ENTERPREURSHIP LII QUESTIONS BATCH ONE 2019 - EMAGK SITE

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Thursday, November 24, 2022

ENTERPREURSHIP LII QUESTIONS BATCH ONE 2019

 


LII BATCH 0NE 2019

1. a) Define the term self employment

    b) List five reason (5) for self employment

     c) Outline two advantages and three disadvantage of self employment.

2. a) Differentiate a business idea from a business opportunity.

    b) List four (4) sources of business idea.

   c)Outline four characteristics of a good business idea.

3. a) Define the term “cost”

    b) Given below is the list of costs. Identify the direct and indirect cost from the list.

                            i.          Labour cost

                           ii.          Salary

                         iii.          Electricity bills

                         iv.          Stationary

                           v.          Material costs

                         vi.          Depreciation

                        vii.          Loan interest

                       viii.          Transport

          4. What do you understand by the term business plan?

              b) Business plan users are categorized into two types: internal and external users. Mention three users from each category and explain how they use business plans.

5. Mr. Mwakilima is a business man with a carpentry workshop just outside the city of Mtwara. He sale the following items:

       i.          Chair Tsh. 25,000/= each

      ii.          Dinning table Tsh. 300,000/= each

     iii.          Cupboard Tsh. 350,000/= each

After discovering that sales are not good, he decided to buy some modern equipment and improve the quality of his products. But still sales were low. As a VETA graduate with entrepreneurship Education advice Mr. Mwakilima on how he can improve his sales.

6 a) List five financial record to be kept by an entrepreneur.

  b) Mention the advantage of keeping financial record.

 

7. one of the methods as entrepreneur can use to finance business is through borrowing from banks or other Financial institutions.

    a) List 6C’s banks uses to give loan to customers.

  b) Mention other four sources an entrepreneur can use to finance the business



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