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May 12, 2016

State and explain four motivational factors that influence entrepreneur Behaviour.

Question

a) You have finished your studies from University, a student of entrepreneurship you have decided to install a small business computer software firm discuss the various factors you will consider? (15marks)
b) Compare and contrast the neoclassical, Austrian and Behaviour theories of entrepreneurship (10marks) c) State and explain four motivational factors that influence entrepreneur Behaviour. (10marks)

Question
a) Discuss five steps of generating an innovative business idea? (10marks)
b) Using a diagram discuss the phases of a business cycle? (10marks)
c) Marketing is a basic requirement for a new business venture
i) Distinguish between Salesmanship and Marketing (8marks)
ii) Discuss how the various components of a market mix are applicable to an Entrepreneurs operations. (7marks)

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The following is a summary of cash book as presented by George Ltd for the month of October: £ £ Receipts 1.469 Balance b/f 761 Balance c/d 554 1,262 2,023 ===== 2,023 ======= All receipts are banked and payments are made by cheque. On investigation you discover: Bank charges of £136 entered on the bank statement have not been entered in the cash book. Cheques drawn amounting to £267 had not been presented to the bank for payment. Cheques received totaling to £762 had been entered in the cash book and paid into the bank, but had not been credited by the bank until 3 November. A cheque for £22 for sundries had been entered in the cash book as a receipt instead of as payment. A cheque received for £80 had been returned by the bank and marked ‘No funds available’. No adjustment has been made in the cash book. A standing order for a business rates instalment of £150 on 30 October had not been entered in the cash book. All dividends received are credited directly to the bank account. During October amounts totaling £62 were credited by the bank but no entries were made in the cash book. A cheque drawn for £66 for stationery had been incorrectly entered in the cash book as £60. The balance brought forward in the cash book should have been £711, not £761. Required: Show the adjustments required in the cash book. [5 marks] Prepare a bank reconciliation statement as at 31 October. [5 marks]

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