MIDTERM EXAMINATION Spring 2009 MGT602- Entrepreneurship (Session - 1 !

uestion No" 1 ( M#r$s" 1 - %&e#se 'hoose one (eing one)s o*n +oss is # nee, o-" Independence A'hie.e/ent A--i&i#tion Authorit0 !uestion No" 2 ( M#r$s" 1 - %&e#se 'hoose one The &e.e& #t *hi'h #n in,i.i,u#& is .ie*e, +0 so'iet0 is '#&&e," 1in#n'i#& st#tus !u#&i-i'#tion Social status A'hie.e/ent !uestion No" 2 ( M#r$s" 1 - %&e#se 'hoose one In,i.i,u#&s *ho he&p the entrepreneur in +usiness #'ti.ities #re '#&&e," Ro&e /o,e&s Mor#& support net*or$s Professional support networks (usiness support net*or$s !uestion No" 3 ( M#r$s" 1 - %&e#se 'hoose one Intern#tion#& entrepreneur)s ,e'isions #re /ore 'o/p&e4 +e'#use o-" (usiness e4p#nsion An#&0sis o- 5uge in-or/#tion is ,i--i'u&t 6o/p&e4 tr#ns#'tions Uncontrollable factors !uestion No" 7 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is # +usiness #rr#nge/ent in *hi'h so/eone e&se is #&&o*e, to use so/ething o- the 'o/p#n09 %#tent Tr#,e /#r$ 6op0 right Licensing !uestion No" 6 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is # pro'ess o- se&&ing goo,s to other 'ountries9 Non e:uit0 #rr#nge/ents M#n#ge/ent 'ontr#'ts Exporting Dire't -oreign in.est/ent !uestion No" ; ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is i/port#nt -or intern#tion#& +usiness to #.oi, tr#,e +#rriers9 %rote'tionist #ttitu,e Entrepreneuri#& p#rtnering 1ree tr#,e #re#s None of the given options !uestion No" < ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is #n i/port#nt sour'e o- i,e# gener#tion ,ue to their -#/i&i#rit0 *ith the nee,s o- /#r$et9 E4isting pro,u'ts #n, ser.i'es Distribution channels 1e,er#& go.ern/ent 6onsu/ers !uestion No" 9 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is # /etho, -or o+t#ining ne* i,e#s #n, so&utions +0 -o'using on pro+&e/s9 Product inventory analysis Gor,on /etho, 6he'$&ist /etho, S'ienti-i' /etho, http"==+oo$s>goog&e>'o/>p$=+oo$s9 i,?s01%0#gn@%A6Bpg?%A12<B,:?8hi'hConeCo-CtheC-o&&o*ingCisC#C/etho,C-orCo+t#iningCne*Ci,e#sC#n,Cso&utionsC+0C-o'usingConCpro+&e/s9 Bh&?enBei?uAD*T@6MAEe/'I5t:#sFBs#?XBoi?+oo$Gresu&tB't?resu&tBresnu/?1B.e,?066!!6AE*AAH.?snippetB:?%ro,u'tI20in.entor0 I20#n#&0sisB-?-#&se !uestion No" 10 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing insur#n'e is 'o/pu&sor0 -or 'o/p#nies #''or,ing to &#*9 @i-e insur#n'e %ropert0 insur#n'e Disability and vehicle coverage 5e#&th '#re 'o.er#ge !uestion No" 11 ( M#r$s" 1 - %&e#se 'hoose one 5e#&th insur#n'e pre/iu/ is &ess e4pensi.e i- there is" One insure, p#rti'ip#nts Ten p#rti'ip#nts

