LUKALU SECONDARY SCHOOL

S.2 END OF TERM III ENTREPRENEURSHIP EDUCATION EXAMINATION 2019

Time: 1 ½ hours
Answer all questions
1. A person who has the ability to spot and evaluate business opportunities, gather the necessary
resources, start a business and takes appropriate actions to ensure its success is called an
………..
2. A style of leadership that puts emphasis on the welfare development of the workers and involves
the participation of the people and consultation is known as ……………………
3. A risk that can be forecasted, calculated and managed by the entrepreneur is called……………..
4. Any productive activity that results into something useful is called ……………………………..
5. The widely held but false beliefs or ideas about certain things is called ………………………….
6. The work a person does over a period of years is called ………………………………………….
7. The failure to obtain a job at a ruling wage rate despite one’s willingness and ability to work is
called ………………………
8. The realization or achievement of a pre-determined set of objectives or goals is
called……………………………..
9. What one earns from engaging in any legal gainful (economic) undertaking is called ……………
10. Businesses in Uganda whose operations involve the production and selling of agricultural
products for profit are called …………………………………….
11. The size of business is determined basing on four factors which include:-
12. State at least five principles of co-operatives
13. Give seven types of resources that a manager will be responsible for in the management of
resources
Good luck and happy New Year

LUKALU SECONDARY SCHOOL

S.2 END OF TERM III ENTREPRENEURSHIP EDUCATION EXAMINATION 2019
Time: 1 ½ hours
Answer all questions
1. A person who has the ability to spot and evaluate business opportunities, gather the necessary
resources, start a business and takes appropriate actions to ensure its success is called an
………..
2. A style of leadership that puts emphasis on the welfare development of the workers and involves
the participation of the people and consultation is known as ……………………
3. A risk that can be forecasted, calculated and managed by the entrepreneur is called……………..
4. Any productive activity that results into something useful is called ……………………………..
5. The widely held but false beliefs or ideas about certain things is called ………………………….
6. The work a person does over a period of years is called ………………………………………….
7. The failure to obtain a job at a ruling wage rate despite one’s willingness and ability to work is
called ………………………
8. The realization or achievement of a pre-determined set of objectives or goals is
called……………………………..
9. What one earns from engaging in any legal gainful (economic) undertaking is called ……………
10. Businesses in Uganda whose operations involve the production and selling of agricultural
products for profit are called …………………………………….
11. The size of business is determined basing on four factors which include:-
12. State at least five principles of co-operatives
13. Give seven types of resources that a manager will be responsible for in the management of
resources
Good luck and happy New Year