Download BU (Bangalore University) MBA 2nd Semester 2017 July Entrpreneurship Ethics Question Paper

Download BU (Bangalore University) MBA (Master of Business Administration) 2nd Semester 2017 July Entrpreneurship Ethics Question Paper

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ll Semester M.B.A. Degree Examination, July 2017
(C305 Scheme)
MANAGEMENT
Paper 4- 2.3 : Entrepreneurship and Ethics
Time : 3 Hours Max. Marks : 70
Instruction .' Ans wer aII Sections.
SECTION ?A
Answerany five of the following questions. Each question carriesfive marks. (5x5=25)
1.
?Entrepreneurs are not born, but made". Discuss.
2. How do small business estimate their financial requirements ?
3. Explain the social responsibilities of entrepreneurs.
4. What is franchising ? Explain the advantages of'franchising.
5. Why do some business plans fail ? Explain.
6. Discuss the critical factors for new venture development.
7. What is code of conduct and how useful is it in promoting ethical behaviour ?
SECTION ? B
Answerany three questions. Each question carries ten marks. ? (3x10=30)
8. Describe the predominance and contribution of new ventures in the economy.
9. Briefly describe each of the major segments to be covered in a business plan.
10. Identify and discuss the legal forms available for entrepreneurs structuring their
ventures.
11. Explain the goals of Business ethics. What are pros and cons of business ethics ?
P.T.O.

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SECTION ? C
Case study 2 Compulsory. 15
12. Jane?s Evaluation : I
Paul Medwick is a commercial banker. In the past month he has received loan
applications from three entrepreneurs. All three have fledgling businesses with
strong potential. However, Paul believes it is important to look at more than just
the business itself; the individual also needs close scrutiny.
The three entrepreneurs are (1) Robin Wood, owner of a small delicatessen
located in the heart of a thriving business district ; 2) Richard Trumpe, owner of
a ten-minute oiI-change-and-lub'e operation ; and 3) Phil Hartack, Owner of a
bookstore that specializes in best sellers and cookbooks. Paul has had the
bank?s outside consultant, Professor Jane Jackson, interview each of the three
entrepreneurs. Jane has done a lot of work with entrepreneurs and after a couple
of hours of discussion is usually able to evaluate a person?s entrepreneurial
qualities. In the past Jane has recommended 87 people for loans and only two of
these ventures have failed. This success rate is much higher than that for
commercial loans in general. Here is Jane?s evaluation of the three people whom .
she interviewed.
CHARACTEHISTIC ROBIN WOOD RICHARD P_HIL
TRUMPE HARTACK
Perseverance H M V i M
Drive to achieve M H M
Initiative M H M
Persistent problem solving M M H
Tolerance for ambiguity L ? M r H
Integrity and reliability ' H M ? H
Tolerance for failure H H H

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Creativity and innovativeness M
Self?confidence H
Independence H
H = High
M = Medium
L = Low.
Questions :
1) Which of the three applicants do you think comes closest to having the mind-
set of an ideal entrepreneur ? Why ?
2) To which applicant would you recommend that the bank lend money ? (Assume
each has asked for a loan of $ 50,000). Defend your answer.
3) Can these three entrepreneurs do anything to improve their entrepreneurial
profile and their chances for success ? Be specific in your answer.