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Entrepreneurship (I) (Buss 114) Question Paper

Entrepreneurship (I) (Buss 114)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME : 2 HOURS

Question One
The word ENTREPRENEURS can be used to describe the characteristics of entrepreneurs. Briefly explain how it describes characteristics.
(10 Marks)

Recording keeping is a method of recording all business transactions (activities) expressed in a methodical manner as they occur. Explain any ten (10) importance of maintaining book keeping/record.
(10 Marks)

Question Two
Entrepreneur is becoming the core business of everybody. Give any ten (10) points that make entrepreneur an important aspect.
(10 Marks)

What problems face small businesses in the country?
(10 Marks)

Question Three
Assume that you want to establish a school in some urban area so that you can get some extra income. Explain the main issues you will consider when establishing one which will be able to compete effectively in the market. (20 Marks)

Question Four
Explain the various challenges facing small businesses in Kenya today and suggest how they can be solved. (20 Marks)

Question Five
A business plan is written document that delineates the proposed venture. It illustrates current status, expected needs and project results of the new business. List its outline (content) (20 Marks)

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