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Exam - Entrepreneurship

This document contains a 3-part confidential exam on entrepreneurship topics. Part 1 includes 10 true/false questions testing concepts like myths of entrepreneurs, macro theories of entrepreneurship, innovations by small businesses, and characteristics of entrepreneurial activities. Part 2 features 10 additional true/false questions covering topics such as respect/obedience in morality, relationships among ideas/processes/materials, personal factors limiting venture choices, challenges for inexperienced entrepreneurs, and characteristics of innovation teams. Part 3 consists of 2 essay questions asking examinees to explain factors of the Corporate Entrepreneurship Assessment Instrument and discuss advantages/disadvantages of franchising using an example from Malaysia.

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347 views

Exam - Entrepreneurship

This document contains a 3-part confidential exam on entrepreneurship topics. Part 1 includes 10 true/false questions testing concepts like myths of entrepreneurs, macro theories of entrepreneurship, innovations by small businesses, and characteristics of entrepreneurial activities. Part 2 features 10 additional true/false questions covering topics such as respect/obedience in morality, relationships among ideas/processes/materials, personal factors limiting venture choices, challenges for inexperienced entrepreneurs, and characteristics of innovation teams. Part 3 consists of 2 essay questions asking examinees to explain factors of the Corporate Entrepreneurship Assessment Instrument and discuss advantages/disadvantages of franchising using an example from Malaysia.

Uploaded by

tanushara0
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CONFIDENTIAL

EXAM (Part One).

1). One of the Myth of Entrepreneurs, they are extreme risk takers and gamblers.
True / False.
2). One of the Macro Schools-of-Thought Approach is the; Entrepreneurial Trait School-of-Thought.
True / False.
3). New SME’s have been responsible for 55% of the innovations in 362 industries.
True / False.
4). The common Myth that 85% of all SMEs’ fail in the first two years is obviously ________.
True / False.
5). Although entrepreneurs often face major obstacles, their belief in their ability seldom wavers.
True / False.
6). In most new ventures, the individual outs a significant portion of his/her savings or other
resources at stake, which do not create a serious financial risk.
True / False.
7). Pastificio di Martino a well-known entrepreneur in the fashion industry and owner of Dolce &
Gabbana has diversified into the authentic high-end food industry.
True / False.
8). Entrepreneurial activities refer to that organizations sanction and commits resources for the
purpose of innovative results.
True / False.
9). Radical means being simulative through challenges and removes budgetary and deadline
constraints.
10). The process of thinking innovatively is foreign to most traditional organizations.
True / False.

(Total 10 Marks).
CONFIDENTIAL

Exam (Part Two).

Obedience and__________
1). ___________ respect in morality may reach beyond the limits of the Law.
2). Many ____________ and ______________ are a result of the inventor’s ability to see new and
different relationships among objects, processes, materials, technologies and people.
3). __________________ need to recognize certain personal factors and to limit their choice of
ventures accordingly.
4). A major difficulty for the inexperienced entrepreneur is the host of strange ___________ ______
and ________.
5). In ‘Corporate Law’, the term ‘_____________ _________’. The company has a separate and
distinct from that of its owners and can continue for an indefinite period of time.
6). The evaluation of a new-venture idea should start with identifying the ____________
______________ for producing a product or service.
7). Starting a new venture requires much of the entrepreneur’s time, which can in turn create a
____________ and _________ ______.
8). Several studies have been conducted to determine the personal ____________ & _______ of
successful entrepreneurs.
9). To establish an entrepreneurial mind-set, organizations need to provide the ____________ and
_________________ required for employees to develop their ideas.
Innovation
10). ____________ teams and the potential they hold for producing results that are recognized as a
productivity breakthrough for the twenty-first century.

(Total 20 Marks).
CONFIDENTIAL

Exam (Part Three):

1). (Total 15 marks).


Corporate Entrepreneurship Assessment Instrument (CEAI) was developed by researchers
Donald F. Kuratko and Jeffrey S. Hornsby to provide for a psychometrically sound instrument were
statistically analyzed and resulted in five identified factors.
a). Management support.
b). Autonomy / work discretion.
c). Rewards / reinforcement.
d). Time availability.
e). Organizational boundaries.
You are to explain each of the above factors the meaning and give examples.
Total word count 750 words.
https://scholar.afit.edu/cgi/viewcontent.cgi?article=4406&context=etd
2). (Total 15 marks).
What are the ‘Advantages & Disadvantages factors of Franchising?
You are to provide the factors and an explanation of each factor.
You are also to give an example of a Franchise organization in Malaysia and relate your example to
the above factors.
Total word count 750 words.

https://www.studysmarter.us/explanations/business-studies/business-case-studies/franchise-model-mcdonalds/

END OF QUESTION

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