CBM 001 INTRODUCTION TO BUSINESS

MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS
2018/2019 ACADEMIC YEAR
FIRST YEAR FIRST SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
CERTIFICATE IN BUSINESS MANAGEMENT
COURSE CODE: CBM 001
COURSE TITLE: INTRODUCTION TO BUSINESS
DATE: 23RD APRIL 2019 TIME: 11.00 – 13.00 HRS
INSTRUCTIONS TO CANDIDATES
Answer Question ONE and any other THREE questions
This paper consists of TWO printed pages

QUESTION ONE
a) There are different types of business organization individual(s) can venture in. As
a business student explain the following types of business organization with their
advantages with disadvantages
I. Sole proprietorship [4marks]
II. Partnerships [4marks]
III. Companies [4marks]
b) State four characteristics of business organizations. [4 marks]
c) Explain various factors to considerwhen choosing forms of business ownership.
[5marks]
d) Explain the various types of cooperatives societies with their sources of income.
[4marks]
QUESTION TWO
a) Differentiate between codes of ethics and business ethics [4marks]
b) Explain various Ethical practices in business [6marks]
c) State the importance of business ethics in business [5marks]
QUESTION THREE
a) Explain five roles of government in business. [5marks]
b) Give reason why government participate in business [5marks]
c) Give the various characteristics of business [5marks]
QUESTION FOUR
a) Define the term business environment [2marks]
b) Explain the two components of business environment [4marks]
c) Explain five importances of business environment [5marks]
d) State the elements of marketing [4marks]
QUESTION FIVE
a) Define communication in business [2marks]
b) Give the six components of communication in business [6marks]
c) Explain the various communication barriers in business communication
[4marks]
d) State three principles of insurance [3marks]
//END

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