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Bmgt 111: Introduction To Business Studies Question Paper

Bmgt 111: Introduction To Business Studies

Course:Bachelor Of Education Arts

Institution: Kabarak University question papers

Exam Year:2010

INSTRUCTIONS:
i. The paper contains FIVE questions
ii. Answer Question ONE(COMPULSORY) and ANY OTHER TWO questions
iii. Marks are allocated at the end of each question

QUESTION ONE
a) Briefly differentiate between Macro and Micro Environment of business
organizations. (10mks)
b) Explain how the following components of business environment can affect
business organizations in Kenya.
i) Political and legal systems. (5mks)
ii) Economic Environment. (5mks)
iii) Technological Environment (5mks)
iv) Competitive Environment. (5mks)
QUESTIONS TWO
a) Define the term entrepreneurship. (2mks)
b) Identify and explain the characteristics of a successful entrepreneur. (8mks)
c) What are the advantages and disadvantages of operating sole trader type of
business? (10mks)
QUESTION THREE
Describe the type of business organizations named below, with reference to their
Formation, ownership, source of capital and management.
i) Partnership. (10mks)
ii) Joint Venture. (10mks)
QUESTION FOUR
a) Define the term “Money”. (2mks)
b) Explain the function and qualities of money (8mks)
c) What is the role of Commercial banks in business? (10mks)
QUESTION FIVE
a) Discuss how the main managerial functions are exercised by both business and Nonbusiness
organizations (10mks)
b) Explain what is meant by business social responsibility and state why business should be
socially responsible. (10mks)

Bmgt 111: Introduction To Business Studies Question Paper

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