Buss 114: Entreprenuership Question Paper
Buss 114: Entreprenuership
Course:Education And Pre-University
Institution: Kenya Methodist University question papers
Exam Year:2011
FACULTY : EDUCATION & SOCIAL SCIENCES
DEPARTMENT : EDUCATION AND PER-UNIVERSITY
TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions
Question 1
a) Define the term “Entrepreneurship” (2marks)
b) Who is an entrepreneur? (2marks)
c) Briefly discuss four characteristics of an entrepreneur. (8marks)
d) Identify and discuss the reason for slow growth of entrepreneurship in a developing economy. (8marks)
Question 2
a) A successful business rests on sound record keeping practices. Identify at least four (4) basic records and explain why record keeping is necessary in business (8marks)
b) Define the term entrepreneurial motivation and explain the different factors that motivate people to become entrepreneurs. (12marks)
Question 3
a) What is a business plan? (2marks)
b) Why should an entrepreneur develop a business plan. (6marks)
c) Outline the main components of a business plan. (6marks)
d) Discuss the reasons of subjecting a business idea to a feasibility analysis. (6marks)
Question 4
a) What is small business? (2marks)
b) Discuss the important role small businesses play in our nation`s economy. (10marks)
c) What are the main functions of an entrepreneur in the Management of human resource of an enterprise. (8marks)
Question 5
a) In your own words, what do you understand by the term “Legal forms of business ownership”. (3marks)
b) List at least three (3) Legal forms of business ownership. (3marks)
c) Assume you are planning to a start a small enterprise. How would you choose the appropriate form of ownership pattern for your enterprise? (14marks)
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