Question 1
SECTION A
- State three actions to take if there is a fire outbreak in a wood workshop.
 - State two ways that are used to overcome the problem of continuity in a sole proprietorship type of business.
 
Observation
Most of the candidates could not state the actions to take if there is a fire outbreak in a wood workshop.
The expected responses are:
(1) ACTIONS TO TAKE IF THERE IS A FIRE OUTBREAK IN A WOOD
WORKSHOP
- Raise an alarm to get every person out of the workshop.
 - Close all doors and windows to prevent further spreading.
 - Switch off all sources of power supply.
 - Attempt should be made to fight the fire using domestic fire extinguishers.
 - Record incidence in workshop accident record book.
 - Staff should be moved to the muster point.
 - Give First Aid treatment to any victim.
 - Retrieve necessary items if possible.
 - Do the head count.
 
(2) WAYS THAT ARE USED TO OVERCOME THE PROBLEM OF
CONTINUITY IN A SOLE PROPRIETORSHIP
- Involve the immediate family in the business
 - Including a successor clause in the article of incorporation
 - Informing family members about the proposed successor
 - Adequate training of a named successor
 - Government giving grants to sole proprietorship
 - Banks making obtaining loan easy for sole proprietors
 - Process of obtaining loans easier for sole proprietors
 - Sole proprietor should solicit loans from bank