Question 4
Question 4 required candidates to:
- List qualities a wood machinist should have before establishing a wood machining business.
- State conditions for obtaining a loan from a cooperative society.
- Outline ways a machine woodworking entrepreneur can retain customers.
- List record books that are maintained in a wood machine shop.
Observation
Candidates that attempted question four scored good marks, however, a few number were unable to give the conditions for obtaining a loan from a cooperative society.
The expected responses are:
Conditions for obtaining a loan from a cooperative society:
- must be a member of the cooperative society;
- must have some savings in the cooperative society;
- must have guarantors;
- must have a witness to the signature.
- credibility of the borrower;
- loan must be paid back with interest;
- specific time duration for the repayment of loan.