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SECRET BM/SEP 2011/ENT300/ETR300 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION TRAINING COURSE COURSE CODE EXAMINATION TIME FUNDAMENTALS OF ENTREPRENEURSHIP ENT300/ETR300 SEPTEMBER 2011 3 HOURS INSTRUCTIONS TO CANDIDATES 1 . This question paper consists of four (4) parts: PORTION A (20 Questions) PORTION B (20 Questions) COMPONENT C (5 Questions) PORTION D (2 Questions) 2 . Answer ALL questions from PORTION A, B, four (4) questions from PART C, and one (1) query from PART D.
i) ii) iii) Answer COMPONENT A inside the True/False Answer Sheet, Solution PART W in the Aim Answer Sheet.
Answer PART C and PART Deb in the Solution Booklet. Begin each response on a new page. three or more. Do not deliver any material into the exam room unless of course permission has by the invigilator. Please examine to make sure that this examination load up consists of: i) ii) iii) iv) problem Paper a response Booklet , provided by the Faculty a True/False Solution Sheet , provided by the Faculty an Objective Answer Sheet , given by the Faculty 4. TEND NOT TO TURN THIS SITE UNTIL YOU ARE ADVISED TO DO SO This kind of examination paper consists of 10 printed web pages Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 2 BM/SEP 2011/ENT300/ETR300 PART A 1. An entrepreneur is definitely described as a person who acts as agent in modifying demand in to supply. The statement, “A entrepreneur is an individual who actively forms or leads his own business and nurtures it for growth and prosperity”, identifies the practical definition of an entrepreneur. In Malaysia, small and moderate enterprises (SMEs) contribute about 90% of the total useful in the production sector.
The franchisee a well-known company, which sells the right to another party to run the business business. In a franchise system, the promoting and advertising contribution is actually a one-off repayment made by the franchisee to acquire the right to function the operation In Malaysia, the small and medium businesses (SMEs) are generally registered while sole proprietorship businesses. The affairs coming from all business entities in Malaysia are ruled by the Memorandum and Article of Association.
Within a partnership organization, when you cannot find any written agreement, end of contract of any partner must be agreed simply by all companions Under the Professional Coordination Act (ICA) 1975, every production company is needed to obtain a manufacturing license coming from Malaysian Professional Development Power (MIDA). Planning of a strategy is a process that involves the identification, research and selection of viable businesses. The professional summary is usually part of the key body in the business plan. A well prepared businesses plan will help the businessperson to evaluate industry acceptance with the product or service.
A “process chart” refers to a diagram showing the layout of equipment, equipment, personnel and other services used in the operations Compilation of geographic, demographic and psychographic factors is a procedure for market segmentation. The term “target market” identifies the selection of customers with needs and wants that could be satisfied by business throughout the supply of goods or services. 2 . several. 4. your five. 6. several. 8. being unfaithful. 10. eleven. 12. 13. 14. 12-15. It is not necessary for companies to contribute to the Employees Provident Fund (EPF) as long they have contributed to the Social Protection Organisation (SOCSO). Hak Cipta Universiti Teknologi MARA CONFIDENTIAL 16. PRIVATE 3 BM/SEP 2011/ENT300/ETR300 18. The nature of industry is normally defined in the business aspect of the company plan. You should know for planning a cashflow statement is usually to determine the expected revenue for the planned period. Deposits and pre-operating bills are instances of expenditure which have been required to start a new business. The primary objective of Bumiputera Business people Retail Project Fund (PROSPER) is to improve and update Bumiputera entrepreneurs’ participation inside the retail organization. 20 marks) 18. nineteen. 20. Hak Cipta Universiti Teknologi MARA SECRET CONFIDENTIAL four BM/SEP 2011/ENT300/ETR300 PARTB 1 . Which from the following activities is related to entrepreneurship? A. M. C. Deb. E. Creation of something new of value Creation of riches Production of goods and companies Expansion of business choices All of the above 2 . Whom described an entrepreneur as a educated individual and it is instrumental inside the development of a city-state where enterprise will emerge? W. C. M. E. Farreneheit. Joseph Schumpeter Adam Johnson David McClelland Carl Menger Ibnu Khaldun. Which in the following claims best explains an entrepreneur that has internal locus of control? A. W. C. M. E. This individual believes the current acceptance or inability is determined by his own hard work. He features himself. This individual does not idea that success or perhaps failure of his enterprise is determined by fortune or good fortune. He would like to take personal responsibilities. This individual examines the situation and determine how to increase the chance of winning a business situation 4. The statement, “a successful business owner places the highest priority in getting a job completed”, can be associated with: A. B.
