Entr 330: Establishing New Enterprises Question Paper
Entr 330: Establishing New Enterprises
Course:Establishing New Enterprises
Institution: Kenya Methodist University question papers
Exam Year:2008
KENYA METHODIST UNIVERSITY
END OF SECOND TRIMESTER 2008 EXAMINATIONS
FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTEMENT : BUSINESS ADMINISTRATION
COURSE CODE : ENTR 330
COURSE TITLE : ESTABLISHING NEW ENTERPRISES
TIME : 2 HOURS
INSTRUCTIONS:
• Answer Question ONE (Compulsory) and any other TWO Questions
Section A
Question 1
(a) SMEs can be defined using different variables. In your own way, define the term SME
(5 marks)
(b) Entrepreneurship has certain rewards to the entrepreneur. Discuss five such rewards. (10 marks)
(c) Majority of the people in Kenya assume that those in self employment are either school dropouts or those who have not been able to attract a formal job. As an upcoming entrepreneur, how would you foster a positive attitude towards self employment? Discuss five such ways. (10 marks)
SECTION B
Question 2
Business planning is very crucial in any business.
(a) In your own words, what is business planning (5 marks)
(b) A good business plan has certain benefits. Discuss five (5) such benefits (10 marks)
Question 3
Partnership is one of the types of business units. In your own words, outline five circumstances that would lead to the dissolution of a partnership. (15 marks)
Question 4
There is a stage that is referred to as Decline stage in a Business Life Cycle. Discuss five (5) ways in which you, as an entrepreneur would do to revitalize your business from declining. (15 marks)
Question 5
Entrepreneurship has been used as vehicle for poverty reduction in most of the developing economies. Discuss this statement (15 marks)
Question 6
Most business at the Growth stage requires debt financing to accommodate the rapid growth of the enterprise. Discuss five (5) sources of debt financing open to an entrepreneur. (15 marks)
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