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Buss 114: Entreprenuership Question Paper

Buss 114: Entreprenuership

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2011

KENYA METHODIST UNIVERSITY
END OF 1''ST ''TRIMESTER 2011 (SCHOOL BASED) EXAMINATIONS
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BUSS 221
UNIT TITLE : ENTREPRENEURSHIP
TIME : 2 HOURS

Q1.
(i) Mary would like to open another branch for her successful Human Resource Consultancy Firm. She would like to finance the expansion through debt financing. Describe seven major considerations that Mary would think about in her choice of this. (14 Marks)

(ii) Daniel is contemplating to start his own small business after a one year search of wage employment which is not forth coming. Describe five main factors that Daniel will consider preparing to be self-employed. (10 Marks).

(iii) Goal setting is an important tool in managing a business. Highlight three reasons for establishing business goals.(6 marks).

Q 2. Describe various techniques that an entrepreneur can apply in creative problem solving. ( 20 Marks).

Q 3. Highlight and describe key factors to entrepreneurship. (20 Marks).

Q 4. According to David McClelland an entrepreneur is energetic and a moderate risk taker.

(i) Discuss McClelland’s’ approach to entrepreneurship. ( 10 Marks ).

(ii) Highlight Five main myths and fallacies associated with entrepreneurship and discuss ways of dealing with them. ( 10 Marks ).

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