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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 809

COURSE UNIT: 2

COURSE TITLE: ADVANCING MANAGING SMALL ENTERPRISES

TIME ALLOWED: 2 (TWO) HOURS

TIME ALLOWED: 2 HOURS

Instructions: 1. Attempt question number One (1) and any other two (2).

2. Question number 1 is Compulsory and carries 30 marks, While the other questions carry 20 marks each.

3. Present all your points in coherent and orderly manner

 

QUESTION 1

The above table is Ajons Kamal & Co. Ltd. Sales Budget for the months Jan, Feb March 2021.

Base on the above table you are to determine the following:

1. Total Cash receipts 7.5marks

2. Total Cash disbursement 7.5marks

3. Cash surplus or deficit 7.5marks

4. Cash balance ending 7.5marks

Total 30MARKS

 

QUESTION 2

Iterate five (5) Merits AND Demerits of Budgeting 20MARKS

 

QUESTION 3

The sources and uses of funds statements show the new wealth that has become available to a business in the year and how it has been invested in the organization.

They can be constructed to highlight changes in the firm’s cash position, as they tend to emphasize different aspects of management of finance. Base on the above statement List and explain the major sources of funds and the uses of funds in small scale business management. 20MARKS

 

QUESTION 4

List and explain controlling function of management acts through phases in sequence. 20MARKS

 

QUESTION 5

Highlight ten (10) important element that ought to be incorporated in any comprehensive planning activity set out achieve the desire results for small scale business management.

20MARKS


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