MID TERM TEST

FACULTY OF BUSINESS & MANAGEMENT

Course :
MPU 3233
Entrepreneurship

Date : 4TH July 2022

Time : 8.00AM-11.00AM

Duration : 3 hours

Module Lecturer : NUR ZAFIRAH BINTI ABDUL RAHIM

Total marks : 40 marks (20%)

Instructions to candidates:

1. Write your name and student number on the Examination Paper.

2. Answer questions according to the instruction for each section

3. Do not detach any portion of the examination paper

4. Begin writing, as indicated, after the reading time has ended

5. All questions to be answered in the answer booklet.

Materials allowed for this examination:

1. NIL.

DO NOT REMOVE ANY PART OF THIS EXAMINATION PAPER FROM THE

EXAMINATION ROOM

Student ID : ___202206040012______________________________________

NIRC/Passport No : ___ 920816-13-5349 ____________________________________

Program : ___ENTREPRENEURSHIP (MPU3233)___ ________________

Lecturer : ___NUR ZAFIRAH BINTI ABDUL HALIM__________________

Date :04/07/2022 Course : MPU3233 ENTREPRENEURSHIP

SECTION A – SHORT ANSWER QUESTIONS [Total = 40 marks]

Answer ALL questions.

QUESTION 1

Business ethics is a branch of ethics that examines ethical rules and principles within a
commercial context and the various moral or ethical problems that can arise in a business
setting as well as any special duties or obligations that apply to persons engaged in
commerce. List FIVE (5) importance of business ethics.

(5 marks)

QUESTION 2

Business ideas and opportunities are business concepts that, if turned into a tangible product
or service offered by a business enterprise, will result in financial profit. List FIVE (5)
guidelines in choosing a business ideas and opportunity.

(5 marks)

QUESTION 3

Describe the following terms:

a. Entrepreneurship
b. Small and Medium Enterprise
c. Business Opportunities
d. Management

(8 marks)

QUESTION 4

Designing an organization involves choosing an organizational structure that will enable the
company to achieve its goals most effectively. Discuss FIVE (5) types of organizational
structure.

(10 marks)

QUESTION 5

Entrepreneur is an individual who ‘undertakes’ the risks of a new enterprise. Explain FOUR
(4) types of entrepreneur.

(12 marks)

-END OF QUESTIONS-

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STUDENT NAME : MOHAMMAD AFIQ BIN HARIRI

STUDENT ID : 202206040012

QUESTION 1
ANSWERS
There are 5 types of the importance of business ethics.
A. it is important for public perception, which is the attention is to the social behaviour
and customer loyalty that is important because losing customer is costing , bad
reputation can hurt business to gain new customer.
B. Employee perception, to attract and keep talented individuals, companies maintain an
atmosphere of fairness and openness, they appreciate working in a positive
environment where there is no favouritism.
C. It can improve company profitability where a well implemented ethics can also reduce
losses.
D. Business ethics involve a guiding standard for values, behaviours, and decision-
making.
E. Running a business with ethics at its core from the top down is essential for
company-wide integrity.

QUESTION 2
ANSWERS
There are 5 guidelines:
A. Have a complete knowledge of the product or service to be offered before searching
for business ideas.
B. Do market evaluation and research of the product or service to be offered before
choosing business opportunity, plus find if it is the right time to release the product or
service to the market and its potential relation to competitor.
C. Ensuring the training, experience, management skillset and ability to manage a
company or team required is sufficient enough to run the business properly.
D. Do research on financial strength and making sure credit is strong. Moreover, its
important considering the business includes building, equipment, leasehold and
inventory.
E. Evaluate the policies and plans of the company with the association and business
groups in which if the parent company or a seller is involved in the future business.

QUESTION 3
Describe the following terms
ANSWERS
A. Entrepreneurship is an individual that creates new business, to develop, organize
and run a business enterprise, along with any of its uncertainties in order to make a
profit. They were sees as an innovator, a source of new ideas, goods, services, and
business. This process of setting up a business is known as entrepreneurship.

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B. Small and Medium Enterprise are businesses that maintain revenues, assets or a

number of employees below a certain threshold, which represent almost 98% of all
registered business in Malaysia. Certain size criteria must be met such as annual
turnover or number of employees, and occasionally the industry in which country the
company operates in is taken into account as well.

C. Business Opportunities is the chance to take advantage of an occurrence in the

market to begin a business and for gaining profit. It is what makes some businesses
succeed while others fail. Moreover, it is also the most important aspect of new
entrepreneur to have, which ability to find a new business opportunities. It is also
involves sales and lease of any product, services and equipment that will enable
purchaser-licensee to begin a business, and there is no continued relationship
required by the seller.

