Entrepreneurship Education Question Paper

Entrepreneurship Education

Course:

Institution: Nyeri Technical Training Institute question papers

Exam Year:2010

Nyeri Technical Training Institute
Department Of Electrical And Electronics Engineering
End Of Stage Examination
Entrepreneurship Education (EPE).
Craft Course: ELC & EC 010.
July 2011.
Time: 2 HRS.

Instructions
Attempt all questions
1. (a) Why is it important to procure goods and services through rendering? (2 marks)
(b) List two methods of tendering. (1 marks)
(c) Give five members that constitute District Tender Board, indicate its quorum and frequency. (4 marks)
2. (a) Define the term market (2 marks)
(b) State four characteristics of a good market (4 marks)
3. (a) What is the role of a family in a business? (2 marks)
(b) State the important of business to a family. (2 marks)
(c) Give four advantages for using an external manager instead of a family members in managing a family business (2 marks)
4.(a) List four competition practices in business that are regards as unethical (2 marks)
(b) List and explain what business managers need to know in order to make good decisions. (5 marks)
(c) State six characteristics of a good solutions to a problem. (3 marks)
5. What is a business plan? (2 marks)
(a) List six element of a business plan?
(3 marks)
6. (a) State three possible sources of equity financing in a business. (2 marks)
(b) Give three advantages and three disadvantages of equity financing in business. (2 marks)
(c) Government and non-governmental agencies are involved in business financings. List down five such agencies. (3 marks)
7. Define the term contract. (1 mark)
(a) State four characteristics of a good business opportunity. (4 marks)
(b) List five roles of an entrepreneur in a business enterprise. (5 marks)

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