UNIVERSITY EXAMINATIONS: 2017/2018
EXAMINATION FOR THE DIPLOMA IN BUSINESS INFORMATION
TECHNOLOGY
DBIT501 ENTREPRENEURSHIP SKILLS
FULLTIME/PARTIME
DATE: AUGUST, 2018 TIME: 1 ½ HOURS
INSTRUCTIONS: Answer question One and ANY other two questions.
QUESTION ONE
a) Explain the factors that can motivate one to become an entrepreneur. (10Marks)
b) Describe the four distinct phases of the entrepreneurial process. (8Marks)
c) Define “window of opportunity”. (2Marks)
d) Enumerate ways through which an entrepreneur can contribute to National Development.
(5 Marks)
e) State and briefly explain challenges faced by youth entrepreneurs in Kenya.
(5 Marks)
QUESTION TWO
a) Explain the principles of innovation. (10Marks)
b) State the key features of a successful entrepreneur. (10Marks)
QUESTION THREE
a) Discuss the advantages and disadvantages of self-employment. (10Marks)
b) Describe the limitations and remedies of entrepreneurship. (10Marks)
QUESTION FOUR
a) “A good opportunity is necessarily a good investment opportunity”. Discuss the
relevance of this statement. (10Marks)
b) Explain how an entrepreneur can use SWOT analysis model to improve the business.
(6Marks)
c) State four types of entrepreneurs. (4Marks)
QUESTION FIVE
a) Explain the reasons for protecting business ideas. (5Marks)
b) describe the stages of product life cycle. (10Marks)
c) differentiate between artisan and opportunistic entrepreneur. (5Marks)
