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Hrd2401:Entrepreneurship Skills Question Paper

Hrd2401:Entrepreneurship Skills

Course:Bachelor Of Supplies Management

Institution: Meru University Of Science And Technology question papers

Exam Year:2013

QUESTION ONE – (30 MARKS)
(a) Differentiate self employment from salaried employment citing an example in each. (3 Marks) (b) Differentiate creativity from innovation. (2 Marks) (c) Identify and discuss five characteristics of entrepreneurs. (5 Marks) (d) Explain the factors one needs to consider when starting a small business. (5 Marks) (e) Critically analyze the process of human resource management as used in enterprise management. (5 Marks) (f) Identify and discuss five sources of business ideas. (5 Marks) (g) Explain five social concerns of enterprise. (5 Marks)
QUESTION TWO – (20 MARKS)
(a) Discuss the business life cycle and illustrate your answer using a diagram. (8 Marks) (b) Identify one expansion strategy and critically discuss the strategy. (7 Marks) (c) Discuss any five myths associated with entrepreneurship. (5 Marks)
QUESTION THREE – (20 MARKS)
(a) Identify and discuss the components of a business plan. (12 Marks) (b) Discuss any four types of entrepreneurs citing relevant examples. (8 Marks)
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QUESTION FOUR – (20 MARKS)
(a) Discuss any two (2) forms of business ownership giving three advantages and three disadvantages of each. (10 Marks) (b) (i) Define the term ‘decision making’ as used in business. (1 Mark) (ii) Discuss the steps followed in making decisions. (4 Marks) (c) Discuss the importance of sound financial management for an entrepreneur. (5 Marks)
QUESTION FIVE – (20 MARK)
(a) Identify and explain five personal barriers and five external barriers to self employment. (10 Marks) (b) Discuss five criteria that an entrepreneur can use to evaluate sources of business finance. (10 Marks)

Hrd2401:Entrepreneurship Skills Question Paper

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