1. A client has approached you with a request for preparing a project feasibility report for setting up a cosmetic product factory near the capital of the country. How will you conduct your work and what type of data will you collect and analyse for submitting an honest and neutral report.
2. “It is advisable to incorporate inflation in project cash flows but it is most difficult”. Do you support this statement? Why? Give your answer with an example.
3. A friend of yours just bought a sony digital camera. While showing it to you, he said, “You think entrepreneurial firms are so smart, look at what Sony has done. It has produced a sophisticated digital camera that allows me to take pictures, download them to my PC, and e-mail them to family members. Sony’s a big company, not a small entrepreneurial firm. What do you have to say to that?” If you were to defend the role of entrepreneurial firms in developing new technologies, how would you respond?
4. What factors favour older entrepreneurs as opposed to younger entrepreneurs?