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  • Entrepreneurship Exam: Q 2. Describe Various Techniques That An Entrepreneur Can Apply in Creative Problem

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    Mary is considering taking on debt financing to expand her successful human resources consultancy firm. She will need to consider factors like the repayment terms, interest rates, collateral requirements, covenants and how the debt may impact her business operations and cash flow. Daniel is thinking of starting his own small business due to a lack of wage employment. He will need to consider factors like developing a business plan, assessing market needs, obtaining licenses and permits, managing finances, and acquiring resources and equipment. Setting goals is important for business management and performance. Goals help establish targets, provide direction, and allow progress to be measured in areas like profits, market share, and productivity.

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    Entrepreneurship 12

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    Mary is considering taking on debt financing to expand her successful human resources consultancy firm. She will need to consider factors like the repayment terms, interest rates, collateral requirements, covenants and how the debt may impact her business operations and cash flow. Daniel is thinking of starting his own small business due to a lack of wage employment. He will need to consider factors like developing a business plan, assessing market needs, obtaining licenses and permits, managing finances, and acquiring resources and equipment. Setting goals is important for business management and performance. Goals help establish targets, provide direction, and allow progress to be measured in areas like profits, market share, and productivity.

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    © All Rights Reserved
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    18 views1 page

    Entrepreneurship Exam: Q 2. Describe Various Techniques That An Entrepreneur Can Apply in Creative Problem

    Uploaded by

    HellenNdegwa
    Mary is considering taking on debt financing to expand her successful human resources consultancy firm. She will need to consider factors like the repayment terms, interest rates, collateral requirements, covenants and how the debt may impact her business operations and cash flow. Daniel is thinking of starting his own small business due to a lack of wage employment. He will need to consider factors like developing a business plan, assessing market needs, obtaining licenses and permits, managing finances, and acquiring resources and equipment. Setting goals is important for business management and performance. Goals help establish targets, provide direction, and allow progress to be measured in areas like profits, market share, and productivity.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    of 1

    ENTREPRENEURSHIP EXAM

    (i) Mary would like to open another branch for her successful Human Resource
    Consultancy Firm. She would like to finance the expansion through debt
    financing. Describe seven major considerations that Mary would think about in
    her choice of this. (14 Marks)
    (ii) Daniel is contemplating to start his own small business after a one year search of
    wage employment which is not forth coming. Describe five main factors that Daniel
    will
    consider preparing to be self-employed. (10 Marks).
    (iii) Goal setting is an important tool in managing a business. Highlight three reasons for
    establishing business goals.(6 marks).
    Q 2. Describe various techniques that an entrepreneur can apply in creative problem
    solving. ( 20 Marks).
    Q 3. Highlight and describe key factors to entrepreneurship. (20 Marks).
    Q 4. According to David McClelland an entrepreneur is energetic and a moderate risk
    taker.
    (i)

    Discuss McClellands approach to entrepreneurship. ( 10 Marks ).

    (ii) Highlight Five main myths and fallacies associated with entrepreneurship and discuss
    ways of dealing with them. ( 10 Marks ).

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