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Entrepreneurship Development And Growth(Entr 331) Question Paper

Entrepreneurship Development And Growth(Entr 331)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1
a) Explain the following terms in the context of entrepreneurship
i) Breakeven point
ii) Cash flow statement
iii) Balance sheet (10marks)
b) Evaluate the challenges faced by enterprises at the growth stage of their life cycle. (10marks)
c) Explain the advantages of starting a limited liability Company. (10marks)

Question 2
a) “In small business firms employees with multi skills are preffered”. Explain with examples. (10marks)
b) Explain the four principles elements of marketing. (10marks)

Question 3
a) Discuss the reasons why small businesses find it difficult to go into production activities.(10marks)
b) Who uses financial statements of an organization and for what? (10marks)

Question 4
a) Discuss the importance of business planning. (10marks)
b) Explain the THREE main levels of business planning in an organization. (10marks)

Question 5
a) Evaluate the effect of government regulations on small business operations in Kenya. (10marks)
b) What do you understand by the phrase, “ Memorandum of Association. (10marks)

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