Anna University MBA Important Question Bank (Most Important Questions)
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
III SEMESTER
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BA5014 – ENTREPRENEURSHIP DEVELOPMENT
Regulation – 2017
Academic Year 2019 - 2020
Prepared by Ms. A.UmaDevi – Asst. Professor
SUBJECT: BA5014 – ENTREPRENEURSHIP DEVELOPMENT
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SEM / YEAR: III Semester / II Year
UNIT – I – ENTREPRENEURAL COMPETENCE
Entrepreneurship concept – Entrepreneurship as a Career – Entrepreneurial Personality – Characteristics of Successful, Entrepreneur – Knowledge and Skills of Entrepreneur
PART- A
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | Who is an Entrepreneur? | Level 1 | Remembering |
| 2 | Briefly explain the term Intrapreneur | Level 2 | Understanding |
| 3 | Identify the differences between Entrepreneur & Entrepreneurship | Level 3 | Applying |
| 4 | Do you think that Entrepreneurs need to be aware of their self- competency? | Level 4 | Analysing |
| 5 | What conclusions can you draw about the drone Entrepreneur? | Level 5 | Evaluating |
| 6 | Give your opinion about Fabian Entrepreneur. | Level 6 | Creating |
| 7 | What is Entrepreneurial personality? | Level 1 | Remembering |
| 8 | Compare the role of the Manager with that of the Entrepreneur. | Level 2 | Understanding |
| 9 | Identify the barriers to Entrepreneurship | Level 3 | Applying |
| 10 | Examine the term Competency. | Level 4 | Analysing |
| 11 | Academic Technical Knowledge is a must for the Entrepreneur. Justify. | Level 5 | Evaluating |
| 12 | Briefly explain the term social Entrepreneurship. | Level 6 | Creating |
| 13 | Recall the functions performed by the Entrepreneur. | Level 1 | Remembering |
| 14 | What facts show that Entrepreneurs have a role in Economic Development? | Level 2 | Understanding |
| 15 | Making use of theory, define that leadership quality is required for an Entrepreneur. | Level 3 | Applying |
| 16 | Examine the skills required for an Entrepreneur. | Level 4 | Analysing |
| 17 | Define Entrepreneurship. | Level 1 | Remembering |
| 18 | What can you say about idea generation function of the Entrepreneur? | Level 2 | Understanding |
| 19 | List out the skills required to become an Entrepreneur. | Level 1 | Remembering |
| 20 | List any four positive aspects of Entrepreneurial career. | Level 1 | Remembering |
PART- B
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| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | How would you explain the characteristics of successful entrepreneurs with any two examples from South Indian food industry? | Level 1 | Remembering |
| 2 | i) Summarize the factors favoring entrepreneurship as a career option.(8 Marks) ii) How would you compare Entrepreneur, Manager and Intrapreneur.(5 Marks) | Level 2 | Understanding |
| 3 | Identify the skills required by the Entrepreneur to run his successfully. | Level 3 | Applying |
| 4 | i) Examine the statement "Certain command of Knowledge is a must for an Entrepreneur”(8 marks) ii) Discuss about different types of Entrepreneurs(5 marks) | Level 4 | Analysing |
| 5 | Explain how one can make a career by entrepreneurship. | Level 5 | Evaluating |
| 6 | (i). An Entrepreneur should be able to perform all that is necessary for establishment and expansion of the enterprise Justify(8 marks) (ii). An Entrepreneur performs commercial functions also. Justify(5marks) | Level 6 | Creating |
| 7 | (i). What barriers inhibit the growth of Entrepreneurship in a society? (7 Marks) (ii). What are the promotional functions that all entrepreneurs perform? (6 Marks) | Level 1 | Remembering |
| 8 | Explain state government policies to promote entrepreneurship. | Level 2 | Understanding |
| 9 | (i). Identify the competencies required for Entrepreneurs (8 Marks) --- Content provided by FirstRanker.com --- (ii). Using what you have learned, classify the entrepreneurs based on technology(5 Marks) | Level 3 | Applying |
| 10 | Analyze the main roles performed by the Entrepreneur. | Level 4 | Analysing |
| 11 | What are the different stages in the Entrepreneurial process? Explain with the help of a schematic diagram | Level 1 | Remembering |
