Buss 348:Business And Government Question Paper
Buss 348:Business And Government
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2010
FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTMENT : BUSINESS ADMINISTRATION
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions
Question 1
a) What is economic utility? Giving examples, discuss the four major types of economic utility (10Marks)
b) i) Outline the role of small businesses in the development of the Kenyan economy today ( 5 Marks)
ii) Highlight the requisites for starting and managing small businesses in Kenya?(5 Marks)
c) Explain the ways and means by which closer understanding between business and the Government can be fostered? (10 Marks)
Question 2
Explain at least one factor that executives will need to take into account in each of the following business environments, highlighting how this factor is likely to affect the functions of business management (20 Marks)
a) Political-legal environment
b) Socio-cultural environment
c) Demographic environment
d) Economic environment
e) Compétitive environment
Question 3
”Government activities are both beneficial and detrimental to business.” Discuss (20Marks)
Question 4
a) What is privatization? (5Marks)
b) Argue a case for and against privatization in Kenya (15Marks)
Question 5
Present a case for and against government ownership of business enterprises in Kenya (20 Marks)
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