ME-803-C Entrepreneurship and Management Concepts - May 2026 Question Paper

Under each question, How to answer lists the points an answer should cover, outlined by CampusPrep from the syllabus. Check the details against your textbook.

1. 7 Marks
   aExplain feedback (pull) and feedforward (push) control mechanisms with simple real-life examples
   How to answer

   • Define feedback (pull) control as output-based corrective control
   • Define feedforward (push) control as input/anticipatory preventive control
   • Give simple real-life example of each
   • Compare timing and purpose of the two mechanisms
2. 7 Marks
   bExplain various characteristics of a system.
   How to answer

   • Define system in management context
   • List characteristics such as components, boundary, environment, inputs-outputs
   • Explain interdependence, wholeness and feedback
   • Give example of organizational system
3. 7 Marks
   aExplain the concept of a knowledge-driven learning organization and its role in modern e-business environment.
   How to answer

   • Define knowledge-driven learning organization
   • Explain features: knowledge creation, sharing, organizational learning
   • Explain role in e-business: innovation, competitiveness, adaptability
   • Give e-business examples
4. 7 Marks
   bExplain the steps in decision-making process. Differentiate between structured and unstructured decisions.
   How to answer

   • List steps of decision-making process from problem identification to follow-up
   • Briefly explain each step
   • Define structured vs unstructured decisions
   • Differentiate on basis of routine, information needs and level
5. 7 Marks
   aExplain the 4P's of marketing mix with examples.
   How to answer

   • Define marketing mix
   • Explain Product, Price, Place, Promotion
   • Give example for each P
   • Explain integrated role in marketing strategy
6. 7 Marks
   bDefine Marketing. Explain its importance and discuss the difference between needs, wants, and demands with examples.
   How to answer

   • Define marketing
   • Explain importance for business, customers and economy
   • Define needs, wants and demands with examples
   • Distinguish needs vs wants vs demands
7. 7 Marks
   aDiscuss different forms of business ownership with advantages and disadvantages.
   How to answer

   • List forms: sole proprietorship, partnership, company, cooperative
   • Explain features of each form
   • Discuss advantages of each
   • Discuss disadvantages of each
8. 7 Marks
   bExplain the structure and components of Balance Sheet and Profit and Loss Account.
   How to answer

   • State meaning and purpose of Balance Sheet
   • Explain assets, liabilities and equity components
   • State meaning and format of Profit and Loss Account
   • Explain incomes, expenses and profit determination
9. 7 Marks
   aDefine productivity and explain different types of productivity.
   How to answer

   • Define productivity as output-input ratio
   • Explain partial, multifactor and total productivity
   • Give formula/example for each type
   • Explain importance for management
10. 7 Marks
    bExplain time study procedure. Discuss performance rating and allowances.
    How to answer

    • List steps of time study procedure
    • Explain observation, rating and time calculation
    • Define performance rating
    • Explain types of allowances
11. 7 Marks
    aExplain the concept, objectives, and structure of Entrepreneurship Development Programs.
    How to answer

    • Define Entrepreneurship Development Programs (EDPs)
    • Explain objectives of EDPs
    • Explain structure/phases of EDPs
    • Explain role in entrepreneurship promotion
12. 7 Marks
    bDiscuss Economic and Sociological theories of entrepreneurship.
    How to answer

    • State economic theories of entrepreneurship
    • State sociological theories of entrepreneurship
    • Discuss key proponents and propositions
    • Compare economic vs sociological viewpoint
13. 14 Marks
    Explain the following (any **two**) :

    1. a)Supersystem and subsystems.
    2. b)SWOT analysis.
    3. c)Differences between leader & manager
    4. d)Customer Relationship Management (CRM)
    How to answer

    • Select any two topics from (a)-(d)
    • Define and explain key concepts of each selected topic
    • Give examples/diagram where relevant
    • State managerial significance
14. 14 Marks
    Explain the following (any **two**)

    1. a)Herzberg's two-factor theory
    2. b)Break-Even Point and its significance
    3. c)TQM and JIT
    4. d)QFD and TPM
    How to answer

    • Select any two topics from (a)-(d)
    • Define and explain key concepts of each selected topic
    • Give examples/formula where relevant
    • State managerial significance