Buss 114: Entreprenuership Question Paper
Buss 114: Entreprenuership
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2013
KENYA METHODIST UNIVERSITY
END OF 1''ST ''TRIMESTER 2013 (DAY) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 114
UNIT TITLE : ENTREPRENEURSHIP
TIME: 2 HOURS
INSTRUCTIONS
Answer question one and any other two questions.
Question One
Define the term ’entrepreneurship’ and identify the characteristics of ENTREPRENEURS.
(20 Marks)
Entrepreneurship has contributed greatly towards national development. Explain the importance of entrepreneurship to the country.
(10 Marks)
Question Two
All entrepreneurs are business people but not all business people are entrepreneurs. Giving five points explain the means of generating a business idea.
(5 Marks)
What are the factors that affect the choice of a business to start? (5 Marks)
What are the reasons why businesses fail?
(10 Marks)
Question Three
Write short notes on the following theoretical and conceptual base for entrepreneurship (20 Marks)
Psychological perspective.
Sociological perspective
Economic perspective
Management perspective
Question Four
Record keeping is a method of recording all business transactions (activities) expressed in monetary form in a methodical manner as they occur, to which references may be made. Giving ten points explain the importance of maintaining records in entrepreneurship.
(10 Marks)
What are some of the reasons that make business people fail to keep records?
(10 Marks)
Question Five
Define ’small business’ and explain the criteria for describing an enterprise as ’small’
(10 Marks)
Discuss any ten specific problems facing small enterprises in Kenya.
(10 Marks)
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