Sample questions

Question 1

Colleges and Universities have discovered that entrepreneurship is extremely popular course of study. Most wealthy and famous people in Uganda are entrepreneurs. Non-governmental organisations in Uganda are involved in training youths and women to acquire skills for self-employment and small scale business management. Potential entrepreneurs are encouraged to save so as to raise capital for establishing business ventures rather than relying on financial institutions like commercial banks. Technological advancement and the shift to global economy have opened up the door to tremendous business opportunities for entrepreneurs.

Required:

1. Differentiate between entrepreneurship and entrepreneur.
2. Explain the factors that are driving the growth of entrepreneurship in Uganda.
3. Discuss the various sources of capital that can be available to entrepreneurs.
4. Describe the likely risks to a business arising out of using commercial banks as a source of financing.

More questions

1. (a)   Distinguish between entrepreneurship and entrepreneurship

(b)    Explain the components of entrepreneurship education.

2.    (a)    Why entrepreneurship education is taught in schools.

(b)    What is the role of entrepreneurship in economic development?

3.    (a)    What is meant by term “Entrepreneurial culture”?

(b)    Explain the objectives for developing entrepreneurial      culture.