281. Which of the following factors does the macro-environme
A. political and regulatory factors.
B. customer needs in a given market.
C. social and demographic factors.
D. technological changes
Answer
B. customer needs in a given market.
282. designed to produce numerous ideas in a short period
A. Synectics
B. Delphi technique
C. Brain storming
D. Nominal group technique
Answer
C. Brain storming
283. 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
A. project report
B. technical anlaysis
C. market analysis
D. financial analysis
Answer
A. project report
284. The oldest form of business organization is.
A. Partnership.
B. sole proprietorship
C. joint stock company
D. co-operative undertaking.
Answer
B. sole proprietorship
285. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as
A. A cooperative.
B. A franchise
C. An owner-manager business
D. A limited company
Answer
B. A franchise
286. The ‘T’ in a PESTLE analysis refers to.
A. Time
B. Technology
C. Training
D. Talent
Answer
B. Technology
287. Which of the following is the reason for business failure
A. Lack of market research.
B. Poor financial control.
C. Poor management.
D. All the above
Answer
D. All the above
288. kunkel proposed the theory of
A. social behaviour
B. consumer behaviour
C. cognitive response
D. X-efficiency
Answer
A. social behaviour
289. adopting any change.
A. fabian
B. adoptive
C. innovative
D. drone
Answer
A. fabian
290. operate in their traditional way and resist changes
A. innovative
B. fabian
C. drone
D. adoptive
Answer
C. drone
291. Which of the following factors should not be included in PESTLE analysis?
A. Government re-cycling policy
B. Proposed reduction in
C. Competitor activity.
D. Demographic changes.
Answer
C. Competitor activity.
292. A new venture’s business plan is important because.
A. It helps to persuade others to commit funding to the
B. Can help demonstrate the
C. Provides a guide for business activities by
D. All the above.
Answer
D. All the above.
293. Promoter is a person who.
A. takes part in the incorporation of a
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
294. The process of preparing an inventory of skills needed for effective implementation of the project is called as
A. Economic viability
B. Financial feasibility.
C. Technical feasibility
D. Managerial competence.
Answer
D. Managerial competence.
295. Memorandum of association of a firm contains
A. rules regarding the internal management of the
B. rules regarding the constitution and
C. rules regarding the external management
D. rules regarding the constitution
Answer
B. rules regarding the constitution and
296. corporate social responsibility leads to
A. long run survival of bussines
B. improvement in public image
C. helps in avoiding government interferance
D. all of these
Answer
D. all of these
297. EDP stands for
A. Entrepreneurship development programme
B. Entrepreneurship development
C. Entrepreneurship demand plan
D. none of these
Answer
A. Entrepreneurship development programme
298. Why are small businesses important to a country’s economy?
A. They give an outlet for entrepreneurs
B. They can provide specialist support
C. They can be innovators of new products.
D. All the above.
Answer
D. All the above.
299. Which of the following factors does the macro-environment not include?
A. political and regulatory factors.
B. customer needs in a given market.
C. social and demographic factors.
D. technological changes
Answer
B. customer needs in a given market.
300. produce numerous ideas in a short period
A. Synectics
B. Delphi technique
C. Brain storming
D. technique
Answer
C. Brain storming
301. describes the direction, the enterprise is going in, what its goals are, where it wants to be,and how it is
A. project report
B. technical anlaysis
C. market analysis
D. financial analysis
Answer
A. project report
302. A business arrangement where one party allows another party to use a business Name and sell its products or services is known
