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Entrepreneurship(Entr 032) Question Paper

Entrepreneurship(Entr 032)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Question One
Define the following terms as used in entrepreneurship.
(8 Marks)
Entrepreneur.
Innovation.
Invention.
Business plan.
Explain citing examples the various sources of finance during the start up phase of the business cycle.
(10 Marks)

Discuss the role of entrepreneurship in the growth and development of any society.
(12 Marks)

Question Two
Explain the various means of generating a business idea.
(10 Marks)

Discuss the main reasons why small businesses fail.
(10 Marks)

Question Three
Explain key personal characteristics of entrepreneurs.
(10 Marks)

Discuss the myth "Entrepreneurs are born, not made".
(10 Marks)

Question Four
A prospective entrepreneur would wish to start a small business advice on the guidelines he should follow to assess the business opportunities in his area of interest.
(10 Marks)

Briefly discuss why small businesses should plan for growth.
(10 Marks)

Question Five
Briefly discuss the components of a business plan.
(10 Marks)

What is the importance of a business plan and why don’t many business owners write them?
(10 marks)

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