Entrepreneurship Development

St. Joseph’s College of Commerce VI Sem Entrepreneurship Development Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2015

B.B.M. – VI SEMESTER

                                     M111603: ENTREPRENEURSHIP DEVELOPMENT

Duration: 3 Hours                                                                                             Max. Marks: 100

 

SECTION – A

 

  1. Answer ALL the following questions.  Each carries 2 marks.               (10 x 2 = 20)

 

  1. What is a Business Plan?
  2. How is a limited liability partnership different from a Private limited company?
  3. Mention the sources of finance for startup Entrepreneurs.
  4. Differentiate between ‘Manager’ and ‘Entrepreneur’.
  5. What is the difference between a ‘brand’ and ’trade mark’?
  6. Explain ‘letter of credit’.
  7. What is ‘venture capital’?
  8. Explain the term ‘Franchising’.
  9. What are the important functions of entrepreneurs at the start up stage?
  10. Explain ‘Intrapreneurship’.

 

 

 

SECTION – B

  1. Answer any FOUR questions. Each carries 5 marks.                                         (4 x 5 = 20)

 

  1. Discuss the tax benefits given to Entrepreneurs in India.
  2. Write a note about the importance of Intellectual property to Entrepreneurs.
  3. Identify and explain the problems of Women Entrepreneurs.
  4. State the importance of location for startup manufacturing Businesses.
  5. Discuss the reasons for high failure rates of start up Businesses.
  6. Differentiate ‘Debt’ with ‘Equity’.

 

 

SECTION – C

  • Answer any THREE questions. Each carries 15 marks.                         (3 x 15=45)

 

  1. What are the problems faced by Entrepreneurs in India? Suggest remedies to solve the problems of ‘Entrepreneurs’.
  2. Describe the 5 stages of Growth for small businesses.
  3. Explain what would be the contents of a Business Plan to start an Educational Institution.
  4. ‘Entrepreneurs are born not made’ – Discuss.
  5. Elaborate about the legal issues in starting new Businesses in India.

 

SECTION – D

  1. Case Study                                                                                                     (15 marks)

22.

At the age of 20, when most youngsters are still pursuing their studies and are undecided about their future, Ludhiana-based Trishneet Arora is an internationally recognised ethical hacker who assists industry in IT security, the police in cracking down on cyber crime, and companies in training employees.

Arora, a first-generation entrepreneur, set up his own company – TAC Security Solutions – in 2012.

It offers training, consulting and IT security solutions, and his clients include MNCs as well as domestic organisations such as Reliance Industries, ICICI Bank, Ralson (India) Ltd, the police forces of Punjab and Gujarat, and the Central Bureau of Investigation.

He is listed by Microsoft Social Forum at third position (after Ankit Fadia and Sunny Vaghela) among India’s Top 10 Ethical Hackers.

A back-bencher in school, he failed in the class VIII examination and completed his class X and XII through open learning. Arora is also an author, speaker, cyber crime consultant and investigator.

“My father is a senior accounts officer in a private firm and my mother is a housewife. With no formal education in business, setting up my own business was a very challenging task. But the passion to do something unique and the growing number of cases of IT security motivated me to set up my own business in 2012,” he explained.

Arora said, “It was difficult to get the company registered with the Registrar of Companies as I had no idea about all the legal formalities. But I finally incorporated my own company. I feel passion is the most powerful weapon in any work, and since I had the passion to do something unique, I established myself as a prominent player in the field of IT security.”

He added: “After incorporating our own company, in a week’s time we managed to get a client who asked us to do his web security. We charged him fees that were lower than the actual cost, as we believe in client satisfaction. Gradually we moved on and managed to get good clients.”

Arora says that while the big companies invest money in ensuring IT security, SMEs do not, due to the lack of awareness: “They fail to understand that they are secure only as long as there is no cyber attack. Their data and network are vulnerable.”

His company, he adds, provides them with IT security through customized solutions.

Citing an example, he added, “A Punjab-based exporter came to us and said that his buyer had sent payment for an order thrice, but he didn’t receive a single penny. While working on the case, we found that somebody had hacked the exporter’s network, and the hacker had total control of communication between the two parties.”

Breaching security, the hacker forwarded his own account for payment, and the exporter failed to get his payment. “There are numerous examples where SMEs come to us. Recently we solved a case where an industrialist had become a victim of credit card cloning,” said Arora.