C. D. Elizabeth. Commitment to work agreement Concern to get high quality of work Efficiency alignment Systematic preparing Problem solving your five. Which in the following levels of creative imagination process requires discovery from the idea or solutions to the down sides? A. W. C. Deb. E. Background or know-how accumulation Incubation process Thought experience Analysis and execution Probably none in the above Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL a few BM/SEP 2011/ENT300/ETR300 6. Which of the subsequent is a source of innovation within the company or perhaps industry? A. B. C. D. E.
Demographic alter Incongruities New knowledge Difference in consumer preference None of them from the above several. Which from the following statements is TRUE of a partnership organization? A. N. C. Deb. A alliance business is usually incorporated within the Companies Take action 1965. A partnership business is included under the Partnership Act 1961. A partnership business is definitely incorporated within the Business Registration Act 1956. A collaboration is a legal entity and its identity is usually separate in the identity of its people. E. Lifespan of a alliance business is usually not based upon the fatality or resignation of its members.. Which will of the next statements of a private limited company is usually NOT TRUE? A. A private limited company may take legal action and face legal action under its very own name. N. The life span of any private limited company depends on the death or resignation of the members. C. The debts of the members in a non-public limited firm are limited to the total shares contributed to you can actually capital. D. A private limited company should have at least two people who will be of Malaysian Nationalities. E. The company’s stocks cannot be transacted through the share market. being unfaithful.
Which in the following transactions is TRUE with regards to a franchise business? A. A franchise is known as a product and/or service circulation system ruled by a agreement made among two celebrations i. at the. the franchisor and the franchisee B. A product/trade identity franchise is actually a system in which the franchisee acquires sales right which includes the trade identity, trademark, and products in the franchisor after the placing your signature to of the car dealership contract. C. A business formatting franchise is actually a system the place that the franchisee is usually granted the right to manufacture and market the franchisor’s item and/or solutions using a total franchisor’s business “set-up”.
M. The franchisee is a individual that purchases the proper from the franchisee to operate the franchise. Elizabeth. All of the above are true. 10. Which will of the entrepreneurs? A. N. C. G. E. subsequent ministries/agencies supplies financial assistance for Federal government Agricultural Advertising Authority (FAMA) Malaysian External Trade Advancement Corporation (MATRADE) Malaysian Entrepreneurship Development Hub (MEDEC) Perbadanan Usahawan Nasional Berhad (PUNB). Malaysian Professional Development Authority (MIDA) CONFIDENTIAL Hak Cipta Universiti Teknologi MARA CONFIDENTIAL 6th BM/SEP 2011/ENT300/ETR300 1 . Which will of the following statements is usually NOT TRUE? A. Construction of buildings can simply be carried out with the created approval via Local Power. B. In setting up a developing business, a planning permission from Regional Authority is necessary. C. Almost all business licences related to stock premises, advertising signage, storage area and canteen must be extracted from Local Specialist. D. Environmentally friendly control and approval are under the responsibility of Community Authority. At the. All of the above are not authentic. 12. Which usually of the pursuing statements is NOT TRUE of a business plan? A.
A business program is a created document that describes the proposed organization or task in a comprehensive manner. M. A business program can be used as a basis intended for determining the viability of the new business. C. A business prepare can be used like a communication instrument to influence potential buyers of the stability of the fresh venture. G. A business plan enables the entrepreneur to distribute business resources more effectively. E. A small business plan permits the businessman to evaluate and select a viable business idea. 13. Readers of your business plan include: I. II. III. IV. A. W. C. Deb. E.
