fVilai UNIVERSITY FINAL EXAMINATION JUNE 2022 BIT Module: 03008 - Time :8.00AM -11.00AM — (ENTREPRENEURSHIP) (3 hours) Lecturer": Siti Fatimah Agus Date: 22" JUNE 2022 INSTRUCTIONS TO CANDIDATES: 1. This examination hasa total of 100marks and accounts for 60% of thefinalassessment ofthe subject. 2. This question paper has 3sections, A, Band C 3. Answer all sections in the answer booklet. v 4, Students are NOT ALLOWED to discuss with anyone else. The questions must be answered individually. Section Marks Section A 730 Section B 1s0 Section C = 220 TOTAL 100 This exam paper consists of SIX (6) printed pages (excluding the cover page)Section A. Multiple choice. Choose the best answer. (50Marks) ESOS bor =e ener w oar A gorp> » sey oneg A(n)...is a thought, impression, or notion. Ain)....{s a favourable set of circumstances that creates the need for a new product, service, or business. idea, opportunity scheme, notion opportunity, idea idea, design Which of the following is NOT one of the four steps in entrepreneurial process? Deciding to become an entrepreneur. Determining how to seize the spotlight. Developing successful business ideas. Moving from an idea to an entrepreneurial firm. Aisa firm's plan o recipe for how it creates, delivers, and captures value for its stakeholders, commercialization plan tactical plan’ launch plan business model The three primary reasons that people become entrepreneurs and start their own firms are to: Pursue their own ideas, realize financial rewards, and eliminate risk in their lives. Do what they love to do, realize financial rewards, and capture more ideas. Be their own boss, pursue their own ideas, and realize financial rewards, Capture more ideas, do what they love to do, and realize financial rewards, firms provide their owner or owners the opportunity to pursue a particular lifestyle and earn living while doing so. Entrepreneurial Salary-substitute Statutory Lifestyle Entrepreneurship is defined as process by which individuals pursue opportunities without regards to the resources they current control an inventor that creates something new the position ofa firm on this continuum the set of task called by this behaviour The three types of start-up firms are: Entrepreneurial firms, achievement firms, and visionary firms. Visionary firms, entrepreneurial firms, and lifestyle firms. Entrepreneurial firms, salary-substitute firms, and visionary firms, Salary substitute firms, lifestyle firms and entrepreneurial firms.3. Read the following description on vendor evaluation process. Draw a Business Process Management No! Vendor Evaluation needs to be maintained for a particular group of vendors by the Purchasing department using SAP Material Management (MM) System, On receiving a vendor evaluation request, vendors have to be evaluated in SAP by a management Employee team. The purchasing organization and vendors have to be specified at the same time. Then, the performance of the vendors on basis of the main criteria scores available in the system have to be compared. In case the main criteria entered in the system are not enough for the evaluation process, further main criteria can be maintained in the system. After deciding on entering further main criteria or not, one can assign different weights to the individual criteria in the system. In the next step, sub criteria out of the main criteria can be further defined. After this point, the scores calculation method for sub criteria has to be decided on. There are three methods for calculating sub criteria scores, which are evaluating vendors manually, semi-automatically or fully-automatically. When vendors are evaluated manually, scores for a sub criterion per vendor have to be entered in the system. On evaluating vendors based on the semi-automatically method, the scores have to be defined at info record level. In the fully automatically method, the system computes scores on basis of the existing database. After deciding on the evaluating method and entering the required steps afterwards, the evaluation has to be saved and as a result the vendors’ overall scores are calculated. Based on these calculated scores, performance of the vendors has to be measured. One can also display vendor rank list for comparing performance and finally the evaluation process for vendors is successfully maintained. yn (BPMN) Diagram (25 MARKS) with pool and swim lanes for the process described above adding details where you consider it necessary. identify the different categories of BPMN elements in your diagram. Iniversity/Academic /Set 1 Page 20f 34. Assume that the company you are working as a Chief Technology Officer decided to acquire an enterprise system. You have been assigned to identify net sourcing software providers. One rule of thumb is to select a high-end alternative (e.g. most expensive, most features), a mid-range alternative, and an inexpensive alternative. a. _ Identify THREE (3) enterprise systems service provider. (3 MARKS) b. Describe any FIVE (5) evaluation criteria that you will apply to. (10 MARKS) evaluate and select net sourcing vendor listed in question 4(a). © _Inyour opinion, do you think the company will benefit to re (6 MARKS) the business processes before reviewing and evaluating the software vendors? Justify your answer with THREE (3) valid reasons. d. Many organizations purchase the Human Resource module from (6 MARKS) one ERP vendor (e.g, Peoplesoft) and the Financial Accounting ‘modules from another ERP vendor (e.g, SAP). Discuss TWO (2) advantages and TWO (2) disadvantages of this approach, -END OF QUESTION PAPER- Nilai University/Academic /Set 1 Page 3 of 322, poeP The first step in selecting a target market is to study the industry in which the firm intends to compete and determine the different potential target markets in the industry. This process is called market positioning market splitting market targeting market segmenting The addresses the roles of the community, region, nation, and world ina business. environmental analy; business analysis industry analysis, proof of market To make the best impression, a business plan should follow a conventional structure for companies with standard business models and a nonconventicnal structure for firms with disruptive models conventional structure for manufacturing firms and a nonconventionel aya forservicefirms conventional structure nonconventional structure The two primary audiences for a business plan are investors and other external stakeholders and officials with the SEC afirm’s employ afirm’s competiters a firm’s customers The document that does the best job of introducing potential investors and other stakeholders with the business opportunity the firm is pursuing and how it plans to pursue it is the . business. CL feasibility anatysis opportunity analysis industry analysis The two primary audiences fora business plan are and a firm's employees; officials with the SEC a firm's customers; its competitors investors; other external stakeholders and public relations firms a firm's employees and investors; othex external stakeholders }