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Buss 348:Business And Government Question Paper

Buss 348:Business And Government

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

KENYA METHODIST UNIVERSITY

END OF 1''st ''TRIMESTER 2012 EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 348
UNIT TITLE : BUSINESS AND GOVERNMENT

TIME: 2 HOURS

INSTRUCTIONS

Answer question one and any other two.

Question One

Briefly explain the following terms:-

Economic integration.

(2 Marks)

Mixed goods.

(2 Marks)

Economic freedom and efficiency.

(2 Marks)

Fiscal policy.

(4 Marks)

Budgetary policy.

(5 Marks)

Sessional paper No.10 1965 describes the main principles of capitalism. Discuss how policy framework was organized by the Kenya Government to achieve these principles.

(15 marks)

Question Two

Business behaviour is guided by broad rules. Describe in detail how George Steiner outlined the roles of the government in managing business relationship.

(15 marks)

Explain five limitations of government regulations.

(5 Marks)

Question Three
National welfare is a function of the amount of quality of wellbeing of the society. Explain three main pillars used by the government in the provision of welfare to its citizen. (20 marks)

Question Four

There are various instrument used by the Kenya government through Central Bank to achieve economic goals. Discuss the various approaches used and give practical examples.

(10 Marks)

Discuss how taxation impact on production and distribution of public resource in Kenya.

(10 Marks)

Question Five

State how enterprises have played a major role in economic development in Kenya. Explain the benefits of public enterprises.

(10 marks)

Business, Government and the society (BGS) each has a role to play in building good relationship. Describe in detail why each is justified to protect business environment.

(10 Marks)

Buss 348:Business And Government Question Paper

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