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Agbm 103: Principles Of Entrepreneurship Question Paper

Agbm 103: Principles Of Entrepreneurship

Course:Bachelor Of Agribusiness Management

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS

FIRST YEAR EXAMINATION FOR THE AWARD OF DEGREE OF
BACHELOR OF AGRIBUSINESS MANAGEMENT

AGBM 103: PRINCIPLES OF ENTREPRENEURSHIP

STREAMS: AGBM Y1S2 TIME: 2 HOURS

DAY/DATE: MONDAY 12/8/2013 2.30 P.M. – 4.30 P.M.
INSTRUCTIONS:

Answer Question One and any other Two Questions.
Do not write on the question paper.

Q1. (a) Based on the new business ideas generated from the recent Meru Show visit,
Hannah who is doing a degree in Agribusiness Management at Chuka University would wish to start her own business. As an entrepreneur, explain to Hannah what she needs to do and the requirement before the start of the new business.
[12 marks]

(b) Distinguish between a Craft entrepreneur and a Social entrepreneur. [8 marks]

(c) Discuss the main reasons why some people choose to become entrepreneurs
while others prefer being employed. [10 marks]

Q2. (a) Discuss the impact of entrepreneurial firms on the economy of the country and
society. [10 marks]

(b) Discuss the advantages of buying an existing business as opposed to starting
a new one from scratch. [10 marks]

Q3. (a) Discuss the internal and external motivating factors that may contribute to
entrepreneurial development in your country. [12 marks]

(b) Explain at least four tasks of entrepreneurs. [8 marks]
Q4. (a) Distinguish between creativity and innovation and explain why they are
important to an entrepreneur. [8 marks]

(b) Discuss factors that may contribute to small business failure and suggest
Solutions to minimize the failure rate. [12 marks]

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Agbm 103: Principles Of Entrepreneurship Question Paper

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