Self-check question 1

Part 1: Choose the best answer

Read each question carefully and choose the best answer from the given alternatives.

1. Elements (steps in the implementation) of Entrepreneurship includes

A. Observing the environment/identifying gaps,

B. Identifying opportunities,

C. Gathering the necessary resources

D. All.

2. Employment creation, Local resource utilization Decentralization and diversification of

business etc… refers to
A. elements of Entrepreneurship C. function of entrepreneur
B. benefits of entrepreneurship D. All

3. Self-actualization /personal fulfillment, Feeling of freedom and independence etc.. are

A. elements of Entrepreneurship C. Rewards for Being an Entrepreneur

B. function of entrepreneur D. All

4. Which of the following is considered as a classification of entrepreneurs

A. Personal achiever C. Real manager
B. Super-salesperson

5. All _______________ is a person who plans, organizes, directs and controls the activities
of an established business
A. Manager C. Super-salesperson
B. Entrepreneur D. All

6. _________________ is considered to be any entity engaged in an economic activity,

irrespective of its legal form.

A. Enterprising
B. Personal achiever
C. An enterprise
D. All
Part 2: Short answer questions
Instructions:- Discuss the followings in brief

1. List the five key elements of entrepreneurship

2. Define entrepreneur
3. Define entrepreneurship
4. Describe the role of entrepreneurship an Economy.
5. What is entrepreneurship?
6. What is a Manager?
7. Who are intrapreneurs?
8. What are the economic principles of Entrepreneurship?

Self-check Questions- 2
Part I: Choose the best answer
1. _______________is the sum of your knowledge, including beliefs and thoughts about the
world and yourself in it.
A. Characteristic
B. mindset
C. Opinion
D. All
2. Focus on opportunities to learn from each experience, being involved in positive activities,
avoid negative thoughts and ideas, make friends with other entrepreneurs are:.
A. factors that help entrepreneurs to develop a negative mindset
B. factors that help entrepreneurs to develop a positive mindset
 C. Factors that stops entrepreneurs to develop a positive mindset.
D. All
3. Essential entrepreneurial mindset characteristics includes
A. Independent, responsible, abundant, goal-oriented and not afraid of failure
B. growth-oriented, learning-oriented, forward-thinking and self-accepting
C. Self-aware, collaborative, comfortable with discomfort and adaptable
D. Driven and tenacious, focused, decisive action-oriented and problem solving
E. All
4. Why People mostly procrastinate tasks and works in general
A. They think that the task to be done is unpleasant.
B. They fear the consequences of the actions
C. Negative evaluation of their work
D. All

Part II: Fill in the blank spaces with the most appropriate answers

1. ____________is delaying of a task for an unacceptable or weak reason.

2. Developing an entrepreneurial mindset can help to reduce _______, ______, and ________
and it can also help to drive ______, ______, and ________.

Things that should be considered in order to develop effective work habits are: ____________,
____________, __________ and ________.

Self-check questions 3
Part I: fill the following spaces with the most appropriate answers

1. ___________are defined as a body of knowledge, a set of skills and a cluster of traits

2. The key characteristics that should be possessed by successful entrepreneurs in order to
perform entrepreneurial functions effectively are known as _______________.
 3. The power cluster includes _________________and _________________Personal
Entrepreneurial Competency
4. ______________refers to the factors external to a business enterprise, which influence its
operations and determine its effectiveness.
5. What are the components of external business environment
A. _____________________
B. _____________________
C. _____________________
D. _____________________
E. _____________________

6. Internal business environment includes

A. _____________________
B. _____________________
C. _____________________
D. _____________________

Part II: discuss the following in brief

1. What is Opportunity seeking and initiative

2. What is Goal setting
3. What is Entrepreneurial potential

Self-Check Question 4
Part I: fill the following spaces with the most appropriate answers

1. ______________ is the set of forces that cause people to do something

2. The two types of factors that motivate entrepreneurs to start enterprises are
________________and ____________________.

3. What are the most important decision making process that an entrepreneurs follow during
decision making
 Self-Check 1 Written Test

Part 1: Short answer questions

1. What is a business idea?

2. What are the steps to screen out the best business idea?
3. What is brainstorming?

Part II. Say True or False for the following statements

1. All business ideas are viable.

2. SWOT analysis is one of the steps to screen out a viable business idea.
3. Ease of implementation is one of the factors considered in macro screening stage.

