KENYA AERONAUTICAL COLLEGE

DIPLOMA IN AERONAUTICAL ENGINEERING

SUBJECT : ENTREPRENEURSHIP
CLASS : DIP 06S
: END OF TERM EXAM
TIME : 2 HOURS
DATE : MARCH 24, 2009

SECTION A COMPULSORY - (40MARKS)

Q1. (a) Define self employment. (2marks)
(b) Distinguish between entrepreneurship and business (3marks)
(c) Explain five characteristics of an entrepreneurs (10marks)
(d) Discuss three advantages and two disadvantages of self employment.
(10marks)
(e) Analyze four ways of attaining technical skills (8marks)
(f) State three entry requirements into self employment (3marks)
(g) Explain four sources of finance to start a small scale enterprise. (4marks)

SECTION B - (60 MARKS)

ANSWER ANY THREE QUESTIONS

Q2. (a) Identify the requirements for a tender

(b) Describe methods of tendering
(c) Explain what a client expects from a tenderer
(d) Analyze the contents of the tender documents (20marks)
Q3. (a) Identify five problems in small scale enterprise (5marks)
(b) Discuss ways on how to minimize the above problems. (10marks)
(c) Analyze how to deal with lack of entrepreneurship skills (5marks)
Q4. (a) Define motivation. (1marks)
(b) Differentiate between internal and external motivation (2marks)
(c) Describe four signs of motivation (2marks)
(d) Identify external motivating factors (5marks)
(e) Analyze types of self assessment (10marks)
Q5. (a) Define a contract (1mark)
(b) Agreement lacking legal relations are treated as (3marks)
(c) Discuss essentials of a bill of exchange (7marks)
(d) State differences between a bill and a cheque (5marks)
(e) State four types of contracts (4marks)
Q6. (a) Explain technology according to time (6marks)
(b) Discuss appropriate technology (4marks)
(c) Explain two sources of appropriate technology (4marks)
(d) State six characteristics of appropriate technology (6marks)