Smacon Entrepreneurship Question A Level Seminar Items 2024

1 SMACON ENTREPRENEURSHIP A ’LEVEL SEMINAR QUESTIONS 2024 ENTREPRENEURSHIP P230/1 SECTION A 1. (a) (i) Define the term achievement motivation . (ii) Outline the characteristics of people with strong need for achievement. (b) (i) Menti on the factors that necessitate good relationship between family and business. (ii) Give the challenges associated with family business in Uganda. (c) (i) Define the term appropriate technology . (ii) What are th e basic features of appropriate technology. (d) (i) Distinguish between credit transactions and cash transactions . (ii) Outline the instances under which entrepreneur may sale goods on credit. (e) The following infor mation relates to Karl Marx general traders for year ended 31st December 2023 . Sales for the year Shs. 32,000,000 Gross profit for year Shs. 15,000,000 complete (i) Costs of sales for the year (ii) Mark up and interpret your answer. (iii) Outline the rat ionale of computing and interpreting financial ratios in business SECTION B 2. (a) Justify the need for innovation in small and medium enterprises. (b) why is innovation not successful among small and medium enterprises. 3. (a) Examine the g lobal factors that limit cross boarder business transactions. (b) Explain the merits of globalisation to the development of entrepreneurship in Uganda. 2 4. (a) Discuss the communit y development threats to give r ise to social entrepreneur ship. (b) Explain the procedure followed by social entrepreneurs in developing their visionary approach. 5. (a) Explain the factors that determine the implementation of the planned business activities. (b) Discuss the significance of financial planning to an entrepreneur. 6. (a) Analyse the implication s of training in business. (b) Describe the steps followed when conducting training in business. 7. (a) Account for increased investment in collective investment schemes in Ug anda. (b) What challenges can be encountered in investing …