PROGRESIVE COMPREHENSIVE HIGH SCHOOL (PCHS), BAMENDA

MOCK GCE TVE EXAMS – APRIL 2023

SUBJECT TITTLE / LEVEL ENTREPRENEURSHIP

SUBJECT CODE / LEVEL 5055 / A-LEVEL
PAPER NUMBER / 1
Time Allowed: ONE & HALF Hours
Instructions:
Answer ALL questions. Read the following instructions carefully before you start answering the questions in this paper. Make sure you have a soft HB pencil and
eraser for this examination. Each question is
1mark

1. The equation which defines innovation is: 7. A person who works so hard to see that a business is
A. Innovation= creativity + invention successful but is not the owner of the business is
B. Innovation= creativity + ingenuity A Techpreneur
C. Innovation= invention + application B Entrepreneur
D. Innovation= productivity + invention C Intrapreneur
D Extrapreneur
2. The equation which expresses the best
relationship between a business idea and a 8. In the Entrepreneurship Process, a stage which
business opportunity is: comes immediately after self-discovery is
A. opportunity = idea + application A. Business Planning
B. opportunity = idea + market B. Opportunity Recognition
C. opportunity = idea + innovation C. Opportunity Analysis
D. opportunity = idea + invention D. Resources Mobilisation

3. The four major functions of an enterprise are 9. A stage in the Entrepreneurship Process that
A Marketing, production, finance, personnel requires the entrepreneur to creatively find
B Marketing, production, secretariat, accounting solutions to problems is
C Commerce, accounting, marketing, production A. Business Planning
D Administration, secretariat, accounting, marketing B. Opportunity Recognition
C. Opportunity Analysis
4. The reward for an entrepreneur is profit and that of a D. Self-Discovery
manager is
A interest 10. The term entrepreneur is derived from a French
B salary word which means to
C wages A. calculate
D rent
B. create
C. undertake
5. A memorandum of association is a document
D. innovate
which is used to
A register a new business 11. An entrepreneurship writer who is often referred
B develop a business plan to as “father of creative destruction”
C fightcompetition A Richard Cantillon
D grow a business B Peter F. Drucker
C Jean Baptiste Say
6. He defined Entrepreneurship as a process that
D Josef Schumpeter
involves “coordination of production factors”;
A. Richard Cantillon 12. A reliable source of information about potential
B. Jean Baptiste Say competitors of a new business idea can be
C. Josef Schumpeter gotten during
D. Peter F. Drucker A. Business Planning
A. Opportunity Recognition
 B. Opportunity Analysis A. Past Savings
B. Self-Discovery B. Ploughing back profits
C. Depreciation funds
13. Every business venture starts with D. Bank loan
A an opportunity
B an idea 20. The generation of new business ideas can best
C a market be described as;
D capital A. Innovation
B. Creativity
C. Entrepreneurship
D. Intrapreneurship
14. A stage in the Entrepreneurship Process that
requires the entrepreneur to identify his/her
mission in life is 21. A diagram showing how an organisation is
A. Business Planning structured is known as
B. Opportunity Recognition A. Organisational structure
C. Opportunity Analysis B. Organisational chart
D. Self-Discovery C. Team chart
D. Both A and B
15. Someone who takes the initiative to make good
use of a new business idea is a/an 22. For a business idea to be called a business
A Inventor opportunity, the idea must have all of the
B Innovator following except:
C Co-creator A. Customers
D Entrepreneur B. Partners
C. Liabilities
16. The first step in the entrepreneurial process D. Resources
essentially involves
A opportunity analysis 23. A type of Entrepreneurship that limits the
B business planning entrepreneur not to scale up is:
C opportunity identification A. Scalable Start-up Entrepreneurship
D self-discovery B. Small Business Entrepreneurship
C. Corporate Entrepreneurship
17. Which of these is an internal source of finance D. Technology Entrepreneurship
to a young an aspiring entrepreneur?
A. Past Savings 24. The writer who defined entrepreneurship as a
B. Ploughing back profits process of undertaking a risky venture is
C. Depreciation funds A Josef Schumpeter
D. Bank loan B Peter F. Drucker
C Jean Baptiste Say
18. A common source of business opportunity that D Richard Cantillon
requires an aspiring entrepreneur to obtain the
rights to distribute the products of an existing 25. A common source of business opportunity that
business using only the brand name or requires an aspiring entrepreneur to obtain the
trademark of the business is known as a: rights to use the brand-name of an existing
A. Dealership company to distribute its products is known as a
B. Network Marketing A. Dealership
C. Franchise B. Network Marketing
D. Licence C. Franchise
D. Licence
19. Which of these is a relativelyexpensive source
of finance to a small business owner?B
26. The use of new business ideas can best be 33. An enterprise created to solve only social
described as; problems is
A. Innovation A. business enterprise
B. Creativity B. incorporated enterprise
C. Entrepreneurship C. social enterprise
D. Intrapreneurship D. profit making enterprise

27. A stage in the Entrepreneurship Process that 34. An enterprise whose owner(s) has/have limited
requires the entrepreneur to identify his/her responsibility for its debts is
strengths and weaknesses is A. non-incorporated business
A. Business Planning B. incorporated business
B. Opportunity Recognition C. social enterprise
C. Opportunity Analysis D. profit making enterprise
D. Self-Discovery

