Entrepreneurship Theory and Practice (MANM4101)

Faculty of Economics and Management Science (FEMS)

Semester: First Semester

Level: 400

Year: 2019

Answers (200 )
THE UNIVERSITY OF BAMENDA
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES (FEMS)
ALL OPTIONS
ACADEMIC YEAR 2018-2019
ENTREPRENEURSHIP: FIRST SEMESTER EXAMINATION
Lecturers: Dr Vukeneng Andrew Wujung/Mr. Tayong Desmond
Time: 2 hrs
Section A: Answer all questions in section
1. What do you understand by entrepreneurship? 2mks
2. State and explain atleast four ways in which entrepreneurship is important to
i)
The individual entrepreneur.
ii)
The whole economy or country. 4 + 4mks
3.
State and explain atleast four ways in which entrepreneurship is bad to
i)
The individual entrepreneur.
ii)
The whole economy or country. 4+4mks
4.
State and explain four functions of an entrepreneur. 4mks
5.
State and explain four qualities of an entrepreneur. 2mks
6.
a. What do you understand by a business plan? 2mks
b.
What is the purpose of a business plan? 4mks
c.
Describe atleast five main parts of a business plan. 10mks
Section B: Answer one question
1.
On graduation from The University of Bamenda, which form of entrepreneurship would you
like to involve self in and why? 15mks
2.
Examine the relative importance of the various sources of finance for entrepreneurship in
Cameroon. 15mks
Section C: Read the following passage and answer the questions that follow.
Molah and Sons Co. Ltd. was created as a Family Enterprise with the head of the family, Molah
Bissong as the manager. Given the level of competition in the market and more generally the
complex nature of the business environment, he was advised to take into consideration the concept
of Corporate Entrepreneurship. As such, he comes to you as a business student with the following
questions knowing that Managing and sustaining a business calls to question, the examination of
corporate entrepreneurship:
a)
What do you as a business student understand by corporate entrepreneurship? (2mks).
b)
Explain corporate venturing and strategic entrepreneurship as the main options for
implementing corporate entrepreneurship (5mks).
c)
How can we foster corporate entrepreneurship in such an enterprise? (4mks)
d)
What are the benefits Molah and Sons stands to benefit by implementing Corporate
Entrepreneurship? (4mks)
END
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