KYAMBOGO UNIVERSITY ™ FACULTY OF EDUCATION he DEPARTMENT OF TEACHER EDUCATION AND DEVELOPMENT STUDIES ! 1 DIPLOMA/DEGREES PROGRAMMES IN FACULTIES OF : ' EDUCATION, ENGINEERING ' YEAR II SEMESTER I EXAMINATIONS 2010/2011 HM 211/311: ENTREPRENEURSHIP SKILLS DATE: Saturday 4" December 2010 TIME: 8.00a.m- 11.00a.m. INSTRUCTIONS: (i) The ‘Paper consists of two Section : A and B (ii) Answer Any two questions from each section i (iii) Answer each question on a Fresh page i (iv) _ Each question carries 25 marks. ne SECTION A: ENTREPRENEURSHIP | |. “Spotting the Window of opportunity involve scanning the environment”. (a) Examine the methods an Entrepreneur can use to sport business, (J marks) & rhe ES Se : opportunities eau Dame! | { 1 megs Ue lee ® (b) A good business idea iF escbatal 16F doneeestul business venture i (i) What is a business idea and (05 marks) (ii) How can you assess if the idea is promising. (10 marks) 2. Entrepreneurship is the process of creating something new with value (25 marks) | by devoting the necessary time and effort assuming the risks and getting, rewards of monetary and personal satisfaction and independence Explain the four basic aspects in the above statement that stresses the i aspects of being an Entrepreneur. 3. Explain the following terms as applied in Entrepreneurship Skill (25 marks, ; Development Studies i (i) Creativity and innovation (5 marks) + (i) Financial pressures i OS mks) Gil) Shorter product life cycle (5 marks) (iv) Franchising, (5 marks) + {v) Business Vision (5 marks) rrecasoenle aA AL -4 Enterprise ¢reation and development is now recognized as a primary (peraire to future economic growth in undeveloped countries like Uganda. Explain the role of Entrepreneurship in Enterprise Development in Uganda? 5 (a) __Disguss why the Executive Summary of a business plan is important. (b) What features of the plan should be written in the Executive summary. @) Discuss the usefulness of having a website for your business. (25 marks, (10 marks; (10 marks) (05 marks) SECTION B: ACCOUNTING & HUMAN RESOURCE MANAGEMENT 6 (a) Whatis the Importance of Accounting Information (b) The following transactions were extracted from the books of Kyambogo Estates Department in the month of October 2010. 1/10/2010 Issued capital in cash 12,000,000= 2/10/2010 Bought furniture for business use at 1,800,000 4/10/2010 Bought stock by cheque 1,400,000= 6/10/2010 Sold stock at 650,000= cash 14/10/2010 Bought a vehicle at 6,000,000 in cash 16/10/2010 — Bought more stock at 300,000= on credit 22/10/2010 Sold some furniture in cash 400,000= 26/10/2010 Paid wages by cheque 2,000,000= 30/10/2010 Paid half the advance of stock purchased on 16/10/2010 Required: (i) Prepare Kyambogo University Estate Department General Journal. Gi) Open relevant ledger accounts and balance them, . 7. (af Discuss the importance of Taxation in Uganda @ Wages and Salaries Gi) Incentives and Employee benefits 8. (a) With examples briefly explain the following terms in Human Resource Management (i) Recruitment ii) Selection (ii) Budgeting NY Viflerertsecte bh? (10 marks) (7 marks) (8 marks) (5 marks) (05 marks) (05 marks) (15 marks) Sub be(iy) | Motivation (vy) | Job Description (b) Discuss'the Internal and External sources of recruitment in an . Enterprise. | ’ . ss Asa Human Resource Manager of NONI Group of Companies, You are concerned with duty to develop and Appraise Employees. (a) Design strategies for employees development , 5 i (b) How will NONI Group of Companies benefit from annual performance Appraisal of her Employees? ! END Pear yy ‘ hae (10 marks) (10 marks) (15 marks)| KYAMBOGO UNIVERSITY FACULTY OF EDUCATION DEPARTMENT OF TEACHER EDUCATION AND DEVELOPMENT STUDIES HUMAN RESOURCE DEVELOPMENT SECTION BACHELOR OF ENGINEERING, EDUCATION, SCIENCE AND VOCATIONAL DEGREE AND DIPLOMA YEAR Il, I & Iv SEMESTER | EXAMINATIONS 2008/2009 AM 211/311 ENTREPRENEURSHIP SKILLS DATE: 24/01/2009 TIME: 8.00 a.m. + 11.00 a.m. INSTRUCTIONS: This paper consiss of 84 All questions carry equal marks. t 1. Entrepreneurship isthe crucial way to eli a) te poverty in Uganda. & prospective entrepreneur explain the type of challenges you are likely to face. 5) Identify possible business opportunities you could draw from those challenges mentioned in (1a) above that you could turn,into business enterprises, | 2 a) Successful entrepreneurs have certain behavioural