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Entrepreneurship(Buss 114) Question Paper

Entrepreneurship(Buss 114)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS

INSTRUCTIONS
Answer question one and any other two questions.
Question One
Define the following concepts as used in entrepreneurship
(10 Marks)
Entrepreneurship.
Entrepreneurship development.
Creativity.
Innovativeness.
Discuss briefly the major sources of small business financing available in Kenya.
(10 Marks)

List down the components of a good business plan.
(10 Marks)

Question Two
Discuss with relevant examples any two theories of entrepreneurship development.
(10 Marks)

What are the critical factors contributing to the majority of small business failure to Kenya?
(10 Marks)

Question Three
Discuss briefly the importance and roles of entrepreneurship in economic development in relation to Kenyan economy.
(10 Marks)

Contrast and give examples of the Schumpeterian view of the entrepreneur with that of Knight Frank.
(10 Marks)

Question Four
Rather than using the personality characteristics, there are other factors that are considered in explaining why people go into self employment. Discuss briefly the PUSH and PULL factors that explain why individuals engage in self employment.
(10 Marks)

Discuss how entrepreneurs generate business ideas.
(5 Marks)

What are the benefits of writing a business plan to an entrepreneur?
(5 Marks)

Question Five
Explain the five factors that an entrepreneur considers when setting a business.
(5 Marks)

Explain the following types of business ownership
(6 Marks)
Proprietorship.
Partnership.
Corporate.
Are entrepreneurs born or made. Discuss.
(9 Marks)

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