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Ucu 104 Entreprenuership Skills Question Paper

Ucu 104 Entreprenuership Skills

Course:Bachelor Of Economics And Finance

Institution: Pwani University question papers

Exam Year:2012

A Constituent College of Kenyatta University
UNIVERSITY EXAMINATIONS 2011/2012 ACADEMIC YEAR
INSTITUTIONAL BASED PROGRAMME
1ST YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
SCIENCE ENVIRONMENTAL STUDIES AND BACHELOR OF EDUCATION (SCIENCE)
COURSE CODE/TITLE:UCU 104:
ENTREPRENEURSHIP AND SMALL
SCALE BUSINESS
DURATION: 2 HOURS

INSTRUCTIONS
1. Answer COMPULSORY QUESTION ONE and any other TWO QUESTIONS
2. Read and understand the questions before attempting them.
3. Marks for each question are indicated in brackets ( )
Question One
a) Define and analyze the definition of the term “ENTREPRENEURSHIP.”
(3 marks)
b) Differentiate between internal communication and external communication,
Indicating the importance of each in small scale business management.
(5 marks)
c) List and explain with appropriate examples, the three broad phases of entrepreneurship development process. (6 marks)
Page 2 of 3
d) Describe the major preparations necessary before engaging in business activity
(4 marks)
e) Usafi Metal workshop has 6 workers, they produce and sell cabinets, tables and
Chairs. In the month of January 2010, they worked for 8 hours a day for 22 days.
Other information available for your perusal include:
Item Direct material Hours needed to produce
Cost/product (Kshs) one unit of product
Cabinet 3800.00 10
Table 2400.00 8
Chair 1800.00 6
Indirect cost per month:
Item Amount(Kshs)
Rent 4000.00
Electricity 2800.00
Transport 1600.00
Insurance 2300.00
Using the above information, calculate:
i) Total indirect costs for the month. ( ½ mark)
ii) Total labour hours for the month ( ½ mark)
iii) Indirect costs per hour ( ½ mark)
iv) Total indirect costs for each product ( 1 ½ marks)
v) Total costs for producing each product ( 1 ½ marks)
f) Given that:
Year 0 1 2 3 4 5
Cash flow Project 1: -$1500 +$600 +$500 +$400 +$200 +$100
Cash flow Project II: -$1500 +$300 +$500 +$400 +$300 +$300
i) Using the pay back method of project appraisal, which project should one
Accept and why (show your work step by step) (6 ½ marks)
Page 3 of 3
g) Mr. Kazungu has the following data concerning his Agro-Vet shop in Kilifi
Date Details Amounts (kshs)
1/2/10 cash balance 13000.00
1/2/10 Bank balance 15000.00
1/2/10 Cash sale 4000.00
2/2/10 Bank deposit 5000.00
3/2/10 Sales by cheque 2000.00
4/2/10 Bank withdrawal 10000.00
5/2/10 Cash purchase 8000.00
6/2/10 Purchase by cheque 7000.00
i) Prepare Mr. Kazungu’s cash book and make the postings. (4 marks)
ii) What was the cash balance on 5/2/10 ( ½ mark)
iii) What was the Bank balance on 6/2/10 ( ½ mark)
h) Describe product or service life cycle. (6 marks)
Question Two
List and explain clearly the types of short term financing in business management.
(15 marks)
Question Three
Briefly outline historical development of entrepreneurship in Kenya since independence.
(15 marks)
Question Four
You have been invited to address a group of Entrepreneurs who are interested in knowing how they can successfully operate their businesses. Make your presenetation with specific emphasis on avoidance of Business failure.
(TOTAL 70 MARKS)

Ucu 104 Entreprenuership Skills Question Paper

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