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Entrepreneurship And Small Business Management Question Paper

Entrepreneurship And Small Business Management

Course:Bachelor Of Science In Entrepreneurship Studies

Institution: Moi University question papers

Exam Year:2009

UNIVERSITY EXAMINATIONS: 2009/2010
SECOND YEAR EXAMINATION
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer ONE and Any other TWO Questions
QUESTIONS ONE
a) Analyze the different roles an entrepreneur has to play at the different stages of the
entrepreneurship process. (10 Marks)
b) Describe five major problems faced by SBEs in Kenya that has resulted in their inability to be
more competitive both locally and globally. (10 Marks)
c) If a new venture has a choice between long term debt and equity financing, which would you recommend and why. (10 Marks)
QUESTION TWO
a) What do you think can be done by the government of Kenya and other stakeholders to develop
the informal sector in Kenya? (10 Marks)
b) Explain the difference between planned and reactive change, quoting relevant examples
regarding when an organization could utilize either of the two. (10 Marks)
QUESTION THREE
a) Define the terms brain drain and an enterprise culture. (5 Marks)
b) Explain how a country with a well developed enterprise culture could curb brain drain.
(15 Marks)
QUESTION FOUR
a) Outline the role to be played by each of the following:
i) The franchiser (5 Marks)
ii) The franchisee (5 Marks)
b) Explain the reasons why entrepreneurs initiate businesses at the community level. (10 Marks)
QUESTION FIVE
a) According to Joseph Schumpeter, the economic development of a country depends on its ability
to come up with innovations.
i) What is innovation? (5 Marks)
ii) What is the impact of lack of innovation on the development of entrepreneurship in
Kenya? (15 Marks)

Entrepreneurship And Small Business Management Question Paper

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