| 12 | (i). Explain Schumpeter's theory of innovation(7marks) (ii). Explain how social entrepreneurs benefits society and humanity.(6 marks) | Level 2 | Understanding |
| 13 | Discuss the Common Myths associated with Entrepreneur. | Level 4 | Analysing |
| 14 | (i). Match the Entrepreneur and the self-employed person. (5Marks) (ii). Define Personality. Briefly explain the personality types of entrepreneur with suitable examples and arguments. (8 Marks) | Level 1 | Remembering |
PART - C
| S.NO | QUESTIONS |
|---|---|
| 1 | Hall Mark of an Entrepreneurial character is innovation – Discuss. |
| 2 | Reverse migration of labor can be achieved through entrepreneurship – Explain |
| 3 | “MAKE IN INDIA” project of our Prime Minister is encouraging the entrepreneurs to expand their examples from Indian Pharmaceutical Industry. |
| 4 | Why many women now a days prefer to start their own ventures rather than pursuing traditional career paths? |
UNIT – II – ENTREPRENEURAL ENVIRONMENT
Environment – Role of Family and Society - Entrepreneurship Development Training and Other Support Organizational Services - Central and State Government Industrial Policies and Regulations - International
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PART- A
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | Define Environment. | Level 1 | Remembering |
| 2 | Briefly Explain how the technological Environment induces entrepreneurship development | Level 2 | Understanding |
| 3 | State the role of family in entrepreneurial development. | Level 3 | Applying |
| 4 | List the objectives of Entrepreneurial Training programs | Level 4 | Analysing |
| 5 | Elaborate on support organization services for Entrepreneurship Development. | Level 5 | Evaluating |
| 6 | Why is international so important to an entrepreneur? | Level 6 | Creating |
| 7 | What kind of promotion activities are provided by organizations that support Entrepreneurship development? | Level 1 | Remembering |
| 8 | Tax holiday is a benefit given to entrepreneurs – Illustrate. | Level 2 | Understanding |
| 9 | Identify how Government policy on incentives motivates Entrepreneurs. | Level 3 | Applying |
| 10 | Examine the subsides provided by the state government. | Level 4 | Analysing |
| 11 | What are the forces that prevent the entrepreneur to engage in International ? | Level 5 | Evaluating |
| 12 | Discuss the benefits associated with incentives and subsidies. | Level 6 | Creating |
| 13 | List out the needs for Entrepreneurship Development Programmes. | Level 1 | Remembering |
| 14 | Outline the objectives of the Industrial Policy! | Level 2 | Understanding |
| 15 | What facts show that the 9th 5 year plan contributed to strengthening the SSIs? | Level 3 | Applying |
| 16 | Examine how international supports small entrepreneurs in India. | Level 4 | Analysing |
| 17 | What is the role played by any 2 organizations which are supporting to entrepreneurial development in India? | Level 1 | Remembering |
| 18 | What approach the entrepreneur would take when he engages in indirect exporting? | Level 2 | Understanding |
| 19 | Recall few points that push the entrepreneur to undertake International | Level 1 | Remembering |
| 20 | What are the sources for Idea generation? | Level 1 | Remembering |
PART-B
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | (i). How does knowledge of the environment benefit the entrepreneur? (8 marks) (ii).Explain the social and legal environment and their impact on (5 marks) | Level 1 | Remembering |
| 2 | (i).Summarize the advantages and disadvantages of family (5 marks) (ii).Explain Entrepreneurship Development Programs & its phases. Support your answers with example. (8 marks) | Level 2 | Understanding |
| 3 | (i). Identify the need for Entrepreneurship development (7 marks) --- Content provided by FirstRanker.com --- (ii). Using what you have learnt explain how development in the international environment impact entrepreneurial (6 marks) | Level 3 | Applying |
| 4 | Discuss Entrepreneurship development training. | Level 4 | Analysing |
| 5 | Discuss the role of family and society in entrepreneurship development, especially in a developing economy like India. | Level 5 | Evaluating |
| 6 | Give your opinion about the various schemes offered by government for promoting Entrepreneurship in India | Level 6 | Creating |
