UNIVERSITY EXAMINATIONS: 207/2018
EXAMINATION FOR THE DIPLOMA IN BUSINESS INFORMATION
DBIT307 BUSINESS MANAGEMENT
DATE: APRIL, 2018 TIME: 1½ HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions.
Various forms of business do exist.
(a).Discuss Partnership as a form of business citing the different types of partners and their
participation in the partnership. 8Marks
(b). Describe the advantages and disadvantages of this form of business. 12Marks
(c). Business is sometimes thought of differently by different people at different times. Describe
the concept of business. 10Marks
(a). Good management in business is important. Describe the main departments found in most
business enterprises. 10Marks
(b). When a person is planning to start a business, various objectives are considered. Discuss the
bottom-line objective of business. 10Marks
A company’s business environment consists of actors that affect its ability to develop and
maintain successful relationships with its target customers. The process of analyzing the
environment is also known as environmental scanning. Explain the importance of environmental
scanning to a business.
(a). Explain what Corporate Social Responsibility entails. 4Marks
(b). Discuss the arguments that support Corporate Social Responsibility. 16Marks
(a). Define Entrepreneurship, describe an entrepreneur and state the Characteristics of
Successful Entrepreneurs. 15Marks
(b). Briefly describe the entrepreneurial process. 5Marks