YOUTUBE: SURAJ PATEL EDUCATION
Entrepreneurship Development
Part 2 Link Click Here
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1) Which of the following shows the process of creatng something new?
a) Business model
b) Modeling
c) Creative fexibility
d) Innovation
Ans:- d) Innovation
2) Which one of the following gives suggestons for new product and also help to market new products?
a) Existing products and services
b) Federal government
c) Distribution Channels
d) Consumers
Ans:- c) Distribution Channels
3) Which of the following is used by entrepreneurs to acquire experience in an internatonal market before making a major commitment?
a) Merger
b) Minority Interest
c) Joint venture
d) Majority interest
Ans:- b) Minority Interest
4) GATT is established in 1947, under:
a) German leadership
b) U.S. leadership
c) French leadership
d) U.K. leadership
Ans:- b) U.S. leadership
5) The entrepreneur was distnguished from capital provider in:
a) Middle ages
b) 17 century
c) 18 century
d) 19 and 20 century
Ans:- c) 18 century
6) A person who managed large project was termed as the entrepreneur in the _________.
a) Earliest period
b) Middle ages
c) 17 century
d) 19 and 20 century
Ans:- d) 19 and 20 century
7) What is the process by which individuals pursue opportunites without regard to resources they currently control?
a) Startup management
b) Entrepreneurship
c) Financial analysis
d) Feasibility planning
Ans:- b) Entrepreneurship
8) Having less than 50 percent of equity share in an internatonal venture is called:
a) Joint Venture
b) Majority interest
c) Minority interest
d) Exporting
Ans:- c) Minority interest
9) Having more than 50% ownership positon that provides the entrepreneur with Managerial control is called:
a) Joint venture
b) Majority interest
c) Horizontal merger
c) Diversifed activity merger
Ans:- b) Majority interest
10) Which one of the following is the process of entrepreneurs developing new products that over tme make current products obsolete?
a) New business model
b) Anatomization
c) None of the given options
d) Creative destruction
Ans:- d) Creative destruction
11) Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productvity?
a) Entrepreneurship
b) Hyper competition
c) Governmental laws
d) Organizational culture
Ans:- b) Hyper competition
12) Which of the following is alternatvely called corporate venturing?
a) Entrepreneurship
b) Intrapreneurship
c) Act of stating a new venture
d) Offering new products by an existing company
Ans:- b) Intrapreneurship
13) Individuals influencing an entrepreneur’s career choice and style are known as which of the following?
a) Moral-support network
b) Role model
c) Professional support network
d) Support system
Ans:- b) Role model
14) The actvity which occurs when the new venture is started is called:
a) Motivation
b) Business skills
c) Departure point
d) Goal orientation
Ans:- c) Departure point
15) The level at which an individual is viewed by society is called:
a) Financial status
b) Qualifcation
c) Social status
d) Achievement
Ans:- c) Social status
16) Which one of the following is an important source of idea generaton due to their familiarity with the needs of market?
a) Existing products and services
b) Distribution channels
c) Federal government
d) Consumers
Ans:- b) Distribution channels
17) Members of distributon channels are excellent sources for new ideas because:
a) They earn a handsome proft from new business
b) They are familiar with the needs of the market
c) They do not bother if entrepreneur bears a loss
d) They have well-developed sales force
Ans:- b) They are familiar with the needs of the market
18) Which one of the following is the most important characteristc of a successful business website?
a) Innovation
b) Speed
c) Graphics
d) Products
Ans:- b) Speed
19) Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?
a) Idea Stage
b) Product Planning Stage
c) Product Development Stage
d) Test Marketing Stage
Ans:- c) Product Development Stage
20) SBA stands for:
a) Small business accountants
b) Small business administration
c) Small business adequacy
d) Small business advisors
Ans:- b) Small business administration
21) Why should an entrepreneur do a feasibility study for startng a new venture
a) To identify possible sources of funds
b) To see if there are possible barriers to success
c) To estimate the expected sales
d) To explore potential customers
Ans:- b) To see if there are possible barriers to success
22) Informaton regarding all of the following is related to operatons, EXCEPT:
a) Location
b) Promotion
c) Raw materials
d) Labor skills
Ans:- c) Raw materials
23) A performance and credit ratng scheme has been launched by the MSME Ministry to assess creditworthiness and capabilites of industries in the sector. What is it called?
(a) Performance and Credit Rating Scheme
(b) Zero Defect Zero Effect Certifcation
(c) Performance and Economy Rating Scheme
(d) None of the above
Ans:- a) Performance and Credit Rating Scheme
24) A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006):
(a) Rs. 15 Lakh
(b) Rs. 20 Lakh
(c) Rs. 25 Lakh
(d) Rs. 30 Lakh
Ans:- c) Rs. 25 Lakh
25) EDP (Entrepreneurship Development Programmes) is required to help:
(a) Existing entrepreneurs
(b) First generation entrepreneurs
(c) Future generations entrepreneurs
(d) None of the above
Ans:- b) First generation entrepreneurs
26) A corporate manager who starts a new initatve for their company which entails setngup a new distinct business unit and board of directors can be regarded as?
(a) Ecopreneur
(b) Technopreneur
(c) Intrapreneur
(d) Social Entrepreneur
Ans:- c) Intrapreneur
27) A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise:
(a) 35 per cent
(b) 51 per cent
(c) 25 per cent
(d) None of the above
Ans:- c) 25 per cent
28) Family business always interested to handover the change of his business to:
(a) Indian Administration Officers
(b) Professional Managers
(c) Next generation
(d) None of the above
Ans:- c) Next generation
29) A corporate manager who starts a new initatve for their company which entails setngup a new distnct business unit and board of directors can be regarded as?
(a) Ecopreneur
(b) Technopreneur
(c) Intrapreneur
(d) Social Entrepreneur
Ans:- c) Intrapreneur
30) Venture capital is concerned with:
(a) New project having potential for higher proft
(b) New project of high technology
(c) New project having high risk
(d) All the above.
Ans:- a) New project having potential for higher proft
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