MKTG 306 22 Shadrack KDK

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
DEPARTMENT OF DISTANCE EDUCATION

MKTG 306: ENTREPRENEURSHIP (3 CREDITS)
SUPPLEMENTARY RESIT EXAMINATION 2021/2022 (LEVEL 300)
INSTRUCTION: Answer section A on the question paper and any other TWO questions from
section B in the booklet provided
TIME ALLOWED: Two Hours (2hrs)
Section A
1. How entrepreneurship is understood and seen by other disciplines is referred to as?

a. Multidisciplinary nature of entrepreneurship
b. Polydisciplinary nature of entrepreneurship
c. Multidimensional nature of entrepreneurship
d. Polydimensional nature of entrepreneurship
2. In the area of ... entrepreneurship is a process where an individual would like to have control
over his own affairs.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
.,
Examiners: Dr George Acheampong and Dr Frank Akasreku 1 of 15 pages

3. In the area of ... the entrepreneur is seen as the fourth factor of production.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
4. In the area of ... the entrepreneur is seen as the third factor of production.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
5. In the area of ... the entrepreneur is the human factor that combines or organizes these three
other factors into any productive asset, wealth and benefit.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these

6. In the area of ... the entrepreneur is the one who organizes resources in order to fulfil some
predetermined organizational goals.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
7. In the area of ... the entrepreneur is seen as the one who identifies and satisfies human or
consumer needs.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
8. In the area of ... the entrepreneur is seen as the one who is involved in any income generating
activity.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these

9. To say that entrepreneurship is an ... subject, seemly means that the understanding of the
subject requires knowledge of other subjects.
a. Interactive
b. Integrative
c. Interesting
d. Inclusive
10. Entrepreneurship borrows a lot of concepts, terms and theories from other subjects. From ...
words such as target market, segmentation, market survey, customer care and service are used.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
11. Entrepreneurship borrows a lot of concepts, terms and theories from other subjects. From ... ,
words such as resources, allocation, scarcity, opportunity, investment, savings, needs, budgeting
and competition are used.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these

12. Entrepreneurship borrows a lot of concepts, terms and theories from other subjects. From ... ,
words such as values, beliefs, customs and culture are used.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
f. None of these
13. Entrepreneurship borrows a lot of concepts, terms and theories from other subjects. From""
words such as environment scanning and analysis, strategic decisions, company strengths,
threats, key success factors are used.
a. Sociology
b. Psychology
c. Management
d. Marketing
e. Economics
14. "There are different manifestations of entrepreneurship - not only confined to business
activities basically, but entrepreneurs are also change agents, they bring about change for the
benefit or betterment of society, thus all entrepreneurs are solvers of societal problem". This
statement refers to the ... of entrepreneurship.
a. Interactive
b. Integrative
c. Dimensions
d. MUltidisciplinary nature
e. Inclusive
Examiners: Dr George Acheampong and Dr Frank Akasreku S of lS pages

15. Choose the odd one.
a. Political entrepreneurs
b. Moral entrepreneurs
c. Social entrepreneurs
d. Psychological entrepreneurs
e. Theological entrepreneurs
16. Educational Choose the odd one.

b. Historical entreprefl.eurs
d. Theological entrepreneurs
e. Educational entrepreneurs

d. Societal entrepreneurs

a. Generational entrepreneurs

e. Young entrepreneurs

e. Old entrepreneurs
21. A process where an individual, for one reason or the other, leaves his present place of work,
to establish/create his own enterprise, very often in the same line of business as his former place
of work, is known as a ... ?
a. Spin-on
b. Spin-across
c. Spin-off
d. Spin-with
e. Spin-to
22. A process where an individual, for one reason or the other, leaves his present place of work,
to establish/create his own enterprise, very often in the same line of business as his former place
of work, is known as a Spin-on.
a. True
b. False
Examiners: Dr George Acheampong and Dr Frank Akasreku 7 15 pages

23. Which of the Schools, does the statement below represent? "a person who organises or
manages a business undertaking, assuming the risk for the sake of profit".
a. The "Great Person" School of Entrepreneurship
b. The Intrapreneurship School
c. The Classical School of Entrepreneurship
d. The Management School of Entrepreneurship
e. The Leadership School of Entrepreneurship
24. Which of the Schools, does the statement below represent? "In addition to risk-taking, the
functions of an entrepreneur include supervision, control, and providing direction to a firm".
b. The Intrapreneurship School
c. The Classical School of Entrepreneurship
25. A ... is a collection or group of people who share common characteristics of opinion or
outlook of a philosophy, discipline, belief, social movement etc.
a. Paradigm
b. School of thought
c. Thinking school
d. School of thinking
e. School of taught
f. Thought school
g. Taught school

26. A School of thought is a collection or group of people who share common characteristics of
opinion or outlook of a philosophy, discipline, belief, social movement etc.
a. True
b. False
27. A Paradigm is a collection or group of people who share common characteristics of opinion
or outlook of a philosophy, discipline, belief, social movement etc.
a. True
b. False
28. A Thinking school is a collection or group of people who share common characteristics of
a. True
b. False
29. A School of taught is a collection or group of people who share common characteristics of
opinion or outlook of a philosophy, discipline,. belief, social movement etc.
a. True
b. False
30. A Thought school is a collection or group of people who share common characteristics of
a. True
b. False