characteistcs, (Explain any three major characteristics, | ® (Describe any four of your personal strengtWabilities that ‘You will bring to your type of business, ©) Explain what could push or pull you into entrepreneurship, 3, With examples explain the basic elements of the entrepreneurial process, . i 4. Write short notes on any five ofthe following: (i) Market Research Gi) Business plan Gil) Business planning «. GY) Cooperative societies (¥) Sole proprietorship (vi) Private Limited Company (vil) Public Limited Company \ (viii) Partnership 5 }) Define the term motivation. : > Advise a friend who owns a sowing and expanding business on the various motivation strategies he can develop to motivate his 1 juestions. Answer only four questions. (1Omarks) (1Smarks) (09marks) (O8marks) (08marks) (25marks) (OSmarks) (O5marks) (O5marks) (OSmarks) (O5marks) (OSmarks) (OSmarks) (O5marks) (O5marks}°) 6 a) > 8 @ Xa ® b) employees, (10marks) Company XBI Ltd intends to carry out'job analysis for all its employees. Explain the relevance of Job analysis to management and employees. (1Omarks Explain the merits and demerits of internal sources of recruitment. (O6marks) Asa Manager of Okole Fish Farm and Research, what strategies would you follow for your employees development? (09marks) Why would management in government or private Organizations yyy iamart carry out performance appraisal of their employee? ape ipey_(1Omarks) () With examples differentiate belweén direct tax ahd indirect tax? (0Smarks) (ii) Explain any five principles of a good tax system. (0Smarks) Gii) Discuss the importance of taxation. (O7marks) Describe the various sources of finance available to business in Sheen Tee fects Uganda, see Tan ff mB (O8marks) Sigg oe Discuss the Importance of keeping proper books of accounts in a business. (10marks) The following transactions gigom the records of BTC limited: (1/12/2008 Issued capita of 5,000,000 in EK (i)_-2/12/2008 Purchased M&chinery worth 540,000 where 40% was by cashi’and 60% was on red. quest Git) 4/12/2008 Purchased office fumiiure at 450,000 by Gash (iv) 10/12/2008 Sold part of the mney at 230,600 to be collected in 2 weeks. = (v) © 13/12/2008 Brought more machinery worth 300,000 cash. (vi) 20/12/2008 Received half payment in e438 on the Machinery. eal (vii) 20/12/2008 Sold more mah ner yt. 665,000 cash. (viii) 30/12/2008 The balance 324,000 on he machinery was Paid in cash. Requires (i) Prepare a general journal for BTC Limited . (07marks) i) Prepare the relevant ledger account and balance them off. (08marks)AY . Nw a KYAMBOGO UNIVERSITY FACULTIES OF; EDUCATION, ENGINEERING, SCIENCE, DEPARTMENT OF HOME ECONOMICS. YEARS; II, II], IV. SEMESTER | EXAMINATIONS 2006/2007 HM211/311; ENTREPRENEURSHIP SKILLS , DATE: 09/12/2006 TIME: 8.00 a.m. - 11.00 a.m. INSTRUCTIONS: L There are three sections A, Band C. Attempt only FOUR Questions. 3. All questions carry equal marks, SECTION A; ENTREPRENEURSHIP ("An Entrepreneur is an achievement orien! ed person who bears the risk of operating a business” Die ple a) With reference to the above statement vty an entrepreneur is a risk taker. (OSmarks) . — : b) Discuss the motivational factors that attract him/her to do a business. (10marks) c) Describe the major barriers that hinder the beginning of entrepreneurship in Uganda. (10 marks) 2.a) distinguish between small business and medium or large business (Smarks) ) Discuss the role and importance of small business in Uganda, (20marks). 3.Astudy done by Dun and Branstreet concluded that most business thal fail do so within the first five years of existence. The longer a business is in existence, the greater the chance for it to survive. Discuss the reasons why most businesses fail within the first five years. SECTION B: FINANCIAL ACCOUNTING 4.a) what is the difference between financial accounting and cost accounting? b) P. Bamwine set up a new business. Before he sells anything, he has bought a motor vehicle at 2,000,000ush, premise 5,000,000ush;stock of 1,000,000ush. He did not pay for the stock in full and still owesd00, O00ush for them, He had borrowed 3,000.000ush from Ben okello. ARer the event described and before the trading starts, he has shs100, 900.cash in hand and 709,000ush cash at bank. You are required to calculate his capital @) Ben Musoke has set up a business dealing in second hand cloth. The following are the first month of transaction: