SHEGER COLLEGE

SCHOOL OF DISTANCE AND CONTINUING EDUCATION

/Degree Program/

Weight: 30%
Modality: distance

ASSIGNMENT for Entrepreneurship

(Course code :MGMT 1012)

Name_________________________
Id. No________________________
Department ___________________
Satalite Centre: _______________________

This work sheet is prepared for you to do by your own. It carries 30%. The worksheet should be
completed and submitted to the Office of Distance and Continuing Education, Addis Ababa Head
Office during Final Examination time.
Do not try to complete the worksheet until you have covered all the lessons and exercises in the
course material.
If you have any questions in the module that you have not been able to understand, please state on a
separate sheet of paper and attach it to this worksheet, otherwise, your tutor will clarify them for you.
After completing this worksheet, be sure that you write your Name, ID. No, department on the first
page.
Part I: Say true if the statement is correct & false if it is incorrect (1 point each)
1. The process of setting up a venture begins with searching for an opportunity.
2. An entrepreneur is a person who organizes, operates, and avoids the risk of a business
venture.
3. The product planning and development process begins with test marketing
4. SMEs occupy a prominent position in the development of the Ethiopian economy.
5. Proprietorship is the form of business in which two or more peoples pooled resources to own
a business.
Part II: Choose the Best Answer from the Given Alternatives (1 Point Each)
1. Which one of the following is an internal environment of business
A. Suppliers B. Competitors C. Operation D. Legal
2. One is not the role of entrepreneurship in the economy?
A. Create job opportunities
B. Introduce better production methods
C. Identify business opportunities and markets
D. Establish monopoly and reduces competition
3. Which one is not an integral element of entrepreneurship?
A. The ability to perceive opportunities
B. The ability to commercialize the opportunities
C. The ability to pursue opportunities in a sustainable basis
D. The ability to pursue opportunities through systematic means
E. None of the above.
4. Mr. Omarson developed a new accounting software program and transferred it to Steel
Company and the receiving company is protected by law. So what type of grant does Mr.
Omarson transfer to this Steel Company?
A. Patent right C. Copy right
B. Trade mark D. All
5. In setting up entrepreneurial ventures, one of the following activities is undertaken in the
stage of opportunity evaluation
A. Discovering the potential C. Gathering the resources
B. Identifying the problems D. Forming the enterprise
6. Which element of the business plan is prepared after the total plan is written and it is about
three to four pages in length?
A. Introductory Page C. Industry Analysis
B. Executive Summary D. Description of Venture
7. Which of the following is the source of the new product idea?
A. Observing market conditions D. Internet
B. Mass Media E. All of the above
C. A successful story of friends and F. None of the above
relatives
8. In the hierarchy of environmental analysis, the SWOT analysis is followed by;
A. Macro environment analysis
B. Sectorial analysis C. Product/service development
 D. All of the above
9. The method of generating of a new business idea based on finding the problems of the
general product category is:
A. Problem inventory analysis C. Combination
B. Brainstorming D. Focus group method
10. One of the following is not the Tangible fixed assets capital of Entrepreneurial firms?
A. Buildings C. Land
B. Machinery & equipment D. Stocks of subsidiaries
11. Which of the following is/are sources of funds in Long Term Financing?
A. Long-term loans D. Equity
B. Lease E. All of the above
C. Bonds
12. Determining & identifying the competitors’ objectives is a crucial process in competitors’
analysis, all of the following are the competitors’ objectives except one.
A. Current profitability D. Technological leadership
B. Market share growth E. None of the above
C. Cash flow
13. All of the following are a source of funds in financing small businesses from the owners
capital sources except
A. Funds from Friends and Relatives D. Funds from venture capitalist
B. Sale of capital stock to customers E. Sale of capital stock to suppliers
C. Funds from banks F. None of the above

Part III: Short Answer Questions (3 marks each)