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:Entrepreneurship Question Paper

:Entrepreneurship

Course:Diploma In Business Management

Institution: Mount Kenya University question papers

Exam Year:2011

MOUNT KENYA UNIVERSITY
UNIVERSITY EXAMINATION 2010/2011
SCHOOL OF BUSINESS AND PUBLIC MANAGEMENT
DEPARTMENT OF MANAGEMENT
SCHOOL BASED
UNIT CODE: UCU 005
UNIT TITLE : ENTREPRENEURSHIP
DATE: NOVEMBER 2011 MAIN EXAM TIME: 2HRS
INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS
1) QUESTION ONE
a) Describe the major changes that create opportunities for entrepreneurs(8marks)
b) briefly explain Joseph Schumpter's views of innovation as an important dimension of entrepreneurship (6marks)
c) highlight five internal and five external sources of finance for an aspiring entrepreneur(5marks)
d) Entrepreneurs are the key drivers of a country's national development. How do they do this? (6marks)
e) Explain four entreprise growth strategies employed by entrepreneurs in Kenya today(8marks)

2) QUESTION TWO
a) describe the essential features of an effective business plan(10marks)
b) explain the main factors leading to failure of business plans(10marks)

3) QUESTION THREE
a) describe the entrepreneurship development process(10marks)
b) discuss the role of entrepreneurs in a business enterprise(10marks)

4) QUESTION FOUR
a) explain different factors that motivate individuals to become entrepreneurs(7marks)
b) briefly discuss five ways of identifying business opportunities(5marks)
c) illurstrate the product lifecyle and the challenge encountered by entrepreneurs at each stage (8marks)

5) QUESTION FIVE
a) describe the various risks in business operations and how they can be managed
b) evaluate the disadvantages of
I. sole proprietorship
II. partnerships

:Entrepreneurship Question Paper

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