Hawassa poly technic College

Department of ICT
Knowledge Test Improve business Small and midium business management

Name _________________________ section ___________

I. MULTIPLE CHOICE: Encircle the letter of the correct answer among the choices provided.
1. which of the following are the Sources of Business Idea Except one ?
A. Hobbies B. Personal Skills C. Mass Media D. Attitude E. None
2. Which of the following the first step in transforming the entrepreneur’s desire
A. business idea C. Being creative
B. Finding business idea D. BRAINSTORMING
3. one of the most important Components Of Swot Analysis Strength ?
A. Sufficient capital C. Technological change
B. High demand for the product D. Good government policy
4. Which one of the following components of SWOT Analysis Weakness/Limitations?
A. capital C. Technological change
B. High demand for the product D. Good government policy
5. _____________ is an attractive idea or proposition that provides the possibility
of a return for the investor
A. Business Idea C. profitability
B. business opportunity D. Finding business idea
6. Which one of the following components of SWOT Analysis Opportunity Except one?
A. Good government policy
B. Access to cheap raw materials
C. Shortage or absence of similar product in the area
D. Availability of loan at lower interest rate
E. Low level of stock in times of peak sales
7. ______ is a technique for creative problem solving as well as for generating
ideas
A. Business idea B. Creativity C. brainstorming d. all
II. MATCHING TYPE: Match Column A with Column B. Write the letter of the correct
answer on the space provided before the number.
Column A Column B
_________1. Executive summary A) A. Research based information about the industry
_________2. Market analysis B) B. The promotional strategy to introduce your business to the world
_________3. Market plan C) C. An introductory overview of your business
_________4. Financial plan D) D. A breakdown of your numbers to show what you need to get started
as well as to prove viability of profitability
_________5. Marketing Plan Place E) E. Reason for choosing the location the business
II ENUMERATION: Enumerate the following requirements for each question

1. ________is the response of a person or organization to identify problems, to solve

2. Why generate business idea

3. Write at list three Sources of business idea