Question 1 (a) Distinguish between motivated entrepreneur and induced entrepreneur. (4 marks) (b) Explain the factors that determine the emerging of entrepreneurs in an economy. (8 marks) (c) Describe the contribution of small and medium enterprises to the economic development of Uganda. (8 marks) (Total 20 marks)

Question 2 Mr Bob Angundru, is the proprietor of AB Butterfly Limited. The business was established in 2019 in northwestern Uganda and it deals in general merchandise. Bob thinks of diversifying his business but has a dilemma of selecting a business opportunity to invest in since he has several competitive business ideas. Secondly, he has no idea on how to supplement his savings for startup capital since the money he got from selling his land is not enough. Bob joined an investment club to network with successful entrepreneurs in the region and was also advised to seek technical knowledge from a business consultant about other sources of finance apart from personal savings.

Required:

As a business consultant, explain to Bob the: (a) problems entrepreneurs face when selecting new business ventures. (b) stages of the venture life cycle. (c) other sources of finance apart from personal savings. (Total

Question 3

(a) Explain the factors entrepreneurs consider when selecting business ownership. (b) Explain the advantages of a partnership business. (d) Describe the various ways of fostering innovation in business.

Question 4 Ms Mary Namusisi, operates an internet caf in Wandegeya. She was one of the early investors in internet services in Uganda. When she started her business she had no business plan neither did she know its importance. The business was doing well since there were no competitors at that time. With the introduction of smart phones which can access internet easily the internet caf business is dying out slowly. Ms. Mary Namusisi is thinking of diversifying her business by investing in selling mobile phones. Her friends have advised her to write a business plan for her new business. This will help her to secure funding from financial institutions and also provide a strategic focus to the business. Ms Mary Namusisi has approached you as a business consultant seeking for more clarification. Required: Explain to Ms Mary Namusisi the: (a) (i) (ii) (b) (i) (ii) Question 5 meaning of business plan. importance of a business plan to an entrepreneur. difference between a financial plan and production plan. contents of a financial plan to be included in the business plan. (6 marks) Mr Joe Aluonzi is the owner of AJA Publishers, a firm which deals in printing text books. He has also authored a number of literature books. Recently, he discovered that some people have started reproducing and selling his books. Shockingly, he also discovered that there is a new firm known as AJA Publishers. But it has transpired that, Mr Joe Aluonzi had also not registered his firm's name neither did he have a copyright for his products. All this has greatly affected his revenue. The financial shortage has impacted on the activities of the business, workers are complaining of persistent delays in payment of salaries, and lack protective gears and as a result there is low productivity. Employees have developed a tendency of doing work only when there are supervised. Mr Joe Aluonzi is trying hard to motivate the employees but without adequate working capital and a workable motivation policy it is not yielding much.

Required: As a business consultant, explain to Mr Joe Aluonzi the: (a) various forms of protecting business ideas. (b) social responsibility AJA Publishers should extend towards its employees. (5 marks) (5 marks) (5 marks) (Total 20 marks) (c) (i) (ii) factors that hinder motivation of employees.

Question 6 behavioural characteristics of employees under McGregor theory X. (a) Explain the limitations of total quality management in business. (b) (i) Explain the term globalisation. (ii) Explain the merits of globalisation to an enterprise. (6 marks) (2 marks) (6 marks) (c) Describe the need for practicing business ethics in an enterprise. (6 marks) (Total 20 marks)