A. A cooperative.
B. A franchise
C. An owner-manager business
D. A limited company
Answer
B. A franchise
303. Innovation can best be defined as ___
A. the generation of new ideas.
B. the evolution of new ideas.
C. the opposite of creativity.
D. the successful exploitation of new ideas.
Answer
A. the generation of new ideas.
304. Which of these statements best describes the context for entrepreneurship?
A. Entrepreneurship takes place in small businesses.
B. Entrepreneurship takes place in large businesses.
C. Entrepreneurship takes place in a wide variety of contexts.
D. Entrepreneurship does not take place in social enterprises.
Answer
C. Entrepreneurship takes place in a wide variety of contexts.
305. Entrepreneurship can best be described as ___
A. a process that requires setting up a business.
B. taking a significant risk in a business context.
C. having a strong vision.
D. a process involving innovation, new products or services, and value creation.
Answer
D. a process involving innovation, new products or services, and value creation.
306. Entrepreneurial development is the key to achieve all-round ___ through acceleration of industrial and entrepreneurial activities.
A. economic development
B. increase in profits
C. shareholders value
D. business development
Answer
A. economic development
307. According to sociological approach, entrepreneurship
A. Process of sensitivity
B. Process of role performance
C. Process of economic change
D. All of these
Answer
B. Process of role performance
308. Which of the following attitudes Is not generally associated with successfulentrepreneurship :
A. Competition and co-operation
B. Desire to influence others
C. Innovation and product improvement
D. Status quo in business
Answer
D. Status quo in business
309. The function of entrepreneur are:
A. To imagine a business idea
B. To study project feasibility
C. To setup enterprise
D. All the above
Answer
D. All the above
310. Which of the following sentence is not a characteristic of entrepreneurship:
A. Risk taking
B. Innovation
C. Creative activity
D. Managerial training
Answer
D. Managerial training
311. An entrepreneur is:
A. Born
B. Made
C. Bom and made both
D. All of these
Answer
D. All of these
312. Which of the following sentence is inconsistent in the context of entrepreneur:
A. He is owner of the business
B. He is risk taker
C. He operates production activities
D. He searches out business opportunities
Answer
C. He operates production activities
313. Maslow’s Hierarchy of needs theory is governed by the fact that:
A. People are universally motivated by needs
B. People are socially motivated by needs
C. People are politically motivated by needs
D. None of the above
Answer
C. People are politically motivated by needs
314. In under developed countries, local mobile phone companies use the same technology used by big companies to manufacture their products. Which of the following type of Entrepreneurs is highlighted above:
A. Trading Entrepreneurs
B. Imitative Entrepreneurs
C. First generation Entrepreneurs
D. Innovative Entrepreneurs
Answer
B. Imitative Entrepreneurs
315. All but which of the following is considered to be a myth associated with entrepreneurship?
A. Successful entrepreneurs are born not made
B. First ventures are always successful
C. All entrepreneurs must willingly invest significant sums of money
D. Successful entrepreneurs must have a break-through invention
Answer
D. Successful entrepreneurs must have a break-through invention
316. Entrepreneurial culture and growth orientation consists of all of the following except:
A. Encouraging employees to generate ideas
B. Focusing on opportunities.
C. The desire to grow at a slow and controlled pace.
D. Being creative.
Answer
C. The desire to grow at a slow and controlled pace.
317. Intrapreneurship often takes the form of
A. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
B. A spinout venture from a university to commercial a new invention.
C. A subsidiary of a large corporation developing a new product.
D. A semi-autonomous group operating outside the overarching structure of the parent organization.
Answer
A. A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
318. A ___ is a professional money manager who makes risk investment from apool of equity capital to obtain a high rate of return on investments.
A. venture capitalist
B. entrepreneur
C. businessman
D. buyer
Answer
A. venture capitalist
319. A business plan is important for all of the following reasons EXCEPT:
A. a business plan forces a firm’s founders to systematically think through each aspect of their new venture.
B. a business plan provides lenders and investors assurance that they will earn a decent return.
C. a business plan provides an investor with something to react to.
D. a business plan is a selling document that enables a company to present itself to potential suppliers and business partners.
Answer
B. a business plan provides lenders and investors assurance that they will earn a decent return.
320. 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
C. Provides a guide for business activities by defining objectives.
