Fundamentals Of Entrepreneurship(Buss 221) Question Paper

Fundamentals Of Entrepreneurship(Buss 221)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS

INSTRUCTIONS
Answer question one and any other two questions.

Question One
Explain the meaning of the term entrepreneur.
(4 Marks)

Explain the various form of business ownership while giving the advantage and disadvantages of each.
(10 Marks)

Identify and explain at least three theories of entrepreneurship.
(6 Marks)

What factors motivates people to start and ran new business.
(10 Marks)

Question Two
Distinguish between self employment and entrepreneurship.
(5 Marks)

Describe the key steps in the entrepreneurship process.
(8 Marks)

Distinguish between creativity and innovation.
(7 Marks)

Question Three
Define the term small business and outline the key classifications of small business.
(10 Marks)
What are the primary causes of small business failure in Kenya? (10 Marks)

Question Four
In what ways is the term entrepreneurship conceptualized.
(6 Marks)

Where do business ideas come from?
(6 Marks)

What procedures would one be required to take to start a sole proprietorship type of a business in Kenya.
(8 Marks)

Question Five
Explain the key outline of a good business plan.
(10 Marks)

What constrain do women and handicapped entrepreneurs face in Kenya and how could they be resolved.
(10 Marks)

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