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Ird 305: Entrepreneurship For Small Businesses Question Paper

Ird 305: Entrepreneurship For Small Businesses

Course:Entrepreneurship For Small Businesses

Institution: University Of Eldoret question papers

Exam Year:2015

UNIVERSITY OF ELDORET

UNIVERSITY EXAMINATIONS
2014/2015 ACADEMIC YEAR
REGULAR EXAMINATIONS
FOR THE
COMMON COURSES
COURSE CODE: IRD 305
COURSE TITLE: ENTREPRENEURSHIP FOR
SMALL BUSINESSES
DATE: 13TH APRIL,2015 TIME:9.00 A.M-12.00 NOON
INSTRUCTIONS TO CANDIDATES
-SEE INSIDE

INSTRUCTIONS
Answer all questions in section A and any other three questions from section B

SECTION A
QUESTION ONE
Kioko intends to go into business three years after he got employed by Poverty Focus,a Non Governmental Organization. Before initiating the business he realized that he had to generate business ideas. Kioko also established that he should first ensure that his business has to be of good potential in order for him to sustain and have it taken into success.
Required
a)Why should Kioko generate business ideas before delving into entrepreneurship? (10mks)
b)Bring out at least five points which explain the characteristics of a good business opportunity
(5mks)
QUESTION TWO
Entrepreneurship in a country help bring put social stability and balance development throughout the whole regions. Discuss this assertion giving example of Kenya''s scenario
(10mks)
SECTION B
QUESTION THREE
a) Business Ethics refer to the system of moral practices applied to business activities. What are the features of business ethics.(10mks)
b) Cite some of the business practices which may be considered as unethical in the society(5 mks)
QUESTION FOUR
Training is a short term process utilizing systematic and organized procedure by which non managerial personnel learn technical knowledge and skills for definite purpose
a) What is the need for training in a business organization? (10mks)
b) Briefly explain the methods of training employees under the on-the-job Training.
QUESTION FIVE
a) Marketing segment of business plan has important areas to be considered and focused by the top marketing executives of an organization. State and discuss any five areas of this segment (10mks)
b)i) One of the courses of business failure is the decision to invest too much cash on fixed assets. Explain (2.5 mks)
ii) Why is knowledge on taxation system of any country very critical to an entrepreneur? (2.5mks)
QUESTION SIX
a) It is obvious that not every individual is good in entrepreneurship or self employment since there are factors to be considered in order for one to succeed. Identify and discuss five personal factors for one to consider as requirement for to successfully enter into self-employment (10mks)
b) What are some of the entry path ways to entrepreneurship? (5marks)

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Ird 305: Entrepreneurship For Small Businesses Question Paper

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