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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

An entrepreneur is an individual who establishes and manages a business for the principal purpose of making profits and growth.

Discuss the characteristics of a successful entrepreneur (20mks)

QUESTION TWO

Analyze the challenges that are likely to be encountered by an entrepreneur in the initial stages of establishing a business (20mks)

QUESTION THREE

Innovation has moved from a good idea to an imperative one, thus to survive, organizations need to embrace a more proactive approach to innovation, the domain of an entrepreneur.

a. Outline the key strategies and managerial tactics to innovation (10mks)

b. Analyze the barriers to creativity (10mks)

QUESTION FOUR

Your former classmate has been operating a cyber cafe as a sole proprietor. He wishes to expand his business but lacks adequate financial resources. He has approached you to lend him some money to expand his business. You have however suggested that the two of you form a partnership.

Explain to your former classmate the benefits and limitations of operating a partnership. (20mks)

QUESTION FIVE

a. Outline the factors that an entrepreneur should consider when choosing a means of communicating information (10mks)

b. Explain the key stages in the communication cycle. (10mks)

QUESTION SIX

Analyze the factors that contribute to the effectiveness of leadership in the work place (20mks)

QUESTION SEVEN

Abraham Maslow, in his hierarchy of needs theory of motivation suggested that human needs are arranged in a series of hierarchical levels of importance.

a. Explain the criticisms leveled against this theory. (10mks)

b. Explain the problems relating to Maslow's theory in the work place (10mks)

QUESTION EIGHT

Outline the ways in which an entrepreneur can increase productivity in his business entity (20mks)

Entrepreneurship Question Paper

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