BTECH IN PROJECT MANAGEMENT:

PROJECT MANAGEMENT ENTREPRENEURSHIP 4

GROUP ASSIGNMENT #1

GROUP NAMES GROUP SURNAMES STUDENT NUMBER

1. ODWA MHLEBI 210034718
2. XOLELWA BASHALA 211258431
3. CHUMANI STEMELE 210174757

4. NONCEBA NAKUPI 205037135

5. MLUNGISELELI MTIKITIKI 203022831

DUE DATE: 31 August 2015

GEM Report 2014

1. Those who have taken steps to start a new business, but have not yet paid salaries or
wages for more than three months.
a) Nascent entrepreneurs
b) New entrepreneurs
c) Established business owners
d) Intentional entrepreneur

2. Academics and policy makers agree that entrepreneurs, and the new businesses they
establish, play a critical role in the _______________ and _______________ of their
societies
a) Stability and success
b) Existence and survival
c) Success and development
d) Development and well being

3. In order to provide for reliable comparisons across countries, GEM data is obtained
using a research design that is harmonized over all participating countries. The data is
gathered on an/a ________ basis from two main sources
a) Quarterly
b) Annual
c) Bi-annually
d) Every 3 years

4. Those who are running a mature business and in operation for more than 42 months.
a) Intentional entrepreneurs
b) Formally registered businesses
c) Established business owners
d) Informal business owners
5. Statistics in the Poverty trends report reveal that _________million people in South
Africa live below the breadline

a) 15.2
b) 10.2
c) 5.5
d) 9.4
6. A particularly disturbing aspect of the employment challenge in South Africa is over 65 %
of _________
a) Africans
b) Youth
c) Adults
d) Coloureds

7. In 2014, a record number of 73 economies registered for the cycle. However, survey
results from_________ were not included in the first GEM Report as their APS data was
not available at the time of going to print.
a) Kuwait
b) Latvia
c) Turkey
d) All of the above

8. The central indicator of GEM is the _________which measures the percentage of the
adult population (18-64) that are in the process of staring or who have just started a
business.
a) Nascent entrepreneurial rate
b) New Business rate
c) Tea (Total Early-stage Entrepreneurial Activity rate)
d) Established business ownership rate

9. Which of these particular environmental factors is/are influential in creating unique

business and entrepreneurial contexts?
a) Social
b) Political
 c) Economic
d) All of the above

10. Inefficiencies with in the energy, telecommunications and transport sectors are the result
of influence from.
a) Monopolistic concentration
b) Government influence
c) A and B
d) None of the above

11. The inception of GEM was in which year?

a) 1980
b) 1999
c) 2014
d) 1994

12. The divergence between the entrepreneur and institution providing finance is possibly
because of:
a) The inability of the entrepreneur to provide a business plan that is
acceptable to the financial institution
b) The transfer of research and development
c) Government policies and regulations
d) Physical infrastructure, of which the supply of electricity is a major concern

13. _____________ and _____________ were the main agencies that respondents were
aware of in all three provinces, although to a far lesser extent in the Western Cape.

a) SEFA, SEDA

b) IDC, NYDA

c) NYDA, SEDA

d) NEF, DEDAT
14. Any _________ with a viable business plan can apply for finance.

a) SME

b) SMMEs

c) Person

d) Agency

15. Its mandate was to coordinate and promote the development of youth in South Africa, by
assisting them to _______________ and to finance existing businesses.

a) Develop business plan

b) Start business

c) Maintain business

d) Know the SA business legislation

16. The drive and thought leader in promoting and facilitating black economic participation
by providing financial and ____________ to black empowered business and promoting
the culture of savings and investment among black people.

a) Encouragement

b) Business development

c) Support services

d) Non-financial support

17. According to the GCR, the necessary structural reforms are critical in which of the
following areas?
a) Alienating competition
 b) Boosting Competition
c) Competitive Advantage
d) All the above

18. __________________ Support is necessary to assist upcoming entrepreneurs by

improving programmes to support them.
a) Government
b) Finance
c) Technological
d) Political

19. What are some of South Africas reasons for having low levels of entrepreneurial
activities?
a) Corruption
b) Personal & Environmental Factors
c) Poverty
d) Financial Support

20. Some of the government politics and regulations stipulate that Small Business
Development should?
a) Alienate corruption before everything else
b) Pay a lump sum in order to get recognition from government.
c) Collaborate with experts in Small Business fields and express informed
SME policy
d) Have businesses that aim to create jobs and reduce poverty