NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
MARCH/APRIL 2014 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     Identify and explain the options available to the entrepreneur in managing the

books or records                                                                                                                  (5 marks)

     b.    Using the production of laundry bar soap as a case, discuss fully the different

 methods employed in its production process                                                                  (10 marks)

     c.     Briefly comment on the types of book and record that a small business should keep (15 marks)

Q2.a     What is an income statement and how is it prepared                                                      (8 marks)

      b.   The Bank of Industry Limited is Nigeria's oldest and largest Industrial financing

institution. What does it do?                                                                                                (12 marks)

Q3.a     State the basic objectives of process design and facility layout                                       (8 marks)

      b.   Discuss fully the key elements of a marketing plan                                                          (12 marks)

Q4.a     Perhaps the most important and difficult task for the entrepreneur's job is the

crafting of the strategy. How do you understand the terms 'Enterprise strategy'

and what are the indicators a good Enterprise strategy.                                                             (20 marks)

Q5.a     Lease finance is another type of finance that is available to small and large business

concerns. How do you understand Lease finance?         

      b.   Highlight and comment on the separate units of operations management system.