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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:2010

FACULTY : BUSINESS AND MANAGEMENT STUDIES

DEPARTMENT : BUSINESS ADMINISTRATION

TIME : 2 HOURS

INSTRUCTIONS Answer Question ONE and any Other TWO Questions

Question 1

a) What is economic utility? Giving examples, discuss the four major types of economic utility (10Marks)

b) i) Outline the role of small businesses in the development of the Kenyan economy today ( 5 Marks)

ii) Highlight the requisites for starting and managing small businesses in Kenya?(5 Marks)

c) Explain the ways and means by which closer understanding between business and the Government can be fostered? (10 Marks)

Question 2

Explain at least one factor that executives will need to take into account in each of the following business environments, highlighting how this factor is likely to affect the functions of business management (20 Marks)

a) Political-legal environment

b) Socio-cultural environment

c) Demographic environment

d) Economic environment

e) Compétitive environment

Question 3

”Government activities are both beneficial and detrimental to business.” Discuss (20Marks)

Question 4

a) What is privatization? (5Marks)

b) Argue a case for and against privatization in Kenya (15Marks)

Question 5

Present a case for and against government ownership of business enterprises in Kenya (20 Marks)

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