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Fundamentals Of Entrepreneurship(Buss 221) Question Paper

Fundamentals Of Entrepreneurship(Buss 221)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS

Instructions:
Answer question one and any other TWO.
Question One
Entrepreneurs are the key players in economic development of any nation. Discuss the main functions of entrepreneurs in any economy. (8mks)
Explain the main factors that motivate entrepreneurs to continue venturing in different types of business start ups.
(6mks)
Entrepreneurship education is a powerful tool for economic empowerment. Discuss the main reasons why its important for people to study entrepreneurship.
(6mks)
Explain the meaning of the following
Creativity
Technopreneurship
Social entrepreneurship
Market miche
Political entrepreneurship
(10mks)

Question Two
With relevant examples critically discuss the strategies that the Government of Kenya has employed to promote entrepreneurship development in its quest to achieve Kenya vision 2030 and the Millennium development goals. (20mks)

Question Three
Explain the various techniques that an entrepreneur can apply in creative problem solving.
(10mks)
Critically discuss the role of an entrepreneur as a human resource manager.
(10mks)

Question Four
Despite the existing economic political and social challenges facing Micro and small business enterprises (MSES) they still grow and are found everywhere in the country. Discuss the challenges facing small business enterprises in Kenya.
(10mks)
Explain the major advantages that a sole proprietor enjoys over partnership form of business organization.
(10mks)

Question Five
Explain briefly the main contents of a business plans executive summary.
(10mks)
Discuss the main sources of capital for medium and small enterprises in Kenya citing examples where appropriate.
(10mks)

Fundamentals Of Entrepreneurship(Buss 221) Question Paper

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