Instructions

Answer all questions in section A and any four (4) questions in section B

SECTION A (20 MARKS)

1. (a) (i) Define the term change as used in entrepreneurship. (1 mark)

(ii) Give any three reasons why people may resist change in a business. (3 marks)

(b) (i) Outline any two factors considered when evaluating a business idea. (2 marks)

(ii) Mention any two factors that determine the level of sales in a business (2 marks).

(c) (i) Mention any two factors that promote gender partnership in entrepreneurship. (2 marks)

(ii) State any two factors that hinder women participation in entrepreneurship. (2 marks)

(d) (i) Give any two elements of financial management. (2 marks)

(ii) Mention any two advantages of using suppliers’ credit in business. (2 marks)

(e) (i) Present any two factors that affect competition in entrepreneurship. (2 marks)

(ii) Outline any two indicators of increase in competition in business. (2 marks)

SECTION B (80 MARKS)

2. (a) Examine the social – cultural factors that influence entrepreneur’s decisions. (10 marks)

(b) Describe the various business laws required in the entrepreneurial environment. (10 marks)

3. (a) What are the characteristics of successful social entrepreneurs in Uganda? (10 marks)

(b) Explain the strategies that should be used to promote sustainable development in Uganda.

(10 marks)

4. (a) Describe the critical areas of a business plan used for obtaining finance for a business.

(8 marks)

(b) Explain the challenges faced by entrepreneurs during business planning. (12 marks)

5. (a) Describe the various types of costs incurred in the production process. (10 marks)

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 (b) How can costs of production be minimized in a business? (10 marks)

6. (a) What are the various differences between marketing and selling? (10 marks)

(b) Describe the characteristics of potential customers in Uganda. (10 marks)

7. (a) Explain the factors considered when recruiting workers for a business. (10 marks)

(b) Justify the need for orientation of workers in a business. (10 marks)

ERETA EDUCATION CONSULTANT

MOCK EXAMINATIONS 2019

SECTION A (20 MARKS)

1. (a) (i) What is meant by social enterprise development in entrepreneurship? (1 mark)

(ii) Mention any three ways of promoting community development in Uganda. (3 marks)

(b) (i) Define the term gender partnership. (1 marks)

(ii) Give any three factors that limit gender partnership in a business. (3 marks)

(c) (i) Mention any two indicators of market growth in entrepreneurship. (2 marks)

(ii) State any two perspectives of analyzing a business idea. (2 marks)

(d) (i) Distinguish between a mission statement and a vision statement. (2 marks)

(ii) Mention any two benefits of developing a vision statement. (2 marks)

(e) (i) Distinguish between tax base and taxable capacity. (2 marks)

(ii) Mention any two examples of tax bases in Uganda. (2 marks)

SECTION B (80 MARKS)

2. (a) How does an entrepreneur benefit from adopting changes in his/ her business? (10 marks)

(b) Explain the factors that limit entrepreneurs from adopting changes in businesses. (10 marks)

3. (a) Explain the social- cultural factors that limit entrepreneurship in Uganda. (10 marks)

(b) Examine the impact of globalization on entrepreneurial activities in Uganda. (10marks)

4. (a) Describe the various elements of the quality of a product. (10 marks)

(b) What is the impact of ensuring proper time management in business? (12 marks)

5. (a) Examine the determinants of labour turnover in an enterprise. (10 marks)

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 (b) Describe the process of attracting and on boarding of new employees to a business. (10 marks)

6. (a) Justify the need for promoting SMES in Uganda. (10 marks)

(b) What challenges are faced by entrepreneurs during the process of registering businesses in
Uganda? (10 marks)

7. (a) Explain the factors that an entrepreneur should consider when selecting a business to undertake.

(10 marks)

(b) Describe the various forms of feasibility studies carried out by an entrepreneur before
implementing a business idea. (10 marks)

END

ENTREPRENEURSHIP EDUCATION PAPER 1 RESOURCE 2019

SECTION A (20 MARKS)

1. (a) (i) What is meant by political environment in entrepreneurship? (1 mark)

(ii) Mention any three political factors that limit entrepreneurship in Uganda. (3 marks)

(b) (i) Define the term gender discrimination. (1 marks)

(ii) Give any three ways in which gender balance can be improved in a business. (3 marks)

(c) (i) Mention any two indicators of market growth in entrepreneurship. (2 marks)

(ii) State any two rules of brainstorming in entrepreneurship. (2 marks)

(d) (i) Distinguish between a production plan and a financial plan. (2 marks)

(ii) Mention any two factors considered when preparing a production plan. (2 marks)

(e) (i) What is meant be collective investment schemes (CIS). (2 marks)

(ii) Mention any two services offered by Uganda Securities Exchange. (2 marks)

SECTION B (80 MARKS)

2. (a) Justify the need for adopting change in business. (10 marks)

(b) Explain the factors that limit entrepreneurs from adopting changes in businesses. (10 marks)

3. (a) Explain the significance of preparing a social enterprise plan. (10 marks)

(b) How can entrepreneurs reduce the dangers of climate changes in Uganda? (10marks)

4. (a) What is the rationale for conducting a feasibility study before starting a business. (10 marks)

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 (b) Describe the components of a feasibility study in entrepreneurship. (10 marks)

5. (a) Present the procedures of recruiting workers for a business. (10 marks)

(b) When may a business terminate the contracts of workers? (10 marks)

6. (a) Account for the popularity of informal businesses in Uganda. (10 marks)

(b) Under what circumstances may an insured not be compensated by an insurer? (10 marks)

7. (a) What are the factors that may lead to the production of low quality products in an enterprise?

(10 marks)

(b) How can an entrepreneur control hazardous substances in the work place? (10 marks)

8. (a) What are the principles of effective negotiations in business? (10 marks)

(b) Describe the steps involved in the pre- negotiation process in entrepreneurship. (10 marks)

9. (a) Explain the role of taxation in the economic development of Uganda. (10 marks)

(b) Why are indirect taxes preferred to direct taxes in Uganda? (10 marks)

10. (a) Describe the components of a social enterprise plan. (10 marks)

(b) Explain the social responsibilities of a business to the community. (10 marks)

11. (a) What is the purpose of quality control in an enterprise? (10 marks)

(b) Explain the factors that influence the quality standards of products in a business. (10 marks)

12. (a) What are the various ways of generating business ideas? (10 marks)

(b) Describe the procedures of turning a business idea into a business opportunity. (10 marks)

13. (a) Describe the various methods of appraising workers in a business. (8 marks)

(b) Assess the advantages and disadvantages of performance appraisal in business. (12 marks)

14. (a) Describe the process of effective communication. (10 marks)

(b) Explain the elements of effective communication. (10 marks)

15. (a) Examine the factors that influence the choice of technology for a business. (10 marks)

(b). Describe the characteristics of appropriate technology in Uganda. (10 marks)

END