The Recently-Implemented Small Enterprise Development Program GMAT Reading Comprehension

Reading Passage Question

The recently-implemented Small Enterprise Development Program (SEDP) focuses on enhancing the managerial skills of entrepreneurs and, thereby, increasing the potential of small businesses to succeed in their endeavors by adopting the essential requirements of sustainable enterprises - the requirement to innovate, to adopt ecofriendly methodologies, to enhance human resources, and to improve productivity to keep up with markets.

One of the primary functions of SEDP is to address recurring issues that arise in entrepreneurial culture and to identify viable means of handling as well as preempting such problems.SEDP also aims to design and implement tools to promote self-awareness among young graduates, particularly those currently unemployed, while remaining within the contexts circumscribed by management and workers’ unions.Additionally, SEDP proposes to assist small to medium sized businesses with the broader goal of contributing to better employment rates as well as to provide both training and non-training interventions that are often necessary as a result of a small company’s rapid expansion.

While it is doubtful whether a single initiative can achieve such ambitious goals, SEDP has minimized the risk of failure by implementing two techniques: first, it selects businesses run by entrepreneurs who have been identified through verifiable channels as those with the most potential to create growth-oriented enterprises, and second, it ensures that its potential financial losses are covered by funding from federal organizations that have elected to participate in the initiative, their interests driven by the potential of improved employment rates and overall economic growth.

‘The recently-implemented Small Enterprise Development Program’ is a GMAT reading comprehension passage with answers. Candidates need a strong knowledge of English GMAT reading comprehension.

This GMAT Reading Comprehension consists of 7 comprehension questions.

The GMAT Reading Comprehension questions are designed for the purpose of testing candidates’ abilities in understanding, analyzing, and applying information or concepts. Candidates can actively prepare with the help of GMAT Reading Comprehension Practice Questions.

Questions and Solutions

1. As per the SEDP, which of the following is NOT likely to be an essential requirement for small businesses to succeed?

1. Use eco-efficient means of production
2. Increase productivity
3. Improve training programs for its employees
4. Obtain funding from federal organizations
5. Adopt new methods

2. Which of the following CANNOT be inferred from the passage?

1. The achievement of SEDP’s goals would be less risky if it worked in coalition with another agency.
2. Organizations participating in the SEDP initiative have interests that are not similar to those of SEDP.
3. One of the goals of SEDP is to make young graduates realize their potentials
4. As per SEDP, improvement in management related skills boosts the chances of small businesses to realize success in their efforts.
5. Identifying practical methods of foreseeing issues that occur more than once in a self-started business is a role of SEDP

3. The primary purpose of the passage is to

1. question the stated goals of a program
2. promote and discuss a particular program that is well-designed and relatively risk-free
3. describe how a program is helping small enterprises with their managerial skills to help them succeed in their endeavors
4. analyze and evaluate a program with reference to its roles and aims
5. highlight the risks implicit in a specific venture

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