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Entrepreneurship Question Paper

Entrepreneurship

Course:Cpa Part I

Institution: Orbit School Of Management Studies question papers

Exam Year:2006

ENTREPRENEURSHIP

2006.

Answer any FIVE questions.

QUESTION ONE

a. Studies carried out on entrepreneurial origins have found out that the emergence of entrepreneurs is related to cultural values and specific views on certain activities and concepts.

Discuss the cultural values that would encourage the development of entrepreneurial practices. (12mks)

b. State the advantages of entering into self-employment (8mks)

QUESTION TWO

Commonly cited cause of business failure by entrepreneurs is lack of business finance.

Briefly explain the factors that an entrepreneur should put into consideration when determining the most suitable source of capital for his business (20mks)

QUESTION THREE

Discuss the strategies that an entrepreneur can adopt to manage conflict amongst various groups in a business firm (20mks)

QUESTION FOUR

a. Differentiate between creativity and innovation (4mks)

b. According to Peter Schumpeter (1934), "creativity is a key to determining aspects of entrepreneurship".

Briefly explain the qualities of a creative person. (7mks)

c. Outline the measures that an entrepreneur would take to gain a competitive edge over her competitors. (9mks)

QUESTION FIVE

Discuss five methods that an entrepreneur could adopt to protect her intellectual property rights. (20mks)

QUESTION SIX

a. Highlight the qualities of a good report. (8mks)

b. List the advantages of preparing market reports to a business organization (6mks)

c. Highlight the measures that a participant should take to facilitate good performance in a meeting (6mks)

QUESTION SEVEN

Discuss contributions of the government and non-governmental organizations to enterprise development in your country. (20mks)

QUESTION EIGHT

a. Explain the benefits that would accrue to a business firm that implements production control in its operations. (10mks)

b. Explain the difficulties that an entrepreneur would encounter when developing and maintaining network relations (10mks)

Entrepreneurship Question Paper

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