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Home
—›
Entrepreneurship
Entrepreneurship MCQs
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Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
Need for independence
Need for achievement
Need for affiliation
Need for authority
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Foundation companies are formed from:
Fashion
Research and development
Most popular business
winding up company
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All of the following are the broad categories of External forces EXCEPT:
Economic forces
S Socioeconomic forces
Technological forces
Competitive forces
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A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investment...
venture capitalist
entrepreneur
businessman
buyer
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Members of distribution channels are excellent sources for new ideas because:
They are familiar with the needs of the market
They earn a handsome profit from new business
They do not bother if entrepreneur bears a loss
They have well-developed sales force
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Which of the following geographical area is having least interest to U.S. entrepreneurs?
Europe
The Far East
Central Asia
Transition economies
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Andrew Carnegie is an example of entrepreneur of which century:
Earliest period
19th and 20th century
Middle ages
17th century
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The activity which occurs when the new venture is started are called:
Business skills
Motivation
Departure point
Goal orientation
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The business plan should be prepared by:
Entrepreneurs
Consultants
Engineers
Small business administration services
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What is the primary concern of founders who trade equity for capital for their growing venture?
Capitalization
Control
Valuation
Investor capabilities
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The importance of intellectual property should be understood by entrepreneur even before:
Hiring a manager
Engaging an attorney
Developing a product
Establishing new venture
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A patent is granted for a specified amount of time because of the assumption:
That during this time firm will cover its development costs
That firm will earn a sufficient profit during this period
To limit the monopoly of the firm
That it will stimulate idea and development of a better product
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External forces directly affect all of the following EXCEPT:
Market segmentation strategies
Types of products/services offered
Management structure of organization
Choice of businesses to acquire or sell
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Which of the following is alternatively called corporate venturing?
Intrapreneurship
Entrepreneurship
Act of stating a new venture
Offering new products by an existing company
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Following are the types of non equity arrangements EXCEPT:
Licensing
T turnkey project
Direct export
Management contracts
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Government can help in forming new venture by providing:
finance
technology
infrastructure
funds
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The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is:
Free trade area - FTA
European community - EC
General agreement on tariffs and trade - GATT
The North American free trade agreement - NAFTA
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Entrepreneurial success has been significant because of the culture and the political and economic systems in –––––...
Asian countries
Eu ropean countries
Transition economies
Middle East
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The transitional disturbance and lack of reform has led to boom black market in:
China
Hungary
Singapore
Poland
?
Which of the following factors has allowed small companies to act like they are big ones?
Customers
Competition
Economic development
Technology
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Gazelles are the firms with:
High growth rate
M moderate growth rate
Zero% growth rate
Low growth r
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Professional support network includes following EXCEPT:
Personal affiliations
Mentor
Friends
Trade associations
?
The period in which the money person entered into a contract with the go-between to sell his goods is known as
Middle ages
18th century
17th century
Earliest period
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Which one of the Following is not the way by which an entrepreneur can enter into international business?
Export
Non equity arrangements
Direct foreign investment
Communication
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______________ viewed the entrepreneur as a risk taker who "buy(s) at an uncertain price, therefore operating at a risk".
Eli Whitney
Edward hariman
Richard cantillon
Thomas Edison
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Female entrepreneurs differ from male entrepreneurs in terms of all of the following EXCEPT:
Motivation
business skills
Departure point
Goal orientation
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An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this...
Supplier
Retailer
Competition
Government bureau
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Which of the following factors does not affect a person for being an entrepreneur?
Gender
Education
Family background
values
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Which of the following factors does not affect a person for being an entrepreneur?
Work history
Nationality
Education
Personal values
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The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example o...
Economic development
Balance of payment
Barter system
International trade
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Which one of the following is NOT a condition of a contract?
An offer is made
Consideration is given
An acceptance of offer
Contract must be illegal
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Government can help in forming new venture by providing:
Finance
Technology
Infrastructure
Subsidiaries
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A contract must be signed by:
At least one party
Both the parties
Not necessary to sign
By third party
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Which of the following areas are preferred by women entrepreneurs?
Administration
Organization
Utilities
Manufacturing
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A typical inventor is usually ______________.
Highly creative & in love with the invention
Does not encourage change
Willing to modify the invention
Not enthusiastic
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Which one of the following is the fourth step in the entrepreneurial process?
