University Examinations 2014/2015
FIRST YEAR, SECOND SEMESTER EXAMINATION FOR DIPLOMA IN BUSINESS
ADMINISTRATION AND STAGE V DIPLOMA IN INFORMATION TECHNOLOGY
BDS 2255: ENTREPRENEURSHIP SKILLS
DATE: APRIL 2015
INSTRUCTIONS: Answer question one and any other two questions
QUESTION ONE (30 MARKS)
Entrepreneurship plays other roles in economic development other than increasing per
capita output and income. Discuss five of these roles.
Identify the differences between a small business owner and an entrepreneur. (4 Marks)
c) Define the following terms
Discuss the common characteristics of an entrepreneur
Qutline four factors considered when locating a business enterprise
QUESTION TWO (20 MARKS)
Bricfly give the outline of a business plan giving examples in every section. (15 Marks)
Business plan must be drawn before an entrepreneur starts a business. Highlight the
importance of a business plan to the entrepreneur
QUESTION THREE (20 MARKS)
Identify and explain five different methods of generating business ideas.
Creativity is the generation of ideas that results in the improved efficiency or effectiveness
of a system. Discuss five sources of new ideas.
QUESTION FOUR (20 MARKS)
Briefly discuss decision making process for an effective business organization.(10 Marks)
At times, an entrepreneur can be a manager also but a manager cannot be an entrepreneur
Discuss the differences between an entrepreneur and a manager
QUESTION FIVE (20 MARKS)
Describe the procedure involved in starting a new business enterprise.
There are three sorts of resources that entrepreneurs can call upon to build their ventures
Discuss the financial resources that entreprencur can use