W1-2-60-1-6
JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY
UNIVERSITY EXAMINATIONS 2013/2014
YEAR I SEMESTER I EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE AND BACHELOR OF BUSINESS INFORMATION TECHNOLGOY
HBC 2102: INTRODUCTION TO BUSINESS
DATE: DECEMBER 2013 TIME: 2 HOURS
INSTRUCTIONS: ANSWER QUESTION ONE (COMPULSORY) AND ANY OTHER TWO QUESTIONS
QUESTION ONE
John Kimaru has been working in a manufacturing company for 10 years as a supervisor of the production department. His company has decided to retire him on a voluntary retirement scheme (VERS). The company is going to pay him 2 million Kenya Shillings. He has decided to start a small business.
Required:
(i) Advise Mr. Kimaru on how to generate and validate business [10 marks]
(ii) Point out some of the problems he is likely to face and suggest possible solutions [10 marks]
(iii) What are the likely contributions that the business is likely to give the economy? [10 marks]
QUESTION TWO
(a) Business decisions involve taking of risks in uncertain dynamic business environment. Identify any FIVE business risks and explain how they can be managed. [10 marks]
(b) The current business environment in Kenya is currently complex and dynamic. Discuss any FIVE factors that are making the environment complex and dynamic and suggest how organizations can internally adjust. [10 marks]
QUESTION THREE
The Uwezo Fund and the Youth Fund represent government effort to ensure youth participate in business. Discuss the advantages and likely problems that these government initiative are likely to face. [20 marks]
