Guess Paper 1: Entrepreneurship Fall – 2020 Past Papers
Time Allowed: 3 hours
Total Marks: 70, Passing Marks (35)
- Entry wedges / Industry analysis
- Rivalry between firms / competitor analysis
- Risk & uncertainty
- Strategy and industry environment
- The top management team
Guess Paper 2: Entrepreneurship Spring – 2020 Past Papers
Time Allowed: 3 hours
Total Marks: 70, Passing Marks (35)
Q.1 Explain the following. a. Define entrepreneurship b. What is project? c. How do you increase the value of your customer? d. Macro environment e. Industry environment Q.2 What are dimensions of entrepreneurship? Also elaborate the risk and uncertainty associated with it. Q.3 Explain the process of environmental analysis in detail. Q.4 What is industry analysis? Also explain perfect competition model in detail. Q.5 Explain macro environment of international entrepreneurship in detail. Q.6 Being an entrepreneur prepare a business plan for your business. Q.7 Attempt any TWO of the following. a. Sales forecasting b. Resource based strategy c. International organizational behavior.[OBJECTIVE] Subject: Entrepreneurship Time Allowed: 10 Minutes Maximum Marks: 10 NOTE: Attempt this Paper on this Question Sheet only. Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above. Part-I Encircle the right answer, cutting and overwriting is not allowed. (1×10=10) 1. A person who organizes, manages and assumes the risks of starting and operating a business to make a profit is called a(n): a. Entrepreneur b. Investor c. Speculation d. Small business person 2. According to the text, which of the following qualities will increase your chance of succeeding as an entrepreneur? a. Vision b. Risk orientation c. Determination d. All of these 3. Which of the following was not cited as a reason for starting a new business? a. Independence b. Challenge c. Profit d. Increase of leisure time 4. Mr. X is employed in a corporation to launch new products. He is a(n): a. Entrepreneur b. Intrapreneur c. Innovator d. Franchisor 5. Which of the following would be included in the business plan? a. Capital required b. Marketing plan c. Management team d. All of these 6. The form of business organization that has the largest sales volume is the: a. Partnership b. Corporation c. Cooperative d. None of these 7. Which of the following is an advantage of a sole proprietorship? a. Ease of starting a business b. Being your own boss c. Pride of ownership d. All of these 8. Organizations in a mobilize their resources toward selling, advertising and other promotional efforts: a. Sales orientation b. marketing orientation c. Product orientation d. Production orientation 9. The first step in the marketing process is: a. Identify need b. Test marketing ¢. Conduct research a. Build a relationship with customers 10. The two most dominant trends in business are: a. Downsizing and restructuring b. Technology and globalization ¢. Strategic alliances and joint ventures d. None of these [SUBJECTIVE] Subject: Entrepreneurship Time Allowed: 2 Hours 45 Minutes Maximum Marks: 50 NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED. Part-II Give short answers of the following:. (2×10=20) Q#1: What is Entrepreneurship? Q#2: Define estate planning? Q#3: What points we should keep in mind to study the market? Q#4: What is S Corporation? Q#5: Define business process reengineering? Q#6: What is SMEDA? Q#7: Enlist stages of product life cycle. Q#8: What is an idea? Q#9: Write down any four advantages of corporation? Q#10: What do you mean by operation planning? Part-III Give brief answers of the following:. (3×10=30) Q#3: Explain the steps or procedure for buying an existing business. Q#4: Explain the characteristics of entrepreneurs? Q#5: What is Franchising? Explain the merits and demerits of franchising.
[OBJECTIVE] Subject: Entrepreneurship (Commerce) Time Allowed: 15 Minutes Maximum Marks: 10 NOTE: Attempt this Paper on this Question Sheet only. Please encircle the correct option. Division of marks is given in front of each question. This Paper will be collected back after expiry of time limit mentioned above. Part-I Encircle the right answer, cutting and overwriting is not allowed. (10) 1. Creativity process may be better explained by the sequence: a) Incubation, insight and evaluation b) Evaluation, insight and incubation c) Incubation, evaluation and insight d) Evaluation, incubation and insight 2. Statement of cash flow covers all transactions: a) That are on credit only b) That are in cash only c) Both cash and credit d) Could include any of them 3. Cash flow statement does not include: a) Operating activities b) Financing activities c) Start up activities d) Investment activities 4. _____tells the spending in business, up till the business starts earning profits a) Preliminary expenses b) Underwriters’ commission c) Agent fee d) Burn rate 5. Reducing possibility of external debt through cost saving is often termed as: a) Bootstrapping b) Cost minimization c) Personal financing d) Loan from friends and family 6. An already established business firm that invests in entrepreneurial venture, could hest he termed as: a) Business angels b) Venture capital c) Friends equity d) Sweat equity 7. Concept test does not deal with: a) Description of product and services b) Market positioning c) Description of management team d) Competitors market 8. Segmenting market on the basis of spending habits, is: a) Demographical segmentation b) Psychographic segmentation c) Area segmentation d) Income based segmentation 9. An actor and a person who managed large project were termed as the entrepreneur in the a) Earliest period b) Middle ages c) 17th century d) 19th and 20th century 10. Elevator presentation is planned to attract: a) Customers b) Partners c) Potential investors d) All of them [SUBJECTIVE] Subject: Entrepreneurship (Commerce) Time Allowed: 2 Hour and 45 Minutes Maximum Marks: 50 NOTE: ATTEMPT THIS (SUBJECTIVE) ON THE SEPARATE ANSWER SHEET PROVIDED. Part-II Give Short answers, Each question carries equal marks. (20) Q#1: IPO vs. Secondary offering Q#2: Sweat equity vs financial equity Q#3: Management prowess Q#4: Young, part time and minority entrepreneur Q#5: Financial and liquidity objectives of business Q#6: Guerilla and viral marketing. Q#7: Creativity process. Q#8: Pro form a financial statement vs. historical statement Q#9: Economic and social forces that help in idea generation of a business Q#10: Cost leadership and differentiation strategies Part-III Give detailed answers, Each question carries equal marks. (30) Q#1: State the content of successful business plan? Q#2: Identify and explain the three ways of identifying opportunity? Q#3: Explain strategic management process?