ENTREPRENEURSHIP
ENTREPRENEURSHIP
ENTREPRENEURSHIP
Entrepreneurship
Education
Paper 1
2024
2½ hours
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Uganda Certificate of Education
ENTREPRENEURSHIP
Paper 1
2 hours 30 minutes
INSTRUCTIONS TO CANDIDATES
Item 1:
Tasha has been passionate about eco-friendly products and wants to start her own
business. She has saved up UGX 3,500,000 and is ready to invest in her venture.
However, she is unsure about the type of eco-friendly business to start and how to
go about it.
Task:
(a) Select a viable type of eco-friendly business considering her interests and
market demand.
(b) Create a budget for the selected business, outlining the expenses for
equipment, materials, marketing, and other necessary costs.
(c) Guide Tasha through the process of registering her eco-friendly business,
including the legal requirements and necessary documentation.
Item 2:
Kwame runs a small organic farm, but he's facing challenges with his supply chain
and product quality. He's considering expanding his operations but isn't sure how
to address these issues.
Task:
(b) Provide Kwame with strategies to solve the challenges he's facing in his
organic farming business, focusing on improving supply chain management,
enhancing product quality, and scaling up operations efficiently.
2
Item 3:
Nadia owns a local cafe in a busy neighborhood, but she's struggling to manage her
staff and address customer complaints about slow service and inconsistent quality.
She's also facing pressure from the local authorities regarding tax compliance.
Task:
(a) Analyze the likely effects of Nadia's management approach and business
practices on her cafe's reputation and profitability.
(b) Offer Nadia practical solutions to address the challenges she's facing,
including improving staff training, streamlining operations, ensuring tax
compliance, and implementing quality control measures.
Item 4:
In the town of Wakiso, where commerce flourishes amidst the daily hustle and
bustle, the year drew to a close for Magulu Traders. As the sun set on December
31st, 2020, the diligent accountants meticulously extracted the balances from their
well-kept ledgers, capturing the essence of a year filled with transactions, profits,
and challenges in the vibrant market scene.
3
Bank Overdraft 3,800,000
Plants and Machinery 8,100,000
Bank 6,000,000
Cash 4,000,000
Capital 44,600,000
Closing stock 3,000,000
Task:
(b) Help Magulu Traders prepare a Trading, Profit and Loss Account
summarizing the business's financial performance for the year ending
December 31st, 2020.
Item 5:
In June 2023, James, the owner of a local bakery, faced an unexpected situation
when his accountant fell ill and couldn't complete the financial statements for the
year ending December 31st, 2022. The accountant left behind a list of ledger
balances outlining various financial aspects of the bakery's operations:
Shs.
Premises 12,000,000
Fixtures and Fittings 8,700,000
Opening stock 2,000,000
Loan 1 year 1,500,000
Debenture 3,100,000
Debtors 7,000,000
Drawings 3,000,000
Bank 5,900,000
Purchases 9,500,000
Net sales 38,800,000
Closing stock 4,200,000
Creditors 2,000,000
Total Expenses 4,600,000
Capital 8,300,000
4
Task:
(b) Calculate the profit or loss for the bakery based on the provided data.
5 END