Entrepreneurship Management Online MCQ Set 2

QN01. An individual who initiates, creates and manages a new business can be called ______________.

  1. A leader
  2. A manager
  3. A professional
  4. An entrepreneur
Answer

(D)An entrepreneur

QN02. Intellectual Property laws can protect ______________.

  1. Trademarks.
  2. Copyright.
  3. Patents.
  4. All the above.
Answer

(D)All the above.

QN03. A new venture's business plan is important because ______________.

  1. It helps to persuade others to commit funding to the venture.
  2. Can help demonstrate the viability of the venture.
  3. Provides a guide for business activities by defining objectives.
  4. All the above.
Answer

(D)All the above.

QN04. Which of the following are described as one of the Big Five personality traits?

  1. tolerance of others.
  2. need for achievement.
  3. propensity to leadership.
  4. locus of control.
Answer

(B)need for achievement.

QN05. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called ______________.

  1. an administrator.
  2. a predator.
  3. an auditor.
  4. a turnaround consultant.
Answer

(A)an administrator.

QN06. IFCI stands for ______________.

  1. Industrial finance corporation of India.
  2. Institutional finance corporation of India.
  3. Industrial funding corporation of India.
  4. Indian finance corporation and institution.
Answer

(A)Industrial finance corporation of India.

QN07. SIPCOT's financial assistance is in the form of ______________.

  1. term loan.
  2. seed capital scheme.
  3. underwriting the capital issues.
  4. All of the above.
Answer

(D)All of the above.

QN08. EDPs course contents contains ______________.

  1. General introduction to entrepreneurs.
  2. Motivation training.
  3. Managerial skills.
  4. All the above.
Answer

(D)All the above.

QN09. ______________ is a form of financing especially for funding high technology, high risk and perceived high reward projects

  1. Fixed capital.
  2. Current capital.
  3. Seed capital.
  4. Venture capital.
Answer

(D)Venture capital.

QN10. ______________ is primarily concerned with the identification of the project demand potential and the selection of the optimal technology.

  1. Techno-economic analysis.
  2. Feasibility analysis.
  3. Input analysis.
  4. Financial analysis.
Answer

(A)Techno-economic analysis.

QN11. EST stands for ______________.

  1. Earliest Start Time.
  2. Event Start Time.
  3. Effective Start Time.
  4. Essential Start Time.
Answer

(A)Earliest Start Time.

QN12. ______________ may be defined as the excess of present value of project cash inflows over that of out flows.

  1. Net present value technique.
  2. Average rate of return.
  3. Benefit-Cost ratio.
  4. Internal rate of return
Answer

(A)Net present value technique.

QN13. ______________ implies the availability or otherwise of plant and machinery and technical know how to produce the product.

  1. Economic viability.
  2. Financial feasibility.
  3. Technical feasibility.
  4. Managerial competence
Answer

(C)Technical feasibility.

QN14. Which of the list below does not form Intellectual Property?

  1. Trade marks.
  2. Patents.
  3. Tangible assets.
  4. Copyright.
Answer

(C)Tangible assets.

QN15. Idea of new product is tested in potential consumers to determine consumer acceptance at ______________ stage.

  1. Concept.
  2. Product development.
  3. Test marketing.
  4. Commercialization.
Answer

(C)Test marketing.

QN16. Strategic entrepreneurial marketing has been summarised as the 4Is, identification of target markets, interactive marketing methods, informal intelligence gathering and - what is the fourth?

  1. independence.
  2. instructiveness.
  3. innovation.
  4. internet.
Answer

(C)innovation.

QN17. LOB stands for______________.

  1. Line of Business.
  2. Line of Balance.
  3. Loss of Business.
  4. Loss of Balance
Answer

(B)Line of Balance.

QN18. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ______________.

  1. Programmed decisions.
  2. Non - programmed decisions.
  3. Routine decisions.
  4. Strategic decisions.
Answer

(B)Non - programmed decisions.

QN19. 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 ______________.

  1. conglomerate diversification.
  2. horizontal integration.
  3. vertical integration.
  4. concentric integration.
Answer

(D)concentric integration.

QN20. EXIM bank is a ______________.

  1. State-level institution.
  2. Regional - level institution.
  3. All India institution.
  4. International institution.
Answer

(C)All India institution.