Self-Check 2 Written Test

Part 1: Choose the best answer from the given alternatives

1. One of the followings is not a factor to identify a business opportunity

A. Market
B. Length of the “window of opportunity”
C. Competition
D. Customers

Part II: say true or false

1. All opportunities in a market environment can be business opportunity

2. All business opportunity is a business idea that has been researched upon.

Self-Check - 3 Written Test

Part 1: Say true or false

 1. Another name for a feasibility study is a feasibility analysis.
2. Production viability is one of the components to be considered in a feasibility study.
3. The first step in preparing a feasibility study is an analysis stage of the market.

Part 2: Fill in the blanks with appropriate terms

1. The second step in the preparation of feasibility study is __________________.
2. Conducting a market research is one of the activities of ___________________stage in the
preparation of feasibility study.

Part I
Instruction: - Say True / False
1. A ratio between what the customer gets and what he gives is demand
2. Providing a quality product or service that satisfies the needs/wants of a customer and
keeps them coming back is customer service.
3. Combination of goods and services offered to satisfy needs and wants of customers is
called promotion
4. Place utility exists when a product is readily accessible to potential customers.
5. A market is the set of actual and potential buyers of a product or service.
6. Business plan is part of financial plan package.
7. A ratio between what the customer gets and what we gives is demand
8. Business model canvas is a model that Summarize a series of untested hypotheses of
framework,
9. Trade Credit is a credit obtained from suppliers who sell goods and service on cash.
10. An enterprise is for the purpose of attracting customers, selling goods and services and
earning profit.
11. Providing a quality product or service that satisfies the needs/wants of a customer and keeps
them coming back is customer service.
12. Combination of goods and services offered to satisfy needs and wants of customers is
called promotion
13. Place utility exists when a product is readily accessible to potential customers.
14. A market is the set of actual and potential buyers of a product or service.
15. Providing a quality product or service that satisfies the needs/wants of a customer and keeps
them coming back is customer service.
16. Combination of goods and services offered to satisfy needs and wants of customers is
called promotion
17. Place utility exists when a product is readily accessible to potential customers.
18. A market is the set of actual and potential buyers of a product or service.

Part II: Choose

1. Which one of the following is a market offering

A. Product D. All of the above are answers
B. Information E. None of the above are answers
C. Experience
2. Which one of the following refers wants for specific products that are backed by ability and
willingness to buy
A. Need C. Demand
B. Wants D. None
3. Which one of the following is the emotional or psychological values that a person attaches
to a product or brand because of its reputation or social standing
A. Place utility C. Image utility
B. Form utility D. None of the above are answers
4. Which one of the following is not Polite and Friendly Responses to your customers
A. What I can do for you D. All of the above are answers
B. I will try my best E. None of the above are answers
C. Calm down
5. Which one of the following is marketing characteristics
A. It focus on sellers need C. Converting product into cash
B. Product enjoys supreme importance D. Customer enjoys supreme importance
6. Which one of the following qualities of customer service professional states that we are
terribly sorry for this inconvenience
A. Point out facts C. Admit the problem
B. Do not lose your self-control D. None of the above are answers
7. Which one of the marketing mix refers having the right product, in the right location, at the
right time to be purchased by consumers
A. Promotion C. Place
B. Price D. product
8. Which one of the following is a market offering
A. Product D. All of the above are answers
B. Information E. None of the above are answers
C. Experience
9. Which one of the following refers wants for specific products that are backed by ability and
willingness to buy
A. Need C. Demand
B. Wants D. None
10. Which one of the following is the emotional or psychological values that a person attaches
to a product or brand because of its reputation or social standing
A. Place utility C. Image utility
B. Form utility D. None of the above is answer

