MNE_202V_June_Exam_2009_Eng_(222).final[1]

MNE_202V_June_Exam_2009_Eng_(222).final[1] - This paper...

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This paper consists of thirteen (13) pages and instructions for the completion of a mark reading sheet. This examination paper remains the property of the University of South Africa and may not be removed from the examination room. Section A is a compulsory section, which you have to answer on a mark reading sheet. In section B, you must answer question 1 and then either question 2 or question 3.
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MNE 202-V MAY/JUNE 2009 2 SECTION A Answer the following 30 multiple-choice questions on the mark reading sheet. The questions are worth one (1) mark each, so the total for the section is 30 marks. Make sure that the following information appears on the mark reading sheet: your student number the module code (MNE202V) the unique number of the paper 1 Which of the following individuals are not entrepreneurs? a John and Sam buy old books which they resell at their flea market stall. b Mary turns part of her home into a day-care centre. c Jack resigns from his job as a teacher to manage his uncle’s restaurant. d Peter sells snacks at a soccer match for SAFA. He gets paid R20 an hour. 1 a b 2 b c 3 c d 4 a d 2 Which of the following characteristics distinguish the entrepreneurial venture from a small business? a innovation b competitive advantage c potential for growth d economic growth 1 a b 2 a c 3 b d 4 c d
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MNE 202-V MAY/JUNE 2009 3 3 Entrepreneurial orientation is crucial to the survival and growth of firms and economic prosperity of nations. Factors that encourage an entrepreneurial orientation include _____. a unemployment b culture c job insecurity d education 1 a b 2 a c 3 b d 4 c d 4 Which one of the following characteristics of an entrepreneur best describes an entrepreneur who is driven internally by a strong desire to compete against self-imposed standards and pursue and attain challenging goals? 1 locus of control 2 passion 3 need for independence 4 need for achievement 5 Match the legal form of a business in the first column with the corresponding characteristics in the second column. Form of ownership Characteristics a Sole proprietorship i Must have at least one director b Partnership ii Owner personally liable for the debts of the business c Private company iii Skills or assets can also be part of contribution 1 a (i) b (ii) c (iii) 2 a (ii) b (iii) c (i) 3 a (iii) b (i) c (ii) 4 a (ii) b (iii) c (ii)
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MNE 202-V MAY/JUNE 2009 4 6 Fatal flaws in the business opportunity would include ______. a markets that are small b markets with less competition c markets where entrants cannot produce a sustainable competitive advantage d markets with low cost of entry 1 b d 2 a c 3 a b 4 c d 7 Which of the following are the actions required by an entrepreneur when “ opening the window of opportunity ? a
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This note was uploaded on 03/22/2011 for the course MNE 202V taught by Professor Unknown during the Spring '11 term at University of South Africa.

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MNE_202V_June_Exam_2009_Eng_(222).final[1] - This paper...

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