Enterpreneurship And Small Scale Buniness Management Question Paper
Enterpreneurship And Small Scale Buniness Management
Course:Bachelor Of Business Administration
Institution: Maseno University question papers
Exam Year:2007
1(a) Explain the term "entrepreneurship" according to Timons (1999) and Scheumpter (1984) (3Marks)
(b) "Entrepreneuship is a behavior that can be acquired but can be conditioned by certain factors".Explain (4Marks)
(c) What is the relationship between small-scale business and entrepreneurship?(4Marks)
(d) "Entrepreneurship has distinct process that must be followed".Explain(4Marks)
2(a) The government of Kenya struggles to promote growth of small scale business and recently (2006) established Youth Development Funds.Why should the government endeavour to promote this sector?(10Marks)
(b) Briefly explain the factors constraining lending to small scale enterprises.(5Marks)
3.(a) Explain the factors to be considered by an entrepreneur in choosing a form of business ownership.(8Marks)
(b) The growth of sole proprietorship in Kenya is on the increase.Explain briefly the advantages and disadvantages of this kind or form of business ownership.(7Marks)
4 (a) What is a business plan?(2marks)
(b) Briefly explain the purpose of a business plan to an organization.(8Marks)
(c) Briefly highlight the essentials for ensuring sustainable growth of a business.(5Marks)
5 (a) What are objectives of any business an entrepreneur undertakes(6Marks)
(b) Explain the advantages of purchasing an existing business other than starting one from scratch.(9Marks)
6 (a) Define the term "strategic planning".(2Marks)
(b) Briefly explain the steps in developing a workable strategic plan.(13Marks)
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