UNIVERSITY EXAMINATIONS: 2013/2014
ORDINARY EXAMINATION FOR THE BACHELOR OF SCIENCE
IN INFORMATION TECHNOLOGY
BIT 2306 ENTREPRENEURSHIP
DATE: APRIL, 2014 TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE and any other TWO
QUESTION ONE
(a) Define the following terms
(i) Entrepreneurship (2 Marks)
(ii) Entrapreneurship (2 Marks)
(iii) Entrepreneur (2 Marks)
(b) Explain some of the advantages of self employment (10 Marks)
(c) Explain why the Kenyan government is emphasizing on entrepreneurship growth
in the country. (10 Marks)
(d) Differentiate between innovation and invention as it applied to the process of
entrepreneurship (4 Marks)
QUESTION TWO
(a) Explain some of the initiatives the government is putting in place to promote
small enterprises in Kenya. (10 Marks)
(b) Generating a good business idea is the first step in starting and becoming self
employed. Explain the major characteristics of a good business idea. (10 Marks)
QUESTION THREE
(a) An entrepreneur can only be relevant in the market if he/she remains updated with
the current technology. Discuss the impact of technology to entrepreneurs
(20 Marks)
QUESTION FOUR
(a) Explain the importance of a budget to an entrepreneur. (5 Marks)
(b) Identify the major sources of capital available to an entrepreneur today in Kenya.
(c) Explain some of the factors an entrepreneur needs to consider before selecting an
appropriate form of business ownership (10 Marks)
QUESTION FIVE
(a) Give reasons explaining why business ideas should be protected. (5 Marks)
(b) Identify any five ways of protecting business ideas and secrets. (5 Marks)
(c) Explain any five benefits that accrue to an entrepreneur from preparing a business
plan. (10 Marks)