| 7 | (i).What are incentives provided to entrepreneurial firms by the government?(6 marks) (ii).What are the reasons entrepreneurs engage in International ? (7 marks) | Level 1 | Remembering |
| 8 | (i). Subsidy is given by the government to an entrepreneur to cover the cost - Illustrate (5 marks) (ii). Summarize the contribution of State financial corporation to the development of Small Scale Enterprises in the country (8 marks) | Level 2 | Understanding |
| 9 | Identify the S that provide financial support to entrepreneurs | Level 3 | Applying |
| 10 | Explain how central government industrial policies and regulations enable entrepreneurship. | Level 4 | Analysing |
| 11 | (i) .Spell out the importance of IMME firm. (6 marks) (ii).How would you describe the procedural steps in designing an achievement motivation training program with an example. (7 marks) | Level 1 | Remembering |
| 12 | Explain any two modes of entry into International by entrepreneurial firms. | Level 2 | Understanding |
| 13 | Can you identify the different main functions of Small Industries Development Bank of India (SIDBI)? | Level 4 | Analysing |
| 14 | What are the restraining forces that prevent the Entrepreneur to undertake International ? | Level 1 | Remembering |
PART - C
| S.NO | QUESTIONS |
|---|---|
| 1 | Entrepreneurship development program is the process of grooming entrepreneurs – Elucidate |
| 2 | Family owned es are the highest creator of wealth in India - Explain |
| 3 | Examine how government policies and regulations are encouraging the small and medium scale enterprises to develop their es. |
| 4 | Numerous sources of finance are available for the entrepreneur – Explain |
UNIT - III – PLAN PREPARATION
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Sources of Product for - Prefeasibility Study - Criteria for Selection of Product - Ownership - Capital - Budgeting Project Profile Preparation - Matching Entrepreneur with the Project - Feasibility Report Preparation and Evaluation Criteria
PART- A
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | List the sources of product for . | Level 1 | Remembering |
| 2 | Show how creativity and innovation are related to idea generation. | Level 2 | Understanding |
| 3 | How would you use brainstorming technique to generate product idea? | Level 3 | Applying |
| 4 | Briefly examine prefeasibility study conducted by entrepreneurs | Level 4 | Analysing |
| 5 | Briefly discuss the benefits of conducting feasibility study | Level 5 | Evaluating |
| 6 | Explain the precautions to be observed when selecting the product | Level 6 | Creating |
| 7 | What is the nature of plan? | Level 1 | Remembering |
| 8 | How would you summarize Project Appraisal? | Level 2 | Understanding |
| 9 | Making use of theory, briefly explain what is capital budgeting | Level 3 | Applying |
| 10 | What do you infer by ownership? | Level 4 | Analysing |
| 11 | How do you classify the projects? | Level 5 | Evaluating |
| 12 | Briefly explain the purpose of preparing the project profile? | Level 6 | Creating |
| 13 | What are the contents of project feasibility report? | Level 1 | Remembering |
| 14 | Explain about project evaluation. | Level 2 | Understanding |
| 15 | Identify the essence of capital budgeting in preparing project report. | Level 3 | Applying |
| 16 | List the areas that are covered in the feasibility study. | Level 4 | Analysing |
| 17 | What do you mean by economic viability of the project? | Level 1 | Remembering |
| 18 | How do you describe product feasibility? | Level 2 | Understanding |
| 19 | What are the considerations relating to financial feasibility for setting up a small ? | Level 1 | Remembering |
| 20 | How does government policy influence the product selection? | Level 1 | Remembering |
PART-B
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | What are the sources of product ideas for ? | Level 1 | Remembering |
| 2 | (i)Explain the different methods of generating product ideas. (8 marks) (ii)Can you explain what is happening in idea generation process? (5 marks) | Level 2 | Understanding |
| 3 | Identify the steps involved in prefeasibility study. | Level 3 | Applying |
