QUESTION 1 Match the description in Column A with the correct word/ words in Column B. write only the correct letter next to the number on your answer sheet. (10 Marks) Column A Column B 1. Making decision about the future, A. Advertising 2. Communicating with consumers through the media(TV, B. Leading newspaper, radio) 3. A specific group of people with certain characteristics at which an entrepreneur aims to sell products or services. 4. Motivate workers to do the best they can. C. Planning D. Strike 5. When workers refuse to work or withhold their labour. E. Target market Question 2 Indicate if the following statements are True or False. Write only the correct answer on

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
INSTRUCTIONS:
Write your name and surname on your answer sheet.
Answer all questions on your answer sheet.
Write neatly and legibly. (easy to read)
PAPER 2: THE ECONOMY AND ENTREPRENEURSHIP
SECTION A
QUESTION 1
Match the description in Column A with the correct word/ words in Column B. write
only the correct letter next to the number on your answer sheet.
(10 Marks)
Column A
Column B
1. Making decision about the future.
A. Advertising
2. Communicating with consumers through the media(TV,
newspaper, radio)
3. A specific group of people with certain characteristics at
which an entrepreneur aims to sell products or services.
4. Motivate workers to do the best they can.
B. Leading
C. Planning
D. Strike
5. When workers refuse to work or withhold their labour.
E. Target market
Question 2
Indicate if the following statements are True or False. Write only the correct answer on
(7 Marks)
the answer sheet:
1. Decrease of income tax is opportunity.
2. Increase in the fuel price is a threat.
3. A new shop opened in the same street, selling the same products is strength.
4. A new school has been built opposite the tuck shop is a weakness.
5. Insufficient capital and equipment is a weakness.
6. One example of business function is Human resources function.
7. Public relation is about building good relationship between a business and the public.
Choose the correct word between brackets to make the following statement true.
(7 Marks)
Question 3
1. Debtors are (Assets/Liabilities/ Owner's equity) of a business.
2. Creditors are (Assets/ Liabilities/ Owner's equity) of a business.
3. Individual account of a debtor is recorded in the (Debtors Journal/ Debtors Ledger/
General Ledger).
A commun0107
ng
ing
nork ard GmO
Transcribed Image Text:INSTRUCTIONS: Write your name and surname on your answer sheet. Answer all questions on your answer sheet. Write neatly and legibly. (easy to read) PAPER 2: THE ECONOMY AND ENTREPRENEURSHIP SECTION A QUESTION 1 Match the description in Column A with the correct word/ words in Column B. write only the correct letter next to the number on your answer sheet. (10 Marks) Column A Column B 1. Making decision about the future. A. Advertising 2. Communicating with consumers through the media(TV, newspaper, radio) 3. A specific group of people with certain characteristics at which an entrepreneur aims to sell products or services. 4. Motivate workers to do the best they can. B. Leading C. Planning D. Strike 5. When workers refuse to work or withhold their labour. E. Target market Question 2 Indicate if the following statements are True or False. Write only the correct answer on (7 Marks) the answer sheet: 1. Decrease of income tax is opportunity. 2. Increase in the fuel price is a threat. 3. A new shop opened in the same street, selling the same products is strength. 4. A new school has been built opposite the tuck shop is a weakness. 5. Insufficient capital and equipment is a weakness. 6. One example of business function is Human resources function. 7. Public relation is about building good relationship between a business and the public. Choose the correct word between brackets to make the following statement true. (7 Marks) Question 3 1. Debtors are (Assets/Liabilities/ Owner's equity) of a business. 2. Creditors are (Assets/ Liabilities/ Owner's equity) of a business. 3. Individual account of a debtor is recorded in the (Debtors Journal/ Debtors Ledger/ General Ledger). A commun0107 ng ing nork ard GmO
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