28. The shares of public limited companies are traded in

a market called 35. The Demand for a commodity refers to:
A foreign exchange A Desire for the commodity at a certain price during
B Open market any particular period of time.
C stock exchange B Need for the commodity at a certain price during
D Public market any particular period of time.
C Quantity supplied of that commodity at a certain
29. Which of the following best describes an price during any particular period of time.
entrepreneur when exploiting the weaknesses of D Quantity of the commodity needed at a certain
existing competitors? price during any particular period of time.
A. Angel funder
B. Venture capitalist 36. Which part of the business plan shows the history,
C. Opportunist mission and vision of the proposed business?
D. Calculated risk taker A Executive Summary
B Company Description
30. An entrepreneur who creates, starts and sells C Strategy
ventures D Market Analysis
A. Serial entrepreneur
B. Novice entrepreneur 37. Which one of the following techniques of generating
C. Habitual entrepreneur new business ideas does require criticism of
D. Portfolio entrepreneur proposed solutions?
A the SCAMPER technique
31. An entrepreneur who creates and starts a B Brainstorming
business for the first time is C reverse brainstorming
A. Habitual entrepreneur D focus groups
B. Novice entrepreneur
C. Serial entrepreneur 38. Which part of the business plan should include the
D. Portfolio entrepreneur income statements of the company and balance
sheets (cash flow?)
32. A sole tradership is an example of a/an A Market Analysis
A. non-incorporated business B Financial Plan
B. incorporated business C Marketing Plan
C. social enterprise D Operational Plan
D. profit making enterprise
39. The actual market of a firm’s product is part of the
 A Non relative market
B Non absolute market
C Potential market
D Theoretical market

40. The startup capital of an intrapreneur is provided by

A The company
B The intrapreneur
C Enterprising person 46. A document elaborately setting out the strengths and
D Extrapreneur weaknesses of competitor firms is a/an
A. Financial Plan
41. A stage of the creative problem solving process B. Marketing Plan
which comes before illumination is C. Strategic Plan
A preparation D. Operational Plan
B incubation
C evaluation 47. That part of a business plan which provides the
D elaboration advantages of the chosen business location is called
a/an
42. A leader who acts in anticipation is known as A. Marketing Plan
A A reactive leader B. Executive Summary
B A proactive leader
C. Financial Plan
C A responsive leader
D. Operational Plan
D A laissez-faire leader

43. A business person who supplies the capital for the 48. An entrepreneur should do a feasibility study for
business and bears the risks alone is starting a new venture in order to
A Limited partner A estimate the expected sales
B General partner B identify possible sources of funds
C Dormant partner C spot possible barriers to success
D Sole trader D explore potential customers

44. An enterprise which is a separate legal entity 49. Job Analysis is a systematic procedure for securing
from the owners is and reporting information defining a
A. non-incorporated business A Contract job
B. incorporated business B Specific product
C. social enterprise C Specific service
D. profit making enterprise D Vacant job

45. A stage of the business idea generation process 50. Which one of the following actions by an
at which an entrepreneur needs to make more entrepreneur is most likely to contribute to creative
use market research is termed destruction?
A preparation A Development of a new product
B incubation B Take-over of a competitor
C evaluation C Issuing shares
D elaboration D Reducing prices
 PROGRESIVE COMPREHENSIVE HIGH SCHOOL (PCHS), BAMENDA
MOCK GCE TVE EXAMS – APRIL 2023
SUBJECT TITTLE / LEVEL ENTREPRENEURSHIP
SUBJECT CODE / LEVEL 5055 / ITC-LEVEL
PAPER NUMBER 2

Time Allowed: THREE hours

Instructions: Answer any FIVE questions. Each question is 20 marks

1.

a) What do you understand by entrepreneurship? (5marks)

b) Give five contributions of entrepreneurship to the development of Cameroon. (15marks)

2.
a) Define social entrepreneurship (2marks)
b) Identify five characteristics of successful entrepreneurs (10marks)
c) Briefly explain four types of entrepreneurs (8marks)

3.
a) Distinguish between:
i. creativity and innovation
ii. an entrepreneur and an intrapreneur
iii. a business idea and a business opportunity
(4 x 3 marks)
b) Explain four ways by which you would transform a business idea into a business opportunity.
(8 marks)

4. Mr. NDOH is planning to start a small business at mile 11 Santa. He plans to offer low-cost farming tools to the
population of the area. As a main promoter he must not do this without carrying out a feasibility analysis and
without drafting a business plan. He requests for your services in this area.
a) What is a business plan? (2marks)
b) State any four benefits of carrying out feasibility studies before the start of the operation.

(8marks)
c) Outline five components of a summary business plan. (10marks)

5. An entrepreneur can generate business ideas from any source.

a) Explain four common sources of new business ideas (8marks)
b) Mention four examples of entrepreneurial projects that students can carry out in school (4marks)
 c) List four sources of finance for a new business entity (8marks)

6.

(a) Outline any seven factors that can motivate someone to become an entrepreneur. (14marks)

(b) Identify with an example each, three major types of limited liability businesses operating in Cameroon.

(6marks)