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    Instructions: Answer All Questions

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    This document contains an end of term exam for an Entrepreneurship Education course. It includes 10 multiple choice and short answer questions (Section A) testing concepts like market assessment, inventory, quality control, decision making factors, and calculating gross profit. Section B has 4 additional questions about contracts, selecting a business career, workplace aspects, and reducing production costs. The exam is testing students' understanding of key entrepreneurship concepts.

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    Instructions: Answer All Questions

    Uploaded by

    api-3700197
    35 views2 pages
    This document contains an end of term exam for an Entrepreneurship Education course. It includes 10 multiple choice and short answer questions (Section A) testing concepts like market assessment, inventory, quality control, decision making factors, and calculating gross profit. Section B has 4 additional questions about contracts, selecting a business career, workplace aspects, and reducing production costs. The exam is testing students' understanding of key entrepreneurship concepts.

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    ENTRE S

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    This document contains an end of term exam for an Entrepreneurship Education course. It includes 10 multiple choice and short answer questions (Section A) testing concepts like market assessment, inventory, quality control, decision making factors, and calculating gross profit. Section B has 4 additional questions about contracts, selecting a business career, workplace aspects, and reducing production costs. The exam is testing students' understanding of key entrepreneurship concepts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    35 views2 pages

    Instructions: Answer All Questions

    Uploaded by

    api-3700197
    This document contains an end of term exam for an Entrepreneurship Education course. It includes 10 multiple choice and short answer questions (Section A) testing concepts like market assessment, inventory, quality control, decision making factors, and calculating gross profit. Section B has 4 additional questions about contracts, selecting a business career, workplace aspects, and reducing production costs. The exam is testing students' understanding of key entrepreneurship concepts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    KIKAAYA COLLEGE SCHOOL

    END OF TERM I EXAMS 2008


    S.6 P230/2 ENTREPRENEURSHIP EDUCATION
    TIME: 3 HOURS

    Instructions:
    Answer all questions.

    SECTION A

    1(a) (i) What is meant by “market assessment”?


    (ii) Mention any three reasons for carrying out market assessment.

    (b) State any four documents used when purchasing goods for an enterprise.

    (c) (i) Define the term inventory.


    (ii) Mention any three types of inventories in an enterprise.

    (d) (i) Define the tern “quality control”.


    (ii) State any three reasons for quality control during production.

    (e) Sate four factors that influence decision making.

    (f) Give four ways through which the society influences the behaviour of an
    entrepreneur.

    (g) (i) What is meant by self- assessment?


    (ii) Sate three risks that encountered by being in a business.

    (h) Give four steps in the criteria to be considered when preparing an


    advertisement.

    (i) Mention any four factors that influence savings in a business.

    (j) Given the Net sales of sh. 2,.000, 000 and cost of sales sh. 1, 600,000.
    Calculate the: (i) Gross profit margin

    (ii) Gross profit mark-up.


    SECTION B.

    2(a) What is a contract?


    (b) Give the importance of contracts to business.
    (c) What circumstances of contracts lead to termination of contract?
    (d) Give the different laws that relate to business

    3(a) What is a business career?


    (b) What factors determine the selection of a legal form of business?
    (c) What are the advantages of business as a career?
    (d) Give the steps involved in commencing business operations.

    4(a) What is a “work place?


    (b) Give and explain the different aspects of a workplace an
    entrepreneur should take care of?
    (c) Why is it important to keep records about the production process?

    (d) What can an entrepreneur do to reduce the costs of production?

    END

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