1. In relation to your School Entrepreneurship Club Business Project:

a) give the general description of the project

b) with an illustration, describe the organizational chart of the project.

c) what competitive strategies were used in the business?

d) how did your business dispose of waste materials?

 

2.Read the case study below and answer the questions that follow:

Mwajuma is a food vendor operating a restaurant at a strategic location. She serves tea and traditional foods. She employs a cook, a cleaner and a waitress. The restaurant has a television set and provides newspapers for the customers.

Mwajuma works from 5.00am up to midnight every day. She works as a cashier, purchases all business items, records and maintains books of accounts and banks daily cash collections. She timely pays her workers a fair wage and involves them in decision making for the business.

At the end of 2017, Mwajuma’s net sales were 15,500,000, cost of sales was Shs 1,025,000, total expenses were Shs 4,500,000 and income from other sources were Shs 70,000. Mwajuma is also tax compliant. Due to the increasing demand, Mwajuma plans to expand her business by engaging in outside catering. This idea has been supported by her workers.

a) Identify Mwajuma’s entrepreneurial qualities.

b) How does Mwajuma motivate her employees?

c) Determine Mwajuma’s

i) Gross profit margin

ii) Net profit

d) What financial management skills does Mwajuma practice?

e) Advise Mwajuma on how she can successfully operate her outside catering business.

 

3. With reference to a business project owned and operated by your School Entrepreneurship Business Club:

a) describe the business project

b) explain the marketing strategies that were used in the business project

c) describe the internal control systems you used in the operation of the business project.

d) i) what operational costs were incurred by the business?

ii) how did you minimize the production costs in the business?

 

4. For any one field trip you made as an individual or group:

a) i) state any three objectives of the field trip

ii) give the general description of the business you visited.

b) explain the effects of the business on the environment.

c) describe the policies used by the business to improve the welfare of its employees

d) how does the business minimize production costs?

 

5. For any one business enterprise that you were attached to:

a) i) state the vision of the business

ii) describe the business you visited.

b) how does the entrepreneur ensure safety of handling and storage of products of the business?

c) describe the various books of accounts used in the business

d) based on SWOT analysis, what are the threats to the business?