11. Which one of the following is not Polite and Friendly responses to your customers
A. What I can do for you D. All of the above are answers
B. I will try my best E. None of the above are answers
C. Calm down
12. Which one of the following is marketing characteristics
A. It focus on sellers need C. Converting product into cash
B. Product enjoys supreme importance D. Customer enjoys supreme importance
13. Which one of the following qualities of customer service professional states that we are
terribly sorry for this inconvenience
A. Point out facts C. Admit the problem
B. Do not lose your self-control D. None of the above are answers
14. Which one of the marketing mix refers having the right product, in the right location, at the
right time to be purchased by consumers
A. Promotion
B. Price
C. Place
D. product
 Part III: Short Answer Questions
1. What are the three legal forms of business organization with their ownership?
2. What are the two main approaches to define MSEs. ?
3. Describe Key success factors in setting up a micro and small enterprises.
4. What are the ways to establishing an enterprise?
5. Mention the elements of marketing mix of products
6. What are the two main source of finance?
7. ____________is a written document prepared by the individual entrepreneur or partners that describes
the goals and objectives of the business along with steps necessary to achieve those goals.

8. ___________is a model that Summarize a series of untested hypotheses of framework, use customer
development to test their hypotheses and Practice agile development (developing a product iteratively and
incrementally).

9.__________is a credit obtained from suppliers who sell goods and service on credit.

10. _________ means informing or communicating your customers about your products and services and
attracting them to buy the given product /service.

Self-Check 1

Instruction I: Choose the best answer.

1. ____________________ are developed over a life-time in all aspects of life experience,

self-employment, and formal education and community activities etc…
A. Working skill
B. Employability skills
C. Communication skill
D. All
2. Skills, knowledge and competencies that enhance workers ability to secure and retain on
their job as well as progress at work and cope with changes is called _______________.
A. Core skills
B. Speaking skills
C. Writing skills
D. Working skills
3. Which of the following cannot be categorized under Problem-solving core skill?
A. Thinking creatively
 B. Solving problems independently
C. Managing oneself at work
D. Testing assumptions
4. ____________is being truthful, sincere and free of deceit/ trickery.
A. Loyalty
B. Commitment
C. Honesty and integrity
D. Reliability

5. _____________ process that initiates, guides, and maintains goal-oriented behaviors.

A. Motivation C. Commitment
B. Reliability D. Honesty and integrity

6. _____________ Specialized skills, knowledge or know-how needed to perform

specific duties or tasks

A. Basic/foundation skills C. Professional/personal

B. Vocational/technical skills D. Core work skills

7. An Individual attributes relevant to work, such as honesty, integrity or work ethic is

known as

A. Basic/foundation skills C. Professional/personal

B. Vocational/technical skills D. Core work skills

8. ____________ is the ability of a person to learn and adapt, to read, write and compute
competently; to listen and communicate effectively to think creatively; to solve
problems independently.

A. Professional/personal C. Vocational/technical skills

B. Basic/foundation skills D. Core work skills

9. Learning to learn skill category includes

A. Willingness to learn C. Thinking abstractly

B. Working safely D. All
 Instruction II: Answer the following questions

1. List down a minimum of seven personal attributes that the job seekers should develop in
different ways.
Self-Check Questions 4
Instruction I: Choose the best answer from the given alternatives.

1. A short document that the applicant /job -seeker sent to the employer either in hard
copy or electronic mill is ________________.

A. Resume letter C. Agreement letter

B. Thank you letter D. All

2. Communication process involves:

A. The sender, D. Medium and

B. Receiver, E. Feedback.
C. Message, F. All

3. ________________refers to the ability to perform job duties satisfactorily with little or

no supervision.

A. Self-management C. Learning
B. Initiative D. All

4. understanding new concepts and methods quickly, taking on new tasks, adapting to
change and having the tendency to improve your knowledge and skills continually is
known as _______________________
A. Self-management C. Learning

B. Technology D. All

Instruction II: Answer the Following Questions

1. What are the basic contents that should be included when writing a resume
a. ________________ f. _________________
b. ________________ g. _________________
c. ________________ h. _________________
d. ________________ i. _________________
e. ________________
 j. ________________
2. What are the common sources of job information that the job- seeker refers to the
availability of hiring somewhere else.

a. ____________________
b. ____________________
c. ____________________
d. ____________________
e. _______________
f. _______________
g. _______________
3. What is the purpose of a resume?
a. _______________________
b. _______________________