MARKING SCHEME FOR JSS1 BUSINESS STUDIES SECOND TERM CAT 1
SECTION A: OBJECTIVE TEST
ALLOCATION OF MARKS: ¼ mark each = 5 marks
SECTION B: ESSAY
ALLOCATION OF MARKS: 5 marks in total
1.(a) Entrepreneur: This is someone who takes risk of starting and managing a business.
He is a person that is able to think of, see or identify opportunities that do not yet exist and has the confidence and courage to start up a business.
1.(b) Enterprise: This is an organization created for commercial purposes. It is a business entity set up and managed by the entrepreneur or his agent.
1.(c) Occupation: This is what a person engages in to earn a living.
(1 mark for each correct answer = 3 marks)
TOTAL = 3 MARKS
2.(a) Attributes of truthfulness are
- Consistency
- Straightforwardness
- Steadfastness
- Integrity
- Reliability
- Sincerity
- Responsibility
(¼ mark for each correct answer = 1 mark)
2.(b) Factors that can make people lie are
- To make gain
- To sell their product
- Because of greediness
- To escape punishment
- To destroy others
- To cover up past mistakes and lies
- To keep one’s self from trouble
- To cover up the truth
- To gain popularity
(¼ mark for each correct answer = 1 mark)
TOTAL = 2 MARKS
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