NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2013 EXAMINATION

COURSE CODE:                                                                              ENT323                                                              

COURSE TITLE:                                                                             Entrepreneurship Dev.  & Small Business Mgt.

DURATION:                                                                                     2 Hours

INSTRUCTIONS:                                                                            1.  Attempt  questions 1 and any other 2 questions.

2. Question 1 is compulsory and carries 30 marks, while the other 2 questions carry 20 marks each.

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

Q1.a     Comment briefly on the functions an entrepreneur must perform in the management of manufacturing operations.

b.    Outline the Deming principles put forward to help the small business enterprises improve quality.

Q2.       The reporting of activities of a business comes in the form of the financial statement. What is a financial statement and how is it different from the income statement?

Q3.       Identify and discuss the various sources for raising capital for small businesses.

Q4.       Comment on the general functional sub-divisions of a business.

Q5.a     What does total quality management mean as a concept?

      b.   State clearly the basic objectives of process design and facility layout in the operations of SBM.