D. Management is defined as all the activities and tasks undertaken for archiving goals
by continuous activities such as planning, organizing, leading and controlling. It is the
coordination of task by a team to achieve goals and standard effectively by using
available resources they have. They can be define as an art of getting things done
through others and formally organized group.

QUESTION 4
ANSWERS

Organizational structure is the

framework of reporting
relationships in an
organization.
These relationships can
usually be diagramed in the

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form of an organization
chart.
Organizational structure is the
framework of reporting
relationships in an
organization.
These relationships can
usually be diagramed in the
form of an organization
chart.
Organizational structure is the
framework of reporting
relationships in an
organization.
These relationships can
usually be diagramed in the
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form of an organization
chart.
Organizational structure is the
framework of reporting
relationships in an
organization.
These relationships can
usually be diagramed in the
form of an organization
chart.
Organizational structure is the
framework of reporting
relationships in an
organization.
These relationships can
usually be diagramed in the
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form of an organization
chart.
Organizational structure is the
framework of reporting
relationships in an
organization.
These relationships can
usually be diagramed in the
form of an organization
chart.
There are 5 types of organizational structure.

A. Network Structure
The network organizational structure is most commonly associated with companies
that either partner with other businesses or that outsources large segments of
business operations to contractors and freelancers. It describes the relationship
between various locations and those outside or third-party entities.This type of
approach works best when your company relies on outsourcing or joint venture
partners. The structure more accurately reflects actual workflows and processes,
both on- and offsite.

B. Geographic Structure
With geographically based structures, companies create divisions based on the
specific regions or countries they serve. For instance, a company may find it more
economical to be located near a specific material source. This means that a
geographic structure makes more practical and financial sense.

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C. Geographic Structure
With geographically based structures, companies create divisions based on the
specific regions or countries they serve. For instance, a company may find it more
economical to be located near a specific material source. This means that a
geographic structure makes more practical and financial sense.

D. Functional Structure
A company with a functional organizational structure is divided into various
departments or teams. They often built around specific corporate functions, such as
sales, marketing, information technology, finance, and human resources. A
functional organizational structure can increase efficiency and productivity. This is
because all of your corporate resources such as people, knowledge, skills, and
budget are organized around a specific function.

E. Matrix Structure
The matrix structure organizes reporting relationships between employees and
supervisors in a grid-like model. This differs from the direct lines of the more
traditional hierarchical structure. In visual representations of this kind of structure,
these different reporting relationships are represented by solid lines for primary
supervisors and dotted lines for project-based, temporary supervisory roles. The
result of this arrangement is that employees may report to more than one
supervisor.
F. Divisional Structure
The divisional structure groups teams or departments into broader divisions. This is
often done on either a geographic or product-line basis. In the product-based
structure, leaders create company divisions for specific product or service lines,
each with its own manager. Separate marketing, sales, design, and customer
service teams would serve each of the three lines. In many cases, this is better for
product development.

QUESTION 5
ANSWERS
Explain FOUR (4) types of entrepreneur.

A. Social entrepreneur: A social entrepreneur is interested in starting a business for

the greater social good and not just the pursuit of profits. As a person who pursues
novel applications that have the potential to solve community-based problems. These
individuals are willing to take on the risk and effort to create positive changes in
society through their initiatives. Social entrepreneurs may believe that this practice is
a way to connect life's purpose, help others find theirs, and make a difference in the
world. They seek to produce environmentally-friendly products, serve an underserved
community, or focus on philanthropic activities.

B. Intrapreneurs: The term intrapreneurship refers to a system that allows an employee
to act like an entrepreneur within a company or other organization. Intrapreneurs are
self-motivated, proactive, and action-oriented people who take the initiative to pursue

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an innovative product or service. An intrapreneur knows failure does not have a

personal cost as it does for an entrepreneur since the organization absorbs losses
that arise from failure. It creates an entrepreneurial environment by allowing
employees to use their entrepreneurial skills for the benefit of both the company and
the employee. It gives employees the freedom to experiment, as well as the potential
for growth within an organization.

C. Technopreneur: The process of technology entrepreneurship is the process that

covers the time from idea to product or service. It includes the ideation and decision-
making processes as well as the design, development, testing and approval
processes. The process can be divided into two main categories: formal and
informal. The Technopreneurship is an opportunity for technical professionals to work
with the online platform and have access to its resources.

D. Copreneurs: Copreneurship are entrepreneurial couples who are in business

together and are committed to helping one another succeed in business and life; to
live their increasingly satisfying fulfilled lives and enjoys the journey together. This is
considered to be a new term for an old style of entrepreneurship. Copreneurship is
one of the fastest growing, segments of a family business. It specified joint
ownership, demonstrated commitment and responsibility to the business, as well as
the blending of work and family worlds as the prerequisites for copreneurship.

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