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How To Answer Exam Questions
How To Answer Exam Questions
How To Answer Exam Questions
exam questions?
By,
Mr. Ravi Nagarathanam
Lecturer
Colors
Use blue or black ink.
Do not use pink, red, green,
phosphorus green,
phosphorus blue, etc.
Never use a PENCIL to write
answers in an exam
How to answer?
Read questions very
carefully.
Make an outline of the
points which should be
included in the answer.
Review the outline quickly
and eliminate the
Problems
Many students are not able
to tune their answers to
the questions asked:
1.
They
provide
extra
information
(not
asked
about)
Example 1
Define the word Entrepreneurship. (2
Marks)
According to our text book,
entrepreneurship is a process of
creating and expanding
businesses that collectively form a
force for national development
and societal prosperity.
Example 2
List TWO (2) advantages and
disadvantages of being an
entrepreneur. (4 marks)
Advantages:
Autonomy.
Challenge of a start-up.
Disadvantages:
Personal sacrifices.
Burden of responsibility.
Example 3
Briefly explain TWO (2) types of
finance resources. (4 Marks)
Internal: equity contributions from
the entrepreneur/s i.e. cash or
assets.
External: commercial banks, finance
companies, government agencies i.e.
loans, hire purchase, grants.
Example 4
How to develop a financial plan? (7 Marks)
Step 1: Gather all financial input
Step 2: Prepare the project implementation cost
schedule
Step 3: Prepare the sources of finance schedule
Step 4: Prepare the pro forma cash flow statement
Step 5: Prepare the pro forma income statement
Step 6: Prepare the pro forma balance sheet
Step 7: Perform financial analysis based on pro forma
statements
Example 5
There are certain characteristics
that would differentiate a small
business from large corporations.
Identify
and
explain
these
characteristics. (10 marks)