MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR
FIRST YEAR FIRST SEMESTERSCHOOL OF BUSINESS AND ECONOMICS
CERTIFICATE IN BUSINESS MANAGEMENTCOURSE CODE: CBM 01
COURSE TITLE: INTRODUCTION TO BUSINESSDATE:24TH APRIL 2014 TIME: 2.00PM – 4.30PM
INSTRUCTIONS TO CANDIDATES
Section A is compulsory
Answer any other THREE questions in Section B1(a) Discuss the important of business in our society (10 marks)
(b) Discuss the steps involved in creating a business (5 marks)
(c) Identify four forms of business ownership (10 marks)
SECTION B
2. Explains how any five environmental factors may affect a business
(15 marks)
3 (a). Differentiate between business benefit and social cost (5 marks)
(b).Explain how economics structure affects management decisions (10marks)
4. Discuss unethical practices and how manager can improve ethics in business organization. (15 marks)
5. As a student of business in Masaai Mara university. A youth group of three has approach you to Assist them in draft a partnership agreement to enable them establish business venture. Briefly outline the content of such a deed. (15 marks)
a) Define the term business environment (5 marks)
b. Explains how any five environmental factors may affect a business (20marks)
SECTION B
2. As a student of business in Masaai mara University. a youth group of three has approach you to Assist them in draft a partnership agreement to enable them establish business venture. Briefly outline the content of such deed.
(15 marks)
3. a. Differentiate between business benefit and social cost (5 marks)
b. Explain how political structure affects management structure (10marks)
4. a) State the different forms of business . (5 marks)
b) Discuss the stages of business. (5 marks)
5. With specific examples explain how the government may either encourage or discourage social benefits
