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Entrepreneurship/Entrepreneurship For Small Businesses Question Paper

Entrepreneurship/Entrepreneurship For Small Businesses

Course:Bachelor Of Tourism Management

Institution: Rongo University question papers

Exam Year:2017

Instructions To Candidates:
> Answer Question One and any other Three questions
> The Duration of this Paper is 3 hours

Question One
i. Define the following terms as used in entrepreneurship:
a) Layered Financing
b) Growth Capital
c) Intrapreneur
d) Intellectual Property

ii. Describe ANY 4 benefits of entrepreneurship
iii. Highlight the 3 types of entrepreneurs under their classification on the basis of ' Use of Technology'.
iv. Distinguish between creativity and Innovation
v. Define the role of entrepreneurship in the economic development of Kenya
vi. Highlight any 2 objectives of Entrepreneurial Training.

Question Two
i. It is now believed that entrepreneurs are made and not born. Entrepreneurial Development Programs (EDPs)
care based on this belief that they can inculcate relevant attributes, ignite the dormant skills and
talents, change the outlook and convert the ideas into action through the systematic and organized
training. they also tend to change the personality of the participants. Discuss in depth the role and
contribution of EDPs in Kenya.
ii. Describe the major reasons why business plans fail.

Question Three

i. Throughout the years, many myths have arisen about entrepreneurship. These myths are the result of a lack
of research on the topic. As many researchers in the field have noted, the study of entrepreneurship is
still emerging and thus 'folkfore' will tend to prevail until it is dispelled with contemporary research
findings. Discuss ANY 3 of the most notable myths giving an explanation to dispel each of the identified
myth.
ii. Discuss the various methods of generating business ideas.

Question Four
i. Discuss in details the 3 MAJOR entrepreneurial schools of thought under the MICRO VIEW.

ii.Describe any 3 disadvantages of running a business as a partnership

Question Five

i. Discuss any 5 NON BANK sources of debt capital available to entrepreneurs
ii.Discuss the major characteristics of Limited liability companies.

Entrepreneurship/Entrepreneurship For Small Businesses Question Paper

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