ENT 407 : ENTREPRENEURSHIP DEVELOPMENT (2018_2)

NATIONAL OPEN UNIVERSITY OF NIGERIA

91, CADASTRAL ZONE, NNAMDI AZIKIWE EXPRESSWAY, JABI, ABUJA

FACULTY OF MANAGEMENT SCIENCES

JULY 2018 EXAMINATION


Course Code: ENT 407                                                                                 Credit Units: 2

Course Title:  ENTREPRENEURSHIP DEVELOPMENT

Time Allowed: 2 Hours

Instructions:  1. Attempt question number one (1) and any other (2) questions.

2. Question number 1 carries 30 marks, while the other questions carry 20 marks each.

3. Present all your points in coherent and orderly manner
Question 1

a.       In forecasting, a company should be able to decide on certain questions. These questions help in the decision making process of these companies. State five of these questions. (5 marks)

b.      List and explain the six phases before new product is lunched into the market.(10 marks)

c.   Define strategic planning and list and explain the Core Areas of Strategy.(15 marks)

 

Question 2

a.       Distinguish between Cooperative Thrift and Credit Society (CTCS) and Traditional Ajo or Esusu.                                                                                                            (10 marks)

b.      List information required for better development of an entrepreneur. (10 marks)

 

Question 3

Discuss the National, Industrial and Local trends that can affect a business. (20 marks)

 

Question 4

a.      State the benefits of Strategic Planning.                                            (10 marks)

b.      Identify and discuss the Sources of Information for Entrepreneurship Development. (10 marks)

Question 5

a.      In a tabular form, explain the differences between an Income Statement and a Cash flow statement.                                                                                                      (10 marks)

b.      Using the table below, calculate the long term debt portion of a loan.               (10 marks)

Loan amount
Payback
Interest
First-year

payment
First-year

current

portion
Long-term debt
₦10,000 (van)
3 years
10%
₦4,020

1,000 interest

3,020 principal
₦3,020

₦20,000 (equipment)
4 years
12%
₦6,584

2,400 interest

4,184 principal
₦4,184

₦100,000 (building)
15 years
10%
₦13,147

10,000 interest

3,147 principal
₦3,147
You can get the soft copy for this course or the exam summary answers for this course from 08039407882

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