1. Which of the following arguments is not supported by the economic case for SME type policies?

1. Providing employment is particularly important for communities in some locations (inner cities and remote rural areas).
2. Creating new economic activity is particularly important at the regional and local levels where decline in population is inversely proportional to income disparities.
3. Contributing to economic competitiveness at the regional and not the sectoral level.
4. Smaller firms can pursue opportunities which cannot be taken up by larger firms so readily.

2. Which of the following statements does not support the view that SME's are financially disadvantaged?

1. The costs of financing the venture are higher.
2. The delivery costs are higher.
3. It is difficult to protect intellectual property.
4. Access to accountancy services are limited.

3. Which of the following typologies of entrepreneurship policies is also known as ‘techno-entrepreneurship’ policy?

1. e-extension policy
2. target group policy
3. new firm creation policy
4. ‘holistic’ entrepreneurship policy

4. Intervention that controls or guides entrepreneurial activity includes ______.

1. promoting enterprise in order to tackle social exclusion
2. promoting entrepreneurial education
3. business support
4. entrepreneurial promotion

5. According to Stevenson and Lundstrom (2007: 107–113), enterprise policies that are designed to enhance the perceived value of entrepreneurial activity in society have been described as ______.

1.  entrepreneurship promotion
2. entrepreneurship education
3. start-up promotion
4. start-up business support

6. In their typology of entrepreneurship policies, how do Stevenson and Lundstrom (2002) define ‘target group policy’?

1. Policy supports new firm creation and encourages other forms of entrepreneurial activity.
2. Policy is focused on increasing the number of new firm start-ups in particular population segments.
3. Policy favours reduced barriers to business entry and exit in order to facilitate the business creation process.
4. Policy strengthens the entrepreneurial culture and capacity of a country.

7. Instead of making the case for a particular category of organisation (i.e. small and medium-sized enterprises), the argument for entrepreneurship policy is based around the need to respond to major changes in the world economy, such as globalisation.

1. True
2. False

8. Different evaluation methodologies can generate radically different evidence on the outcomes and impact of enterprise programmes.

1. True
2. False 

9. Which of the following statements summarises the conclusions reached by Blackburn and Ram (2006)?

1. Entrepreneurship, as manifested in business ownership, provides opportunities for inclusion for some people in some contexts but little scope for others.
2. Entrepreneurship, as manifested in business ownership, provides opportunities for inclusion for most people in most contexts.
3. Entrepreneurship, as manifested in business ownership, provides opportunities for exclusion for some people in some contexts.
4. Entrepreneurship, as manifested in business ownership, provides opportunities for inclusion for few people in most contexts and little scope for others.

10. In their Entrepreneurship Indicators Program, what does the OECD’s notion of ‘value’ cover?

1. monetary returns
2. non-monetary returns
3. both monetary and non-monetary returns
4. value added