Radio,Television And Electronic Paper 2, WASSCE (SC), 2018

Question 6

 

    1. An intending entrepreneur decides to obtain a loan from a bank to start a RTV business. List:

    (i)   three documents required to obtain the loan;
    (ii)  four employment opportunities that would be created by the entrepreneur;
    (iii) two other possible sources of capital.

    1. For the business in 6(a) to succeed after establishment, state three:

    (i) customer relation attributes, that should be maintained;
    (ii) business records that should be kept.        

Observation

The expected answers were:

  • (a)    (i)         Documents required to obtain the loan

    • Business plan/feasibility study
    • Collateral/asset document
    • Tax payers document/clearance/certificate
    • Certificate of incorporation of business
    • Referee/guarantor
    • Insurance indemnity
    • Utility bill
    • Authentic form of identification

                (ii)        Employment opportunities that would be created by the entrepreneur

    • Radio and television consultant
    • Radio and television technician
    • Sales and services craftsman
    • Electronics specialist
    • Satellite installation technician
    • Television antenna installation technician
    • Secretary
    • Workshop supervisor/support staff
    • Accountant/accounting staff
    • Manager

                 (iii)      Other possible sources of capital

    • Credit union
    • Family and friends
    • Insurance
    • Non-governmental organization/foundation/government developmental partner
    • Finance house
    • Personal savings and contribution
    • Sales of property/asset
    • Cooperative societies
    • Loan/income from other business initiatives

     

    (b) (i)    Customer relation attributes that should be maintained

    • Telephone courtesy
    • Daily appearance at work
    • Customer psychology
    • Good working relationship
    • Competence at skill
    • Prompt attendance
    • Attention to details
    • Honesty/integrity
    • Diligence
    • Punctuality
    • Neatness

                (ii)        Business records that should be kept

    • Accounting ledger
    • Repair order form
    • Inventory sheet
    • Invoice
    • Receipt
    • Delivery note
    • Way bill
    • Purchase order form

    The Chief Examiner reported that majority of the candidates who attempted question 6 did not perform well. Teachers were encouraged to pay particular attention to ‘Entrepreneurship’ during instruction as it is a very important aspect of the subject.