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Entrepreneurship B(Entr 032) Question Paper

Entrepreneurship B(Entr 032)

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
a) What do you understand by the following terms as used in
entrepreneurship?
Entrepreneur
Opportunity
Equity
Innovation.
(8marks)

b) Various myths in the public domain explain the concepts of
entrepreneurship. Discuss FOUR such myths and elaborate clearly the
realities of these myths. (12marks)

c) Distinguish between "entrepreneurs" and "managers". (5marks)

d) Outline any FIVE functions of entrepreneurship in Kenya. (5marks)

Question Two
a) Most potential entrepreneurs are faced with the problems of generating
viable business ideas. Advice on the various means of generating
business idea. (10marks)

b) Citing relevant examples, discuss any FIVE types of possible
entrepreneurship in Kenya. (10marks)

Question Three
a) Mr. John has managed a small enterprise and intends to expand this
business in future. Explain to Mr. John the various sources of finance
for this business. (10marks)

b) Discuss the internal motivations of engaging into business by different
potential entrepreneurs. (10marks)

Question Four
a) Research has it that 92% of the small businesses never leave to celebrate their third birthday. Explain the reasons for the high business failures among these small business operators. (10marks)

b) Discuss any FIVE elements that should be included when writing the executive summary of a business plan. (10marks)

Question Five
a) Discuss the various contributions of entrepreneurship to the economy of
Kenya. (10marks)

b) Explain any FIVE reasons why business owners are not keen to write
business plans. (10marks)

Entrepreneurship B(Entr 032) Question Paper

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