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Buss 348: Business And Government Question Paper

Buss 348: Business And Government

Course:Business And Government

Institution: Kenya Methodist University question papers

Exam Year:2008

KENYA METHODIST UNIVERSITY

END OF SECOND TRIMESTER 2008 EXAMINATIONS

FACULTY : BUSINESS AND MANAGEMENT STUDIES
DEPARTEMENT : BUSINESS ADMINISTRATION
COURSE CODE : BUSS 348
COURSE TITLE : BUSINESS AND GOVERNMENT
TIME : 2 HOURS

INSTRUCTIONS:
• Answer Question ONE (Compulsory) and any other TWO Questions

Question 1
(a) Distinguish between the following sets of terms:
(i) Capitalism and communism (4 marks)
(ii) Democracy and dictatorship (4 marks)
(iii) Power and authority (4 marks)
(iv) Leadership and management (4 marks)

(b) As we moved from a state-controlled economy to a more market-oriented economy in the nineteen nineties, the Kenya government undertook macro-economic reforms which should have served us well, were bogged down by corruption, mismanagement, unmanageable borrowing in the domestic market, poorly conceived public investments, wastefulness and general bad governance in government and the public sector. We now realize that the unfinished business of reforming the state and its operations so that good governance can prevail under democracy and the rule of law is vital to the recovery process. This requires our own political resolve and commitment before we even tackle the issues of institutional reforms and the enacting of new good governance laws. While maintaining a sound macro-economic framework, this Recovery Program gives priority to good governance and the rule of law as the foundation of our economic growth. In this regard, reforms are proposed that will deepen and institutionalize growth with macroeconomic stability, good governance, the rule of law, public security and social solidarity.

Required:
(i) Highlight any four structural reforms that would have enhanced business environment (8 marks)

(ii) Suggest six ways through which the government can strengthen the institutions of governance and rule of law (6 marks)

Question 2
(a) State six sources of revenue for the government (6 marks)
(b) Explain the role played by local authorities (14 marks)

Question 3
Discuss the obligation of the business community with respect to the government. (20 marks)

Question 4
(a) Explain some of the effects of reduced business licenses as highlighted by this year’s budget. (10 marks)

(b) Argue for duty free market as operated in Dubai (10 marks)

Question 5
(a) Discuss five factors that support attractive investment environment (10 marks)

(b) Give any five set backs the business community risk facing as a result of the strengthening of the Kenyan shilling. (10 marks)

Buss 348: Business And Government Question Paper

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