uganda national examination board past papers for entreprenuership 2010

PAPER 1
1. You have saved shs5,000,000 to expand your supermarket.
a) Prepare a budget for the expansion of your supermarket.
b) Write a job description for a sales supervisor.
c) Prepare a cash receipt for a sales supervisor.
d) Design a business card for promoting your business.
2. The following balances were obtained from NAMALWA's ledger Accounts as at 31^st December, 2009. shs
Stock ( 1^st January, 2009) 1,250,000
Stock(31^st December, 2009) 1,500,000
Purchases 7,000,000
Returns inwards 750,000
Returns outwards 45,000
Sales 13,000,000
Advertising 260,000
Carriage on sales 95,000
Premises 6,000,000
Tools and equipment 3,500,000
Creditors 1,075,000
Debtors 1,500,000
Drawings 150,000
Capital 7,875,000
Furniture 625,000
Salaries and wages 875,000
Discount allowed 187,500
Commission received 122,500
Electricity bills 140,000
Cash at hand 60,000
Bank overdraft 465,000
Telephone expenses 180,000
Required:
a) Extract a trial Balance from NAMALWA's Ledger Accounts.
b) Prepare NAMALWA's Trading, Profit and Loss Account for the year ended 31^st December, 2009.
c) Calculate the Net Profit Margin.
3. You have decided to expand your Barkery to satify the existing market.
a) Prepare a marketing plan for your business.
b) Design a questionnaire for conducting a market survey.
c) Design a poster to advertise your products.
d) Prepare a purchase Order for raw materials for your business.
4. YAYA ENTERPRISES Ltd. had the following information about its assets and liabilities as at 30^th June,2009: shs
Rent received outstanding 1,500,000
Stock (30^th June, 2009) 22,500,000
Outstanding electricity 3,000,000
10 year loan 45,000,000
Land 67,500,000
Debtors 27,000,000
Creditors 21,000,000
Cash in bank 31,000,000
Machinery 16,500,000
Furniture and fittings 13,500,000
Interest received in advance 7,500,000
Equipment and tools 30,000,000
Required:
a) Prepare a balance sheet as at 30^th June, 2009
b) Determine the:
i) Quick -assets ratio,
ii) Current ratio.
c) State the position of the business, given the ratios in b) (i) and (ii).

PAPER 2
SECTION A: (40 marks)
1. a) (i) Distinguish between a Memorandum of Association and articles of Association.
ii) Mention any two contents of a Memorandum of Association.
b) (i) Define the term "price "?
(ii) Mention any three factors that should be considered when determining the price of a product.
c)(i) Differentiate between pre-operating expenses and administrative expenses.
(ii) Give any two examples of pre-operating expenses business.
d)(I) What is an Action plan?
(ii) State any three uses of an Action plan.
a) Outline any four business ethics an entrepreneur should practice towards employees.
b) I) Distinguish between fixed capital and working capital.
ii) Mention any two ways in which a business can increase cash flows.
c) I) Define the term "advertising ".
ii) Give any three factors which should be considered when choosing a medium of advertising.
d) I) Differentiate between indemnity and subrogation as used in insurance.
ii) Give any two examples of insurable risks faced by a business.
e) (i) What is meant by product positioning?
(ii) State any three factors an entrepreneur should consider when developing a product.
f) I) Distinguish between saving and investment.
(II) Suggest any two ways of promoting savings in your country.

SECTION B: (60 marks)
2. a) Outline the factors that an entrepreneur should consider when choosing packaging material for a product.
b) Explain the importance of packaging products.
3. a) Explain the benefits of a business plan to an entrepreneur.
b) What problem do entrepreneurs face when preparing a business plan?
4. a) Describe the various types of business taxes in your country.
b) Why is it important for the government to tax businesses?
5. a) Explain the factors that should be considered when conducting market assessment for a product.
b) Outline the benefits of conducting market assessment for a product.
6. a) Outline the advantages and disadvantages of selling goods on credit.
b) Describe various ways of managing credit sales in a business.