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.