Developing successful business ideas
Initiating New rules
Deciding to become an entrepreneur
Growing the entrepreneurial firm
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The commitment of administrative domain to the resources is for:
Periodic intervals
Total amount needed
For certain tasks
For long time
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Developing a new idea through inquiry and testing is called:
Forced relationship
Heuristics
Scientific method
Value analysis
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Which of the following is not a source of idea generation?
Consumers
Federal government
Brain storming
Training
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Which of the following cannot be covered under the copyright protection?
Computer software
Poems and songs
Computer hardware
Models and sculpture
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An individual who initiates, creates and manages a new business can be called ______________.
A leader
A manager
A professional
An entrepreneur
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Intellectual Property laws can protect ______________.
Trademarks.
Copyright.
Patents.
All the above.
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A new venture’s business plan is important because ______________.
It helps to persuade others to commit funding to the venture.
Can help demonstrate the viability of the venture.
Provides a guide for business activities by defining objectives.
All the above.
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Which of the following are described as one of the Big Five personality traits?
tolerance of others.
need for achievement.
propensity to leadership.
locus of control.
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Someone legally appointed to resolve the financial difficulties of an insolvent firm is called ______________.
an administrator.
a predator.
an auditor.
a turnaround consultant.
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IFCI stands for ______________.
Industrial finance corporation of India.
Institutional finance corporation of India.
Industrial funding corporation of India.
Indian finance corporation and institution.
?
SIPCOT’s financial assistance is in the form of ______________.
term loan.
seed capital scheme.
underwriting the capital issues.
All of the above.
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EDPs course contents contains ______________.
General introduction to entrepreneurs.
Motivation training.
Managerial skills.
All the above.
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______________ is a form of financing especially for funding high technology, high risk and perceived high reward projects
Fixed capital.
Current capital.
Seed capital.
Venture capital.
?
______________ is primarily concerned with the identification of the project demand potential and the selection of the optimal technology.
Techno-economic analysis.
Feasibility analysis.
Input analysis.
Financial analysis.
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EST stands for ______________.
Earliest Start Time.
Event Start Time.
Effective Start Time.
Essential Start Time.
?
______________ may be defined as the excess of present value of project cash inflows over that of out flows.
Net present value technique.
Average rate of return.
Benefit-Cost ratio.
Internal rate of return
?
______________ implies the availability or otherwise of plant and machinery and technical know how to produce the product.
Economic viability.
Financial feasibility.
Technical feasibility.
Managerial competence
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Which of the list below does not form Intellectual Property?
Trade marks.
Patents.
Tangible assets.
Copyright.
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Idea of new product is tested in potential consumers to determine consumer acceptance at ______________ stage.
Concept.
Product development.
Test marketing.
Commercialization.
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Strategic entrepreneurial marketing has been summarised as the 4Is, identification of target markets, interactive marketing methods, informal intellig...
independence.
instructiveness.
innovation.
internet.
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LOB stands for______________.
Line of Business.
Line of Balance.
Loss of Business.
Loss of Balance
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Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ______________.
Programmed decisions.
Non - programmed decisions.
Routine decisions.
Strategic decisions.
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When a firm enters into some business which is related with its present business in terms of technology, marketing or both it is called as ___________...
conglomerate diversification.
horizontal integration.
vertical integration.
concentric integration.
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EXIM bank is a ______________.
State-level institution.
Regional - level institution.
All India institution.
International institution.
?
The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ______________.
IPR 1940.
IPR 1948.
IPR 1956.
IPR 1977.
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Under-capitalization arises due to ______________.
excess of assets over the liabilities.
excess of liabilities over the assets.
actual capitalization is higher than the proper capitalization.
actual capitalization is lower than the proper capitalization.
?
A public corporation means ______________.
public company.
government company.
statutory corporation.
department of union government
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A project, which may not add to the existing profits, should be financed by ______________
debentures.
preference share capital.
equity capital.
public deposits.
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The charter of a company is its ______________.
prospectus.
statement lieu of prospectus.
memorandum of association.
articles of association.
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As a new company grows, the entrepreneur will need to ______________.
be responsive to changes in the market.
ensure financial controls are maintained.
build a management team.
all the above.
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The minimum amount of __________ irrespective of such private participation,could be specified at a minimum 17.5 per cent of project costs by lending ...
bank loans
promotors contribution
fixed capital
working capital
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The content of the final report typically includes the following topics ______________.
Executive summary
review and analysis
recommendations
If all the above are correct.
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____________ describes the direction, the enterprise is going in, what its goals are, where it wants to be,and how it is going to get there.
project report
technical analysis
market analysis
financial analysis
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Someone who improves an existing business can be called ______________.
