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Entrepreneurship S3 Midterm

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nizeyimana jean baptiste
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481 views5 pages

Entrepreneurship S3 Midterm

good notes

Uploaded by

nizeyimana jean baptiste
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ES.

MUHAZI
2024/3rdTERM
DURATION:3HOURS
CLASS: S3
ENTREPRENEURSHIP MIDTERM EXAMINATION /100 MARKS
INSTRUCTIONS
- Do not open this question paper until you are told to do so.
- This paper is made up of 2 sections: A and B
- Section A is compulsory (60MARKS)
- Choose 4 questions in section B (40MARKS)
- Show clearly your workings, plot a line separating questions
- Show your name, class, examination and date of exam
- Use only a blue or black pen
SECTION A (COMPULSORY) /60MARKS
Q1. Define the following terms: /5 marks
a. Entrepreneurship

b. Entrepreneur

Q2. List down any five characteristics of successful entrepreneur/5 marks


Q3. For any community to develop both socially and economically, its members must actively
engage in work.
Describe five types of work according to activities that they can be engaged in /5Marks
Q4. a) what are the various methods of communication that should be used to
communicate?/4marks
b) Expound any 4 factors you should consider while choosing the best method of communication
/8marks
Q5. Do you think it is important to study Entrepreneurship in schools? Give any five reasons to
support your answer /5marks
Q6. Mention any three types of accounting /3 marks
Q7. It is easy to think that only rich people waste money. After all, rich people have lots of
money, so it is easier for them to spend it on things that they do not really need. But this is not
really true. Because money as financial resource should be wisely spent. Identify the four Rs of
proper financial management. /4 marks

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Q8. Business enterprises are numerous and vary widely in nature and types of goods and services
they produce or provide. Classify the enterprises in different types according to their ownership
or legal status. /4 marks
Q9. Business growth means increase in the number of business activities such as increase in
production, increase in sales, increase in profit and promotion. Evaluate indicators of business
growth and business failure. /1O marks
Q10. For a business to operate successfully, there are some acceptable behaviours it should
observe in its operations. Pinpoint any 4 factors that influence ethical behaviors? /4marks
Q11. Itemize any 3 Consequences of not keeping proper accounting
records /3marks
SECTION B
(ATTEMPT ANY FOUR QUESTIONS OF YOUR CHOICE/40MARKS)
Q12. The following figures relate to monthly salaries of Twizerane company employees for
2013: a. Director Ndori John earns 260,000Rwf
b. Account Sugira earns 95,000Rwf
c. Secretary Muneza earns 28,000Rwf
d. Casual labourer Anna earns 140,000Rwf
Required: calculate the total PAYE for the above employees that Twizerane company pays to
RRA every month./10marks
Q13. On1st January 2013 Manzi started business with the following assets and liabilities:
Item Rwf
Assets:
Cash on hand 16,800rwf
Stock on hand 48,000rwf
Furniture and fittings 76,000rwf
Machinery 80,000rwf
Debtors
22,000rwf
Liabilities
Creditors
30,800rwf
Bank overdraft 12,000rwf
Required:
A) Calculate Manzi opening capital. /4Marks
B) Prepare as well organized balance sheet for Manzi /6 Marks

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Q14. CelineUwera owns a carpentry workshop and is planning to make 100 tables and 100
chairs within five months.The following expenses will be made:
Purchase of 300 wooden boards at 25,000rwf per board.
Purchasing varnish and accessories: 800,000rwf
Twenty workers will be paid 30,000rwf for each.
Workshop rent at 100,000rwf per month
Electricity 30,000rwf per month
Water 6,000rwf per month
Repairs and maintenance 40,000rwf per month
Transport costs 50,000rwf per month
Telephone 40,000rwf per month
Security guard 20,000rwf per month
Miscellaneous expenses 10% of the total expenses
Value added tax of 18%
A table will be sold at 200,000rwf and a chair at 100,000rwf
Required: Prepare a budget for Celine Uwera’s workshop. (10 Marks)
Q15. Draw up an appropriate cash book of Mr Kamuli for the month of October 2017 using the
following data and balance it off.
(10marks)
01/10 cash introduced in the business 400,000Rwf
02/10 paid rent in cash 120,000Rwf
03/10 cash deposited into the bank 100,000Rwf
05/10 purchase of furniture by cheque 120,000 Rwf
07/10 received a cheque from Albert 100,000Rwf
14/10 paid salaries in cash 80,000Rwfrs
20/10 withdrew cash from the bank for business use 80,000Rwf
24/10 sold goods in cash 50,000Rwf
26/10 purchased a machine by cheque 150,000Rwf
30/10 Received credit from UmurengeSacco 300,000Rwf
31/10 withdrew cash from the bank for personal use 20,000Rwf

