Ordinary level 2026 South West mock entrepreneurship 1

Entrepreneurship is a

A Model

B Person

C Process

D Business

A reason why the Cameroon government promotes Entrepreneurship is to

A reduce business risk

B decrease the market size

C discourage excess importation

D improve government policy

Identify an internal Entrepreneurial challenge

A Financial instability

B Social instability

C Political instability

D Economic instability

The process of practicing entrepreneurship within an Enterprise is:

A Technopreneurship

B Intrapreneur

C Extrapreneurship

D Intrapreneurship

It is a form of entrepreneurship which focussed on profit maximisation through established practices and strategies.

A Traditional entrepreneurship

B Corporate entrepreneurship

C Buyer entrepreneurship

D Hustler entrepreneurship

He defined entrepreneurship as a systematic process of innovation that involves searching for change and analysing opportunities.

A Peter Ferdinand Drucker

B Jean-Baptiste Bay

C Adam Smith

D Richard Cantillion

Identify a barrier to entrepreneurial growth

A Insufficient accommodation

B Insufficient finance

C Insufficient moral support

D Insufficient family support

An example of a non-current asset of an enterprise:

A Cash in hand

B Stock of goods

C Building

D Raw material

Enterprises involved in high level decision making roles belong to which sector of the economy?

A Primary

B Tertiary

C Secondary

D Quaternary

Identify the correct series of activities of the primary sector of the economy.

A Lumbering-Bread making-Mining

B Fishing-Bread making-Farming

C Farming-Lumbering-Soap making

D Fishing-Farming-Lumbering

An enterprise that operates in more than one country can be described as a

A Global company

B Multinational company

C External company

D National company

Enterprises registered, owned and run by single individuals.

A Private Ltd company

B Public Ltd company

C Sole Proprietorship

D Partnership

An enterprise created, owned and managed by the government with the aim of satisfying the society or for public interest is:

A Public Limited Company

B Public Corporation

C Public Entrepreneurship

D Public Cooperative Society

The AGRADFASEL Enterprise starts with 100,000 FCFA worth of opening stock, purchase at 50,000 FCFA worth of goods during the period from $1^{st}$ January 2024 to $31^{st}$ December 2024 and Cost of Goods Sold-COGS at 15,000 FCFA. Calculate the closing stock

A 35,000 FCFA

B 85,000 FCFA

C 135,000 FCFA

D 150,000 FCFA

The financial gain of an enterprise after deduction of the costs necessary to produce goods or service is:

A Net profit

B Sales

C Gross profit

D Revenue

An internal source of finance, where dividends are reinvested into the business is known as:

A Retained earnings

B Trade credit

C Venture capitalist

D Bootstrapping

An entrepreneur who creates, launches and manages multiple businesses in different areas at the same time is known as:.

A Immigrant entrepreneur

B Classical entrepreneur

C Ultrapreneur

D Habitual entrepreneur