Arora is also planning to open a training centre on ethical hacking in Dubai or the UK.  Besides being a successful entrepreneur, he is the world’s second youngest writer of books on ethical hacking.  He has written two books – The Hacking Era and Hacking Talk. The latter was recently released.

Questions:

 

  1. Identify the Entrepreneurial qualities of the Protagonist in the case study.
  2. Examine the important aspects of the Business Model of TAC Security Solutions.
  3. Explain what initiatives need to be taken to scale up TAC Security Solutions into a leading global company.

 

 

 

St. Joseph’s College of Commerce VI Sem Entrepreneurship Development Question Paper PDF Download

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st. joseph’s college of commerce (autonomous)

end semester examination – march/april 2015
b com (t.t)   – vi semester
C2 12 604: ENTREPRENEURSHIP DEVELOPMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What is the meaning of Entrepreneurship?
  2. What is Venture Capital?
  3. What do you understand by the term “Franchising”?
  4. What is  a ‘Letter of Credit’?
  5. Who is a Social Entrepreneur?
  6. Mention 2 differences between Partnership business and Joint Venture.
  7. What is the importance of SIDO?
  8. Give 2 benefits of entering into International Business.
  9. State what is meant by a Business Model.
  10. Mention 2 differences between Utility Patents  and Design Patents.
 

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                     (4×5=20)
  11. Write a short note on Knowledge Entrepreneur.
  12. Briefly explain the financial aspects of a business plan.
  13. Explain the Non-Financial support extended by to SSI.
  14. Explain the role of Angel Investors in Entrepreneurship.
  15. Write short notes on :

  1. Bill of Lading
  2. Airway Bill
  16. What are the advantages and disadvantages of :

  1. Debt Financing
  2. Equity Financing
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain the various types of entrepreneurs.
  18. Describe various reasons for women to start a business.
  19. Explain the benefits of preparing a business plan.
  20. Briefly explain the procedure for entering International Markets.
  21. What are the pitfalls in a Family Business? Explain.
 

 

 

SECTION – D
IV) Case Study                                                                                                              (1×15=15)                                                                                          
  22. Read the following case study given below and answer the  questions that follow:

Shahnaz Husain belongs to a royal Muslim family which migrated from Samarkhand to India and later held high positions in the princely kingdoms of Bhopal and Hyderabad before India’s independence. Shahnaz received her schooling in an Irish convent and because of the influence of her father, Chief Justice N.U. Beg, she developed a love for poetry and English Literature.

She thus had the advantage of growing up in a traditional family and receiving a modern education. She was married at the age of 15 and was a mother by the next year. When her husband was posted in Teheran, Iran, she developed an interest in beauty treatments and decided to study cosmetology.

 

To support the expenses of the training financially, she wrote articles for the Iran Tribune on various topics under different names. In the course of her studies, she learnt of the harmful effects of chemicals on the human body.

Consequently, she turned her attention to Ayurveda (Refer Exhibit III), which she believed was the ideal alternative to chemical cosmetics, which not only harmed the human system but also led to the deterioration of the environment in the long run.

 

After leaving Teheran, she trained extensively in cosmetic therapy for 10 years in some of the leading institutes of London, Paris, New York and Copenhagen. On her return to India in 1977 she set up her own salon at her house in Delhi with an initial investment of Rs 35000. In contrast to salons offering chemical treatments, Shahnaz offered Ayurvedic products.
 

Shahnaz Husain uses the Ayurvedic method of treatment, which uses natural formulations to cure ailments. She is the pioneer and leader of Ayurvedic beauty products in the world offering “Natural Care and Cure”. The Shahnaz Husain Group offers exclusive salon treatments geared to individual needs as well as a number of commercial formulations for the treatment of specific problems like acne, pimples, pigmentation, dehydration, alopecia (hair loss), etc.

The turning point in her business came when she represented India at the Festival of India in 1980. Her team was given a counter in the perfumery section of Selfridges in London. She managed to sell her entire consignment in 3 days and also broke the store’s record for cosmetics sales for the year

The Group has diversified into Ayurvedic centers for Panchkarma, Dhara and Kerala massage. It has also set up two Shahnaz Husain Ayurvedic Health Resorts, one near Delhi and another in collaboration with the Hyakumata group of Japan in the US island of Saipan. These resorts which can accommodate about 200 people at a time, aim at providing urbanites treatments and programs designed to counteract the stress of modern life. The Group has also been holding discussions with major five star hotels in New Delhi and New York to set up health spas.

