STUDENT’S NAME: _______________________________

PRIME MINISTER'S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT 

FORM ONE TERMINAL EXAMINATION

CODE:065 BUSINESS STUDY

TIME: 2:30 HRS MAY, 2026

INSTRUCTIONS:

1. This paper consists of sections A, B and C with a total of ten (10) questions.
2. Answer all question in the spaces provided.
3. Section A and C carry fifteen (15) marks each and section B carries seventy (70) marks.
4. All answers must be written in blank or blue ink.
5. Write your names on the top corner of every page.

SECTION A (15 Marks) 

Answer all questions in this question.

1. For each of the items (i) – (x), choose the correct answer from the given alternatives and write it’s letter in the box provided.

(i) Which of the following is not considered as a business?

1. An organization engages in buying and selling of goods.
2. An enterprise owned by a single person.
3. The process of recording business transactions.
4. Any activity aiming at generating profit.

(ii) The process of buying and selling of goods and services that can involve two or more parties is called

1. Production.
2. Distribution.
3. Consumption.
4. Exchange.

(iii) Which of the following is not example of wants?

1. Motorcycles.
2. Jewellery.
3. Radio
4. Food.

(iv) The following are example of perishable goods EXCEPT one.

1. Milk.
2. Meat.
3. Machines.
4. Bread.

(v) Any choice implies sacrificing something else is called?

1. Entrepreneurship.
2. Resources.
3. Opportunity cost.
4. Factors of production.

(vi) Which of the following are not the key components of Business studies

1. Market.
2. Economics.
3. Business management
4. Entrepreneurship and innovation.

(vii) The person who takes the risk of starting a business is called

1. Employee.
2. Entrepreneur.
3. Entrepreneur.
4. Businessman.

(viii) Which of the following is NOT a characteristic of entrepreneur?

1. Creativity.
2. Risk management.
3. Curiosity.
4. Commitment.

(ix)Which one of the following is a type of entrepreneurship?

1. Entrepreneurship.
2. Optimism.
3. Risk taking.
4. Autonomy.

(x)________the ability of acting in advance of a future situation rather than reacting.

1. Proactiveness.
2. Networking.
3. Creativity.
4. Vision.

2. Match each in column A with a response in column B by writing it’s letter below the number of the corresponding item in the table provided.

Answers

SECTION B (70 Marks)

Answer all questions in this section.

3. Differentiate the following concepts.

1. Needs and Wants.
2. Goods and Services.
3. Scarcity and Opportunity Cost.
4. Production and Consumption.
5. Entrepreneurship and Entrepreneurship.

4. Briefly explain any five components of Business studies.

5. With examples briefly explain the business processes ,by giving four points.

6. Business studies has become compulsory subject in Tanzania briefly explain the importance of business studies by giving any five points.

7. Write short notes on the following terms as related to entrepreneurship.

1. Autonomy
2. Curiosity
3. Optimism
4. Passion
5. Vision

8. Outline four importance of entrepreneurship theories

9. Briefly explain four skills of Business Management skills that an entrepreneurship needs in managing various aspect of the business

SECTION C (15 Marks) 

Answer question number ten

10. Explain six importance of entrepreneurship

PRIME MINISTER'S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENTS

FORM ONE TERMINAL EXAMINATION

CODE: 065 BUSINESS STUDIES

Time:2:30 May, 2026

Instructions

1. This paper consists of sections A, B and C with a total of ten (10) questions.
2. Answer all questions in the spaces provided.
3. Section A carries fifteen (15) marks, section B seventy (70) marks and section C fifteen (15) marks.
4. All writings must be in blue or black ink except diagrams which must be in pencil.
5. All communication devices, and any unauthorized materials are not allowed in the Assessment room.
6. Write your Name at the top right corner of every page.

SECTION A (15 Marks)

Answer all questions in this section.

1. For each of the items (i)-(x), choose the correct answer from among the given alternatives and write its letter in the box provided.

(i) Which of the following is the best example of the businesses that provide services to their customer?

1. Retail shop
2. Selling of fresh fruits
3. Translating
4. Carpentry

(ii) James is a carpenter who makes chairs, tables and beds from wood. Which business process does James engage in?

1. Distribution
2. Production
3. Exchange
4. Consumption

(iii) Which among the following is a good example of perishable goods?

1. Processed coffee
2. Processed vegetables
3. Wheat flower
4. Natural flowers

(iv) What is the main goal of any business?

