YARDSTICK INTERNATIONAL COLLEGE

Entrepreneurship (Bmgt1012) Final Examination

Time allowed: 1:30 hrs

Total Weight: 50%

Name: _______________________________ ID. No: _____________ Dep’t: _________

GENERAL DIRECTIONS:

1. Make sure that the exam paper contains 5 pages including the cover page and answer sheet.
2. Read the instructions carefully for each part of the exam and attempt accordingly.
3. Use of pencils and red pens are not allowed.
4. Mobile phone should be switched off.
5. Any action taken by exam invigilator during exam time will not be compromised.
6. Put aside any materials on the instructor’s desk.
7. Write your answers only on the separate answer sheet provided.
8. Please write your name on both question paper and answer sheet.

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 I. Read the following questions carefully and write ‘True’ if the statement is correct if
it is incorrect write ‘False’ (Nine point)
1. Entrepreneurship is the result of creation and innovation.
2. Business plan is a road map for starting and running a business.
3. All entrepreneurs are business persons, but all business persons are not entrepreneurs.
4. Small Enterprises paid up capital of birr 100, 000 up to birr 1.5 million.
5. Macro Environment analysis is not immediate part of the entrepreneur’s venture.
6. Small and Micro Enterprises doesn’t have large market share.
7. Services cannot be separated from the service provider.
8. Creativity is the ability to create and identify new idea looking at a problem and opportunities.
9. Innovation is the implementation of new idea at the individual, group or organizational level.
II. Read the following questions carefully; then, match column ‘A’ with ‘B’ (Nine point)
“A: “B”
1. Diversification A. selling existing products to existed market.
2. Product development B. selling existing products to new market.
3. Market development C. selling new products to existing market.
4. Market penetration D. selling new products to new market
5. Stored for the future. E. Single owner/individual
6. Perishable F. Two or more individuals
7. Proprietorship G. Run by stockholders
8. Partnership H. Goods
9. Corporation I. Services
III. Choose the best answer for the following questions among the given
alternatives (18 point)
1. Which one of the following is not true about successful entrepreneurs?
A. rely on guesswork. C. always seeks out and identifies opportunities.
B. take responsibility for their own actions. D. convince someone to get something in your favor
2. Which one pf the following is true about selling?
A. It focused on existing product. C. It ends through profit with satisfaction.
B. It focused on customers need. D. It starts with marketplace.
3. According to product concept of marketing philosophy which one of the following is true:
A. selling and promotion are best tools to stimulate more buying.
B. consumers will favor products are widely available and low in cost.
C. consumers favor on products that offer the most quality, performance or innovative features.
D. The ultimate outcome is building unique company asset: marketing network.

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 4. Of the following which method of funding and financing is not a continual drain from the cash flow of a
company?
A. working capital C. equity investment
B. asset finance D. permanent capital
5. All of the following are external source of finance EXCEPT:
A. commercial banks C. micro finances
B. selling shares D. bonds
6. Which one of the following is true about operational leasing?
A. The lessor transfers all the risks and rewards of ownership of assets to the lessee.
B. The lessor doesn’t transfer all the risks and rewards of ownership of assets to the lessee.
C. The lessor recovers his total investment through lease rental.
D. It may last for indefinite period of time.
7. According to Timmons model of entrepreneurship, which one of the following is not the critical factors of
entrepreneurship?
A. opportunities C. team
B. resources D. government policies
8. Which one of the following is not true about entrepreneurship?
A. It is an individual’s ability to turn ideas into action.
B. It is the way of leading people to “job seekers”
C. It is the process of arranging and investing resources to exploit opportunities.
D. It is the process of creating something different and better with value.
9. Which type of entrepreneur a person does entrepreneurial work within large organization?
A. Entrepreneurial Organization C. Individual entrepreneur
B. Intrapreneur D. The Intraprenuer’s context
10. Which one of the following is true about macro business idea screening approach?
A. It is the most appropriate when deciding on starting a business
B. It aimed at screening down ideas to 10.
C. It analyses more than one possible business ideas.
D. It aimed at screening down ideas into 3.
11. Which entrepreneurial skills is grouped under People Management Skills?
A. Strategy Skills C. Leadership Skills
B. Planning Skills D. Marketing Skills

12. Which one of the following is a word, symbol, design, or some combination of such?
A. Copyright B. Patent C. Trademark D. Trade secret
13. Which one of the following is true about goods?
A. They are tangible C. They have high customer contact.
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B. They are intangible D. They are perishable.

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 14. In which level of Small and Micro Enterprises, an enterprise becomes competent in price, quality and
supply?
A. maturity level C. start-up level
B. growth level D. growth- medium Level
15. Which one of the following is not true about small and micro enterprise?
A. It is supplied by one individual or a small group.
B. It has more than 15 or 20 owners.
C. It is a large organization.
D. The owner controlled the business.
16. Which one of the following is the way of identifying own strengths, weaknesses, opportunities
and threats in the environment?
A. Sectoral analysis C. Environmental analysis
B. Situational analysis D. SWOT analysis
17. All of the following are small business failure factors EXCEPT:
A. adequate credit assistance C. voluntary withdrawal from the business
B. bankruptcy D. foreclosure
18. Which one of the following is not true about business plan?
A. It assesses the feasibility of the idea. C. It identifies internal strengths and weakness.
B. It used to allocate resources. D. It feels gaps in competitors and the market.

IV. Briefly discuss the following questions (Three point)

1. Discuss the principles of business ethics in business economy. (Five point)
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2. Explain the role of small and micro enterprises (Five point)
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3. Explain and discuss marketing mix. (four point)
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 YARDSTICK INTERNATIONAL COLLEGE
Entrepreneurship (Bmgt1012) Final Examination
Weight: 50%
Permitted time: 1:30
Name: _____________________________________ Department: ___________________ID: ___________________________

Entry year: __________________ Section: ________________ Academic year: 2014 E.C

I. True/False (1 pt each)
I) True/False II) Matching III) Multiple choice
1 6 1 6 1 6 11 16
2 7 2 7 2 7 12 17
3 8 3 8 3 8 13 18
4 9 4 9 4 9 14
5 5 5 10 15
IV. Briefly discuss the following questions (14 point)
1. Discuss the principles of business ethics in business economy. (Five point)
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2. Explain the role of small and micro enterprises (Five point)
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3. Explain and discuss marketing mix. (four point)
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