Seeing the need for internationally recognized institutes that offered professional training in beauty, Shahnaz Husain set up Woman’s World International. This was started at a time when people who wanted to train in beauty treatments and therapy could only get apprenticeship training

Shahnaz Husain has acquired worldwide recognition. Her dedication and relentless hard work have paid off and she heads a Group which is the largest of its kind in the world. “It is important to have a dream and to believe in the magic of your dreams” says Shahnaz, who has been able to convert her own dream into a business worth millions of dollars. Shahnaz believes that a true entrepreneur is a person who has independence of spirit. “One should be innovative, dynamic and willing to try every avenue towards success”.

 

Questions:

 

  1. Analyse the qualities of a successful women entrepreneurs that Shahnaz embodies.

 

  1. Examine the diversification and expansion strategies adopted by Shahnaz.

 

 

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St. Joseph’s College of Commerce Entrepreneurship Development Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESER EXAMINATION – MARCH/APRIL 2016
                                                      B.COM (T.T.)-VI SEMESTER
C212 604: ENTREPRENEURSHIP DEVELOPMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Who is an Entrepreneur?
  2. What are the elements of a Business Plan?
  3. Differentiate between a Partnership firm and a Joint Venture firm of Organisation.
  4. What is the meaning of Copyrights?
  5. Who is a Social Entrepreneur?
  6. State any two factors which affect the Financial aspects of a Business Plan.
  7. Who is an Intrapreneur?
  8. What is the meaning of Permanent Registration?
  9. What is the meaning of Intellectual Property?
  10. What are the objectives of Angel Investors?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Briefly explain the main functions of an Entrepreneur ?
  12. Write short notes on the importance of Licensing.
  13. What are the challenges faced by an entrepreneur while starting a New Venture?
  14. Explain the meaning of Trademarks and the process of creating and dealing with Trademarks in an Entreprise.
  15. Briefly explain the Social aspects of a Business Plan.
  16. Explain the different types of Patents.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. Explain the various qualities to be possessed by a successful entrepreneur.
  18. How can an Entrepreneur seeking funds launch a business, convince potential lenders and investors that a market for the product or service really exist?
  19. Explain the reasons for the failure of an Enterprise.
  20. Briefly explain the problems faced by Family Owned Business.
  21. Explain the factors which motivate women to start their own business.
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. Great ideas for destination development don’t   always require huge investment. Some of the most innovative approaches grow out of adversity and the need to count the pennies.

Loddon Shire Council, about an hour from Bendigo in Victoria’s north-west, is not a mainstream tour- ism area, but the stories, the characters and the enterprise in some of the towns is the stuff that many city people love to hear.

The small towns of Wedderburn, Inglewood Tarna- gulla and Bridgewater have a gold heritage, while Pyramid Hill and Boort have grown-up on the  prosperity that irrigation brought to rural Australia. There’s also a significant indigenous heritage.

Former tourism operator, Robyn Vella, began    Loddon Valley Tours several years ago as a way to attract greater visitation to her family’s Eucalyptus distillery in Wedderburn. She soon found that her groups were as much interested in the lifestyle of the local area as they were in gold and heritage. For urban-based people it was often their first real contact with small rural communities and they were fascinated to learn how the locals lived, worked and coped with trauma such as prolonged drought.

The simple tourism based tours grew into over- night visits, which included extended drives through the farming district. Guests arrange their own charter bus and stay at the town’s only motel.

With almost no marketing budget to spread the word, Robyn uses her best assets to promote the tours – her personality and unbounded enthusiasm.  She regularly visits Melbourne’s Probus clubs to provide their members with a free talk on ‘surviving life in a country town’.

 

Her positive attitude and ability to connect with people generates an increasing number of bookings for the two and three night group tour packages.

Loddon Valley Tours became important to the Shire’s image and was a new economic injector, so much so that the council agreed to take over the concept and bring Robyn onto their staff to manage the program. The tours are revenue-positive for the Council and they enable the area to present itself to the outside world as a dynamic community that has managed to survive the economic rational- ism of the 90s and the drought of this decade.

