Get premium membership and access revision papers, questions with answers as well as video lessons.

Theories Of Entrepreneurship Question Paper

Theories Of Entrepreneurship

Course:Diploma In Business Management

Institution: Kca University question papers

Exam Year:2010

UNIVERSITY EXAMINATIONS: 2009/2010
STAGE I EXAMINATION FOR DIPLOMA IN BUSINESS MANAGEMENT
BUD 005: THEORIES OF ENTREPRENEURSHIP
DATE: APRIL 2010 TIME: 1½ HOURS
INSTRUCTIONS: Answer any THREE questions
Question One
a) Define the term entrepreneurship (2 Marks)
b) Explain any four entrepreneurial characteristics/ traits (8 Marks)
c) Discuss five roles of entrepreneurs in a society (10 Marks)
Question Two
a) Briefly explain the importance of innovation in entrepreneurship (2 Marks)
b) Discuss four immediate problems a new entrepreneur may have in starting and operating a
business (8 Marks)
c) Explain five motivating factors in starting and operating a small business
(10 Marks)
Question Three
a) Identify three sources of short term business finance and three sources of long term business finance (6 Marks)
b) Differentiate between line and functional organizational structures (4 Marks)
c) Explain the stages of business life cycle (8 Marks)
d) List two importance of a business plan (2 Marks)
Question Four
a) Identify three advantages of buying an existing business and two disadvantages of franchising a business (5 Marks)
b) List and explain any three business laws and regulations that concern businesses in Kenya
(3 Marks)
c) Define the term contract (2 Marks)
d) Explain five objectives of marketing promotions (5 Marks)
e) Identify five tools of financial management (5 Marks)
Question Five
a) Discuss three factors that affect business growth (6 Marks)
b) Give two factors that can lead to requirement of a new technology in a business (2 Marks)
c) Differentiate between functional and psychological benefits of a product to a customer
(4 Marks)
d) Outline the procedure followed in conducting a market survey (8 Marks)

Theories Of Entrepreneurship Question Paper

More Question Papers

Popular Exams