UNIVERSITY EXAMINATIONS: 2011/2012
YEAR 2 EXAMINATION FOR THE BACHELOR OF SCIENCE IN
INFORMATION TECHNOLOGY
BIT 2306 ENTREPRENEURSHIP
DATE: APRIL 2012 TIME: 2 HOURS
INSTRUCTIONS: Answer Question One and Any other Two Questions
QUESTION ONE (COMPULSORY)
a) What role do small enterprises play in the economy? [5 Marks]
b) Having spotted an opportunity in the agricultural sector, Ken, food security analyst wishes to
integrate it in agribusiness by linking farmers to their customers via the WEB. Infrastructure and
operational costs are estimated at sh 5 millions for the first three years. Currently Ken has no
capital:
i) Explain to Ken five sources of funds for his proposed business. Give at least one advantage
and one disadvantage of each source of funding. [10 Marks]
ii) Recommend three criteria that Ken can use to determine the best source. [6 Marks]
iii)Recommend the best source for Ken. Give reasons for your recommendation. [3 Marks]
c) Identify five reasons as to why entrepreneurs need to advertise their products [5 Marks]
QUESTION TWO
Write short notes on the following:
a) Difference between an entrepreneur and an intrapreneur
b) Differences between an innovation, an inventor and an invention
c) Characteristics of a successful entrepreneur
d) Advantages of a limited company
e) Challenges facing local entrepreneurs
[20 Marks]
QUESTION THREE
a) A group of youths in your estate have come together and formed a youth association called “yote
yawezekana”. They are currently raising funds with an aim of starting a utility business within the
estate. They have invited you, a consultant in entrepreneurship to advice them on factors
necessary for the success of a business. Outline your presentation [10 Marks]
b) Using an illustration, explain how an entrepreneur can use the SCAMPER process to identify new
business opportunities [10 Marks]
QUESTION FOUR
a) Using a firm of your choice, explain five ways in which an entrepreneur can use management
knowledge to improve his business efficiency. [10 Marks]
b) Explain five ways in which an entrepreneur in the ICT sector can benefit from the knowledge of
intellectual property. [10 Marks]
QUESTION FIVE
a) Preparing a business plan is a tedious task that may require professional advice. How does a
business plan assist the entrepreneur? [5 Marks]
b) Discuss the main components of a business plan [15 Marks]
