cameroon gce A level 2024 entrepreneurship 1
cameroon gce A level 2024 entrepreneurship 1
Ebai Randy is a student who always brings up
ideas to his school authorities on how the school
can function differently from other schools. Ebai
Randy can be said to have an
A Innovative spirit
B Creative spirit
C Entrepreneurial spirit
D Enterprising spirit
1 . 9.
10. A method of remuneration where sales agents
receive both a basic salary and a bonuses
according to the number of products sold is a
A Time rate method of payment
B Piece rate method of payment
C Differential method of payment
D Mixed wage method of payment
2. Using ingenuity and imagination to develop a
unique solution to a problem is known as
A Innovation
B Invention
C Application
D Creativity
11. Entrepreneurs who do not easily accept change
are known as
A Drone Entrepreneurs
B Imitative Entrepreneurs
C Innovative Entrepreneurs
D Technology Entrepreneurs
Small businesses have a positive effect on the
local community because they
A Reduce competition.
B Pay taxes.
C Limit job growth.
D Charge interest.
J .
12. An individual who focuses on creating products
and/or services that improve on the quality of life
of people in the society is known as
A Social entrepreneur
B Intrapreneur
C Technology entrepreneur
D Philanpreneur
A kind of business opportunity that requires an
aspiring entrepreneur to engage in business by
using the trademark of a successful and well
known firm is
A Network Marketing
B Dealership
C Franchising
D Licensing
4.
13. Which of the following is the first step in the
entrepreneurship process?
A idea’generation
B self-discovery
C business planning
D business creation
5. Every business venture usually starts with
A an opportunity
B an idea
C a market
D capital
14. The document which gives a private limited
company the legal right to go operational is
A Certificate of Trading
B Certificate of Incorporation
C Memorandum of Association
D Article of Association
6. Someone who has no prior experience in starting
up, inheriting or purchasing a business is a
A serial entrepreneur
B novice entrepreneur
C habitual entrepreneur
D portfolio entrepreneur
Displaying a sample of the product or service of a
new business to prospective users to gauge
customer interests is
A product testing
B concept testing
C customer testing
D usability testing
15.
When developing a business plan for a new
venture, an entrepreneur should include a
comprehensive description of the potential
customers in the
A Operational Plan
B Market Analysis.
C Product Plan.
D Corporate philosophy summary.
7.
A leadership style by which an entrepreneur
shows very high concern for task and no concern
for people in a business venture is known as
A Impoverished leadership style
B Democratic leadership style
C Authoritarian leadership style
D Laissez Faire leadership style
16.
Creating new business ideas and putting them in
practice is known as
A creativity
B enterprising
C innovation
D invention
