RWAMAGANA DISTRICT
NZIGE SECTOR MARKS:100
G.S AKANZU DURATION:3HOURS
ENTREPRENEURSHIP EXAMINATION FOR S3 ALL
1. Which of the following is not a resource used by an entrepreneurs in running his or her
business /2 marks
A. Financial resources B.Spiritual resources
C. Human resources D.Physical resources
2.Which of the following statements does not refer to the benefits of being an entrepreneur? /1
mark
A.The opportunity to reach one’s full potential. B. Independentbdecision –marking.
C.The risk of not having job security. D. The opportunity to be one’s own boss.
3.An entrepreneur has the opportunity to choose the location of his or her business. True or
False /1 mark
4.Which one among the following is not a challenge to an entrepreneur? /1 mark
A. Uncertain income B. Presence of fringe benefits C. Stiff competition
D. High risk of loosing the entire investment
5.The following refer to benefits of being an entrepreneur, except. /2 marks
A. Inflexibility of working schedule B. Increased income C. Being an own
boss D. Imbalanced regional development.
6.While selecting a line of business ,an entrepreneur must keep in mind: /2 marks
A. Location B. Risk involved C. Its profitability D. All the above
7.Which of the following statements is not true about SMART goals? / 2 marks
i) They are measurable ii) They are achievable iii) They are specific
iv) They are time –barred
8.I want to raise my Entrepreneurship grade to an “ A” . This goal is
………………………………………………………………..goal . / 2 marks
A. An unattainable B. a specific C. An
immeasurable D. An unimaginable.
9.Which one of the following is a long –term goal? / 2 marks
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.
10.I will attain an A in Entrepreneurship by the end of the term. This is an examples of
…………………………………………………………………gaol./ 2 marks
A. a long term B. a short term C. an unrealistic D. an impossible
11.The following are reason why people set personal goals, except /2 mark
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
12. A priority is an action or intention that takes precedence. True or False. /1 mark
13.One of the following is not a service. Which one is it? /1 marks
A. Haircuts B. cup of tea
C.Car repair D.Medical check-ups
14. Barriers in economics integration involves. /2 marks
I) Flow of goods II) flow of service III) Flow of labour
IV) All of the above
15. . Who is an entrepreneur? /2 marks
A. A person who works in a company
B. A person who starts and manages a business
C. A person who spends money carelessly
D. A person who works in a government office
16. Which of the following is not a characteristic of an entrepreneur? / 2marks
A. Creative B. Lazy C. Risk-taker D. Hardworking
17. Which of these is an example of a service business? /2 marks
A. Selling clothes B. Hairdressing C. Farming D. Making brick
18. What is capital in business? /2 marks
A. A place where people work
B. Tools and raw materials
C. Money and assets used to start or run a business
D. The country’s capital city
19. Which of these is a source of business ideas? /2 marks
A. Watching television only B. Talking to customers
C. Sleeping all day D. Ignoring problem
20. A business that is owned by one person is called: /2 marks
A. Partnership B. Public company C. Sole proprietorship D. Co-operative
21. 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
22. A partnership business is owned by: /2 marks
A. One person B. The government C. Two or more people D. A bank
23. Which of the following is a need in business? /2 marks
A. Playing games B. Having capital C. Eating snacks D. Sleeping
24. 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
25. What is entrepreneurship? /2marks
A. Playing games at school
B. Farming for food only
C. Starting and managing a business
D. Working in government only
26. Which of the following is a basic need /2 marks
A. Car B. Television C. Food D. Smartph
27. Which one is a service? /2 marks
A. Buying bread B. Haircut C. Making chairs D. Selling banana
28. Goods are things that can be: /2 marks
A. Seen and touched B. Only smelled
C. Hidden forever D. Invisible
29. A person who starts a business is called: / 2 marks
A. Customer B. Entrepreneur C. Teacher D. Supplier
30. Which of the following is a want but not a need? /2 marks
A. Clean water B. Shelter C. Clothes D. Video games
31. What is the main reason people work? /2 marks
A. To waste time B. To get money for their needs
C. To enjoy free food D. To avoid school
32. Farming, fishing, and mining are types of: /2 marks
A. Entertainment B. Primary work C. Secondary work D. Office jobs
33. An entrepreneur is best described as: /2 marks
A. Someone who avoids risks
B. A person who manages someone else's business
C. A person who starts and runs a business to make profit
D. An employee in a large company
34.Match the types of businesses with their characteristics. /5 marks
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.
35. What is production in entrepreneurship? /2 marks
A. The act of destroying goods
B. The act of buying finished goods
C. The process of creating goods and services
D. The process of using up capital
36. Which of the following is a natural resource used in business? /2 marks
A. Money B. Soil C. Machines D. Buildings
37. A person who consumes goods and services is called: /2 marks
A. A producer B. A manager C. A consumer D. A supplier
38. Which of these is an example of primary production? /2 marks
A. Teaching in a school B. Making clothes
C. Harvesting crops D. Selling in a shop
39. What is a service? /2marks
A. physical product B. Something you can touch
C. An activity provided to satisfy needs D. A type of capital
40. What is entrepreneurial skill? /2 marks
A. The ability to sleep during work B. The ability to fight customers
C. The ability to run a business effectively D. The ability to avoid taxes
41. Which of the following is not a type of capital? /2 marks
A. Financial capital B. Human capital
C. Agricultural capital D. Physical capital
42. A co-operative is a business that: /2 marks
A. Is run by one person B. Is owned by the government
C. Is owned by members who share benefits D. Is owned by foreigners
43. Which factor is not necessary for production? / 2marks
A. Land B. Labour C. Gossip D. Capital
44 Which of the following is an ethical behavior in business? /2 marks
A. Selling fake products B. Lying to customers
C. Giving correct change to a buyer D. Using harmful chemical
45. A business shows respect when it: /2 marks
A. Shouts at customers B. Listens to employees’ ideas
C. Pollutes the environment D. Ignores customer complain
46. One result of unethical behavior is: /2 marks
A. Increased trust B. Business success
C. Loss of customers D. More investors
47. Paying workers fair wages is an example of: /2 marks
A. Disrespect B. Honesty
C. Accountability D. Ethical business behavior
48. Complete the word questions / 5marks
a) An individual who start and runs a business is called……………………………..
b) A types 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……………….
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