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FA2 Memorandum.pdf Entrepreneurship
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HIGHER EDUCATION PROGRAMMESMEMORANDUM
Academic Year 2023: January - June
Formative Assessment 2: Entrepreneurship 1 (HENT130-1)
NQF Level, Credits: 5, 12
Weighting: 20%
Assessment Type: Essay Questions
Educator: S. Mahlanze
Examiner: S. Campbell
Due Date: 12 May 2023
Total: 100 Marks
Instructions:
• This paper consists of four (4) questions.
• It is based on Units 7 - 11 of your prescribed courseware.
• All questions are compulsory.
• Your assessment must be typed using:
o Font: Arial
o Font size: 12
o Line spacing: 1.5
• A Copyleaks Report will be issued via ColCampus once the assignment is
submitted. Please ensure that you follow the correct steps when uploading your
assignment, to ensure that the Copyleaks Report is correctly issued. You
should be working towards a similarity rating of 30% or less. Where a
Copyleaks Cheat Detection Report is issued, your submission will automatically
be treated as if you received a similarity rating in excess of 30%. Currently no
marks will be deducted for a similarity rating that exceeds 30%.
1 HENT130-1-Jan-Jun2023-FA2-Memo-SC-V3-07022023
, Question 1: [22 Marks]
Entrepreneurs are risk-takers, they are innovators who uses their own capital and
initiative in order to start a business. They are ambitious individuals who are
determined to ensure that their business ideas, visions and goals succeed.
1.1) Entrepreneurs have a high need for achievement. List the eight (8) competencies
that entrepreneurs adhere to. (8 marks)
Unit 10, page 220
Note to Grader:
Allocate one (1) mark for each of the options listed below.
o They prefer to be personally responsible for solving problems✓
o They want to set their own goals✓
o They aim to reach their goals by their own efforts✓
o They want feedback on the degree of success with which they have
accomplished their tasks ✓
o They want to achieve a personal sense of accomplishment✓
o They want to control their own time as they know that time is a limited resource✓
o They use time and money creatively✓
o They are true to themselves and to their ideals✓
The following Learning Outcome is assessed in this question:
• Identify three groups of competencies which are characteristics of successful
entrepreneurs
1.2) Identify the eight (8) ways in which entrepreneurs express their creativity and
innovation. (8 marks)
Unit 10, page 225
Note to Grader:
Allocate one (1) mark for each of the options listed below.
2 HENT130-1-Jan-Jun2023-FA2-Memo-SC-V3-07022023
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