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UNIVERSITY EXAMINATIONS 2007/2008
INSTITUTE OF OPEN LEARNING
SPECIAL/SUPPLEMENTARY EXAMINATION FOR THE DEGREE OF BACHELOR OF SCIENCE SET 308: ENTREPRENEURSHIP FOR ENGINEERS DATE: Wednesday 8th October, 2008 INSTRUCTIONS Question one – (20 marks) a) i) Discuss the contribution of small business in the Kenyan economy. [10 marks] ii) Explain what is shown by the studies of David C. Maclelland regarding an entrepreneur’s need for achievement. b) [4 marks] TIME: 3.00 p.m. – 5.00 p.m.
Explain any three pricing strategies for launching new product to the market. [6 marks]
Question two – (20 marks) Entrepreneurs are born not made. Discuss this statement. Question three – (20 marks) a) Discuss the major aspects of management that should be addressed in developing a comprehensive management segment of the business plan. b) [10 marks] [20 marks]
Briefly device an appropriate entrepreneurship policy to promote small enterprise development in Kenya. [10 marks]
Question four – (20 marks) a) Describe each of the three financial statements that are mandatory for the financial segment of a business plan indicating the relevance of each. [10 marks]
2 b) Discuss four important factors that one needs to consider when going into a business. Question five – (20 marks) a) Explain the concept of internal locus of control and is significance for entrepreneurship. b) [5 marks] [10 marks]
Briefly describe the major components to be covered in a business plan. [15 marks] ………………..