Staff Investors Suppliers Registrar of Companies II only 2 and 3 only I actually, II and III only I, 2, and 4 only Each of the above 14. Which with the following is an objective of preparing a marketing plan? A. B. C. D. E. To evaluate market acceptance To build up marketing strategies intended for products or services made available from the business. To recognize required solutions to do the online marketing strategy. To estimation financial requirements for the marketing actions. All of the over are targets of organizing a marketing strategy. Hak Cipta Universiti Teknologi MARA CONFIDENTIAL SECRET 7 BM/SEP 2011/ENT300/ETR300 your five. The following elements should be considered when determining distribution strategy, EXCEPT: A. B. C. D. E. Kind of product Target audience Market share Market coverage. Item standardization 18. Which in the following information should be as part of the “organization” facet of the business program? A. Background of the listed owners in the business which includes their relevant qualifications, expertise, experiences, role in business and stake or share available. B. Objective statements which usually describe how entrepreneurs is going to achieve their purposes inside the environments through which they conduct business.
C. Nature with the industry, which includes economic styles, important legal or regulating issues, and potential dangers. D. Product characteristics, distribution, promotion, and pricing tactics. E. Amount of money needed to run the business, volume available, and amount expected from new sources. seventeen. Which in the following elements should be considered when choosing suppliers pertaining to raw materials? A. B. C. D. Elizabeth. Quality of the materials supplied Price and discount presented Payment and delivery terms Time between instructions and delivery All of the above factors should be thought about 18.
Which in turn of the following statements is definitely NOT TRUE of a process chart? A. Signs used in the task chart can also be used in a Work Activity Graph and or chart of a worker. B. Process Chart will show the pattern of activities required to create the product or perhaps services. C. In a method chart, “delay” means the process is postponed because the materials-inprocess are waiting for the next activity. D. The symbol ” V inch indicates the movement of materials or perhaps goods from one place to one other. E. The first step in preparing a procedure chart is usually to identify every one of the activities engaged to produce the product or perhaps deliver the companies. Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL eight BM/SEP 2011/ENT300/ETR300 19. Which will of the next statement is valid? A. Causes of finance refers to the options where money to finance a particular task implementation costs can be obtained. B. Internal causes of finance generally come in the shape of cash contributions or other assets through the entrepreneurs. C. External sources of finance are mainly derived from business banks, finance companies and gov departments. D. Exterior sources of financial may come by means of term financial loans, hire obtain or scholarships. E. All of the above are true. 0. Which of the following claims is TRUE? A. Pro maneira income affirmation refers to the projected statement of cash inflow and output throughout the designed period. W. Pro manera income affirmation shows the expected earnings or damage for the planned period. C. Expert forma salary statement shows the financial position of the organization at a unique point in time in terms of assets owned and how individuals assets will be financed. D. Pro maneira income statement shows first and stopping cash bills for a particular period. E. All of the above are true. (40 marks) Hak Cipta Universiti Teknologi MARA
CONFIDENTIAL CONFIDENTIAL on the lookout for BM/SEP 2011/ENT300/ETR300 PARTC ISSUE 1 Quickly explain five (5) with the personal gumptiouspioneering, up-and-coming competencies (PEC) associated with good entrepreneurs. (5 marks) QUERY 2 Exactly what the criteria utilized to evaluate and select viable gumptiouspioneering, up-and-coming opportunities? (5 marks) QUERY 3 Exactly what the factors that you need to consider when choosing a place for your business? (5 marks) QUESTION some In planning the organization prepare, it is important range from the organization composition of the organization organization. Briefly explain the many types of organizational framework. 5 marks) QUESTION five Briefly discuss the importance of preparing economic plan. (5 marks) Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL twelve BM/SEP 2011/ENT300/ETR300 PARTD PROBLEM 1 Define the term “entrepreneurial motivation”. Talk about, with examples, five (5) common features of achievement-oriented entrepreneurs. (20 marks) QUESTION 2 Make clear the importance of materials need planning. Illustrate the steps involved with materials requirement planning method. (20 marks) END OF QUESTION PAPER Hak Cipta Universiti Teknologi MARA CONFIDENTIAL