Online MCQ Assignment Answer
QN1: Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
a. Need for independence
b. Need for achievement
c. Need for affiliation
d. Need for authority
Answer
Answer: b. Need for achievement
QN2: Andrew Carnegie is an example of entrepreneur of which century:
a. Earliest period
b. 19th and 20th century
c. Middle ages
d. 17th century
Answer
Answer: b. 19th and 20th century
QN3: Which of the following is alternatively called corporate venturing?
a. Intrapreneurship
b. Entrepreneurship
c. Act of stating a new venture
d. Offering new products by an existing company
Answer
Answer: a. Intrapreneurship
QN4: Which of the following factors has allowed small companies to act like they are big ones?
a. Customers
b. Competition
c. Economic development
d. Technology
Answer
Answer: d. Technology
QN5: -Gazelles are the firms with:
a. High growth rate`
b. M moderate growth rate
c. Zero% growth rate
d. Low growth r
Answer
Answer: a. High growth rate`
QN6: Female entrepreneurs differ from male entrepreneurs in terms of all of the following EXCEPT:
a. Motivation
b. business skills
c. Departure point
d. Goal orientation
Answer
Answer: a. Motivation
QN7: Foundation companies are formed from:
a. Fashion
b. Research and development
c. Most popular business
d. winding up company
Answer
Answer: b. Research and development
QN8: Following are the types of non equity arrangements EXCEPT:
a. Licensing
b. Turnkey project
c. Direct export
d. Management contracts
Answer
Answer: c. Direct export
QN9: Which of the following areas are preferred by women entrepreneurs?
a. Administration
b. organization
c. Utilities
d. Manufacturing
Answer
Answer: a. Administration
QN10: Which of the following factors does not affect a person for being an entrepreneur?
a. Gender
b. Education
c. Family background
d. values
Answer
Answer: a. Gender
QN11: Which one of the following is the fourth step in the entrepreneurial process?
a. Developing successful business ideas
b. Initiating New rules
c. Deciding to become an entrepreneur
d. Growing the entrepreneurial firm
Answer
Answer: d. Growing the entrepreneurial firm
QN12: The activity which occurs when the new venture is started are called:
a. Business skills
b. Motivation
c. Departure point
d. Goal orientation
Answer
Answer: c. Departure point
QN13: Government can help in forming new venture by providing:
a. finance
b. technology
c. infrastructure
d. funds
Answer
Answer: c. infrastructure
QN14: Professional support network includes following EXCEPT:
a. Personal affiliations
b. Mentor
c. Friends
d. Trade associations
Answer
Answer: c. Friends
QN15: -All of the following are the broad categories of External forces EXCEPT:
a. Economic forces
b. Socioeconomic forces
c. Technological forces
d. Competitive forces
Answer
Answer: b. Socioeconomic forces
QN16: 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 information?
a. Supplier
b. Retailer
c. Competition
d. Government bureau
Answer
Answer: b. Retailer
QN17: Which of the following cannot be covered under the copyright protection?
a. Computer software
b. Poems and songs
c. Computer hardware
d. Models and sculpture
Answer
Answer: d. Models and sculpture
QN18: The business plan should be prepared by:
a. Entrepreneurs
b. Consultants
c. Engineers
d. Small business administration services
Answer
Answer: a. Entrepreneurs
QN19: The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is:
a. Free trade area – FTA
b. European community – EC
c. General agreement on tariffs and trade – GATT
d. The North American free trade agreement – NAFTA
Answer
Answer: c. General agreement on tariffs and trade – GATT
QN20: The period in which the money person entered into a contract with the go-between to sell his goods is known as
a. Middle ages
b. 18th century
c. 17th century
d. Earliest period
Answer
Answer: d. Earliest period
QN21: —viewed the entrepreneur as a risk taker who “buy(s) at an uncertain price, therefore operating at a risk”.
a. Eli Whitney
b. Edward hariman
c. Richard cantillon
d. Thomas Edison
Answer
Answer: c. Richard cantillon
QN22: A— is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.
a. venture capitalist
b. entrepreneur
c. businessman
d. buyer
Answer
Answer: a. venture capitalist
QN23: What is the primary concern of founders who trade equity for capital for their growing venture?
a. Capitalization
b. Control
c. Valuation
d. Investor capabilities
Answer
Answer: b. Control
QN24: The commitment of administrative domain to the resources is for:
a. Periodic intervals
b. Total amount needed
c. For certain tasks
d. For long time
Answer
Answer: b. Total amount needed
QN25: External forces directly affect all of the following EXCEPT:
a. Market segmentation strategies
b. Types of products/services offered
c. Management structure of organization
d. Choice of businesses to acquire or sell
Answer
Answer: c. Management structure of organization
QN26: 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 of:
a. Economic development
b. Balance of payment
c. Barter system
d. International trade
Answer
Answer: c. Barter system
QN27: Which one of the following is NOT a condition of a contract?
a. An offer is made
b. Consideration is given
c. An acceptance of offer
d. Contract must be illegal
Answer
Answer: d. Contract must be illegal
QN28: Developing a new idea through inquiry and testing is called:
a. Forced relationship
b. Heuristics
c. Scientific method
d. Value analysis
Answer
Answer: c. Scientific method
QN29: Entrepreneurial success has been significant because of the culture and the political and economic systems in ___.
a. Asian countries
b. European countries
c. Transition economies
d. Middle East
Answer
Answer: a. Asian countries
QN30: Members of distribution channels are excellent sources for new ideas because:
a. They are familiar with the needs of the market
b. They earn a handsome profit from new business
c. They do not bother if entrepreneur bears a loss
d. They have well-developed sales force
Answer
Answer: a. They are familiar with the needs of the market
QN31: The importance of intellectual property should be understood by entrepreneur even before:
a. Hiring a manager
b. Engaging an attorney
c. Developing a product
d. Establishing new venture
Answer
Answer: b. Engaging an attorney
QN32: Which one of the Following is not the way by which an entrepreneur can enter into international business?
a. Export
b. Non equity arrangements
c. Direct foreign investment
d. Communication
Answer
Answer: d. Communication
QN33: A typical inventor is usually ___.
a. Highly creative & in love with the invention
b. Does not encourage change
c. Willing to modify the invention
d. Not enthusiastic
Answer
Answer: a. Highly creative & in love with the invention
QN34: A contract must be signed by:
a. At least one party
b. Both the parties
c. Not necessary to sign
d. By third party
Answer
Answer: b. Both the parties
QN35: A patent is granted for a specified amount of time because of the assumption:
a. That during this time firm will cover its development costs
b. That firm will earn a sufficient profit during this period
c. To limit the monopoly of the firm
d. That it will stimulate idea and development of a better product
Answer
Answer: c. To limit the monopoly of the firm
QN36: Which of the following is not a source of idea generation?
a. Consumers
b. Federal government
c. Brain storming
d. training
Answer
Answer: b. Federal government
QN37: Which of the following geographical area is having least interest to U.S. entrepreneurs?
a. Europe
b. The Far East
c. Central Asia
d. Transition economies
Answer
Answer: c. Central Asia
QN38: Government can help in forming new venture by providing:
a. Finance
b. Technology
c. Infrastructure
d. Subsidiaries
Answer
Answer: c. Infrastructure
QN39: Which of the following factors does not affect a person for being an entrepreneur?
a. Work history
b. Nationality
c. Education
d. Personal values
Answer
Answer: b. Nationality
QN40: The transitional disturbance and lack of reform has led to boom black market in:
a. China
b. Hungary
c. Singapore
d. Poland
Answer
Answer: d. Poland
