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    Entr ME

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    Entr ME

    Uploaded by

    gelilalemlemadem043640
    0 views3 pages

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    Download as docx, pdf, or txt
    0 views3 pages

    Entr ME

    Uploaded by

    gelilalemlemadem043640

    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    You are on page 1of 3

    Time allowed: 40

    Minutes
    Rift Valley University
    Level III-Clinical Nursing Evening program Students
    Mid-Exam for the course of Entrepreneurship and
    Employability Skills
    Name _______________________________________Id: __________________________
    Selected Department:__________________________
    Part I. True or False (1.5%)
    Instruction: - Read each of the following questions and write the
    word “True” if the statement is correct and if not write the word
    “False”. Write your answers only on the answer sheet.
    1. Economic incentives are the main drive for the entrepreneurial
    activities.
    2. Product is anything that can be offered to a market for attention,
    acquisition, use or consumption.
    3. Entrepreneurship is the art of turning an idea into a business.
    4. A business idea is a short and precise description of the basic
    operation of an intended business.
    5. As an entrepreneur, you accept the risks and responsibilities of
    business ownership.

    Part II: Matching Items (12%)


    Instruction: From Column “B”, select the appropriate statement that
    can best associate with the items under Column “A”. Write your
    answers only on the answer sheet.
    Column A Column B
    1. Company’s A. Shareholders of the company do not become happy
    Stakeholder
    2. Idea screening B. the owner controls the business himself/herself
    3. Independence C. The act of communication in marketing products or
    services
    4. Old Idea D. short statement that sums up your ideas.
    5. Concept Statement E. an individual copies an existing business idea from
    someone
    6. Low price of Goods or F. the process to spot good ideas and eliminate poor
    service by a company one.
    7. Product G. Suppliers of goods or services
    8. Promotion H. Anything than can be offered to customers

    1. Which one of the following can be the success factors for small
    business?

    1
    A. Conducive Environment C. Adequate Credit Assistance;
    B. Markets and Marketing Support D. All of the above E. None
    of the above
    2. The most common mistakes Leading Business to Failure are;
    A. Neglect to plan for the future
    B. Lack of commitment and hard work
    C. No delegation/ not hiring additional employees
    D. Inaccurate estimates of cash flow and capital requirements.
    E. All of the Above
    3. One of the following alternative is included in the Role/Importance of
    MSEs in Developing Country? Except
    A. Large Employment Opportunities:
    B. Balanced Regional Development/ Removing Regional Imbalance
    C. Equitable Distribution of Wealth and Decentralization of Economic
    Power
    4. ______________provides the owner with exclusive rights to hold, transfer,
    and license the production and sale of a product/process.
    A. Copy right B. Trade mark C. Trade secret
    D. A Patent
    5. Which one of the following components of business plan discuss the
    details about the patents, trademarks, copyrights, franchises, and
    licensing agreements.
    A. Funding requirement C. The plan D. The
    product/services
    B. The business E. Critical risks

    Part IV: Short Answer Items (6%)


    1. Define What entreprenurship(2.5%)
    2. Write down reasons for sourcing money (3.5%)

    2
    Answer Sheet
    Name
    ______________________________________________Id:_______________________.
    Department Selected:______________________
    Part I-TRUE or FALSE Items (7.5 %)
    1.________________2.________________3.___________________4.________________
    5.________________
    Part II-Matching Items (8%)
    1.________________2.________________3.__________________4.__________________
    5.________________6.________________7.__________________8.__________________

    Part III-Multiple Choice Items (7.5%)


    1.________________2.________________3._________________4.__________________
    5.________________
    Part IV-Short Answer Items (6%)
    1.

    2.

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