Bmgt 414/214: Business Entrepreneurship Question Paper

Bmgt 414/214: Business Entrepreneurship

Course:Bachelor Of Commerce

Institution: Kabarak University question papers

Exam Year:2008

INSTRUCTIONS:
The paper contains five questions
1. Answer questions ONE and any other THREE questions.
QUESTION ONE
(a) Discuss the advantages and challenges of salaried employment as compared to
self-employment. (10 marks)
(b) An entrepreneur wishes to start a new small business in Kampi ya motto trading
centre in the Rift Valley Province. Advice him on;
(i) The factors he needs to consider before starting it.
(ii) The possible sources of funds for his business.
(iii) The various factors he needs to consider before selecting each source of
finance. (15 marks)
QUESTION TWO
(a) Explain giving specific examples the meaning of the following terms;
(i) Innovation
(ii) Discovery
(iii) Invention (9 marks)
(b) Discuss technology policies in Kenya in reference to the sessional paper number
two of 1992 by the Government of Kenya. (6 marks)
QUESTION THREE
(a) Discuss the rationale of studying entrepreneurship within the context of small
business. (5 marks)
(b) Explain the specific challenges that hinder the success of women small scale
entrepreneurs. (10 marks)
QUESTION FOUR
(a) Explain the legal aspects required for starting a small business in Kenya.
(6 marks)
(b) Discuss the advantages and challenges of running a family business.
(9 marks)
QUESTION FIVE
(a) How can a viable business opportunity be identified? (5 marks)
(b) Many aspects of an entrepreneurs’ background have been explored by
researchers, but only a few have differentiated the entrepreneur from the general
populace of managers. Identify and discuss five background areas explored.
(10 marks)

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