The tour programs have flexible components to suit the budget, time frame and interests of each group. Step-on guides accompany the bus each day to highlight the particular towns and features. These can range from the vast expanse of Abo- riginal canoe trees in Boort’s Big Lake to the largest olive groves in the Southern Hemisphere along the Charlton Road. Each guide is a likeable and knowledgeable local person who takes great pride in showcasing their area to the city visitors.

Questions:

  1. From the above case study, describe whether innovation or proper funding is of greater importance in the tourism industry.
  2. Explain the effect of being aware of your target demography in tourism.
  3. Other than promotion what other skills are required for long term success in the tourism industry.

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St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Entrepreneurship Development Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. –VI SEMESTER
M1 11 603:: ENTREPRENEURSHIP DEVELOPMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Briefly explain the term ‘Serial Entrepreneur’
  2. Who are ‘Angel Investors’?  Explain how they help ‘Start up Entrepreneurs’?
  3. What is the difference between ‘Trade marks’ and ‘Copyrights’?
  4. Give the meaning of ‘Letter of Credit’?
  5. Mention four objectives  of preparing a Business Plan?
  6. Differentiate ‘Franchising’ from ‘Leasing’?
  7. What do you understand by ‘Institutional Support’ for Entrepreneurs?
  8. How would you differentiate ‘Entrepreneurship’ from ‘Intrapreneurship’ ?
  9. What is a Limited Liability Partnership (LLP) ?
  10. List out the four names of leading Venture Capitalists  firms in India ?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Explain how ‘ Business format Franchising’ is useful to start up Entrepreneurs?
  12. What is ‘ Entrepreneurial Financing ‘? What are the sources of Finance for Start up Businesses?
  13. Explain the Institutional support extended to Women entrepreneurs in India?
  14. What are the non-finanical support  for SSI entrepreneur?
  15. Explain the formalities for registration of Trade Marks in India?
  16. State the importance of Intellectual Property rights for startup Entrepreneurs?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain the important components of a Business Plan ?
  18. What are the advantages and disadvantages of ‘Family Owned Businesses’ ?
  19. Elaborate about the procedure and formalities for Starting up a Venture in India?
  20. What are the initiatives an Entrepreneur must take to enter International Markets?
  21. What should be the qualities of an entrepreneur to be successful in Indian context.
SECTION – D
IV) Case Study –                                                                                                      (1×15=15)                                                                                          
  22. The story of Harish Agarwal, founder of “Applerepairs” is interesting and inspiring. A school dropout, this man, with no formal education in computers runs Apple computer products repair shop. He has studied only till eighth standard but that didn’t hamper him from climbing the ladder of success.
From working in a electrical shop to starting a company of his own, he had to undergo lot of hardships. He had to discontinue his studies as his father lost his job and work as a small time worker in an electrical shop to support his family in Indore. He  then joined a computer sales and service company and worked there for 5 years. His found his love for computer hardware  then, which made him to buy a run-down computer of his own and took it apart. That he says, was his first lesson in repairing.
He then got a job in a mobile repairing shop in Bangalore and there he learned to repair mobile phones and laptops. He, once came across an Apple laptop and his passion for Apple grew so deep that he spent his whole time and energy in studying their devices and found innovative ways of repairing them. Consequently, he set up an Apple repair centre in Koramangala in 2012 with Rs 2 lakh. He now has a staff strength of 18 trained graduates. His tech trick goes like this. Since Apple does not provide spare parts, his policy is to buy new Apple products, dismantle them and use the parts to repair customer’s devices.  For example, A MacBook whose showroom price is Rs 90,000 is available to him at the wholesaler’s price of Rs 65,000. Each part in this device such as the Logic Board is replaced at a cost of Rs 56,000 for the customer, LCD panel for Rs 30,000, keyboard panel for Rs 18,000, hard disc for Rs 12,500 and charger for Rs 6,500. If you add all these charges, it works to about Rs 1,10,000. So he gets a net profit of Rs 45,000 per product.

In the last three years, Agarwal has built up a client base of 2000 customers. His firm has a turn-over of Rs 3 crore. He expects an investment of Rs 5 crore to expand his business to 50 pan-India centres.

 

Answer the following questions:

 

a.      Explain the strong areas in the Business Model of Harish Agarwal ?

b.      What should be the steps to be taken by Harish Agarwal to scale up his Business?

c.       What are the Entrepreneurial Qualities of the protagonist in the case study which have made him successful ?

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