NATIONAL OPEN UNIVERSITY OF NIGERIA
91, CADASTRAL ZONE, UNIVERSITY VILLAGE, JABI, ABUJA
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2018 EXAMINATION
QUESTION
COURSE CODE: ENT 407 CREDITS UNIT: 2
COURSE TITLE: ENTREPRENEURSHIP DEVELOPMENT
TIME ALLOWED: 2 HOURS
Instruction:
1. Attempt Question (1) and other (2) questions
2. Question 1 is compulsory and carries 30 marks. While the other 2 Questions carry 20 marks each.
3. Present all your points in coherent and orderly manner.
Question 1
a) Identify and discuss the characteristics of an entrepreneur you are familiar with. (10 marks)
b) List and explain some of the Objectives of Business. (10 marks)
c) With the aid of diagram, explain the flows of business process. (10 marks)
Question 2
Trace the historical development of entrepreneurship concept. (20 marks)
Question 3
Outline and explain the 5 advantages and 5 disadvantages of entrepreneurship you know. (20 marks)
Question 4
Enumerate and explain some of the objectives of strategic planning you know. (20 marks)
Question 5
Write short notes on any four (4) of the followings: (20 marks)
(a) Deeds of Partnership
(b) Registration of Business Name
(c) Memorandum of Association
(d) Articles of Association
(e) Cooperative capitalisation
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