PEPERIKSAAN KHAS SEMESTER I

SESI 2013/2014
(SPECIAL EXAMINATION SEMESTER I
2013/2014SESSION)

KOD KURSUS SHD 3412/UHS3012

(COURSE CODE)

NAMA KURSUS KEUSAHAWANAN

(COURSE) (ENTREPRENEURSHIP)

PROGRAM SARJANA MUDA

(PROGRAMME)

MASA 60 MIN[T
(DURATION) (60 MINUTES)

TARIKH DISEMBER 2013

(DATE)
MARKAH 40 (MENYUMBANG 30% PERATUS KEPADA MARKAH
KESELURUHAN)
(CONTRIBUTING TO 30% OF THE OVERALL MARKS)

ARAHAN KEPADA CALON:

(INSTRUCTION TO CANDIDATES)
Jawab SEMUA soalan
(Answer ALL questions)

KERTAS PEPERIKSAAN INI TERDIRI DARIPADA 10 MUKASURAT SAHAJA

(TERMASUK MUKASURAT INI)
THIS EXAMINATION PAPER CONSISTS OF 10 PAGES ONLY (INCLUDING THIS
PAGE)
1. Project implementation cost includes the following components except
A. capital expenditure .
B. working capital requirements.
C. financing plan.
D. contingency costs.

2. Which of the following is not true concerning entrepreneurs and risk?

A. They usually take high risks.
B. They define risks early in the start-up process.
C. They minimize risks to every extent possible.
D. They see risk differently than the general public.

3. An organizational structure known as a "simple structure" is most often used when a company
A. first begins.
B. goes through rapid growth.
C. is in the maturity stage.
D. has many employees.

4. When acquiring assets through hire purchase, an entrepreneur

A. has to pay a cash down payment.
B. does not receive any cash.
C. pays a flat interest.
D. All of the above.

5. Marketing strategy consists of four key variables, also known as the 4Ps of marketing. These
four variables are
A. Product, Price. Place and Protection.
B. Product, Price. Packaging and Promotion.
C. Packaging, Price, Place and Protection.
D. Product, Price, Place and Promotion.

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6. A detailed analysis of a firm' s competitors is called a(n):
A. business analysis
B. industry analysis
C. strategic analysis
D. competitor analysis

7. Early definitions of entrepreneurs were developed by

A. marketing experts.
B. management experts.
C. economists.
D. personnel managers.

8. If an entrepreneur has an internal locus of control this means that he/she

A. minimizes risk.
B. feels comfortable in an unstructured situation.
C. believes that success or failure depends on his/her own actions.
D. sees changes as opportunities.

9. Which of the following group of people is considered to be least entrepreneurial according to

Adnan Alias (2004)?
A. Manager.
B. Administrator.
C. Franchisee.
D. Intrapreneur.

10. The term “entrepreneur” originated from a French word which means
A. to assume risk.
B. to undertake.
C. to venture.
D. to compete.
E. to make money

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11. Organizational plan includes the following information except
A. organization chart .
B. schedule of tasks and responsibilities.
C. list of office equipment.
D. list of products or services.

12. The main benefit of franchising includes

A. easy and cheap to start.
B. support from the franchisor.
C. low operating costs.
D. cheap franchise fees.

13. Financing a venture through borrowing is known as

A. equity investment.
B. debt financing.
C. venture capital.
D. stock sales.

14. Among the promotional methods usually used by new entrepreneurs to introduce their
businesses include all the following except
A. television advertising.
B. opening sales.
C. face-to-face sale.
D. purchase with purchase.

15. The financial plan of a business plan provides information that would enable management to
A. assess the ability to fulfill debt obligation.
B. secure enough financial resources.
C. identify business constraints.
D. develop vision.

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16. All the following factors should be considered in preparing sales forecast except
A. market size.
B. product or service description.
C. competitors strength.
D. market share.

17. Competition analysis, promotional strategies and pricing policy are reported in the
A. administrative plan.
B. operational plan.
C. marketing plan.
D. financial plan.

18. Which of the following information should not be included in the main body of a business plan?
A. Introduction.
B. Administrative plan.
C. Financial plan.
D. Entrepreneur 's definitions.

19. Cost of goods manufactured generally include all the following except
A. direct materials.
B. direct labour.
C. indirect materials.
D. indirect marketing.

20. Sources of finance to be reported in the financial plan can include all of the following except
A. sales.
B. bank loans.
C. hire purchase.
D. capital contribution by owners.

