Ucu 104: Introduction To Entrepreneurship. Question Paper

Ucu 104: Introduction To Entrepreneurship.

Course:Bachelor Of Education

Institution: Kenyatta University question papers

Exam Year:2006

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2005/2006
SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF EDUCATION
UCU 104: INTRODUCTION TO ENTREPRENEURSHIP.
DATE: MONDAY 12TH JUNE, 2006 TIME: 4:30 P.M- 6:30 P.M
INSTRUCTIONS:
Answer any FIVE questions
1. a). Define self-employment (2 marks)
b). Explain 5 advantages and 2 advantages of self-employment. (4 marks)
c). Write brief notes on:
i. Opportunistic entrepreneur
ii. Craft entrepreneur (4 marks)

2. Mr. Kitu has invited you to advice young men and women who intend to go into self-employment after college:
a) Explain the sources of financing small business (10 marks)
b) Highlight the guidelines that a prospective entrepreneur should look for before selecting the sources of financing their business. (10 marks)

3. a). Research has revealed that the majority of start-up business do not live beyond 3 years. Briefly explain possible reasons for this phenomenon. (10 marks)
b). Explain some of the weaknesses commonly observed in a family business. (10 marks)

4. a). Discuss the main characteristics of successful entrepreneurs. (12 marks)
b). Explain some of the reasons why an entrepreneur would sell off his/her business.
(8 marks)
5. a). Define a business plan
b). Differentiate a business plan from a strategic plan. (4 marks)
c). Explain the benefits of plans and planning. (10 marks)
d). Highlight Government Policy with regard to self-employment in Kenya. (4 marks)

6. Kamau the head master of Kabaa high school has little knowledge about entrepreneurship opportunities. However, he is determined to start his own hardware business. He has approached you for advice on how to evaluate his opportunity.
Required
Explain the opportunity evaluation process you are likely to give him.

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