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                                                                    National Open University of Nigeria
                                                             14-16 Ahmadu Bello Way, Victoria Island Lagos 
                                                                       School of Management Science
                                                                       March/April 2014 Examination 

                  COURSE CODE: ENT323
                  COURSE TITTLE: ENTREPRENEURSHIP DEVT.& SMALL BUSINESS MGT 
                  TIME ALLOWED: 2hrs
                   Instructions: ANSWER QUESTION 1 AND ANY OTHER 2 QUESTIONS
                                               Q1 ISCOMPULSORY AND CARRIES 30MARKS WHILE OTHER 2 CARIIES 20MARKS EACH
                                               PRESENT ALL YOUR POINTS IN COHERENT AND ORDERLY MANNER 

1a.identify and explain the options available to the entrepreneur in managing the books or records

b. Using the production of laundry bar soap as a case discuss fully the different methods employed in it’s production process

c. briefly comment on the types of book and record that a small business should keep

2a. what si an income statement and how is it prepared 

b.the bank of industry limited is Nigeria’s oldest and largest industrial financing institution. What does it do

3a.state the basic objectives of process design and facility layout

b.disscuss fully the key elements of a marketing plan

4.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

5a.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.
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