QUESTION 1 Match the description in Column A with the correct word/ words in Column B. write only the correct letter next to the number on your answer sheet. (10 Marks) Column A Column B 1. Making decision about the future, A. Advertising 2. Communicating with consumers through the media(TV, B. Leading newspaper, radio) 3. A specific group of people with certain characteristics at which an entrepreneur aims to sell products or services. 4. Motivate workers to do the best they can. C. Planning D. Strike 5. When workers refuse to work or withhold their labour. E. Target market Question 2 Indicate if the following statements are True or False. Write only the correct answer on

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section: Chapter Questions
Problem 4AA
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INSTRUCTIONS:
Write your name and surname on your answer sheet.
Answer all questions on your answer sheet.
Write neatly and legibly. (easy to read)
PAPER 2: THE ECONOMY AND ENTREPRENEURSHIP
SECTION A
QUESTION 1
Match the description in Column A with the correct word/ words in Column B. write
only the correct letter next to the number on your answer sheet.
(10 Marks)
Column A
Column B
1. Making decision about the future.
A. Advertising
2. Communicating with consumers through the media(TV,
newspaper, radio)
3. A specific group of people with certain characteristics at
which an entrepreneur aims to sell products or services.
4. Motivate workers to do the best they can.
B. Leading
C. Planning
D. Strike
5. When workers refuse to work or withhold their labour.
E. Target market
Question 2
Indicate if the following statements are True or False. Write only the correct answer on
(7 Marks)
the answer sheet:
1. Decrease of income tax is opportunity.
2. Increase in the fuel price is a threat.
3. A new shop opened in the same street, selling the same products is strength.
4. A new school has been built opposite the tuck shop is a weakness.
5. Insufficient capital and equipment is a weakness.
6. One example of business function is Human resources function.
7. Public relation is about building good relationship between a business and the public.
Choose the correct word between brackets to make the following statement true.
(7 Marks)
Question 3
1. Debtors are (Assets/Liabilities/ Owner's equity) of a business.
2. Creditors are (Assets/ Liabilities/ Owner's equity) of a business.
3. Individual account of a debtor is recorded in the (Debtors Journal/ Debtors Ledger/
General Ledger).
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nork ard GmO
Transcribed Image Text:INSTRUCTIONS: Write your name and surname on your answer sheet. Answer all questions on your answer sheet. Write neatly and legibly. (easy to read) PAPER 2: THE ECONOMY AND ENTREPRENEURSHIP SECTION A QUESTION 1 Match the description in Column A with the correct word/ words in Column B. write only the correct letter next to the number on your answer sheet. (10 Marks) Column A Column B 1. Making decision about the future. A. Advertising 2. Communicating with consumers through the media(TV, newspaper, radio) 3. A specific group of people with certain characteristics at which an entrepreneur aims to sell products or services. 4. Motivate workers to do the best they can. B. Leading C. Planning D. Strike 5. When workers refuse to work or withhold their labour. E. Target market Question 2 Indicate if the following statements are True or False. Write only the correct answer on (7 Marks) the answer sheet: 1. Decrease of income tax is opportunity. 2. Increase in the fuel price is a threat. 3. A new shop opened in the same street, selling the same products is strength. 4. A new school has been built opposite the tuck shop is a weakness. 5. Insufficient capital and equipment is a weakness. 6. One example of business function is Human resources function. 7. Public relation is about building good relationship between a business and the public. Choose the correct word between brackets to make the following statement true. (7 Marks) Question 3 1. Debtors are (Assets/Liabilities/ Owner's equity) of a business. 2. Creditors are (Assets/ Liabilities/ Owner's equity) of a business. 3. Individual account of a debtor is recorded in the (Debtors Journal/ Debtors Ledger/ General Ledger). A commun0107 ng ing nork ard GmO
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