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Buss 114: Entreprenuership Question Paper

Buss 114: Entreprenuership

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2009

KENYA METHODIST UNIVERSITY

END OF THIRD TRIMESTER 2009 EXAMINATIONS

FACULTY : ARTS AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION AND COUNSELING
COURSE CODE : BUSS 114
COURSE TITLE : ENTREPRENEURSHIP
TIME : 2 HOURS

INSTRUCTIONS
• Answer ANY FOUR Questions
• Clarity is given to expression of ideas and use of relevant examples

Question 1
a) Define the following terms
(i) Entrepreneurship,
(ii) Entrepreneur
(iii) Entrepreneurial behavior (7marks)

b) Identify and explain three types of entrepreneurship. (8marks)

Question 2
Entrepreneurship has been found to have tremendous benefits both to the entrepreneur and the country as a whole. Enumerate and explain the importance of entrepreneurship to both the individual engaging in business activities and the country as a whole. (15marks)

Question 3
a) It has been argued that Kenyans score low on entrepreneurship as compared to many other developed societies. As a Kenyan what do you think should be done to promote and create an enterprising culture among Kenyans? (10marks)
b) Explain five sources of business finance (5 marks)

Question 4
a) There are specific behaviors that have been found to be common among successful entrepreneurs all over the world. Identify and explain these behaviors (10 marks)
b) Explain five methods used by entrepreneurs to market their business (5 marks)

Question 5
a) What is a business plan? Explain the Various components of a business plan. (10marks)
b) Why is it necessary to undertake a self assessment before initiating a business? (5marks)

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