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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 questions
Question One
According to the International Labor Organization (ILO), entrepreneurs are those people who have the ability to see and evaluate business opportunities, together with the necessary resources to take advantage then and to initiate appropriate action to ensure success. Highlight and dispel the myths that have arisen about the concept of entrepreneurship in Kenya.
(10 Marks)
Entrepreneurs are nurtured and not born. Discuss this statement.
(10 marks)
In your opinion what are the advantages of entrepreneurship to society?
(10 marks)

Question Two
Getting finance for a business is one of the most important activities that entrepreneurs face. What are the advantages of equity financing as opposed to debt financing for upcoming business?
(10 marks)
Small businesses are vulnerable and need financial backing to succeed. What are some of the factors that may influence the ability of a small business to raise money?
(10 marks)

Question Three
Giving examples of emerging businesses, discuss any five sources of business ideas.
(10 marks)
Explain five factors that entrepreneurs have to consider when screening and evaluating a business opportunity.
(10 Marks)

Question four
Discuss the challenges that small businesses face in their quest for survival in Kenya.
(10 marks)
Discuss the role that small businesses play in economic development in Kenya.
(10 Marks)

Question Five
A large percentage of businesses that are set up fail during the first three years of operation. Give reasons why this is the case.
(10 Marks)
Entrepreneurs are leaders and as such they must motivate and lead employers. Using relevant examples, discuss this statement.
(10 marks)

Entrepreneurship B(Entr 032) Question Paper

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