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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 301
CREDIT UNIT: 2
COURSE TITTLE: SOCIOLOGY OF ENTREPRENEURSHIP
TIME ALLOWED: 2 HOURS Instruction: 1. Attempt question number one (1) and any other two (2) 2. Question number one (1) is compulsory and attracts 30 marks, while any other two questions attract 20 marks each 3. Present your answers any points in a clearly and orderly manner
1a. Define Entrepreneurship [2 Marks]
b. What are the four (4) specific benefits of entrepreneurship to economic development? [2 Marks each] [8 Marks]
c. Explain the two (2) negative contribution of an entrepreneur as stated by Smith in 1976 [10 Marks each] [20 Marks]
Total: [30 Marks]
2a. Elucidate the era of indigenous entrepreneurship from 1983 to date [10 Marks]
b. Discuss a new movement known as Austrian Market Progress (AMP) that was influenced by Aloi Schumpeter [10 Marks]
Total: [20 Marks]
3a. What do understand by Classical Theory? [2 Marks]
b. Discuss six (6) factors affecting Entrepreneurship in Nigeria. [3 Marks each] [18 Marks]
Total: [20 Marks]
4a. Explain Entrepreneurial ethics [5 Marks]
b. Elaborate five (5) basic ways of developing or encouraging the development of entrepreneurial capability. [3 Marks each] [15 Marks]
Total: [20 Marks]
GOOD LUCK.