1. To provide services to people
2. To provide goods to people
3. To create employment for people
4. To generate profit

(v) Mary visited the market and bought a shirt by offering the seller some money. Which business phase is this?

1. Exchange phase
2. Consumption phase
3. Production phase
4. Distribution phase

(vi) Which of the following is an example of human wants?

1. Water
2. Food
3. Television
4. Clothes

(vii) The following are the key components of Business Studies except:

1. Legal Studies
2. Entrepreneurship
3. Economics
4. Marketing

(viii) Which one of the following is not an input for production?

1. Land
2. Capital
3. Labour
4. Consumer

(ix) Who starts, creates and manages a business?

1. Consumer
2. Manager
3. Client
4. Entrepreneur

(x) Which characteristic of an entrepreneur involves the ability to produce new and unique ideas?

1. Creativity
2. Innovativeness
3. Curiosity
4. Risk taking

ANSWERS

2. Match the items from Group A with those in Group B by writing the letter of a correct answer.

ANSWERS

SECTION B(70 MARKS)

Answer all the questions in this section

3. JB Min supermarket has various items being sold there, classify the type of goods in the chart provided below

4. In order the entrepreneurs to be successful in their doings, they need to have certain characteristics List down ten (10) characteristics of the entrepreneurs.

5. Briefly explain the following terms as used in Business studies

1. Goods
2. Exchange
3. Wants
4. Resources
5. Scarcity

6. In a form I class, a teacher explained about different types of entrepreneurship with their advantages to their daily life. Mention about three (3) types of entrepreneurship with its meaning.

7. Any production activity can not be effective without employing factors of production. From the statement above give out four (4) factors of production with its meaning accordingly.

8. In many ways business studies relates with various subjects or fields. Show how this statement works on the following subjects.

1. Mathematics
2. Music
3. Agriculture
4. Language subjects

9. Business studies is a combination of various fields of study. By using five (5) components of business studies show the evidence over this statement.

SECTION C ( 15 MARKS)

10. Tanzania government is experiencing large number of educated people without an employment. She decided to provide business studies skills at secondary school In order to reduce such problem. Briefly explain five (5) importances of business studies.

PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM ONE TERMINAL EXAMINATION

 BUSINESS STUDIES: MAY 2026

FORM ONE 

Time: 2:30 Hours

INSTRUCTIONS

1. This paper consists of sections A, B, and C with a total of ten (10) questions.
2. Answer all questions.
3. Section A and C carry fifteen (15) marks each, while Section B carries seventy (70) marks.
4. All writing must be in blue or black ink.
5. Cellular phones and any unauthorized materials are not allowed in the assessment room.

SECTION A: (15 MARKS)

1. For each of items (i) – (x), choose the correct answer from among the given alternatives and write its letter in the box provided.

i. Which of the following is an example of a service business?

1. A bakery
2. A furniture store
3. A hospital
4. A car dealership

ii. What does the term "consumer" mean in business?

1. A person who supplies raw materials
2. A person who sells goods to traders
3. A person who buys and uses goods and services 
4. A person who works in a factory

iii. Which factor of production refers to human effort in business activities?

1. Capital
2. Labour
3. Land
4. Entrepreneurship

iv. The reward for capital in business is known as:

1. Profit
2. Rent
3. Interest
4. Salary

v. Which of the following is NOT a business resource?

1. Land
2. Labour
3. Capital 
4. Weather

vi. What is the main reason for preparing a business plan?

1. To attract customers
2. To guide business operations
3. To make more profit 
4. To avoid competition

vii. The term "partnership" in business refers to: 

1. A business owned by one person
2. A business owned by two or more people
3. A government-owned business
4. A nonprofit organization

viii. Which of the following is an external source of finance for a business?

1. Retained profits
2. Sale of assets
3. Bank loan 
4. Owner’s savings

ix. Which factor influences demand for a product?

1. The amount of capital invested
2. The price of the product
3. The number of suppliers
4. The size of a shop

x. Which of the following is an example of a primary industry?

1. Banking
2. Farming
3. Textile manufacturing
4. Transport services

2. Match the following terms with their correct definitions.

SECTION B: (70 MARKS)

Answer all questions.

3. (a) Define the term "Business Studies."

(b) Mention any four (4) characteristics of Business Studies.

4. (a) What is the importance of studying Business Studies?

