QUESTION 3 (25 Marks) The following measurement instrument developed and accepted for the proposed study. Study it and t

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QUESTION 3 (25 Marks) The following measurement instrumentdeveloped and accepted for the proposed study. Study it and thenanswer the questions that follow. 4 Part A: Socioeconomic factorsThe section below measures the demographic factors necessary fordetermining your socioeconomic status. Write down your current age.For the others, please place an asterisk () in the box that bestreflects your situation. Mark one box only. Gender Male ( = 1)Female ( = 0) State your age What is your highest level ofeducation? Educational attainment Select one No Matric certificateMatric certificate Some tertiary education College Diploma Bachelordegree Honours/postgraduate diploma Master’s degree Doctoral degreeAre you or were your parents self-employed? Yes No Entrepreneurialexperience of parents Were your parents self-employed? Select oneAt least one parent self-employed ( = 1) None self-employed ( = 0)What is your opinion of your current household income? I am …..Select one Very dissatisfied Dissatisfied Neither satisfied nordissatisfied Satisfied Very satisfied Self-employment What is yourpreference for self-employment? Select one I prefer beingself-employed. I am not undecided. I prefer being an employee. PartB: Personality The section below measures your personality traits.Please place an asterisk () in the applicable box to rate yourlevel of agreement or disagreement with each of the followingstatements. Mark one box only. Risk-taking propensity In general, Iam willing to take risks. Select one Strongly disagree DisagreeNeither agree nor disagree Agree Strongly agree Generalself-efficacy I am capable of accomplishing the most difficult oftasks. Select one Strongly disagree Disagree Neither agree nordisagree Agree 5 Strongly agree Internal locus of control My lifeis determined by my own actions, not by others or by chance. Selectone Strongly disagree Disagree Neither agree nor disagree AgreeStrongly agree Proactiveness Whenever I see something that I do notlike, I change it. Select one Strongly disagree Disagree Neitheragree nor disagree Agree Strongly agree Autonomy The possibility ofbeing rejected by others for standing up for my decisions would notstop me. Select one Strongly disagree Disagree Neither agree nordisagree Agree Strongly agree Innovativeness I am an innovativeperson with many ideas. Select one Strongly disagree DisagreeNeither agree nor disagree Agree Strongly agree Optimism I amoptimistic about my future. Select one Strongly disagree DisagreeNeither agree nor disagree Agree Strongly agree Competitiveness Ilike situations in which I compete with others. Select one Stronglydisagree Disagree Neither agree nor disagree Agree Strongly agreePart C: Environmental perceptions The section below measures yourperception of the entrepreneurial environment. Please place anasterisk () in the applicable box to rate your level of agreementor disagreement with each of the following statements. Mark one boxonly. Perceptions about lack of financial support. It is difficultto start my own business due to a lack of financial support. Selectone 6 Strongly disagree Disagree Neither agree nor disagree AgreeStrongly agree Perceptions about administrative complexities. It isdifficult to start my own business due to the complexadministrative procedures. Select one Strongly disagree DisagreeNeither agree nor disagree Agree Strongly agree Perceptions aboutinsufficient information. It is difficult to obtain sufficientinformation on how to start a business. Select one Stronglydisagree Disagree Neither agree nor disagree Agree Strongly agreeREQUIRED 3.1 Briefly describe the research instrument developed forthe proposed study. (6 marks) 3.2 Does the research instrumentexhaustively address all the four research questions of theproposed study? (4 marks) 3.3 Discuss briefly the concept ofvalidity and explain whether the research instrument is valid forthe proposed study. (6 marks) 3.4 It is of utmost importance thatconsideration is given not only to the results of the study butalso the rigour and quality of the research. Critically appraisethe research instrument and explain whether it satisfices theminimum standard of research quality. (5 marks) 3.5 Suggest twomajor measurements that should be included in the researchinstrument in order to address concerns about the quality of thestudy.