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21. Administration expenses normally includes the following except
A. office rentals and utilities.
B. salaries of administration staff
C. payments of hire purchase installments.
D. payments of EPF and SOCSO contributions.

22. Computers, cash registers, and copiers would be listed in start-up costs under
A. inventory.
B. supplies.
C. machinery and equipment.
D. prepaid expenses.

23. The following budget is not part of the financial inputs to the financial plan.
A. Operating budget.
B. Marketing budget.
C. Administration budget.
D. Financing budget.

24. Sources of business opportunities driven by innovation can be from

A. unexpected events.
B. the incongruous.
C. process requirements.
D. All of the above.

25. The primary purpose of the cash flow statement is to provide information
A. about a company's cash receipts and payments during a specific period.
B. about a company' s investing and financing activities during a specific period.
C. regarding a company' s financial position at the end of a specific period.
D. regarding a company's operating activities for a period of time.

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26. When starting a new entrepreneurial venture, an entrepreneur can do the following except
A. set up a new start up.
B. buy existing busi8ness.
C. enter into licensing agreement.
D. form a private limited company.

27. Sales projection is estimated based on

A. projected market share.
B. planned sales promotion.
C. administrative budget.
D. cash flow statement.

28. Entrepreneurs use financial information to

A. prepare a business plan.
B. support business decision making.
C. prepare work specification.
D. assist in staff performance appraisal.

29. All of the following are characteristics of a typical entrepreneur except

A. confidence in his/her ability to succeed.
B. value of money over achievement.
C. desire for immediate feedback.
D. future orientated.

30. The process of perceiving the possibility of a profitable new business, product or service idea is
referred to as:
A. inspired discovery.
B. opportunity recognition.
C. idea confirmation.
D. inspired detection

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31. Pro-forma statements are prepared based on
A. actual financial data.
B. projected financial data.
C. planned operational data.
D. actual marketing data.

32. The following are main sources of cash inflows except

A. term loans.
B. cash sales.
C. collections of receivables.
D. hire purchase.

33. The main benefits of a limited company start-up include the following except
A. freedom to choose business activities.
B. freedom to make business decisions.
C. freedom to use financing sources.
D. freedom to offer shares to the public.

34. An already successful entrepreneur who wants to expand his/her venture needs to analyze his/her
internal business environment. Such analysis would yield a view on
A. strengths and weaknesses of his/her firm.
B. investment opportunities and business development.
C. financing and marketing opportunities.
D. threats from his/her competitors.

35. The following budget is not part of the financial inputs to the financial plan.
A. Operating budget.
B. Marketing budget.
C. Administration budget.
D. Financing budget.

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36. Environmental analysis will generate business ideas. Among the micro environment that will
provide business opportunities is
A. national economic climates.
B. technological development in certain fields.
C. newly passed act by the parliament on certain issues.
D. changes in culture and way of life.

37. When you register your business as ______, no distinction is made between your business and
personal assets.
A. sole proprietorship
B. partnership
C. Private Limited Company
D. A and B

38. All business entities in Malaysia can be registered as the following legal forms except
A. sole proprietorship.
B. Limited liability partnership.
C. cooperative.
D. limited liability company.
E. franchising company.

39. Which of the following sequence of channel of distribution is not true?

A. Producer => consumer.
B. Producer => retailer => consumer.
C. Producer => wholesaler => retailer => consumer.
D. Producer => retailer => wholesaler => consumer.

40. All business entities in Malaysia can be registered under the following Acts except
A. Business Registration Act 1956.
B. Company Act 1965.
C. Cooperative Act 1948.
D. Local Government Act 1955.

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41. Technology-based businesses specializing in ICT are eligible for the following privileged status
under government special scheme.
A. MSC Status companies.
B. Pioneer Status companies.
C. BioNexus Status companies.
D. IRDA Status companies.

42. The study of population, income and social problems refers to the process of
A. selecting a business opportunity.
B. scanning the environment.
C. identifying the needs and wants of customers.
D. screening the business opportunities.

43. The cash flow statement presents the financial information based on the following principle/s:
A. Cash basis only.
B. Cash and accrual bases.
C. Accrual basis only.
D. Accrual and payables bases.

44. Which of the following was not identified as one of the main characteristics of successful
entrepreneurs?
A. passion for the business
B. tenacity despite failure
C. young and outgoing
D. execution intelligence

45. Administration budget needs to list administrative expenses which would be paid for on
A. monthly- and fixed-basis only.
B. fixed-, monthly- and one off-basis.
C. monthly-and one off-basis only.
D. fixed-and one off-basis only.

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