cameroon gce A level 2020 entrepreneurship 1
cameroon gce A level 2020 entrepreneurship 1
1. Fanny organises, manages and assumes the risks of her business. She is known as :
A Entrepreneurship
B Entrepreneurial
C Entrepreneur
D Entrepreude
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2. A system of management where the manager of Orange Cameroon has less concern for his employees and production is termed :
A Perish management
B Country club management
C Middle road management
D Laisez-fair management.
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3. Mr. Bali, a sole proprietor has a system of motivation for employees, which is not costly. Identify by this motivation strategy.
A Providing lunch
B Providing bonus
C Solicit suggestions
D Flexibility.
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4. State an example of a good source of a business idea.
A Technical knowledge
B Strengths and ability
C Domain knowledge
D Contracts.
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5. What name is given to a defined group of customers who buy a particular product in a given mark ?
A Market demand
B Target market
C Potential market
D Available market.
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6. The suitable defensive strategy where an entrepreneur occupies a desirable market space in consumers’ minds.
A Flank defense
B Preemptive defense
C Position defense
D Mobile defense.
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7. Susan and Jerry decide to bring their resources together to start a business. They are involved in which type of business
A Company
B Limited liability partnership
C Sole proprietor
D Partnership.
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8. Advise the cafe restaurant operator in your locality the stage of the product life cycle where he will fall into intensive competition.
A Introduction
B Growth
C Maturity
D Decline.
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9. The price that the consumers for fish are willing to pay depends on the availability of meat. Give a name to this concept.
A Rivalry of firms
B Powers of buyers
C Powers of suppliers
D Threat of substitutes.
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10. What has to be carefully planned and systematically executed ? Choose the best answer.
A Business plan
B Business structure
C Business proposal
D Business budget.
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11. The strategies used by the Banks to assess small ventures before granting loans is referred as :
A Relationship lending
B Credit scoring
C Lending strategies
D Collateral strategies.
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12. If an employee is compensated by commission, worth 25 FCFA per product sold, what will be his income for selling 12,550 FCFA of such a product ?
A 31,375 FCFA
B 31,350 FCFA
C 31,400 FCFA
D 3,125 FCFA
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13. A non-monetory perk that is effectively used to reform an employee is :
A Solicit suggestions
B Giving awards
C Work environment
D Communicate with employees.
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14. The ability and skills of a sole proprietor used for his financial resources is :
A Financial planning
B Financial analysis
C Financial education
D Financial expert.
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15. What is the name given to a written document representing your vision for the business ?
A Summary plan
B Executive plan
C Business plan
D Presentation plan.
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16. A good business plan should be
A Brief
B Well organized
C Well financed
D Detailed.
