Diagnosis of Readiness for Entrepreneurial Activity Test - the question form
Questions: 24 · 5 minutes
1. After opening the first beauty salon in the city, Petrov earned a substantial profit by the end of the year. How should he use this profit?
A) deposit the money in a bank at a good interest rate
B) invest in a new hair salon
C) take a vacation or buy something he has wanted for a long time
D) donate it to charity
2. A regular customer of a successful travel agency suggests a fairly expensive but original advertising sign to attract tourists. What should the business owner do?
Order the sign despite the cost
Not spend money on the sign since there are already enough customers
Consult with the agency staff
Ignore the customer’s suggestion and invest only in advertising methods that have proven effective over time
3. An insurance agent lost an important client to competitors. This upset him greatly, and he felt like giving up. Is this similar to you?
Very similar
Rather similar than not similar
Rather not similar than similar
Not at all similar
4. An entrepreneur has moved to a new place of residence. The local employment office has offered several job openings. What should the entrepreneur do in this situation?
Become the chief executive officer of a company on the verge of bankruptcy
Choose a sales manager position in a successful company
Consult with their family
Wait for new offers
5. The owner of a large retail chain has received an invitation from the Chamber of Commerce and Industry to take part in an expensive seminar on “New technologies in personnel management,” being held in the city for the first time. How should the entrepreneur respond to this offer?
Attend the seminar personally
Send a deputy or the HR manager to the seminar
Consult with a deputy
Not take part in the seminar, as the business is already thriving
6. A bespoke workwear shop owner receives an urgent order. Completing it on time would bring a large profit, but would require working 18 hours a day for a month. Should the business owner accept the order?
Yes, should accept it
No, should not accept it
Should consult with the family
Should negotiate a longer deadline, accepting a partial loss of profit
7. Should the business owner agree to help organize the conference, even though it would require a significant investment of time and energy and reduce the time spent at work by several hours?
Should
Probably should
Probably should not
Should not
8. The president of a brewing company needs to decide how to increase the company’s revenues. Which of the following options is most appropriate?
A) Increase the product price
B) Reduce production costs
C) Reduce the administrative staff
D) Implement a new production method
9. A highly paid manager decides to leave a stable job to start a business, and is 90% confident it will succeed. However, almost all friends and relatives try to talk him out of this "reckless" step. What should the manager do in this situation?
Change fields and start the new line of work despite the opinion of friends and relatives
Listen to the opinion of relatives and friends
Start the business, but work on it in free time outside of the current job
Draw lots
10. An entrepreneur has started a company that produces mayonnaise. How should they run the business?
Take an active role in organizing and managing the company’s day-to-day operations
Appoint a Chief Executive Officer responsible for the company’s successful operation, while keeping oversight and monitoring responsibilities
Limit involvement in the business to receiving dividends
Adapt to the circumstances
11. In which of the following situations, in your opinion, is risk most justified?
Gambling in a casino
Starting a new business venture
Lending money to someone
Investing money in the shares of a thriving company
12. A company CEO has been given a loan to expand production. What is the best way to use the money?
Increase output of the product that is currently in high demand
Purchase equipment that will improve the quality of the products
Purchase equipment to produce a new product
Buy low-cost raw materials now to reduce production costs in the future when raw material prices rise
13. A former teacher and his wife started a business repairing office furniture. They found it difficult for newcomers to get good contracts. In their first year, the business did not make a profit, even though they worked very hard doing small jobs. Which strategy for accepting orders should they prefer going forward?
Accept only orders that promise a substantial profit
Agree to any orders
Accept either orders that are profitable, or orders that are not profitable but help build customer trust
Take all orders that bring even a small profit
14. The owner of a factory producing metal canning lids signed a contract to supply a vegetable processing plant with a batch of lids at a price of 50,000 per ton. The day after the contract was signed, raw material prices rose sharply, making the contract unprofitable for the factory owner. How should he act in this situation?
Terminate the contract
Ask the customer for advice
Negotiate a compromise with the customer: deliver part of the order at the old price and part at the new price
Inform the customer about the increase in raw material prices, but fulfill the contract terms in full
15. A distributor for a pharmaceutical manufacturing company has accumulated a substantial amount of money. How should this money be used?
Start their own company
Deposit the money in a bank at a high interest rate
Buy shares in a reputable company that provide a high return
Spend it on personal needs
16. A construction company has received a lucrative contract to build and finish a new retail store, with on-time completion as a key contract condition. Due to weather-related delays, the project may not be completed by the agreed deadline. What should the company director do?
Hire additional highly qualified specialists and, despite losing half the profit, complete the project on time
Inform the client about the construction delay due to force majeure circumstances
Trust that the project will still be finished on time
Increase the construction pace by reducing the quality of the work
17. A cafeteria owner used the profits to start building another similar establishment. Circumstances have changed, and he does not have enough funds to complete the construction. What should he do in this situation?
Sell the unfinished building
Look for funding to complete the construction
Do what his relatives advise him to do
Postpone the construction until conditions improve
18. An entrepreneur running a shuttle-trading business has had goods stolen that were purchased with borrowed money and stored in a garage. What should the entrepreneur do now?
Get a salaried job with stable pay
Continue doing business
Wait for the police to recover the stolen goods
Take time off and recover from the shock
19. A businessperson is planning to invest in buying a company. Which factors should be considered to assess the company’s profitability?
The profit from the most recent year
The average annual profit over the past five years
The projected average annual profit over the next five years, based on past profits
The projected average annual profit over the next five years, based on the buyer’s confidence that their managerial skill will sharply increase profits
20. Do you plan to be:
A) an entrepreneur
B) a manager
C) a part-time entrepreneur (in your free time outside your main job)
D) other
21. If you were offered a very attractive salaried job, would you stop trying to start your own business?
Yes
No
I don't know
I would follow the advice of people close to me
22. Why do you want to engage in entrepreneurial activity? Choose the reason that is most important to you.
A desire to earn money
Love of freedom; a desire to be in control of my own life
Interest in creative work that feels personally meaningful
Because circumstances have worked out that way
23. Which of the following goals do you set for yourself? Please choose two goals; select the first goal.
To start (or expand) a business
To gain recognition from others
To secure my children's future
To apply my abilities in entrepreneurial activity
24. Which of the following goals do you set for yourself? Select a second goal that is different from the first.
To start (or expand) a business
To gain recognition from others
To secure my children's future
To realize my abilities through entrepreneurial activity