Buss 114: Entreprenuership Question Paper
Buss 114: Entreprenuership
Course:Business Administration
Institution: Kenya Methodist University question papers
Exam Year:2010
KENYA METHODIST UNIVERSITY
END OF 1ST TRIMESTER 2010 EXAMINATIONS
FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTMENT : BUSINESS ADMINISTRATION
COURSE CODE : BUSS 114
COURSE TITLE : ENTREPRENEURSHIP
TIME : 2 HOURS
INSTRUCTIONS
• Answer Question ONE and any Other TWO Questions
Question 1
a) Define the following terms
i) Innovation
ii) Entrepreneurial Risk
iii) Entrepreneurial skills
iv) Entrepreneurial culture (4marks)
b) Compare business managers and entrepreneurs in terms of their roles and character (6marks)
c) Enumerate the role of Richard Cantillon and Joseph Schumpeter in entrepreneurship
development. (6marks)
d) What is social entrepreneurship (4marks)
e) How can individual entrepreneurs promote positive self-entrepreneurial image (10marks)
Question 2
a) “Running a business without keeping proper records is like driving a car without a fuel gauge. And even so, keeping records alone is not enough. You need to use them” In view of this:-
i) How do a fuel gauge compare to business records (2marks)
ii) What type of decisions would record help an entrepreneur to make (5marks)
iii) Why do some entrepreneurs opt not to keep records (5marks)
b) Discuss the various factor that may contribute to the collapse of a partnership (8marks)
Question 3
a) Mr Emilio has just concluded a three day workshop on entrepreneurial opportunities that was sponsored by Finger of God Inc and the ILO. Emilio has now about twenty (20) business ides in his basket. He needs to evaluate them to pick just one great opportunity for his life.
i) How should he go about evaluating these ideas (10marks)
ii) Why should he implement the selected idea immediately (5marks)
b) What are the options open to an entrepreneur whose business has entered maturity and showing signs of decline (5marks)
Question 4
a) Discuss the concept of business planning as a business management tool (10marks)
b) “Entrepreneurship performance is a function of socio-cultural background of the entrepreneur, his motivation ability and the environment”. Discuss the statement (10marks)
Question 5
a) Describe the components of a conducive business environment (5marks)
b) Enumerate the various sources of entrepreneurial skills (5marks)
c) With the aid of a diagram, show stage-wise the various managerial activities of a business in its life span (10marks)
More Question Papers