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Introduction To Business Question Paper

Introduction To Business

Course:Bachelor Of Commerce

Institution: Kabarak University question papers

Exam Year:2009

INSTRUCTIONS:
Question One is COMPULSORY.
Answer any other two questions.
QUESTION ONE
a) Briefly differentiate between Macro and Micro Environment of business
organizations. (10mks)
b) Explain how the following components of business environment can affect
business organizations in Kenya.
i) Political and legal systems. (5mks)
ii) Economic Environment. (5mks)
iii) Technological Environment (5mks)
iv) Competitive Environment. (5mks)
QUESTIONS TWO
a) Define the term entrepreneurship. (2mks)
b) Identify and explain the characteristics of a successful entrepreneur.
(8mks)
c) What are the advantages and disadvantages of operating sole trader type of
business? (10mks)
QUESTION THREE
Describe the type of business organizations named below, with reference to their
formation ownership, source of capital and management.
i) Partnership. (10mks)
ii) Joint Venture. (10mks)
QUESTION FOUR
a) Define the term “Money”. (2mks)
b) Explain the function and qualities of money (8mks)
c) What is the role of Commercial banks in business? (10mks)
QUESTION FIVE
a) What is Management? (2mks)
b) Briefly describe the features/characteristics of management? (9mks)
c) State and briefly give the functions of the three broad levels of management in
organizations. (9mks)

Introduction To Business Question Paper

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