NATIONAL OPEN UNIVERSITY OF NIGERIA
14-16 AHMADU BELLO WAY, VICTORIA ISLAND LAGOS
SCHOOL OF MANAGEMENT SCIENCES
MARCH/APRIL 2015 EXAMINATION
Course Code: ENT407 Course Unit: 2
Course Title: ENTREPRENEURSHIP DEVELOPMENT
Time Allowed: 2 hours
Instructions: 1. Attempt question Number one (1) and any other two (2) questions
- Question number 1 is Compulsory and carries 30 marks, while the other two questions carry 20 marks each.
- Present all your points in coherent and orderly manner.
QUESTION 1
a. Briefly discuss the following terms ‘entrepreneurship’, ‘entrepreneur’, ‘development’, and ‘entrepreneurship development’
b. What are the characteristics of an entrepreneur?
c. List and discuss the business activities of an entrepreneur ?
QUESTION 2.With the aid of diagram discuss the flow of business process
QUESTION 3.Briefly discuss the following key concepts as they relate to entrepreneurship.
- Goods and Services
- Money Income and Real Income
- Gross Domestic Product (GDP)
- Gross National Product (GNP)
- How Entrepreneurship Contributes to GDP and GNP
QUESTION 4.
Distinguish between Cooperative Thrift and Credit Society (CTCS) and Traditional Ajo or Esusu
QUESTION 5.
The business environment is composed of three factors – national trends, industry trends and local trends. Elucidate.
You can get the exam summary answers for this course from 08039407882
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