QN21. The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ______________.

  1. IPR 1940.
  2. IPR 1948.
  3. IPR 1956.
  4. IPR 1977.
Answer

(B)IPR 1948.

QN22. Under-capitalization arises due to ______________.

  1. excess of assets over the liabilities.
  2. excess of liabilities over the assets.
  3. actual capitalization is higher than the proper capitalization.
  4. actual capitalization is lower than the proper capitalization.
Answer

(D)actual capitalization is lower than the proper capitalization.

QN23. A public corporation means ______________.

  1. public company.
  2. government company.
  3. statutory corporation.
  4. department of union government
Answer

(C)statutory corporation.

QN24. A project, which may not add to the existing profits, should be financed by ______________

  1. debentures.
  2. preference share capital.
  3. equity capital.
  4. public deposits.
Answer

(A)debentures.

QN25. The charter of a company is its ______________.

  1. prospectus.
  2. statement lieu of prospectus.
  3. memorandum of association.
  4. articles of association.
Answer

(A)prospectus.

QN26. As a new company grows, the entrepreneur will need to ______________.

  1. be responsive to changes in the market.
  2. ensure financial controls are maintained.
  3. build a management team.
  4. all the above.
Answer

(D)all the above.

QN27. The minimum amount of __________ irrespective of such private participation,could be specified at a minimum 17.5 per cent of project costs by lending institutions.

  1. bank loans
  2. promotors contribution
  3. fixed capital
  4. working capital
Answer

(B)promotors contribution

QN28. The content of the final report typically includes the following topics ______________.

  1. Executive summary
  2. review and analysis
  3. recommendations
  4. If all the above are correct.
Answer

(D)If all the above are correct.

QN29. _____________ 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.

  1. project report
  2. technical anlaysis
  3. market analysis
  4. financial analysis
Answer

(A)project report

QN30. Someone who improves an existing business can be called ______________.

  1. A changeling.
  2. A professional.
  3. A co-worker.
  4. An intrapreneur.
Answer

(D)An intrapreneur.

QN31. The UK government has implemented a number of policies to encourage Entrepreneurship in schools. One such initiative is ______________.

  1. Young Enterprise.
  2. Youth venture.
  3. Young Business.
  4. Young Initiative.
Answer

(A)Young Enterprise.

QN32. Innovation can best be defined as ______________.

  1. the successful exploitation of new ideas.
  2. the evolution of new ideas.
  3. the opposite of creativity.
  4. the generation of new ideas.
Answer

(A)the successful exploitation of new ideas.

QN33. Which of the following statements is false?

  1. Market segmentation is a useful process for small businesses to undertake.
  2. Selling is essentially a matching process.
  3. A benefit is the value of a product feature to a customer.
  4. It is a good idea for small businesses to compete solely on price.
Answer

(D)It is a good idea for small businesses to compete solely on price.

QN34. To provide financial assistance to entrepreneurs the government has set up a number of ______________.

  1. financial advisors.
  2. financial intermediaries.
  3. Industrial estates.
  4. financial institutions.
Answer

(D)financial institutions.

QN35. IFCI has been converted into a ______________.

  1. joint stock company.
  2. co-operative society.
  3. partnership firm.
  4. sole proprietorship.
Answer

(A)joint stock company.

QN36. TIIC is sponsored by the ______________.

  1. Government of Karnataka.
  2. Government of Andhra Pradesh.
  3. Government of Kerala.
  4. Government of Tamil Nadu.
Answer

(D)Government of Tamil Nadu.

QN37. ______________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time

  1. Idea generation.
  2. Opportunity Scanning.
  3. Strategy
  4. Project.
Answer

(D)Project.

QN38. The term ______________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units

  1. Incentive.
  2. Subsidy.
  3. Concession
  4. Bounty.
Answer

(D)Bounty.

QN39. ______________ is a graphical representation of the various activity and event relating to a project.

  1. Network analysis.
  2. Scheduling technique.
  3. Logical Model.
  4. Network Diagram
Answer

(D)Network Diagram

QN40. ______________ is an event-oriented approach.

  1. CPM.
  2. GERT.
  3. WASP.
  4. PERT.
Answer

(D)PERT.

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