{"id":120,"date":"2023-04-01T12:18:53","date_gmt":"2023-04-01T12:18:53","guid":{"rendered":"http:\/\/localhost\/solvefor2\/?p=120"},"modified":"2023-04-01T12:05:56","modified_gmt":"2023-04-01T12:05:56","slug":"uace-entrepreneurship-education-paper-1-mukono-examination-council","status":"publish","type":"post","link":"https:\/\/edu.co.tz\/notes\/uace-entrepreneurship-education-paper-1-mukono-examination-council\/","title":{"rendered":"UACE ENTREPRENEURSHIP EDUCATION Paper 1 &#8211; MUKONO EXAMINATION COUNCIL"},"content":{"rendered":"<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>P230\/1<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>ENTREPRENEURSHIP<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>EDUCATION<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>Paper 1<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>Jul\/Aug 2019<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>3 Hours<br \/>\n<\/strong><\/span><\/p>\n<p><img decoding=\"async\" align=\"left\" src=\"http:\/\/localhost\/solvefor2\/assets\/images\/kev3\/042122_1458_UACEENTREPR1.png\" alt=\"\"\/><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><br \/>\n\t\t\t<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p>\n\u00a0<\/p>\n<p>\n\u00a0<\/p>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>MUKONO EXAMINATION COUNCIL<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>Uganda Advanced Certificate of Education<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>ENTREPRENEURSHIP EDUCATION<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\">Paper 1<br \/>\n<\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>3 Hours<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>INSTRUCTIONS TO CANDIDATES<br \/>\n<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>This paper consists of two sections, section A and B<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Section <strong>A <\/strong>is Compulsory. Answers to this section should be precise and concise<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Answer <strong>Four <\/strong>questions from Section<\/em><strong> B.<br \/>\n<\/strong><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Any additional question(s) answered will <strong>not<\/strong> be marked.<\/em><strong><br \/>\n\t\t\t\t<\/strong><\/span><\/li>\n<li><span style=\"font-family:Calibri Light; font-size:12pt\"><em>Make a grid and show the questions answered in their order.<\/em><strong><br \/>\n\t\t\t\t<\/strong><\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong>SECTION A (20 MARKS)<br \/>\n<\/strong><\/span><\/p>\n<ol>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) (i) Distinguish between an entrepreneur and intrapreneur. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0       <strong><em>(02 marks)<\/em><\/strong><br \/>\n\t\t\t\t<\/span><\/div>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t\t\t<\/em><\/strong>  (ii) Mention any two entrepreneurial management skills. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0       <strong><em>(02 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">b) (i) Define the term record keeping. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0        <strong><em>(01 mark)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t\t\t<\/em><\/strong>(ii) Identify any three aims of maintaining financial records in the business. <strong><em>(03 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">c) (i) What is meant by the term business opportunity? \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0       <strong><em><br \/>\n\t\t\t\t\t\t<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">     (ii) Outline any three factors considered when deciding the type of business to engage<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">             in. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0        <strong><em>(03 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">d) (i) Differentiate between change and theory of change. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      <strong><em> (02 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>   \u00f3 <\/em><\/strong> (ii) Give any two items included in theory of change. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     <strong><em> (02 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">e)  Write down two:<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">\u00a0\u00a0\u00a0\u00a0(i) adverse effects of competition. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     <strong><em>(02 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em><br \/>\n\t\t\t\t\t\t<\/em><\/strong>(ii) ways how firms compete in business. \u00a0\u00a0\u00a0\u00a0                                                            (2 marks)<br \/>\n<\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">                                                        SECTION B\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0      <strong><em><br \/>\n\t\t\t\t\t\t<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) Why may newspaper be preferred to Radio as a form of advertising media? <strong><em>(10 marks)<\/em><\/strong><br \/>\n\t\t\t\t<\/span><\/div>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">b) When may an entrepreneur carryout sales promotions in business? \u00a0\u00a0\u00a0\u00a0      <strong><em>(10 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) Explain the tools used in inventory and stores management. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     <strong><em>(12 marks)<\/em><\/strong><br \/>\n\t\t\t\t<\/span><\/div>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">b) Of what relevance is inventory management in business?    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    <strong><em>(08 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) Discuss the various sources of employee recruitment. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   <strong><em>(08 marks)<\/em><\/strong><br \/>\n\t\t\t\t<\/span><\/div>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">b) Account for wage variation among workers in business. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   <strong><em>(12 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) Explain the procedures involved in preparation of a plan for starting up a business.<br \/>\n<\/span><\/div>\n<p style=\"margin-left: 360pt\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>  (06 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<\/li>\n<\/ol>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">       b) Describe the structure of an executive summary of a business plan.\u00a0\u00a0\u00a0\u00a0  <strong><em>(14 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<ol>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) Examine the role of taxation in development of your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(10 marks)<\/em><\/strong><br \/>\n\t\t\t\t<\/span><\/div>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">b) Explain the essentials of a good tax system. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0  \u00a0\u00a0\u00a0\u00a0<strong><em>(10 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Calibri Light; font-size:12pt\">a) Describe the different players in Uganda&#8217;s capital markets. \u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0<strong><em>(10 marks)<\/em><\/strong><br \/>\n\t\t\t\t<\/span><\/div>\n<p><span style=\"font-family:Calibri Light; font-size:12pt\">b) Discuss the challenges facing Uganda securities exchange. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong><em>(10 marks)<br \/>\n<\/em><\/strong><\/span><\/p>\n<\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<ul>\n<li>\n<div style=\"text-align: center\"><span style=\"font-family:Calibri Light; font-size:12pt\"><strong><em>End  &#8211;<br \/>\n<\/em><\/strong><\/span><\/div>\n<\/li>\n<\/ul>\n<p style=\"text-align: center\">\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Calibri Light; 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