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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
INSTRUCTIONS
Answer question one and any other two questions.
Question One
Explain the role of entrepreneurship in economic development in Kenya.
(10 Marks)

"A registered youth group has approached you for assistance in writing a business plan for funding from constituency Development fund." Using relevant examples highlight six sections that a person preparing a business plan should consider.
(12 Marks)

Define the following terms as used in entrepreneurship
(8 Marks)
Entrepreneur.
Entrepreneurship.
Innovation.
Intrapreneurship.

Question Two
Briefly explain the key characteristics of successful entrepreneurs.
(10 Marks)

Explain five reasons for slow growth of entrepreneurship in developing countries.
(10 Marks)

Question Three
Discuss the key internal and external entrepreneurial motivation factors behind entrepreneurial growth.
(10 Marks)

Explain citing examples of the various sources of finance during the start up phase of the business cycle.
(10 Marks)

Question Four
"The terms entrepreneur and manager are many times used interchangeably yet are different." Explain this statement.
(5 Marks)

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

Describe the stages in the business life cycle.
(10 Marks)

Question Five
Explain the main reasons why small businesses fail.
(10 Marks)

Describe the stages in the business entrepreneurial process.
(10 Marks)

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