Please enable JavaScript in your browser to complete this form.MATRIC NUMBER *PLEASE WRITE YOUR MATRICULATION NUMBERLEVEL OF CERTIFICATION *Associate BachelorBachelorPlease select the level you are currently studying in CLICUCOURSE *MINISTRY’S SUPPORTING VENTURESPlease select your course of studySECTION A: OBJECTIVEPLEASE ANSWER ALL QUESTIONS1. What does Proverbs 14:23 say about hard work? A) It brings povertyB) It leads to successC) It brings a profitD) It creates challenges2. Why should a ministry consider a "for-profit" status? A) To avoid taxesB) To bless the ministry and others freely C) To rely solely on donationsC) To rely solely on donationsD) To operate without any legal entity3. Which of the following is NOT an example of a church business idea listed? A) Coffee shopB) Legal consultancyC) Clothing lineD) Media productions4. What is one benefit of a for-profit ministry status? A) Limited incomeB) Freedom from governmental oversightC) Increased reliance on offeringsD) Exemption from financial obligations5. What is a feasibility study primarily designed to answer? A) How to do somethingB) When to start a businessC) Whether to do somethingD) How to file taxes6. An excellent biblic6. Which type of business structure is recommended for a church-owned business?A) LLCB) C-CorporationC) Sole proprietorshipD) Non-profital example of ministry and business working together is the Apostle John.7. What is the role of dividends in a church-owned business? A) To pay shareholders’ salariesB) To avoid paying taxesC) To provide tax-free income to the churchD) To reinvest in government programs8. When is a good time for a church to start a business?A) When the church is struggling financiallyB) When there is a thriving church and a marketable ideaC) When there are no available volunteersD) When the church lacks clear leadership9. What is the Apostle Paul's business example used in the handout? A) CarpenterB) TentmakerC) FishermanD) Trader10. What is the main difference between a feasibility study and a business plan? A) Feasibility studies are cheaperB) Feasibility studies are less detailedC) Feasibility studies answer “should we do this?”D) Feasibility studies focus only on finances11. What section of the IRC allows churches to own for-profit businesses? A) Section 501B) Section 502C) Section 503D) Section 50412. What percentage of shares must a church purchase to become the majority shareholder in a business? A) 25%B) 40%C) 51%D) 75%13. What type of organization is a feasibility study recommended for? A) Startups onlyB) Large corporations onlyC) Small businesses and startupsD) Government organizations14. What is one key consideration for starting a church business? A) Hiring volunteers onlyB) Avoiding all taxesC) Ensuring market research is conductedD) Running the business without registration15. What is one listed benefit of writing a book as a pastor? A) To reduce sermon timeB) To improve leadership skillsC) To extend ministry impactD) To avoid public speaking16. What should come first, a feasibility study or a business plan? A) Business planB) Feasibility studyC) Both simultaneouslyC) Both simultaneously D) It does not matter17. What is one soft skill mentioned as critical for the post-pandemic business world? A) AuditingB) LeadershipC) AccountingD) Graphic design18. What type of research should be conducted before paying for a feasibility study? A) Preliminary analysis B) Detailed business planning C) Staffing reviews D) ROI calculationsA) Preliminary analysisB) Detailed business planningC) Staffing reviewsD) ROI calculations19. What is the main focus of a business plan? yA) To validate business feasibilityB) To outline steps for starting the businessC) To analyze the financial returnD) ROI calculations20. How can churches use their businesses for evangelism?A) By donating all profits to charityB) To outline steps for starting the businessC) By hiring only believersD) By avoiding all business rulesSECTION B – THEORYAnswer question ONE and TWO from the rest three questions. ((Answer just THREE questions from this section – Question 1 is compulsory)1. Explain the process of establishing a church-owned business and highlight the legal structure required.2. Discuss the significance of conducting a feasibility study for a small business and how it differs from a business plan.3. Highlight five benefits of operating a ministry with a for-profit status, using examples from the handout.4. Using the Apostle Paul’s example, discuss how a church can combine business and ministry effectively.5. Discuss the importance of pastors writing books, providing at least three benefits supported by examples.Email *Attestation *Please tickI ATTEST THAT THE ABOVE QUESTIONS WERE DULY ANSWERED BY ME AND I SHOULD BE SCORED BASED ON THE ANSWERS PROVIDED.SUBMIT