NATIONAL OPEN UNIVERSITY OF NIGERIA

UNIVERSITY VILLAGE, PLOT 91, CASDASTRAL ZONE, NNAMDI AZIKIWE EXPRESS WAY, JABI, ABUJA.
FACULTY OF MANAGEMENT SCIENCES
JANUARY 2021 EXAMINATION

COURSE CODE: ENT 709

CREDIT UNIT: 2

COURSE TITTLE: START-UP FUNDING

TIME ALLOWED: 3 HOURS

INSTRUCTIONS: 1. Indicate your Matriculation Number clearly 2. Attempt Question one (1) & Any Other Two (2) Questions. Three 3 QUESTIONS in All 3. Question One (1) is Compulsory and Carries 30 Marks, while Any Other Two other Questions Carry 15 Marks each. 4. Present all your Points in Coherent and Orderly Manner

QUESTION 1: Before any entrepreneur will start up a business, he or she should provide answers to various questions and issues that are relevant and pertinent to the success of such start up. As entrepreneurship student, identify and explain these core issues and questions that needed to be address before setting up an enterprise. [30 Marks]

QUESTION 2: Business plan is very crucial when planning to establish a small business and it is vital from the very outset that you see the importance of preparing a business plan, no matter how small your proposed venture is. Carefully explain the four (4) most important reasons for having a plan. [20 Marks]

QUESTION 3: Business financial history or loan application is the last financial document to be completed in business plan. All of the information needed in it will have been compiled in earlier parts of business plan and in the completed financials. In other to help startups with their financial history, there are some list of information usually included and the source to refer to for that information. Identify and explain these information and their sources. [20 Marks]

QUESTION 4: Write short notes on the following concepts A. Executive Summary B. Income Statement C. Business Financial History [20 Marks]