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Agbm 101:Introduction To Business Question Paper

Agbm 101:Introduction To Business

Course:Bachelor Of Arts (Economics & Sociology)

Institution: Chuka University question papers

Exam Year:2013

INSTRUCTIONS:
(i) Answer question ONE (Compulsory) and any other two questions only.
(ii) Do not write on the question paper.
1. (a) Explain the term business. [4 marks]
(b) Business plays an important role in the society; therefore there is need for establishment of more businesses. Explain the various reasons for establishing business. [6 marks]
(c) Explain how business shall be responsible to the following:
(i) Shareholders [4 marks]
(ii) Customers [4 marks]
(iii) Creditors [4 marks]
(d) Critically analyse the current Kenyan environment and its effect to establishment
and prosperity of business. [8 marks]
2. (a) Mwangi and Otochi are graduates form Chuka University and are interested
to start a business of either partnership or company in which they are not aware of what entails them.
(i) Explain the features of partnership and public company. [10 marks]
(ii) Outline the advantages they can get in establishing partnership
instead of a public company. [6 marks]
(b) Outline any eight characteristics of good businessman. [4 marks]
2
3. (a) You are leading seven friends you finished the College with in establishing a
business. As a promoter you intend to register a public company as a basis of starting business. As per the Kenya’s companies act Cap 486, explain the procedures of registering a company in Kenya to the point of commencing business. [16 marks]
(b) Explain why it is necessary for every business to plan and finance social
responsibility activities. [4 marks]
4. (a) In each of the following factors explain how they are likely to affect business
operations and growth.
(i) Political-legal environment [4 marks]
(ii) Economic environment [4 marks]
(b) Vision 2030 is the Kenya’s economic flagship of driving the country to a middle
level developed country.
(i) Describe the pillars of this vision. [4 marks]
(ii) Explain

Agbm 101:Introduction To Business Question Paper

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