Entrepreneurship and Small Business Management mcq set 7

241. The discount rate must be determined in advance for the :
A. Payback period.
B. Time adjusted rate of return method.
C. IRR
D. NPV method

Answer

D. NPV method

242. For discounted cash flow methods, the discount rate used is:
A. Fixed arbitrarily
B. Equivalent to bank rate.
C. Equivalent to firm’s average cost of capital.
D. Equivalent to final rate of dividend. 1

Answer

C. Equivalent to firm’s average cost of capital.

244. In independent projects, accept a project if it’s NPV is ___
A. higher
B. lower
C. negative
D. positive

Answer

D. positive

245. Under Net Terminal Value Method, reject a project if it’s NTV is ___
A. higher
B. lower
C. negative
D. positive

Answer

C. negative

246. Accept a project if it’s IRR is ___ when compared to desired minimum
A. higher
B. lower
C. negative
D. positive

Answer

A. higher

247. Department of industries and commerce formulated a scheme to set up ___ To inculcate entrepreneurial culture amongst youth.
A. ED clubs
B. youth clubs
C. lion clubs
D. none

Answer

A. ED clubs

248. The scheme of ED Clubs will be implemented by ___
A. Business incubators.
B. Industrial estates.
C. DIC.
D. None of these.

Answer

C. DIC.

250. Technology developed within a country is called ___
A. Technology licensing.
B. Purchase of technology.
C. Joint venture.
D. Indigenous technology

Answer

D. Indigenous technology

251. Line layout is also called ___
A. Process layout.
B. Combined layout.
C. Stationary layout.
D. product layout

Answer

D. product layout

254. ___ skill helps an entrepreneur to establish an enterprise.
A. communication
B. decision-making
C. project development
D. management

Answer

C. project development

255. which of these is not a criteria for choosing right incubator.
A. success rates
B. quality
C. site
D. space

Answer

C. site

256. ___ is made up of a core group of highly specialized firms the same industry.
A. ED clubs
B. Business clubs
C. chamber of commerce
D. Business Clusters

Answer

D. Business Clusters

257. The slogan “innovate or evaporate” was given by ___
A. Robert Owen
B. Joseph Schumpeter
C. Richard Cantillon
D. Philip Kotler

Answer

D. Philip Kotler

259. Crashing is applicable in ___
A. PERT
B. CPM
C. MAP
D. LOB

Answer

B. CPM

260. Intrapreneurship is also known as
A. innovative entreprenurship
B. coorporate entreprenurship
C. women entreprenurship
D. none of these

Answer

B. coorporate entreprenurship

261. entreprenure adopt the successfull inovations
A. innovative
B. Adoptive
C. fabian
D. drone

Answer

B. Adoptive

262. entreprenure are very cautious and sceptical in adopting any change.
A. fabian
B. adoptive
C. innovative
D. drone

Answer

A. fabian

263. entreprenure are laggards as they continue to operate in their traditional way and resist changes
A. innovative
B. fabian
C. drone
D. adoptive

Answer

C. drone

264. Entrepreneruial skills includes
A. creative problem solving
B. persuading
C. negotiation
D. all of these

Answer

D. all of these

265. As per McCLELLAND’ s psychyological theory suggest the most important characteristics for an entrepenure is
A. need for power
B. need for affiliation
C. need for achivement
D. need for copration

Answer

C. need for achivement

266. Need hierarchy thoery ig given by
A. McClelland
B. herzgerg
C. maslow
D. J.S.mill

Answer

C. maslow

267. Joseph schumpeter describe entrepenure as
A. risk taker
B. energetic
C. innovators
D. information seeking

Answer

C. innovators

268. Basic problems of women entrepreneure in india
A. lack of education skill
B. male dominating society
C. lack of financial strength
D. all of these

Answer

D. all of these

269. Which of the following factors should not be included in P
A. E Government re-cyclingpolicy
B. Proposed reduction in interest rates
C. Competitor activity.
D. Demographic changes.

Answer

C. Competitor activity.

270. A new venture’s business plan is important because
A. It helps to persuade others to commit funding to the venture.
B. Can help demonstrate the viability of the venture.
C. Provides a guide for business activities by defining objectives.
D. All the above.

Answer

D. All the above.

271. Promoter is a person who.
A. takes part in the incorporation of a company.
B. is a director
C. is a relative of the managing director
D. works to publicity to the company

Answer

A. takes part in the incorporation of a company.

272. The process of preparing an inventory of skills needed for
A. Economic viability
B. Financial feasibility.
C. Technical feasibility
D. Managerial competence.

Answer

D. Managerial competence.

273. Memorandum of association of a firm contains
A. rules regarding the internal management of the company
B. rules regarding the constitution and activities of the company.
C. rules regarding the external management
D. rules regarding the constitution

Answer

B. rules regarding the constitution and activities of the company.

274. discretionary responsibilities relates to
A. philanthropy
B. ethical responsibity
C. legal responsibilities
D. economic responsibilities

Answer

A. philanthropy

275. legal responsibilities relates to
A. just and fair practicies
B. obey the laws of land
C. attain economic goals
D. do good to others

Answer

B. obey the laws of land

276. corporate social responsibility leads to
A. long run survival of bussines
B. improvement in public image
C. helps in avoiding governmentinterferance
D. all of these

Answer

D. all of these

277. EDP stands for
A. Entrepreneurship development programme
B. Entrepreneurship development policy
C. Entrepreneurship demand plan
D. none of these

Answer

A. Entrepreneurship development programme

278. Entrepreneruial behavious includes
A. solving problems
B. taking initiative
C. taking responsibility
D. all of these

Answer

D. all of these

279. the entreneurial growth in india gain momentum after the launch of economic planning in
A. 1872
B. 1772
C. 1952
D. 1978

Answer

C. 1952

280. Why are small businesses important to a country’s econo
A. m They give an outlet for entrepreneurs
B. They can provide specialist support to larger companies.
C. They can be innovators of new products.
D. All the above.

Answer

D. All the above.

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