31. A ... describes distinct concepts or thought patterns, models of problems and solution for a
time being.
a. Paradigm
b. School of thought
c. Thinking school .
d. School of thinking
e. School of taught
32. A Paradigm describes distinct concepts or thought patterns, models of problems and solution
for a time being.
a. True
b. False
33. A School of thought describes distinct concepts or thought patterns, models of problems and
solution for a time being.
a. True
b. False
34. A Thinking school describes distinct concepts or thought patterns, models of problems and
a. True
b. False
35. A School of thinking describes distinct concepts or thought patterns, models of problems and
a. True
b. False
Examiners: Dr George Acheampong and Dr Frank Akasreku 10 of lS pages

36. A School of taught describes distinct concepts or thought patterns, models of problems and
a. True
b. False
37. Which of the Schools, does the statement below represent? "The picture presented is usually
one of power, success, and wealth, the image of our business elite".
b. The Psychological Characteristics School of Entrepreneurship
c. The Sociological School of Entrepreneurship
38. Which of the Schools, does the statement below represent? "It is widely thought that one's
needs, drives, attitudes, beliefs, and values are primary determinants of behavior (i.e., what one
does)".
39. Which of the Schools, does the statement below represent? "One's behaviour results from
attempts to satisfy these needs be they for power, recognition, achievement, or acceptance and
love".
-'--'~---------'

40. Which of the Schools, does the statement below represent? "People behave accordance with
their values far more often than not, despite variations in situations".
41. Which of the Schools, does the statement below represent? "It focuses on personality factors,
believes that entrepreneurs have unique values and attitudes toward work and life".
42. Which of the Schools, does the statement below represent? "The individuals' beliefs, and
values propel him to behave in certain ways".
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.. _ .
Examiners: Dr George Acheampong and Dr Frank Akasreku

.. __._----------------_ __
12 of 15 pages
.. ._. ----
43. Which of the Schools, does the statement below represent? "Entrepreneurs cannot be
developed or trained in classroom situations".
44. Which of the Schools, does the statement below represent? "In the early sixteenth century,
entrepreneurs were thought of as Frenchmen who undertook to lead military expeditions".
d. The Classical School of Entrepreneurship
45. Which of the Schools, does the statement below represent? "As an entrepreneur explains it,
"You have to be a creative dreamer, be able to visualize where you will be in x years from now.
""
--_. ... ..----_. __._---._. _--,---------_._----- _.. . . '-' _._-----_.__. _ - - - - - - - - - -

~----'~-~'-'-'----¥--.-.---.-~ -~.--.-.~---~.-~-- ~

46. Which of the Schools, does the statement below represent? "A slJccessful entrepreneur must
also be a "people manager".
47. Which of the Schools, does the statement below represent? "A successful entrepreneur is an
effective mentor who plays a major role in motivating and directing people".
d. .The Classical School of Entrepreneurship
48. Which of the Schools, does the statement below represent? "This school evolved in response
to the lack of innovativeness and competitiveness within organisations".
c. The Intrapreneurship School
e. The Leadership School of Entrepreneurship.

49. Which of the Schools, does the statement below represent? "To the limited extent that they
possess discretionary freedom of action, are able to act as entrepreneurs and implement their
ideas without themselves becoming owners".
50. Which of the Schools, does the statement below represent? "Generally, assumes that
innovation can be achieved in existing organisations by encouraging people to work as
entrepreneurs in semi-autonomous units".

Section B
QL Outline and discuss any five Sources of Capital for an enterprise (25 Marks)
Q2. Exporting is a favoured method of going international by Entrepreneurs. Explain five entry
modes available to potential exporters (25 Marks)
Q3. As an entrepreneurship student, discuss any five ways to solve unemployment problem in
Ghana (25 Marks)

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BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION

DEPARTMENT OF DISTANCE EDUCATION

TIME ALLOWED: Two Hours (2hrs)

1. How entrepreneurship is understood and seen by other disciplines is referred to as?

Examiners: Dr George Acheampong and Dr Frank Akasreku 1 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 2 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 3 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 4 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku S of lS pages

16. Educational Choose the odd one.

17. Choose the odd one.

18. Choose the odd one.

Examiners: Dr George Acheampong and Dr Frank Akasreku 6 of 15 pages

20. Choose the odd one.

Examiners: Dr George Acheampong and Dr Frank Akasreku 7 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 8 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 9 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 10 of lS pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 11 of 15 pages

_._-_ _-----_._--_.. .._--_._.._----_._.__ __...._----------_.__._---------_

Examiners: Dr George Acheampong and Dr Frank Akasreku

--_. ... ..----_. __._---._. _--,---------_._----- _.. . . '-' _._-----_.__. _ - - - - - - - - - -

Examiners: Dr George Acheampong and Dr Frank Akasreku 13 of 15 pages

Examiners: Dr George Acheampong and Dr Frank Akasreku 14 of 15 pages

a. The "Great Person" School of Entrepreneurship

Examiners: Dr George Acheampong and Dr Frank Akasreku 15 of 15 pages

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