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Bmgt 111: Introduction To Business April 2010 Question Paper

Bmgt 111: Introduction To Business April 2010 

Course:Bachelor Of Commerce

Institution: Kabarak University question papers

Exam Year:2010



INSTRUCTIONS:
Answer question ONE and any other TWO questions

1. (a) i) Define the term “business’ and explain why business firms exist.
(5 marks)
ii) Explain the significance of the production concept in business
management. (7 marks)

(b) Explain how the following environmental forces present both opportunities and
threats to business operations:

i) The Economic Environment. (6 marks)

ii) Political/legal Environment. (6 marks)

iii) Technological Environment. (6 marks)

2. (a) Explain the advantages and disadvantages of running the following forms
of business.

i) Partnership. (7 marks)
ii) Public Companies. (7 marks)

(b) Explain what is meant by business social responsibility and state why business
should be socially responsible. (6 marks)

3. (a) Explain the major managerial functions and explain how they are related to
the function of a business firm. (10 marks)

(b) Discuss the roles played by managers of private/public companies in Kenya.
(10 marks)

4. (a) Explain the main characteristics of the sources of financing business activities
in Kenya. (6 marks)

(b) Discuss the role of the National Stock Exchange in the Economic development
of Kenya. (7 marks)

(c) Discuss the role of the Central Bank of Kenya in influencing business activities.
(7 marks)




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