| 4 | (i)Examine the criteria used for selecting the product for idea. (8marks) --- Content provided by FirstRanker.com --- (ii) Analyze the ways of evaluating ideas. (5 marks) | Level 4 | Analysing |
| 5 | (i)Discuss about financial feasibility study.(5 marks) (ii)Elaborate on the cooperative organization form of ownership available to the entrepreneur.(8 marks) | Level 5 | Evaluating |
| 6 | (i)Explain the components of the plan.(8 marks) (ii)Assess the outcome of economic feasibility study.(5 marks) | Level 6 | Creating |
| 7 | How would you explain the role of SWOT analysis in entrepreneurship development process with suitable examples from FMCG Industry? | Level 1 | Remembering |
| 8 | Explain different types of ownership of . | Level 2 | Understanding |
| 9 | Applying theory, explain the various methods of marketing of products of SSI. | Level 3 | Applying |
| 10 | (i)Explain the steps involved in the preparation of project feasibility report.(8 marks) (ii)Examine the results of Technical feasibility study.(5 marks) | Level 4 | Analysing |
| 11 | (i)Drive the suitable practices for many project proposal.(6 marks) (ii)How would you explain the practices with suitable examples. (7 marks) | Level 1 | Remembering |
| 12 | Explain what factors you will take into consideration while adjudging the viability of your proposed project. | Level 2 | Understanding |
| 13 | Discuss feasibility report preparation and evaluation. | Level 4 | Analysing |
| 14 | Why capital budgeting techniques are considered important for Entrepreneurs? | Level 1 | Remembering |
PART - C
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| S.NO | QUESTIONS |
|---|---|
| 1 | Finance Marketing technology and legal framework are important aspects that a project manager must consider to prepare a detailed project report. Explain the project report preparation process assuming that the report is for establishing a domestic Airline company |
| 2 | plan helps to determine the validity of the enterprise - Elucidate |
| 3 | If you start a, which form of ownership would you prefer and why? |
| 4 | How would you educate the entrepreneur to assess the risk and return of his ? |
UNIT – IV – LAUNCHING OF SMALL
Finance and Human Resource Mobilization Operations Planning - Market and Channel Selection - Growth Strategies - Product Launching – Incubation, Venture capital, IT startups
PART- A
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | Define resource Mobilization | Level 1 | Remembering |
| 2 | What do you understand by operations planning? | Level 2 | Understanding |
| 3 | Making use of theory,state the levels at which capacity planning is done | Level 3 | Applying |
| 4 | List the objectives of capacity planning | Level 4 | Analysing |
| 5 | How would you categorize the inventory of an enterprise? | Level 5 | Evaluating |
| 6 | Evaluate the channel members in the indirect distribution channel | Level 6 | Creating |
| 7 | List out the various sources of capital for . | Level 1 | Remembering |
| 8 | Summarize the multi-channel distribution system | Level 2 | Understanding |
| 9 | Applying the theory briefly explain about flexible manufacturing system | Level 3 | Applying |
| 10 | Analyze lease financing method of finance for the entrepreneur | Level 4 | Analysing |
| 11 | What are the objectives of Venture Capital investments? | Level 5 | Evaluating |
| 12 | Briefly explain about bill discounting facility given to the Entrepreneurs | Level 6 | Creating |
| 13 | What is Venture Capital? | Level 1 | Remembering |
| 14 | Define working capital Management. | Level 2 | Understanding |
| 15 | How product launch is organized? | Level 3 | Applying |
| 16 | Growth is an important phenomenon for every examine this statement | Level 4 | Analysing |
| 17 | Define the market penetration strategies followed by the entrepreneur | Level 1 | Remembering |
| 18 | Write short notes on technology incubation parks in academic set ups. | Level 2 | Understanding |
| 19 | What is channel of distribution in marketing perspective? | Level 1 | Remembering |
| 20 | Match the product based layout with process based layout | Level 1 | Remembering |
PART- B
| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | Explain how to mobilize financial resources for an enterprise. | Level 1 | Remembering |
| 2 | Explain about any sources of finance available for the entrepreneur. | Level 2 | Understanding |
