BIT 2306  ENTREPRENEURSHIP KCA Past Paper

UNIVERSITY EXAMINATIONS: 2010/2011
SECOND YEAR STAGE EXAMINATION FOR THE DEGREE OF BACHELOR
OF SCIENCE IN INFORMATION TECHNOLOGY
BIT 2306: ENTREPRENEURSHIP
DATE: AUGUST 2011 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions

Questions One
a) Using relevant examples, explain any five components of a business feasibility study. (10 Marks)
b) Creativity and innovation features almost in every definition of an entrepreneur, using relevant
examples, explain how the two terms contributes towards ones entrepreneurial ability. (6 Marks)
c) Using relevant examples, discuss five business environmental issues that affect enterprises today.
(10 Marks)
d) Evaluate the contribution of Precipitating Events Theory in the explanation of characteristics of an
entrepreneur (4 Marks)
Question Two
a) A Professor of Psychology Alan Jacobwitz holds that entrepreneurs are born, not made. Through
interviews with other 500 entrepreneurs over a three-year period, Jacobwitz observed that
entrepreneurs commonly share certain personality characteristics. Comment on your
entrepreneurial ability on the basis of any five personality traits that are associated with
entrepreneurship as advanced by Professor Allan. (10 Marks)
b) Explain any five benefits of a business plan (10 Marks)
Question Three
Differentiate between the following pairs of concepts
a) Copyright and a patent (4 Marks)
b) Organizing and leadership (4 Marks)
c) Budgeting and Cash management (4 Marks)
d) Job description and job specification (4 Marks)
e) A journal and ledger accounts (4 Marks)
Question Four
a) Explain how entrepreneurship contributes to the development of a country’s economy (10 Marks)
b) Discuss the importance of effective management of employees to an enterprise (10 Marks)
Question Five
a) Cash management has proved to be a very critical aspect of managing an enterprise, entrepreneurs
who have failed to manage cash have actually failed to manage their enterprises. Discuss any five
ways an entrepreneur can ensure positive cash flow in the enterprise. (10 Marks)
b) Identify any five risks facing businesses and explain how they can be mitigated. (10 Marks)

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