A changeling.
A professional.
A co-worker.
An intrapreneur.
?
The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.
Young Enterprise.
Youth venture.
Young Business.
Young Initiative.
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Innovation can best be defined as ______________.
the successful exploitation of new ideas.
the evolution of new ideas.
the opposite of creativity.
the generation of new ideas.
?
Which of the following statements is false?
Market segmentation is a useful process for small businesses to undertake.
Selling is essentially a matching process.
A benefit is the value of a product feature to a customer.
It is a good idea for small businesses to compete solely on price.
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To provide financial assistance to entrepreneurs the government has set up a number of ______________.
financial advisors.
financial intermediaries.
Industrial estates.
financial institutions.
?
IFCI has been converted into a ______________.
joint stock company.
co-operative society.
partnership firm.
sole proprietorship.
?
TIIC is sponsored by the ______________.
Government of Karnataka.
Government of Andhra Pradesh.
Government of Kerala.
Government of Tamil Nadu.
?
______________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time
Idea generation.
Opportunity Scanning.
Strategy
Project.
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The term ______________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units
Incentive.
Subsidy.
Concession
Bounty.
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______________ is a graphical representation of the various activity and event relating to a project.
Network analysis.
Scheduling technique.
Logical Model.
Network Diagram
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______________ is an event-oriented approach.
CPM.
GERT.
WASP.
PERT.
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Additional time which a non-critical activity can consume without increasing the project duration is called ______________.
Total Float.
Free Float
Independent Float.
Dependent Float
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Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as _____________...
Organizational decisions.
Personal decisions.
Routine decisions.
Strategic decisions.
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______________ is granted to small scale units under section 33B of the Income tax act, 1961.
Depreciation Allowance.
Development Debate.
Investment Allowance.
Rehabilitation Allowance.
?
National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in ______________.
January 1920.
August 1920.
January 1972.
August 1972.
?
What is the role of a Business Ange?
To provide small business advice.
To provide capital for business development in exchange for a stake in the Business ownership.
To set up a franchise business.
To assist an entrepreneur to open a lifestyle business.
?
New entrepreneurs entering the field of medium industry for the first time can have market studies with the subsidiary of ______________.
75% of the cost or Rs.15000 whichever is less.
75% of the cost or Rs.15000 whichever is high
50% of the cost or Rs.15000 whichever is less.
50% of the cost or Rs.15000 whichever is high
?
The type of diversification in which the company adds complementary to the existing product or service line is ______________.
conglomerate diversification.
horizontal integration.
vertical integration.
concentric integration.
?
District Industries Centres are located ______________.
in each district.
in each state.
only in selected districts.
only in selected states.
?
Institutional agencies grant financial assistance to small scale industries for ______________.
participation in equity capital only.
acquisition of fixed assets.
working capital assistance.
all of the above.
?
The expenses incurred on the setting up of the enterprise are called as ______________.
Cost of financing.
Cost of promotion.
Cost of fixed assets.
Cost of current assets.
?
Which of the following leads to under-capitalization?
raising of more money by issue of shares.
acquiring fixed assets on excessive amounts.
over-estimation of earnings for enterprise.
under-estimation of initial rate of earnings.
?
The term Capitalization is used in relation to ______________.
sole-proprietorship.
Partnership.
joint stock companies.
co-operative societies
?
O & M refers to ______________
overall efficiency of business.
efficiency of office and administrative work.
office work measurement.
office and management study.
?
Which of the following is a characteristic typical of ______________? Most entrepreneurs
Choose high risk ventures.
Choose low risk ventures.
Choose moderate (or calculated) risk ventures.
Choose no risk ventures.
?
Entrepreneurship can best be described as ______________.
a process that requires setting up a business.
taking a significant risk in a business context.
having a strong vision.
a process involving innovation, new products or services, and value creation.
?
Project management is ideally suited for a business environment requiring all of the following except ______________.
Flexibility
Innovation
speed
Repetability
?
what are the components of then project report ______________.
requirement of funds
location
manpower
all the above
?
Today, many companies are using managerial techniques that are designed to encourage ______________.
Ethical behavior
legal compliances
increasing profits
shareholders value
?
Which could provide an individual with the motivation to start a new business venture?
The financial rewards.
A desire to be independent.
Risk taking
All the above.
?
Which of the following is the reason for business failure ______________.
Lack of market research.
Poor financial control.
Poor management.
All the above.