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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. Citing relevant examples, briefly explain the role of an entrepreneur in business (10mks)

b. What motivates a person to become an entrepreneur? (10mks)

QUESTION TWO

a. Every entrepreneur aims at being successful. In relation to this statement, explain the skills that an entrepreneur should possess to be successful in running his business (8mks)

b. Highlight six factors to be taken into consideration when selecting a new business opportunity (12mks)

QUESTION THREE

Most small enterprises fail within the first five years of operation.

In view of this statement, identify five causes of business failure and suggest one solution to each case (20mks)

QUESTION FOUR

a. Distinguish between internal and external motivational factors (4mks)

b. Describe the ways used by small enterprise owners to motivate their employees (16mks)

QUESTION FIVE

Explain the importance of business planning to an entrepreneur (20mks)

QUESTION SIX

a. Outline five organizational barriers that can affect the effective management of an enterprise (5mks)

b. Briefly explain the following leadership styles stating two circumstances in which each is applicable:

i. Democratic (5mks)

ii. Autocratic (5mks)

iii. Laissez faire (5mks)

QUESTION SEVEN

Enumerate the measures that a manager of a firm should take to safeguard the firm against the following risks:

a. Theft (5mks)

b. Fire (5mks)

c. Accidents at the work place (5mks)

d. Unfair competition (5mks)

QUESTION EIGHT

An entrepreneur should consider the changes in the development of information technology in the global market.

Discuss the impact of information technology in managing business enterprises (20mks)

Entrepreneurship Question Paper

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