BHM305 : SMALL BUSINESS MANAGEMENT (2014)

NATIONAL OPEN UNIVERSITY OF NIGERIA

14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS

SCHOOL OF MANAGEMENT SCIENCES

MARCH/APRIL 2014 EXAMINATION

COURSE CODE: BHM 305 CREDIT UNIT: 3

COURSE TITLE: SMALL BUSINESS MANAGEMENT

TIME ALLOWED: 2 Hours

Instructions: 1. Attempt question Number one (1) and any other three (3).

2. Question number 1 is compulsory and carries 25 marks, while the other

questions carry 15 marks each

3. Present all your points in coherent and orderly manner

1a.What do you understand by the terms entrepreneur and small business owner?

b. Compare and contrast between an entrepreneurship and small business.

25marks

2. What is managerial role? Briefly explain any three (3) of the following.

a. Planning

b. Organizing

c. Directing

d. Controlling 15marks

3. What are the 3 major objectives for establishing small business? 15marks

4. Describe the four stages of growth, their relationship with one another and their significance to the development of small business. 15marks

5. Identify and explain the advantages small businesses have over large businesses in our nation. 15marks

6. Discuss in detail how the small business becomes a vital component of the economy. 15marks

For the 2015 – till date past questions for this course CLICK HERE

Contact me for your TMA, GST302 Business plan writeup, Project Writeup and also get your Exam Summary for this course.

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