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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 UNIVERTISY

END OF FIRST TRIMESTER 2009 EXAMINATIONS

FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTMENT : BUSINESS ADMINISTRATION
COURSE CODE : BUSS 114
COURSE TITLE : ENTREPRENEURSHIP
TIME : 2 HOURS

INSTRUCTIONS
• Answer Question ONE and any other TWO Questions

Question 1
a) With reference to common examples from the Kenya business scene, distinguish between:
(i) Entrepreneurship and intrapreneurship. (6marks)
(ii) Innovation and creativity. (6marks)
b) Discuss the common qualities that would be associated with one who is a successful entrepreneur, highlighting how each of the qualities would contribute to the success of an enterprise. (12marks)
c) Discuss the economic school of thought and show its contribution to the understanding of entrepreneurship. (6marks)

Question 2
a) A client wants to start a business but he/she does not know how to identify and evaluate business opportunities. Explain how you would advise the client to identify and evaluate business opportunities. (15marks)
b) Why do you think Kenyan organizations should embrace and nurture entrepreneurs? (5marks)
Question 3
a) Describe FOUR basic legal forms of businesses that an entrepreneur needs to choose and adopt before submitting the business plan in request for venture capital. (15marks)
b) Outline the contents of the Deed of Agreement signed by partners (5marks)
Question 4
a) Peter Drucker (1970): “Entrepreneurship is about taking risk.” Comment on this statement. (5marks)
b) Identify the uninsurable risks within a small enterprise and discuss how an entrepreneur can plan to manage such kind of risks to his advantage. (10marks)

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