ENT407 : ENTREPRENEURSHIP DEVELOPMENT (2014)

NATIONAL OPEN UNIVERSITY OF NIGERIA

14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS

SCHOOL OF MANAGEMENT SCIENCES

MARCH/APRIL 2014 EXAMINATION

Course Code:  ENT 407                                                                        Course Unit: 2

Course Title: ENTREPRENEURSHIP DEVELOPMENT

Time Allowed: 2 hours

 

Instructions:   1. Attempt question Number one (1) and any other two (2).

2. Question number 1 is compulsory and carries 30 marks, while the other

questions carry 20 marks each

3. 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

The business environment is composed of three factors – national trends, industry trends and local trends. Elucidate.

 

QUESTION 3

Briefly discuss the following key concepts as they relate to entrepreneurship.

1.  Goods and Services

2. Money Income and Real Income

3. Gross Domestic Product (GDP)

4. Gross National Product (GNP)

 

QUESTION 4

Distinguish between Cooperative Thrift and Credit Society (CTCS) and traditional Ajo or Esusu

 

QUESTION 5

With the aid of diagram discuss the flow of business process

You can get the soft copy for this course or the exam summary answers for this course from 08039407882

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