Large group of participants Jer0 s/#&& group o- p#rti'ip#nts

!uestion No" 12 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing prote'ts 'ontinuit0 o- the +usiness(spe'i#&&0 in p#rtnership 9 %ropert0 insur#n'e 6#su#&t0 insur#n'e @i-e insur#n'e onding !uestion No" 12 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is NOT #n e4tern#& -#'tor9 Ne* regu&#tions 6o/petition So'i#& 'h#nges !anufacturing !uestion No" 13 ( M#r$s" 1 - %&e#se 'hoose one 5o* /#n0 perspe'ti.es shou&, +e 'onsi,ere, *hi&e prep#ring +usiness p&#n9 One "hree 1our Not spe'i-i' !uestion No" 17 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing re.ie*s the tren,s #n, 'o/petiti.e str#tegies9 En.iron/ent#& #n#&0sis %ro,u't -ore'#st 6ontingen'0 p&#n Industry analysis !uestion No" 16 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing is in'&u,e, in the ,es'ription o- the +usiness9 @o'#tion %ro,u'ts o--ere, 5istor0 #ll of the given options !uestion No" 1; ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing +o,0 issues p#tents9 GATT NA1TA 1TA P"$ !uestion No" 1< ( M#r$s" 1 - %&e#se 'hoose one The pro,u't &i-e '0'&e st#rts *ith *hi'h st#ge o- pro,u't p&#nning #n, ,e.e&op/ent pro'ess9 Test /#r$eting st#ge %ro,u't ,e.e&op/ent st#ge 6o//er'i#&iD#tion st#ge Product planning and develop%ent process is a part of product life cycle !uestion No" 19 ( M#r$s" 1 - %&e#se 'hoose one In *hi'h o- the -o&&o*ing st#ge i,e# o- ne* pro,u't is teste, to ,eter/ine 'onsu/er #''ept#n'e9 &oncept stage %ro,u't ,e.e&op/ent st#ge Test /#r$eting st#ge 6o//er'i#&iD#tion st#ge !uestion No" 20 ( M#r$s" 1 - %&e#se 'hoose one De.e&oping # ne* i,e# through in:uir0 #n, testing is '#&&e," 'euristics 1or'e, re&#tionship S'ienti-i' /etho, J#&ue #n#&0sis !uestion No" 21 ( M#r$s" 1 - %&e#se 'hoose one 5#.ing &ess th#n 70 per'ent o- e:uit0 sh#re in #n intern#tion#& .enture is '#&&e," !inority interest Koint .enture M#Lorit0 interest E4porting !uestion No" 22 ( M#r$s" 1 - %&e#se 'hoose one 5#.ing /ore th#n 70I o*nership position th#t pro.i,es the entrepreneur *ith /#n#geri#& 'ontro& is '#&&e," Koint .enture !a(ority interest 5oriDont#& /erger Di.ersi-ie, #'ti.it0 /erger !uestion No" 22 ( M#r$s" 1 - %&e#se 'hoose one

8hi'h o- the -o&&o*ing is # /etho, o- se&&ing goo,s to #nother 'ountr0 through # person in the entrepreneur)s ho/e 'ountr09 Tr#,ing Dire't e4port Indirect export Do/esti' s#&es !uestion No" 23 ( M#r$s" 1 - %&e#se 'hoose one In *hi'h o- the -o&&o*ing entrepreneur *#s $no*n #s #n inno.#tor9 E#r&iest perio, Mi,,&e #ges 1;th 'entur0 )*th century !uestion No" 27 ( M#r$s" 1 - %&e#se 'hoose one In *hi'h o- the -o&&o*ing er# entrepreneur enters into # 'ontr#'t *ith go.ern/ent to per-or/ # ser.i'e9 20th 'entur0 E#r&iest perio, Mi,,&e #ges +,th century !uestion No" 26 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing t*o *or$ en.iron/ents shou&, +e goo, -or sp#*ning the ne* enterprises9 1in#n'e #n, /#r$eting 1in#n'e #n, RBD !arketing and -.D M#r$eting #n, IT !uestion No" 2; ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is # -ir/ th#t #'hie.es /o,est gro*th9 5igh potenti#& gro*th -ir/ /oundation fir% @i-e st0&e %u+&i' 'o/p#n0 !uestion No" 2< ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing #re the 1#st-gro*th 0oung 'o/p#nies9 0a1elles %anual @i-e st0&e 1oun,#tion 6o/p#n0 None o- the gi.en options !uestion No" 29 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is the -irst step in the entrepreneuri#& pro'ess9 Deciding to beco%e an entrepreneur Gro*ing the entrepreneuri#& -ir/ Mo.ing -ro/ #n i,e# to #n entrepreneuri#& -ir/ De.e&oping su''ess-u& +usiness i,e#s !uestion No" 20 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h one o- the -o&&o*ing is NOT # ph#se o- entrepreneuri#& pro'ess9 I,enti-i'#tion #n, e.#&u#tion o- opportunit0 De.e&op/ent o- +usiness p&#n Deciding to beco%e an entrepreneur Deter/in#tion o- re:uire, resour'es !uestion No" 21 ( M#r$s" 1 - %&e#se 'hoose one The resist#n'e o- e/p&o0ees in #n org#niD#tion #g#inst -&e4i+i&it0M gro*thM #n, ,i.ersi-i'#tion '#n +e o.er'o/e +0 ,e.e&oping *hi'h o- the -o&&o*ing9 Entrepreneurship Intrapreneurship M#n#geri#& ,o/#in A,/inistr#ti.e ,o/#in !uestion No" 22 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing -#'tor h#s #&&o*e, s/#&& 'o/p#nies to #'t &i$e the0 #re +ig ones9 "echnology 6usto/ers E'ono/i' ,e.e&op/ent 6o/petition !uestion No" 22 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing is .er0 i/port#nt to ,e.e&op # goo, te#/ -or 're#ting so/ething ne*9 Nepotis/ $pen discussion Non -&e4i+&e +eh#.ior Dis'our#ge/ent o- te#/ /e/+er)s i,e#s !uestion No" 23 ( M#r$s" 1 - %&e#se 'hoose one 8h0 is the e.#&u#tion o- #n opportunit0 the /ost 'riti'#& e&e/ent o- the entrepreneuri#& pro'ess9 It he&ps the entrepreneur in ,e.e&oping # goo, +usiness p&#n It enables the entrepreneur to (udge the %arket and the co%petition It #&&o*s the entrepreneur to 'o/p#re the prospe'ti.e returns #n, the resour'es nee,e, It he&ps ,e.e&op the opportunit0 #ssess/ent p&#n

