HOLIDAY PACKAGE TERM 1 2024
S.4 ENTREPRENEURESHIP EDUCATION P845/2
INSTRUCTIONS:
It has got three sections that is A , B and C.
Section A is compulsory and section B
All questions.
Submit at the beginning of term 2
SECTION A case study (20mrks)
Read the case study below carefully and answer the questions that follow.
Many traders in Kanyeganyegye town Masheruka are dealing in house hold goods
regularly bought by the customers. But many customers are complaining of being over
changed. This made Uganda National bureau of standards to come out and caution the
business owners against such practices.
Peter and James who are close friends from the same school have been observing such
practices with concern. They started saving part of their pocket money and by the time
they reached senior four, they had saved Shs. 400,000 and received Shs. 1000,000 as a
donation from area member of parliament. During their vocation, they planned to apply
their entrepreneurship skills and started a retail business in the area Kabutsye.
TASK
From the information in the case study above give reasons why peter and James choose
to start a retail business than any other business. (05mrks)
Given the savings of peter and James plus the cash they received from the area
member of parliament prepare working capital budget. (10mrks)
Prepare a sign post for better and James retail business.(05mrks)
SECTION B 20 MRKS
Attempt two questions questions from this section
After identifying a good business idea promise an entrepreneur in Ishaka town is
thinking of starting town is thinking of starting a grocery business. Suggest any five
advantages of saving before business startup process.
(05mrks)
In your community there are many businesses that are not insured. In write up, explain
the principles of insurance. (05mrks)
Kembabazi Justine an entrepreneur is Kabwehe buys her goods from Kampala in bulk,
she normally moves with large sums of money to pay her supplies yet she has an
account in the stanbic bank. She has been advised that she can make payments to her
suppliers while in Kabwehe. Advise her on how she can use modern technology in
banking payments to her suppliers.
(05mrks)
Tr. Darius started his business of chapatti in Luweero town but does not keep records
for his business. Help him to identify the dive books of accounts he can use to his
business records. (05mrks)
SECTION C (60MRKS)
Attempt three questions from this section.
On 1st June 2022 Kamwekamwe started a hard ware business with Uganda Shs. 900,000
in cash. He has no knowledge of book keeping and accounting. He carried out the
following transactions during the month of June.
JUNE SHS
2nd Banked cash 320,000
3rd purchased goods from resale by cash 500,000
5th paid office rent by cheque 200,000
10th sold goods and received a cheque 3550,000
15th Bought goods and paid cash 350,000
20th Bought office furniture by cheque 300,000
22nd Sold goods and received cash 450,000
25th Paid salaries by cheque 250,000
27th Withdrew cash from the business for personal use. 150,000
30th Cash sales 400,000
TASK
Kamwekamwe has asked you to prepare the following.
A two column cash book and balance it. (15mrks)
Ledger account to complete double entry. (05mrks)
Many business people in Mitooma District are not paying taxes to Uganda Revenue
Authority. (URA) for a long time.
As a student of Entrepreneurship Education, URA has asked you to write an Article in the
new vision on the following.
Reasons why business people should pay taxes. (10mrks)
The rights of a tax payer in Uganda. (05mrks)
Lwere David is a supplier of the main opposition party in Uganda known as FDC .He
totally fades up of paying taxes to the government of NRM he does not support.
Advise Lwere David on the benefits of government revenue. (10mrks)
A part from taxes, explain Lwere David other five sources of revenue to the government.
(10mrks)
Business in Uganda prefers receiving cash payments further goods and services.
An Entreprenuer student write a speech to the traders of Makindye division Educating
them about any five benefits and challenges of using cheques for making payments.
(10mrks)
Explain any five roles of commercial banks in the economic development of your
country. (10mrks)
You will realize that business do not develop result of exploitation of customers or using
un ethical practical to achieve self interest such as selling underweight products. Expired
goods, poor quality goods, use of wrong ingredients among others.
As a student of Entrepreneurship Education the business owner on the key principles of
business ethics. (10mrks)
Explain the benefits of doing business ethically. (10mrks)
Mr. SSonko Ivan wants to borrow money Centenary bank to widen his business dealing
in making liquid soap. However the business is not registered and the bank cannot trust
him with money.
Besides acquiring loan from bank, explain other sources through which Kapere can use
to finance his business.
Explain any four Limitations to formulae a business.
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