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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:2013

TIME: 2 HOURS

Instructions
Answer question one and any other two.
Question One
Explain the meaning of the following terms as used in entrepreneurship.
(10 marks)
Technopreneurship
Intellectual property
Corporate entrepreneurship
Innovation
Idea feasibility assessment
With reference to any communities of your choice, outline the main social cultural factors that have had a negative impact on growth of entrepreneurship in Kenya.
(10 marks)
All potential entrepreneurs are advised to screen their business ideas even if its first one. Explain with relevant examples the main factors that an entrepreneur should put on focus when screening their business ideas.
(10 marks)

Question Two
Explain the significance of a marketing plan as major component in business planning.
(10 marks)
One of the main reasons for business failure is poor record keeping. Outline five main reasons why many businesses do not keep proper records of their businesses.
(10 marks)

Question Three
Briefly explain the Schumpeterian theory on entrepreneurship. (5 marks)
Outline five main factors that have been motivating youths and women to venture in business activities lately.
(10 marks)
Highlight five main sources of business ideas for the potential entrepreneurs.
(5 marks)

Question Four
Entrepreneurship is key to creation of wealth in any economy. Highlight ten areas that entrepreneurship is contributing towards our natural development.
(10 marks)
Discuss the main problems that small scale business have been facing in Kenya and suggest possible ways of solving these problems.
(10 marks)

Question Five
In relation to entrepreneurship, Explain
Maslows hierarchy of need theory
(10 marks)
Me Clelland theory of motivation.
(5 marks)
Highlight five key functions of entrepreneurs in one society.
(5 marks)

Fundamentals Of Entrepreneurship (Buss 221) Question Paper

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