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Ent Ship s3 Third Term

This document outlines an entrepreneurship examination for S3 students in Rulindo District, Rusiga Sector, consisting of multiple-choice questions and fill-in-the-blank sections. The exam covers various topics including resources for entrepreneurs, benefits and challenges of entrepreneurship, types of businesses, and basic economic concepts. It assesses students' understanding of entrepreneurship principles and their ability to apply this knowledge in practical scenarios.

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29 views5 pages

Ent Ship s3 Third Term

This document outlines an entrepreneurship examination for S3 students in Rulindo District, Rusiga Sector, consisting of multiple-choice questions and fill-in-the-blank sections. The exam covers various topics including resources for entrepreneurs, benefits and challenges of entrepreneurship, types of businesses, and basic economic concepts. It assesses students' understanding of entrepreneurship principles and their ability to apply this knowledge in practical scenarios.

Uploaded by

urukumbuzifabrice
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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RULINDO DISTRICT

RUSIGA SECTOR MARKS:100


G.S NKANGA DURATION : 3HOURS
ENTREPRENEURSHIP EXAMINATION FOR S3 ALL

1. Which of the following is not a resource used by an entrepreneur in running his or her
business /2MARKS
A. Financial resources B. Spiritual resource C. Human resource D. Physical resources

2.Which of the following statements does not refer to the benefits of being an entrepreneur?
/2MARKS
A. The opportunity to reach one’s full potential. B. Independent decision –marking.
C. The risk of not having job security. D. The opportunity to be one’s own boss.

3.Which one among the following is not a challenge to an entrepreneur? /2MARKS

A. Uncertain income B. Presence of fringe benefits C. Stiff competition


D. High risk of losing the entire investment

4.The following refer to benefits of being an entrepreneur, except. /2MARKS

A. Inflexibility of working schedule B. Increased income C. Being an own boss


D. Imbalanced regional development.

5.While selecting a line of business, an entrepreneur must keep in mind: /2MARKS

A. Location B. Risk involved C. Its profitability D. All the above

6.Which of the following statements is not true about SMART goals? / 2MARKS

i) They are measurable ii) They are achievable iii) They are specific
iv) They are time –barred
7.I want to raise my Entrepreneurship grade to an “A” . This goal is
………………………………………………………………goal ./2MARKS
A. An unattainable B. a specific C. An immeasurable D. Unimaginable.

8.Which one of the following is a long –term goal? /2MARKS


A. Walk 3 days per week for 20 minutes B. Study 2 hours a day
c. Hang out with family and friends twice a month D. Graduate from high school in five years.

9.I will attain an A in Entrepreneurship by the end of the term. This is an examples of
…………………………………………………………………goal. /2MARKS
A. a long-term B. a short-term C. an unrealistic D. impossible
10.The following are reason why people set personal goals, except /2MARKS
i) To make one lazy ii) To provide a sense of purpose iii) to boost an individual ‘s confidence
iv) To encourage one to trust his or her decision
11.One of the following Is not a service. Which one is it? /2MARKS
A. Haircuts B. cup of tea C. Car repair D. Medical check-ups
12. Barriers in economics integration involves. /2MARKS
I. Flow of goods II) flow of service III) Flow of labor IV) All of the above

13. Which of the following is not a characteristic of an entrepreneur? / 2marks

A. Creative B. Lazy C. Risk-taker D. Hardworking

14. A business that is owned by one person is called: /2 marks

A. Partnership b. joint stock company c. sole proprietorship d. cooperative

15. Why do people become entrepreneurs? /2 marks

A. To avoid working B. To serve the community and earn profit


C. To spend time with friends D. To avoid paying taxe

16. A partnership business is owned by: /2 marks

A. One person B. The government C. Two or more people D. A bank

17. Which of the following is a need in business? /2 marks

A. Playing games B. Having capital C. Eating snacks D. Sleeping

18. What is a profit? /2 marks

A. Money lost in business B. Money borrowed from a bank

C. Money paid as a fine D. Money remaining after all costs are paid

19. Which of the following is a basic need /2 mark

A. Car B. Television C. Food D. Smartphone

20. Which one is a service? /2 marks

A. Buying bread B. Haircut C. Making chairs D. Selling banana


21.Match the types of businesses with their characteristics. /5MARKS

COLUMN B COLUMN B

i)Sole proprietorship A. A business owned by two or more people

ii)Partnership B. A business owned by one person

iii)Co-operative C. A business that transforms raw materials into finished

iv) Manufacturing business D. A business formed to serve the interests of its members

v) Service business. E. A business that provides intangible product like skills.

22. Use appropriate words toComplete the following sentences /12MARKS

a) An individual who start and runs a business is called……………………………..

b) A type of business owned and operated by one person is ………………………

c) Money used to start and run a business is called……………………………

d) A detailed plan showing expected income and expenses is …………………….

e) A person who buys goods and services is called……………………….

f) Goods that are bought and paid for late are bought on……………….

Q23.Using the rules of recording various transactions in the table below by using increase or decrease
appropriately /10MARKS

Items debit credit


Assets
Capital
Liabilities
Revenues
Expanses

Q24. FILL the required information in the empty space/7Marks

Prime books Transaction type


All transaction
Sales journal
Cash receipt journal
Returns of goods sold on credit
Purchase journal
Cash payment journal
Returns of goods to the supplier
25. Read the statement of human needs and wants in the table below and state whether they are true
or false /10MARKS

STATEMENT TRUE OR FALSE


1.Acar and mobile phone are primary need
2.food and clothes are secondary needs
3.Aclock and shoes are economic goods
4.Durable goods are goods that lead to use in short period of time to
satisfy the consumers
5.Goods are physical items that you can see and touch
6.plastic bottles and polythene bags are examples of biodegradable
goods
7.mobile phone and Sim card are complementary goods
8.sandals and slipper are example of substitute goods
9.we satisfy the secondary needs before being satisfied the primary
needs
10.wants are secondary needs
26.Using appropriate word to complete the following sentences /5MARKS

a…………………………………..is a process of starting new business

b……………………………………….is a business formed, owned, managed by one person

c……………………………is a business started, owned by a group of people with common purpose

d………………………………IS a person who starts a new business

e……………………………………are people who use their knowledge and skills to provide goods or services

27.the following are process of quality testing arrange them in logical order/6MARKS

a. test report

b. test method

c. reagent and consumable

d. sampling

e. quality and safety control in laboratories

f. equipment and apparatus

HARDWORD IS KEY OF SUCCESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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