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Entrepreneurship Question Paper

Entrepreneurship

Course:Cpa Part I

Institution: Orbit School Of Management Studies question papers

Exam Year:2007

ENTREPRENEURSHIP

2007.

Answer any five questions.

QUESTION ONE

a. Explain the environmental factors that an entrepreneur should take into consideration when starting a business firm (10mks)

b. Name and explain five sources of business ideas available to an entrepreneur. (10mks)

QUESTION TWO

List and discuss the challenges that small scale business firms encounter in your country. (20mks)

QUESTION THREE

a. Discuss the self evaluation methods that an entrepreneur can adopt to analyze his competitiveness in the market (12mks)

b. Briefly explain four types of risks that are faced by an entrepreneur (8mks

QUESTION FOUR

a. Explain five internal factors that motivate a person to become an entrepreneur. (10mks)

b. Resistance to change has ordinarily been associated with change and accepted as a major element of a change process.

Give a brief account of ways that a business organization can adopt to reduce resistance to change by employees (10mks)

QUESTION FIVE

a. Define the following forms of communication:

i. Downward communication (2mks)

ii. Upward communication (2mks)

iii. Lateral communication (2mks)

b. Explain the benefits that accrue to a business enterprise that uses upward form of communication. (14mks)

QUESTION SIX

a. What is a marketing plan? (2mks)

b. State and briefly explain the contents included in a marketing plan. (18mks)

QUESTION SEVEN

Discuss the factors that lending institutions take into consideration when appraising a loan application form for a business venture. (20mks)

QUESTION EIGHT

a. Briefly explain three tendering methods available to an entrepreneur who supplies goods to the local market. (6mks)

b. State the information that an entrepreneur provides to a potential customer when tendering for the supply of goods or services. (6mks)

c. Identify any four items that are contained in tendering documents (8mks)

Entrepreneurship Question Paper

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