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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