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Kabarak University: Instructions

The document is an exam for an entrepreneurship course containing a case study and questions. The case study describes a t-shirt shop owner, Todd, who found the cash drawer short $35 one day and demanded each of the 7 employees pay $5 to cover it. The questions analyze potential causes of the shortage, evaluate Todd's actions legally, and suggest alternative ways Todd could have handled it. Other questions address business planning, evaluating business ideas, investigating factors for a business to succeed, training content for entrepreneurs, and Kenya's policy initiatives for small enterprises.

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Stephen Masafu Simiyu
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308 views2 pages

Kabarak University: Instructions

The document is an exam for an entrepreneurship course containing a case study and questions. The case study describes a t-shirt shop owner, Todd, who found the cash drawer short $35 one day and demanded each of the 7 employees pay $5 to cover it. The questions analyze potential causes of the shortage, evaluate Todd's actions legally, and suggest alternative ways Todd could have handled it. Other questions address business planning, evaluating business ideas, investigating factors for a business to succeed, training content for entrepreneurs, and Kenya's policy initiatives for small enterprises.

Uploaded by

Stephen Masafu Simiyu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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KABARAK UNIVERSITY

UNIVERSITY EXAMINATIONS
2013/2014 ACADEMIC YEAR
FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION

ENTRE 520: ENTREPRENEURSHIP AND SMALL BUSINESS


MANAGEMENT

DAY: THURSDAY DATE: 10/04/2014

TIME: 3.00 – 6.00 P.M. STREAM: SEM 2

INSTRUCTIONS:

 Answer Question ONE and any other THREE questions

Question One

Read the case study and answer the questions that follow

Todd owns and manages a T-shirt shop in a small resort town. He has two full-time
employees who have been with the business for more than three years. He also employees
as many as 5 part-time employees, depending on the tourist season. They help him keep
the shop open from 10 A.M to 9 P.M seven days a week. Todd opens the shop everyday
but typically has his employees close. Whoever closes the store follows a checklist of
closing procedures, including ringing out the cash register, refilling out the bank deposit,
and putting the daily receipts in the safe, with $300 kept in a separate cash bag for the next
day's opening cash on hand. As with many businesses, the cash drawer is often off by a
small amount, but usually no more than a couple of dollars.

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One day Todd opened the store and found that the cash drawer was short by $ 35 for the
previous day. Todd called a meeting that afternoon and told all seven employees that they
would each chip in $ 5 to cover the shortage and that any time there was a shortage, they
would have to split the reimbursement. Todd walked out of the room. The seven
employees sat in disbelief.

i. Discuss the likely causes of the problem (5mks).


ii. Evaluate Todd's action from the legal point of view (5mks).
iii. How would you have handled the situation if you were Todd (5mks).

Question Two

How can business planning avoid some of the causes of business failure (15mks)

Question Three

a) An aspiring entrepreneur requires your expert help in evaluating several business ideas
that he has generated. What advice will you offer (5mks)

b) Discuss some of the things the new entrepreneur should immediately investigate to
ensure to the maximum extent possible that the business will "get off the ground".
(10mks)

Question Four

You are running a consultancy firm that is widely involved in the small enterprise sector.
One of the counties in the country has awarded your firm to train selected entrepreneurs in
business growth. Prepare the training content for this assignment (15mks)

Question Five

Evaluate the policy initiatives of Sessional Paper No 2 of 2005 towards the development
of the Small Enterprise Sector in Kenya (15mks)

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