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BM/SEP 2011/ENT300/ETR300

UNIVERSITI TEKNOLOGI MARA LAST EXAMINATION

STUDY COURSE COURSE CODE EXAMINATION TIME

FUNDAMENTALS OF ENTREPRENEURSHIP ENT300/ETR300 SEPTEMBER 2011 3 SEVERAL HOURS

INSTRUCTIONS TO CANDIDATES 1 . This issue paper contains four (4) parts: PART A (20 Questions) PART B (20 Questions) PORTION C (5 Questions) PART D (2 Questions)

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Answer ALL questions from PART A, M, four (4) questions from PART C, and one particular (1) query from PORTION D. i) ii) iii) Answer COMPONENT A inside the True/False Solution Sheet, Answer PART W in the Objective Answer Piece. Answer PORTION C and PART M in the Solution Booklet. Start off each answer on a fresh page.

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Do not take any materials into the evaluation room except if permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) iii) iv) the Question Paper a remedy Booklet - provided by the Faculty a True/False Answer Sheet -- provided by the Faculty a target Answer Piece - offered by the Teachers

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USUALLY DO NOT TURN THIS PAGE UNTIL YOU ARE ADVISED TO DO SO

This kind of examination conventional paper consists of twelve printed internet pages

В© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

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BM/SEP 2011/ENT300/ETR300

COMPONENT A

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An entrepreneur can be described as an individual who acts as agent in changing demand into supply. The statement, " A entrepreneur is an individual who actively varieties or potential clients his individual business and nurtures that for growth and prosperity", refers to the functional meaning of an entrepreneur. In Malaysia, small and medium corporations (SMEs) contribute about 90% of the total value added in the manufacturing sector. The franchisee is a company which in turn sells the right to another part of operate the franchise organization. In a franchise system, the advertising and promotional contribution is a one-off payment of the franchisee to purchase the justification to operate the franchise In Malaysia, the little and medium enterprises (SMEs) are commonly authorized as single proprietorship businesses. The affairs of all organization entities in Malaysia will be governed by the Memorandum and Article of Association. In a partnership business, the moment there is no written contract, termination of any spouse must be decided by all partners Within the Industrial Dexterity Act (ICA) 1975, every single manufacturing organization is required to obtain a manufacturing certificate from Malaysian Industrial Expansion Authority (MIDA). Preparation of your business plan is a process which involves the identity, analysis and selection of feasible business ideas. The executive overview is area of the main physique of the strategy. A well prepared operations program will help the entrepreneur to judge market acceptance of the products or services. A " process chart" refers to a diagram showing the agreement of machines, equipment, personnel and other services used in the operations Compilation of geographic, demographic and psychographic elements is a procedure for market segmentation. The term " target market" refers to the group of consumers with requirements and desires that can be satisfied by the organization through the supply of goods or services.

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It is not mandatory for employers to contribute to the Employees Provident Finance (EPF) so long they have contributed to the Cultural Security Enterprise (SOCSO). В© Hak Cipta Universiti Teknologi MARA PRIVATE

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BM/SEP 2011/ENT300/ETR300

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The nature of market is normally described in the firm aspect of the business plan. One of the main reasons for setting up a cash flow statement should be to determine the expected earnings for the planned period. Deposits and pre-operating expenses are samples of expenditure that are required to start up a new business. The primary objective of Bumiputera Business people Retail Task Fund (PROSPER) is to enhance and up grade Bumiputera entrepreneurs' participation in...