UNIVERSITY EXAMINATION 2017/2018

SCHOOL OF BUSINESS AND ECONOMICS

DEPARTMENT OF MANAGEMENT

DIPLOMA IN BUSINESS MANAGEMENT

REGULAR

UNIT CODE: DBM1309/CBM UNIT TITLE: ENTREPRENUERSHIP AND

SMALL BUSINESS DEVELOPMENT

DATE: AUGUST, 2018 SUPPLIMENTARY/SPECIAL EXAM TIME: 2 HOURS

INSTRUCTIONS: ANSWER QUESTION ONE AND ANY OTHER TWO

QUESTIONS.

1. a) Differentiate between entrepreneurship and small business. (7 Marks)

b) You are a student in the university and have been approached by an

organization to give a talk on business idea generation. Explain the statement.
(8 Marks)
c) Determine any five sources of finance for a small business of your choice.
(5 Marks)
d) Examine the meaning of protecting a business idea. (6 Marks)

e) List four functions of an entrepreneur. (4 Marks)

2. a) Explain the roles played by entrepreneurship and small businesses in

economic development. (10 Marks)

b) Differentiate between innovation and creativity. (10 Marks)

3. a) Most small scale enterprises carry out the trading activities at a central
location. Outline the measures an entrepreneur would take to gain a
competitive edge over her competitor. (10 Marks)

b) Define business ethics and state sources of business principles. (10 Marks)

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 4. a) Entrepreneurship and small business is the back bone of many economies.
Many opportunities are arising on a day to day basis. Describe the
opportunities. (10 Marks)

b) Explain the characteristics of a good business idea. (10 Marks)

5. a) A plan is a statement outlining an organizational mission and future

direction, short and long term performance, targets and strategies. What are
the contents? (15 Marks)

b) Explain any five types of entrepreneurs. (5 Marks)

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