CANDIDATE INSTRUCTIONS: Answer All Questions
SECTION A. (10 MARKS)
Each Question Carries 1 Mark.
1. Which of the following is a source of capital?
A. Labor
B. land
C. Debt
D. entrepreneurship
2. The following are sources of business ideas except one.
A. Print media.
B. Experience.
C. Religion.
D. Brain Storming.
3. Which one of the following is not a form of business ownership?
A. Sole proprietorship
B. partnership.
C. SACCO’s
D. Limited Liability Company
4. What is the first section of a business plan?
A. Company description
B. Marketing plan
C. Executive Summary
D. Financial plan.
5. The following are forms of entrepreneurship except one.
A. Agricultural entrepreneurship
B. Psychological entrepreneurship
C. social entrepreneurship
D. commercial entrepreneurship
6. The following are occupational safety and healthy tip except one.
A. Being aware.
B. being courageous.
C. maintaining a good posture.
D. locating exits.
7. Buyers can be classified into the following types except one.
A. Price buyers
B. Relationship buyers.
C. situational buyers.
D. value buyers.
8. Why should an entrepreneur do a feasibility study?
A. To see if there are barriers to business success.
B. To identify possible sources of funds.
C. To estimate expected sales.
D. To explore customer potential.
9. The following are forms of incentives except one.
A. Economic incentives.
B. social incentives.
C. customer incentives.
D. moral incentives.
10. One of the statements in not true about entrepreneurship.
A. Entrepreneurs are made
B. Entrepreneurship is an art.
C. Entrepreneurs are born
D. entrepreneurs are anti-social.
SECTION B. (40 MARKS).
11. Describe the procedure for starting a small business. (4 marks).
12. Describe the qualities of an entrepreneur. (4 marks).
13. Explain the benefits of entrepreneurship in the society. (4 marks).
14. Outline the four factors of production. (4 marks).
15. Highlight any four theories of entrepreneurship. (4 marks).
16. Evaluate the role of ICT in business growth. (4 marks).
17. Outline the basic principles of management. (4 marks).
18. Explain the importance of records in marketing. (4 marks).
19. Expand the term “SWOT” as applied in analysis of entrepreneurial opportunities. (4 marks).
20. Describe the determinants of location of enterprises. (4 marks)