| 3 | Explain the commonly used selection procedure in Small Scale Industries. | Level 3 | Applying |
| 4 | (i)Analyze the operational functions of HRM.(7 marks) --- Content provided by FirstRanker.com --- (ii)Examine the features of venture capital.(6marks) | Level 4 | Analysing |
| 5 | (i) Explain market & channel selection in relation to a small (7 marks) (ii)Discuss about Incubation (6 marks) | Level 5 | Evaluating |
| 6 | Explain the factors that affect the growth of the entrepreneurial firm. | Level 6 | Creating |
| 7 | (i)What are the product & company characteristic features influencing the selection of the distribution channel?(7 marks) (ii) Choose and explain the factors relating to consumers and middle men while selecting the marketing channel.(6 marks) | Level 1 | Remembering |
| 8 | (i)Explain the commonly used selection procedure in small scale industries. Explain the procedure with suitable examples.(7 marks) (ii).Explain the factors to be considered in product selection. (6 marks) | Level 2 | Understanding |
| 9 | Choose examples to explain the international growth strategies that enterprises adopt. | Level 3 | Applying |
| 10 | What conclusions can you draw about the different types of external growth strategies? | Level 4 | Analysing |
| 11 | (i)What are the services offered (ii)Explain about the IT Startup process along with the elements involved in the process.(8 Marks) | Level 1 | Remembering |
| 12 | (i)Discuss the process of incubation and incentives given by Government of India for the same.(8 marks) --- Content provided by FirstRanker.com --- (ii)Explain LLP based models of incubation.(5 marks) | Level 2 | Understanding |
| 13 | Examine why the importance of venture capital is on the increase | Level 4 | Analysing |
| 14 | (i)Describe growth strategies for small . (7 marks) (ii) Explain product launching.(6 marks) | Level 1 | Remembering |
PART - C
| S.NO | QUESTIONS |
|---|---|
| 1 | Venture capital support is an essential pre requisite in an entrepreneurial society |
| 2 | Sub-contracting is a better from of promoting small - Explain |
| 3 | Devoppa is a small entrepreneur in Mysore city. He is producing Agarbatis in small scale level for domestic market. He branded the product as Bhagya. He sent samples of products to Dubai through his friend the product was accepted as good in the friends circle. His friend assured good demand for the product at Dubai suggest suitable branding and packaging strategy for the agarbaties in Dubai Market |
| 4 | Suppose an entrepreneur Manufacturing silk sarees wants to advertise - what promotional tools will you suggest |
UNIT – V – MANAGEMENT OF SMALL
Monitoring and Evaluation of - Preventing Sickness and Rehabilitation of Units- Effective Management of small
PART- A
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| S.NO | QUESTIONS | BT LEVEL | COMPETENCE |
|---|---|---|---|
| 1 | Define the term small | Level 1 | Remembering |
| 2 | Briefly explain about cottage industries | Level 2 | Understanding |
| 3 | How would you use the logical framework method to monitor and evaluate small | Level 3 | Applying |
| 4 | What inference can you make about technology obsolescence? | Level 4 | Analysing |
| 5 | Why do you think inadequate access to credit is a major problem facing small ? | Level 5 | Evaluating |
| 6 | Many small have perished because of their inability to sell what they have produced - Explain | Level 6 | Creating |
| 7 | Define Sickness with reference to small. | Level 1 | Remembering |
| 8 | Briefly summarize the symptoms of industrial sickness | Level 2 | Understanding |
| 9 | Identify the consequence of In | Level 3 | Applying |
| 10 | Poor infrastructure is another major problem faced by small industries – Explain | Level 4 | Analysing |
| 11 | Recovery of receivables calls for effective management of small - Discuss | Level 5 | Evaluating |
| 12 | Proper inventory control is essential for effective management of - Justify | Level 6 | Creating |
| 13 | How would you show that small units become sick because of external reasons? | Level 1 | Remembering |
| 14 | Briefly explain the need for revival of sick units | Level 2 | Understanding |
| 15 | Identify the need for a technical appraisal in a viability study | Level 3 |