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Introduction Entrepreneurship Meru university

University Examinations 2014/2015
FOURTH YEAR FIRST SEMESTER EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE AND BACHELOR OF SCIENCE IN PUBLIC HEALTH
AND
SECOND YEAR FIRST SEMESTER EXAMINATION FOR THE DEGREE OF
BACHELOR OF BUSINESS ADMINISTRATION
BFB 3202: INTRODUCTION TO ENTREPRENEURSHIP
DATE: AUGUST 2015
TIME: 2 HOURS
INSTRUCTIONS: Answer question one and any other two questions
QUESTION ONE (30 MARKS)
a) Explain the two ways of owning a business applying knowledge by McDaniel (2000)
(4 Marks)
b) The most important quality of an entrepreneurial person is the ability to identify an
opportunity and make value from it. Explain this statement
(4 Marks)
c) Critically, explain the schumpertarian view of entrepreneurship
(4 Marks)
d) Explain the benefits of corporate entrepreneurship and suggest to Meru University of
Science and Technology how it can nurture intrapreneurship
(8 Marks)
e) Differentiate between entrepreneurship and intrapreneurship
(6 Marks)
(4 Marks)
f) Differentiate creativity from innovation

QUESTION TWO (20 MARKS)
(5 Marks)
a) Explain the origin of the word “entrepreneur”
b) A number of studies support to the view that experience and motivation through formative
years is of major importance in developing entrepreneurial attributes and motivation
Define enterprise culture and explain any four propositions relating to the role of small
business in developing entrepreneurship
(15 Marks)
QUESTION THREE (20 MARKS)
a) Explain, using illustrations, any ten features of a good business idea
(5 Marks)
b) Identify and explain the various methods an entrepreneur can use to demonstrate credit
worthiness to a credit officer
(10 Marks)
c) Discuss any five myths of entrepreneurship
(5 Marks)
QUESTION FOUR (20 MARKS)
a) Describe any five methods of saving practiced in Kenya today
(5Marks)
b) “Running a business without keeping records (managing information) is like driving a car
without a fuel gauge”. Explain the meaning of this assertion and highlight the types of
records kept in a busincss and the constraints entreprencurs encounter in information
(15 Marks)
management
QUESTION FIVE (20 MARKS)
a) What constitutes an enabling environment for entrepreneurial growth?
(10 Marks)
b) A business plan is an essential component in any entrepreneurial activity. Highlight the
main components of a business plan and show the constraints to business planning
(10 Marks)
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Author

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