Entrepreneurship Development (MGTC3105)

Higher Institute of Commerce and Management (HICM)

Semester: First Semester

Level: 300

Year: 2014

Answers (200 )
DATE: 19/02/14
THE BAMENDA UNIVERSITY
HIGHER INSTITUTE OF COMMERCE AND MANAGEMENT SCIENCES
FIRST SEMESTER EXAMINATION 2013/2014
COURSE LECTURER: PROF. FORJE L. C.
COURSE TITLE: ENTREPRENEURSHIP DEVELOPMENT
COURSE CODE: MGSC 205
CREDIT VALUE: 6 CREDITS TIME: 08:00-11:00
INSTRUCTION: ANSWER ALL THE QUESTIONS
1
Which of the following is not one of the barriers to intrapreneurship
a)
the inherent nature of large organization
b)
the need for short-run profits
c)
the market
d)
the lack of entrepreneurial talent
e)
inappropriate compensation methods
2
Innovation is necessarily a bottomup process that can only work when supported from the top. Is this
a)
True
b)
False
3
Is intrapreneurship in the public sector about
a)
growth and efficiency
b)
showing courage and imagination
c)
both?
4. According to the model of change, the change process involves freezing and organisation, changing it and
then unfreezing it. Is this
a)
true
b)
false
5.
What is the enemy of learning
a)
tradition
b)
secrecy
c)
learning
6.
Who suggested that the barriers to growth in small firms can be grouped into three categories management
& motivation, resources & market, opportunities and structure?
a)
Barber et al. (1989)
b)
Barrow (2000/2001)
7.
Which of these isn’t one of the stages in the Churchill and Lewis (1983) growth model?
a)
Conception/existence
b)
Lunch
c)
Survival
d)
profitability and stabilization
e)
profitability and growth
f)
take-off
g)
maturity
8 To retain their entrepreneurial drive as they grow, firms need to remain focused on their customers, and
capable of anticipating and responding to their needs? Is this
a) true
b) false?
9. When should a firm begin to look for a successor to its founder?
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a) when the founder decides he or she wishes to retire
b) 15-20 year in advance of the fonder retiring
c) only when it is absolutely necessary
10. When selecting members for the entrepreneurial team, the entrepreneur needs to consider their: i) expertise,
ii) track record, iii) credibility iv) levels of motivation, v) contact networks. Is this
a) true
a) false
11.
Someone who learns entrepreneurship on the job is called:
a)
Entrepreneur
b)
Intrapreneur
12.
Opportunity identifier is:
a)
A leader
b)
Entrepreneur
13.
Someone who identifies a business opportunity and takes it to the market place has:
a)
Entrepreneurship leadership skills
b)
Entrepreneurial skills
14.
A clown is an entrepreneur:
a)
True
b)
False
15 What according to Timmons (1994) is the trigger that stimulates entrepreneurship development?
a)
desire for wealth
b)
education
c)
independence
16.
Which of the following are not included in Morri son’s five socio-cultural factors influencing the
development of en enterprise culture?
a) Religion
b)
education
c)
family
d)
employment levels
e)
corporate culture
17.
Traditionally entrepreneurship has flourished when an economy is in recession, is this:
a)
true
b)
false
18.
How does corporate culture stultify entrepreneurship development?
a)
by emphasising the benefits derived from economies of scale
b)
through the internal culture of the large or gani sation
c)
by encouraging business with prestigious multi-national organisations
d)
by preventing small firms from entering the market
19.
According to Wickham (1998), there is a hierarchy of entrepreneurial activity with the management
of not for profit activities on the highest level in the hierarch. Is this-
a)
true
b)
false
20. Does the term “forced entrepreneurship” mean that people are forced to become self-employed
because of:
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a)
high levels of unemployment
b)
Discrimination
c)
Redundancy
d)
Social pressure?
21.
How many new ventures are estimated to fail within two years of their formation?
a)
38 percent
b)
57 percent
c)
75 percent
22. Which factors appear to affect the rate of self-employment?
a) gender
b)
age
c)
ethnic origin
d)
education
23.
According to the work of Storey (1994), what proportion of all new ventures might be expected to create 50
percent of the employment generated?
a)
4 percent
b)
10 percent
c)
20 percent
24.
An Entrepreneur is
a)
A Byam-Sellam
b)
One who identifies business opportunity
25.
Entrepreneurship is a
a)
A born leader
b)
One who learns and acquires entrepreneurial skills
26.
An Intrapreneur is one who
a)
Acquires business knowledge from the classroom
b)
Acquires knowledge on the job
27.
Intrapreneurship Skill is acquired from
a)
birth
b)
classroom
c)
from a job side
28. Entrepreneurial leadership
a)
A political leader
b)
A trader
c)
One who can identify business opportunity and take it to the market place
29.
A mad man is an entrepreneur
a)
True
b)
False
30.
A teacher is an entrepreneur
a) True
c)
False
31.
A cook is an entrepreneur
a)
True
b)
False
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32.. Bayam-Sellams are entrepreneurs <•
a)
False
b)
True
33.
Entrepreneurship cuts across all walks of life
a)
True
b)
False
34.
Entrepreneurship can serve the public sector well
a)
True
b)
False
35.
Entrepreneurship knowledge is good for everybody
a)
False
b)
True
GOOD LUCK!!!
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