Exam (elaborations)
Principles of Management IIB - Entrepreneurship Practice Exam
- Institution
- University Of The Witwatersrand (wits)
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Principles of Management IIB by ProfessorBurgerQueenManagement IIB (Entrepreneurship) Practice Exam
Section A (20 marks):
Part 1: Multiple Choice (10 marks, 2 marks each)
1. Strategic Entrepreneurship: Which statement best describes the concept of
"disruptive innovation"?
a) Incremental advancements within existing markets.
b) Creating entirely new markets with revolutionary products or services.
c) Exploiting underserved niche markets with cost-effective solutions.
d) Imitating successful business models of established competitors.
2. Opportunity Recognition and Evaluation: What criteria is NOT crucial for
evaluating a potential entrepreneurial opportunity?
a) Market need and customer demand.
b) Feasibility of resource acquisition and funding.
c) Potential for competitive advantage and differentiation.
d) Personal passion and alignment with the entrepreneur's values.
3. Corporate Policy and South Africa: Which section of the Companies Act, 2008,
primarily deals with corporate social responsibility (CSR) in South Africa?
a) Section 56: Directors' Duties.
b) Section 71: King Code on Corporate Governance.
c) Section 91: Broad-Based Black Economic Empowerment.
d) Section 217: Reporting for Socially Responsible Investments.
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