Entrepreneurshi

Entrepreneurship Mid Exam – Bahir Dar University
PART I: TRUE OR FALSE

1. Entrepreneurship is environmentally determined
2. Entrepreneurship has nothing to do with gender and both
men and woman can be an entrepreneur
3. Wealth of an entrepreneur refers to groups who receive
benefits from entrepreneurs
4. Entrepreneurship plays a more significant role for developed
countries than developing
5. Entrepreneurs inspire, encourage and lead others to
undertake the given duties in time
6. Number of employees and invested capital are a common
yardstick to classify as micro and small businesses
7. On implementation stage of innovation the innovator
carefully identifying the product or service features, design as
well as the resources that will be needed
8. Some people turn to an entrepreneurial career because
nothing is open to them
9. In brainstorming method of generating business ideas no
criticism is allowed by anyone in the group
10. Federal governments cannot be sources of new business
ideas
PART II: MULTIPLE CHOICES
11. A favorable set of circumstances that creates a need for a
new product, service or business refers: Feasibility
A. Opportunity
B. Leadership
C. Environment
D. Feasibility
12. An ability to consider the business as a whole is concerned
with the skill of:
A. Decision making
B. Planning
C. Strategy
D. Financial
13. Of the following alternatives one is odd:
A. Motivation Skill
B. Leadership Skill
C. Delegation Skill
D. financial skill
14. An ability to see past, the firm’s offerings and their features,
and satisfy the customer’s needs and why the customer finds
them attractive refers to:
A. Communication Skill
B. Leadership Skill
C. Marketing Skill
D. Project Management Skill
5. The tendency to generate ideas, alternatives, or possibilities
that may be useful in solving problems, communicating with
others, and entertaining ourselves and others refers:
A. Entrepreneurship
B. Invention
C. innovation
D. Creativity
16. Of the following one is initial stage in the entrepreneurial
process
A. Opportunity Identification
B. Business Identification
C. Opportunity Evaluation
D. Exploitation of Opportunity
17. Which one of the following true about the history of
entrepreneurship?
A. In the 18thC, entrepreneurship was associated with
assuming business risks
B. In the late 20th C, a person who manages large commercial
projects was viewed as an entrepreneur
C. In the early 17th C, entrepreneurship was viewed from
economic perspective
D. In the ancient periods, creativity and innovation were main
criteria for defining entrepreneurs
18. One of the following is different from others
A. Planning skills
B. Strategy skills
C. Financial skills
D. Leadership skills
19. The ability to come up with new idea and to identify new
and different ways of looking at a problem and opportunities is
A. innovation
B. Creativity
C. Synthesis
D. Duplication
20. One of the four types of innovation is synthesis, It means:
A. The combination of existing concepts and factors in to a new
formulation
B. The creation of a new product, service or process
C. The expansion of a product, service process
D. The replication of an already existing product, service or
process
21. The first step in identification and evaluation of business
opportunity is
A. Environmental scanning
B. Opportunity identification
C. Opportunity development
D. Opportunity evaluation
22. The document that does the best lob of introducing
potential investors with the business opportunity the firm is
pursuing and how it Plans to pursue it is;
A. Business plan
B. Feasibility analysis
C. Opportunity analysis
D. Industry analysis
23. Which one of the following if false about brainstorming?
A. Freewheeling is encouraged
B. It is used for bringing new and innovative ideas
C. No criticism is allowed
D. All of the above
E. None of the above
24. All of the following are beneficiaries of entrepreneur’s
wealth, except;
A. Employees
B. Investors
C. Suppliers
D. Government
E. None
25. Which one of the following can be a barrier to creativity?
A. Blindly following the rules
B. Fearing looking foolish
C. Believing that I’m not creative
D. Fearing mistakes and failure
E. All of these
26. Quality management in entrepreneurship have the
following benefits, except;
A. Cost-effectiveness
B Social responsibility
C. Better profitability
D. Reputation
E. None of these
PART III: SHORT ANSWER
27. A document helping as a road map for starting & running a
business is ____

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Entrepreneurship Mid Exam – Bahir Dar University

PART I: TRUE OR FALSE

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