(b) Explain three (3) ways Business Studies relates to other disciplines.

5. (a) Define "wants" and "needs."

(b) Give four (4) examples of needs and four (4) examples of wants.

6. (a) What is "Trade"?

(b) Identify two (2) differences between "wholesale trade" and "retail trade." (c) Provide two (2) examples of wholesalers and two (2) examples of retailers.

7. (a) Mention three (3) types of business organizations.

(b) Describe any two (2) advantages of operating as a sole proprietorship.

8. (a) What is the meaning of "Entrepreneurship"?

(b) Mention four (4) roles of an entrepreneur in business development.

9. (a) Explain three (3) challenges faced by small businesses.

(b) Suggest two (2) ways to overcome these challenges.

SECTION C: (15 MARKS)

Answer the following essay question.

10. Write an essay on the role of Business Studies in daily life using the following guidelines:

1. Definition of Business Studies
2. Three (3) ways Business Studies is useful in daily life
3. Two (2) challenges of learning Business Studies
4. How to overcome the challenges
5. Conclusion

PRESIDENTS OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

PRESIDENTS OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM ONE TERMINAL EXAMINATION

BUSINESS STUDIES

TIME: 2:30HRS MAY: 2025

INSTRUCTION

1. This paper consist of section A, B, and C.
2. Answer all questions in section A, B and C.
3. Answer all question in the space provided.
4. Cellular phoned, calculators and any computerized material are not allowed in the examination room.
5. All writing must be in blue/black ball pen except drawings which must be in pencil.
6. Write your examination number at the top right corner of every page.

SECTION A: 

OBJECTIVE QUESTIONS (15 Marks)

1. For items (i)-(x) write the correct answer from alternatives given in spaces provided

(i) Which of the following is the primary goal of a business?

1. To provide free goods and services
2. To generate profit
3. To employ all people in the community
4. To minimize innovation

(ii) The process of transforming raw materials into finished products to satisfy human needs and wants is known as:

1. Distribution
2. Exchange
3. Consumption
4. Production

(iii) Which of the following is an example of a free good?

1. Computer
2. Sunlight
3. Cloth
4. Pen

(iv) Which factor of production involves innovation, risk-taking, and organization?

1. Land
2. Labour
3. Capital
4. Entrepreneurship

(v) The ability to produce new and unique ideas is:

1. Innovation
2. Creativity
3. Risk-taking
4. Perseverance

(vi) A business owned, managed, and controlled by one person is a:

1. Partnership
2. Sole proprietorship
3. Company
4. Cooperative

(vii) Which of the following is a disadvantage of a sole proprietorship?

1. Easy to form
2. Quick decision making
3. Unlimited liability
4. Direct relations with customers

(viii) The ability to influence people towards the accomplishment of common goals is:

1. Management skill
2. Negotiation skill
3. Leadership skill
4. Communication skill

(ix) Which type of entrepreneurship focuses on providing innovative solutions to social problems?

1. Business entrepreneurship
2. Intrapreneurship
3. Social entrepreneurship
4. Commercial entrepreneurship

(x) The theory of entrepreneurship that views innovation as a key tool is:

1. Need achievement theory
2. Risk bearing theory
3. Innovation theory
4. Status withdrawal theory

Answers

2. Match the terms in Column A with their correct descriptions in Column B.

Answers

SECTION B: 

SHORT ANSWER QUESTIONS (40 MARKS)

3. a) Explain four business processes with examples.

b) Describe four purposes of a business.

4.(a) Differentiate between ‘needs’ and ‘wants’, giving three examples of each.

b) Explain why Business Studies is important for individual development.

5. (a) Identify and explain four resources used in production.

(b) Describe five features of a sole proprietorship.

6. (a) Explain five advantages of a sole proprietorship.

(b) Outline the steps involved in forming a sole proprietorship.

7.(a) Define entrepreneurship and an entrepreneur.

(b) Describe five characteristics of an entrepreneur.

8. (a) Explain three types of entrepreneurship.

(b) Describe four entrepreneurial skills.

9. (a) Explain five factors that facilitate entrepreneurship.

(b) Briefly explain four theories of entrepreneurship.

SECTION C: ESSAY QUESTION (30 MARKS)

10. (a) Discuss the challenges faced by sole proprietorships and suggest solutions for each.

(b) Evaluate the importance of entrepreneurship in the economic development of a country