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EDP EXAM SET A Edited

This document contains an exam for an entrepreneurship development programme. It consists of 3 questions. Question 1 has 10 multiple choice questions testing concepts related to entrepreneurship like calculating profit, variable costs, contribution margin, and factors influencing business success. Question 2 asks students to describe factors affecting market segmentation, the purpose of a business plan, and components of start-up costs. Question 3 asks students to calculate the working capital required for a start-up business given annual sales, inventory, accounts receivable and payable terms.

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KEZANG GELLAY
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95 views

EDP EXAM SET A Edited

This document contains an exam for an entrepreneurship development programme. It consists of 3 questions. Question 1 has 10 multiple choice questions testing concepts related to entrepreneurship like calculating profit, variable costs, contribution margin, and factors influencing business success. Question 2 asks students to describe factors affecting market segmentation, the purpose of a business plan, and components of start-up costs. Question 3 asks students to calculate the working capital required for a start-up business given annual sales, inventory, accounts receivable and payable terms.

Uploaded by

KEZANG GELLAY
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 4

Std. No.

ROYAL UNIVERSITY OF BHUTAN

COLLEGE OF SCIENCE AND TECHNOLOGY

PHUENTSHOLING: BHUTAN

AUTUMN SEMESTER EXAMINATION: 2019

Class : Architect & Civil Engineering

Module : Entrepreneurship Development Programme

Semester : V

Module Code : EDP101

Max. Marks : 20 Marks

Max. Time : 11/2 Hr

General Instructions: Answer all three SET of questions.

Page 1 of 4
Question No.1 Choose the best possible response. [10x1=10]

1.1 If you own your own business you will need to know how to
calculate your profit. Which one is a calculation of profit?
A. Sales minus months in a year
B. Sales minus expenses
C. Total sales minus expenses
D. Monthly sales minus expenses
1.2 A process that starts with desired outcome and focuses on the
means to generate that outcome is …
A. Bricolage process
B. Causal process
C. Structural process
D. Effectuation process

1.3 What is the variable cost?


A. Cost that go up and down
B. Cost that remain the same
C. Measure disadvantages of production
D. Measure advantages of production
1.4 The amount which will be realised at the end of useful life of asset
is called…..
A. Salvage value
B. Propositional Value
C. Intangible value
D. Nominal value
1.5 The contribution margin unit of company A is …
Company A
Fixed Cost Nu.45,000
Selling Price per unit Nu.450
Variable Cost per Unit Nu.45
B.E.P ?
A. 11.11 unit
B. 11.111unit
C. 111.11unit
D. 111 unit

Page 2 of 4
1.6 When the price is determined by adding a dollar amount or
percentage to the cost of the product to achieve the desired profit
margin is called as……
A. Demand –oriented pricing
B. Cost- oriented pricing
C. Mark –up pricing
D. Competitor’s –oriented pricing
1.7 What attributes might make some one more likely to become a
successful entrepreneur?
A. The need for achievement and high tolerance for ambiguity
B. Willingness to bear risk and self -efficacy
C. Internal locus of control
D. All of the above

1.8 As per the Department of Cottage & small Industry, an


individual/company/firm may engage in commercial or industrial
activity only after obtaining trade license from the Ministry of Trade
and Industry, EXCEPT for investment of less than…….
A. Nu. 50,000
B. Nu. 1,00,000
C. Nu. 1,50,000
D. Nu. 2,00,000
1.9 “As an entrepreneur, you can’t enjoy the ice cream without
picking up a flavour”. The underlying meaning of the statement is
about the needs of……
A. Core values
B. Purpose principle
C. Action strategies
D. Basic skills
1.10 What could be the most viable reason that some businesses fail
while others businesses prosper?
A. Poor customer service
B. Poor logistics
C. Poor cost management
D. Poor business plan

Page 3 of 4
Question No.2 [2.5 +2.5 +2 = 7]
2.1 What are the factors that you would consider affecting the market
segmentation? Provide descriptions against each factor.
2.2 Describe the fundamental purposes of preparing (producing) a
comprehensive business plan?
2.3 Identify at least four components of start-up cost.
Question No.3 [3]
Determine the working capital for a start-up business if the projected data
are as given below.
Annual Sale Nu. 50,00,000.00
Annual Inventory Nu. 20,00,000.00
Inventory turnover 3 months
A/R term 1 month
A/P term 1 month

Page 4 of 4

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