!uestion No" 27 ( M#r$s" 1 - %&e#se 'hoose one A set o- re#sons -or eng#ging in # p#rti'u&#r +eh#.iorM espe'i#&&0 hu/#n +eh#.ior is $no*n #s *hi'h o- the -o&&o*ing9 J#&ues Jision Entrepreneurship !otivation !uestion No" 26 ( M#r$s" 1 - %&e#se 'hoose one 8hi'h o- the -o&&o*ing #re#s #re pre-erre, +0 *o/en entrepreneurs9 #d%inistration Ati&ities M#nu-#'turing None o- the #+o.e !uestion No" 2; ( M#r$s" 1 - %&e#se 'hoose one Degree o- in-&uen'e #n, 'ontro& on other peop&e is '#&&e," Locus of control @o'o/otion o- 'ontro& @o'ust o- 'ontro& @oss o- 'ontro& !uestion No" 2< ( M#r$s" 1 - %&e#se 'hoose one Mor#& support net*or$ in'&u,es #&& o- the -o&&o*ing EX6E%T Spouses 1rien,s usiness associates Re&#ti.es !uestion No" 29 ( M#r$s" 1 - %&e#se 'hoose one %ro-ession#& support net*or$ in'&u,es #&& o- the -o&&o*ing EX6E%T %erson#& #--i&i#tions Mentor Tr#,e #sso'i#tions /riends !uestion No" 30 ( M#r$s" 1 - %&e#se 'hoose one The -or/er ASSR re'ei.e, te'hno&og0 #n, s0rup -ro/ %epsi #n, pro.i,e, it *ith So.iet .o,$# #n, rights to ,istri+ute it in the AS> This is #n e4#/p&e o-" E'ono/i' ,e.e&op/ent arter syste% (#&#n'e o- p#0/ent Intern#tion#& tr#,e !uestion No" 31 ( M#r$s" 7 Dis'uss the N#ge) -#'tor #s #n i/port#nt 'h#r#'teristi' o- entrepreneurs2
#ge Entrepreneurial age is the age of the entrepreneur reflected in the experience2 Entrepreneurial experience is one of the best predictors of success2 In chronological age3 %ost entrepreneurs start their careers between ages )) and 442 Earlier starts in an entrepreneurial career see% to be better than later ones2 0enerally3 %ale entrepreneurs start their first venture in their early 5*s3 while wo%en tend to do so in their %iddle 5*s2

!uestion No" 32 ( M#r$s" 7 E&#+or#te the situ#tion o- entrepreneurship in the 1#r E#st>
"he /ar East +2 Entrepreneurial success in so%e #sian countries has been significant because of the culture and the political and econo%ic syste%s2 )2 "he !alaysian govern%ent has established the !alaysian Industrial Develop%ent authority to pro%ote efforts to eradicate poverty3 but has not acco%plished %uch2 52 In Singapore3 entrepreneurial success is greatly estee%ed2 62 7apan8s social structure discourages entrepreneurship2 42 'ong 9ong is a %a(or entrepreneurial center2