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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:2011

SCHOOL : SCHOOL OF BUSINESS AND ECONOMICS

DEPARTMENT : BUSINESS ADMINISTRATION

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1

a) Explain the following terms

i) Public expenditure (5marks)

ii) Fiscal policy (5marks)

iii) Economic integration (5marks)

iv) International trade. (5marks)

b) Explain five limitation of government regulation on business. (10marks)

Question 2

a) Price and market mechanism creates economic freedom and efficiency. Discuss the behaviour of market forces and the economic role of the government. (10marks)

b) The government describes the rules of business game. Explain FIVE types of rules prescribed to control business behaviour. (10marks)

Question 3

a) Discuss the importance of government budgeting as an instrument of planning. (10marks)

b) Describe the function of taxation to government. (10marks)

Question 4

a) There are barriers to government and business relationship. Discuss five reasons why there is clash of ethics in the relationship. (10marks)

b) Explain measure taken by the government to protect the society from exploitations business. (10marks)

Question 5

a) Discuss factors that have encouraged globalization and liberalization. (10marks)

b) Kenya investors are moving out to the emerging market in East Africa region to capture the business opportunities. Explain the advantages of private foreign investors.(10marks)

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