PRIME INSTITUTE OF BUSINESS AND HEALTH SCIENCES
EXAMINATION BOARD.
PRE- UAHEB EXAMINATION
Programme : Certificate in Pharmacy
Course Code : CPHA 2205
Course Name : Entrepreneurship
Time : 9:00-12:00
Date : 9th OCT 2024
INSTRUCTIONS TO THE CANDIDATES:
1. Read instructions carefully
2. Mobile phones even when switched off are prohibited in an
examination room
3. Write your index number only on all pages of your answer booklets
4. Do not write on the question paper and examination card.
5. Write all your answers in the booklet provided
SECTION A
1. This P is not a part of the 7Ps of marketing mix?
a. Promotion
b. Price
c. People
d. Purpose
2. Direct taxes are:
a. Proportional
b. Regressive
c. Digressive
d. Progressive
3. What is the component of business plan?
a. Market strategy
b. Sales strategy
c. Executive strategy
d. All of the above
4. What is the partnership written agreement known as?:
a. Partnership contract
b. Agreement
c. Partnership deed
d. Partnership Act
5. A good, service or idea that offers of tangiable or intangiable attributes
to satisfy a custmer is known as:
a. Product
b. Price
c. Physical distribution
d. Promotion
6. Tax is a…………………………………………………..payment.
a. Optional
b. Compulsory
c. Open
d. Elective
7. The reward for entrepreneur is?
a. Salary
b. wage
c. Interest
d. None of the above
8. The willingness to face losses arising from uncertainties from the field of
business is bravely called?
a. Risk bearing
b. Loss
c. Uncertainty
d. Certainty
9. Which of the following statements is correct?
a. Marketing is the term used to refer only to the sales function within a
firm
b. Marketing managers usually don't get involved in production or
distribution decisions
c. Marketing is an activity that considers only the needs of the
organization, not the needs of society as a whole
d. Marketing is the activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings that
have value for customers, clients, partners, and society at large
10. When companies make marketing decisions by considering
consumers' wants and the long-run interests of the company, consumer,
and the general population, they are practicing which of the following
principles?
a. Innovative marketing
b. Consumer-oriented marketing
c. Value marketing
d. Societal marketing
11. In absence of a partnership agreement, what will be the percentage
of profit sharing ratio between the partners?
a. Unequal
b. Equal
c. It will depend on the experience of a partner
d. It will depend on a partner’s capital
12. Which of the following are part of the recording process?
a. Analyzing transactions
b. Entering Transactions in a journal
c. Posting journal entries
d. All of the above
13. Which of the following statement about an account is true?
a. The right side of an account is the debit or increase side.
b. An account is an individual accounting record of increases and
decreases in specific assets, liability, and stockholder’s equity items.
c. There are separate accounts for specific assets and liabilities but only
one account for stockholders’ equity items.
d. The left side of an account is the credit, or decrease, side.
14. Which among these is a money manager who is involved in making
risk investments from equity capital with the objective of gaining better
returns?
a. Entrepreneur
b. Businessperson
c. Buyer
d. Venture capitalist
15. Which of these is the first activity of a new business?
a. Departure point
b. Goal Orientation
c. Business skill development
d. None of the above
16. Who should be involved in preparing a firm’s business plan?
a. Accountant
b. Engineer
c. Entrepreneur
d. None of the above
17. Which is not a feature of a partnership business?
a. Ease of formation
b. Limited liability
c. Limited life
d. Mutual agency
18. Which among the following is incorrect?
a. Procuring entity shall ensure that the successful bid is reasonable and
consistent with the quality required
b. same set of rules is required to be made for different categories of
procuring entities
c. procuring entity to evolve mechanisms for corrupt practices
d. none of the above
19. The right side of a t-account is
a. the balance of an account.
b. the debit sides.
c. the credit sides.
d. blank.
20. What is the primary purpose of a business plan?
a. To secure funding from investors
b. To outline the company's goals and strategies
c. To comply with legal requirements
d. To attract potential employees
SECTION B Attempt All Question from This Section
Question 21
a. Define the term tax [2 Marks]
b. Mention Six sources of revenue in Uganda [6 Marks]
c. Explain any two forms of direct taxes [2 Marks]
Question 22
a. Define partnership? [2marks]
b. Mention four advantages and disadvantages of partnership business in
Uganda [4 Marks]
c. Explain Four advantages of marketing survey [4marks]
SECTION C Attempt Three Questions from This Section
Question 23
a. Examine Ten roles of an entrepreneur in national economic
development (10 Marks)
b. Describe major barriers that may arise while starting or running a new
pharmaceutical business in Uganda (5 Marks)
c. Explain various qualities of a good entrepreneur (5 marks)
Question 24
a. Define the term price. (2 Marks)
b. Explain various methods of determining price of a product. (6 Marks)
c. Explain various factors considered while determining price of a
product. (6 marks)
d. Define the market segmentation and its basis. (6 Marks)
Question 25
a. Define public procurement process and briefly Explain the stages
involved (10 Marks)
b. Describe various procurement documents (6 Marks)
c. Explain four differences between public sector procurement and
private sector procurement (4 Marks)
Question 26
a. Describe various types of source documents used in pharmaceutical
business in Uganda (5 Marks)
b. Define the term cashbook, explain various types of cash books (5
Marks)
c. The following information relates the books of prime institute for the
year ended January 2024
1. Jan 1st Cash in hand 100,000
2. Cash at bank 850,000
3. Jan 5th Received cheque from kyomugisha 150,000
4. Jan 7th Cash purchases 50,000
5. Jan 10th Cash sales 195,000
6. Jan 11th Paid Juma by cheque 200,000
7. Jan 15th Bought office equipment by cheque 240,000
8. Jan 18th Cash sales paid directly into the bank 105,000
9. Jan 20th Paid rent by cheque 180,000
10. Jan 23rd Paid wages in cash 130,000
11. Jan 26th Bought stationary for office use with cash 35,000
12. Jan 29th Received payments by cheque from Walakira 300,000
13. Jan 30th Paid Musinguzi & sons traders Ltd by cheque 190,000
Required: Record the above transactions in a single Column cash book.
(10 Marks)
END