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Q16. Cyiza is a businessman who has been producing and supplying bread for one year, but
every month he neither declared profits nor losses to Rwanda Revenue Authority. Propose any
five constraints or reasons why his business did not grow. (10marks)

Q17. MrGasana John is a businessman whose business has been registered with Rwanda
Development Board (RDB)
and Rwanda Revenue Authority (RRA) for two years. After gaining the profit he refused to pay
taxes. As a Rwandan citizen, advise MrGasana on the importance of paying tax. /10marks

Q18. Justify the role of Inyange Ltd in Rwandan socio economic development. /10marks

KARONGI DISTRICT on 6
th
DECEMBER2023GISHYITA SECTORE.S BISESEROTEL: 0782364654E-MAIL:
moniyonshu[email protected]
ST
TERM ENTREPRENEURSHIP EXAMINATION FOR S3 ALL … /100 MARKS
SECTION A: ATTEMPT ALL QUESTIONS 55MARKS

1.What do we mean by the following terms: a)


Entrepreneurship b) Entrepreneur c) Personal qualies /10MARKS d) Work e)
I
ndirect
taxes2. A successful entrepreneur is characterized by dierent features. Lis
t ten (10) of them /5MARKS3.Outline the dierences between entrepreneur
and intrapreneur in terms of business
/5MARKS4. By giving typical examples dierenate two types of work. /
2MARKS5.Briey explain major factors that inuence consumpon /
3MARKS6. a) Dene nance /2MARKS b) There are several ways of accessi
ng business nance. which are them /3MARKS7.What is the meaning of: a) i
) Accounng /2MARKS ii) Book-keeping b) What are the dierences between
book-keeping and accounng. /2MARKS c)Menon merits and demerits of ca
sh transacons /2MARKS d) Give at least 4 modes of payment /4MARKS8. a)
Dene budgeng /2MARKS b) Account the importance of budgeng /
4MARKS c) Is planning dier from budgeng? How? /4MARKS9.
Urwibutso enterprise made the following transacons during its rst week
of acvies: / 5MARKS

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24/01/2018: creaon of enterprises by the shareholders, who deposited at


the bank sum of1,000,000rwf.25/01/2018: Purchase on credit of goods from
RUKUNDO FOR 400,000 RWF27/01/2018: The receipt of computer materials
for 500,000rwf payments by cheque28/o1/2018; Sold goods on cash for
860,000rwf, the cost of goods sold 400,000rwf from kenzo.
Required:
a) Records chronologically these transac ons URWIBUTSO’s
journal. b) Post the transacons of journal to the ledger and determine balan
ces of each account.

SECTION B: ATTEMPT ONLY 3 QUESTIONS /45MARKS


1.Why is it important to study entrepreneurship in Rwandan schools?
/15MARKS2 . A ) D e  n e a t a x / 2 M A R K S b) Taxaon /2MARKSc) Wh
at are the principles of good tax systems /4MARKSd) Explain the funcons of
taxes in Rwandan society /7MARKS 3. a) What is the term business by deni
on? /2MARKS b) With vivid examples, describe the factors that can contribu
te to the business growth ands Successful. / 8 MARKS c) Discuss the indicator
s that can play big roles in the business failure. /5MARKS 4. a) What is resour
ces /2MARKS b) Disnguish dierent types of resources by giving examples
/8MARKS c) Discuss the funcons of resources to community and whole coun
try /5MARKS 5. a) Dene standardizaon /3MARKS b) Outline the objecves
of Rwanda standards board / 3MARKS c) Briey, explain the importance of s
tandardizaon /6MARKS d) Account the various types of standards. /3MARKS

Good luck!!

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