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Entrepreneurship Question Paper

Entrepreneurship

Course:Cpa Part I

Institution: Orbit School Of Management Studies question papers

Exam Year:2008

ENTREPRENEURSHIP

2008.
Answer any FIVE questions.

QUESTION ONE

a. Outline the characteristics of small scale enterprises (10mks)

b. Explain the reasons why entrepreneurs find it difficult to obtain finance from external investors (10mks)

QUESTION TWO

Entrepreneurs have several responsibilities in managing the human resources of their businesses.

Discuss these responsibilities. (20mks)

QUESTION THREE

Argue the case for and against a business firm being socially responsible. (20mks)

QUESTION FOUR

a. Define the following terms:

i. Franchise (2mks)

ii. Government permit (2mks)

b. Citing relevant examples, state the types of licenses and permits an entrepreneur would be required to obtain in order to operate a business in Kenya. (10mks)

c. State the characteristics of a good business name (6mks)

QUESTION FIVE

a. Highlight ways in which curio industry contributes to the national development of a country. (10mks)

b. Describe five types of entrepreneurs (10mks)

QUESTION SIX

Distinguish between the following types of selection interviews:

a. Unstructured and structured interviews (4mks)

b. Situational and behavioral interviews (4mks)

c. Job-related and stress interviews (4mks)

d. Unstructured sequential and structure sequential interviews (4mks)

e. Panel and mass interviews (4mks)

QUESTION SEVEN

a. Citing suitable examples, distinguish between content theories of motivation and process theories of motivation (8mks)

b. State and explain the elements of a sound motivational system in a business enterprise. (12mks)

QUESTION EIGHT

a. Competition is regarded as healthy and fair when it is carried out within acceptable norms.

Briefly explain some of the practices adopted by competitors which could be termed unfair (10mks)

b. Discuss the narrow-scope strategy as one of the risk reduction strategies employed by entrepreneurs. (10mks)

Entrepreneurship Question Paper

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