Entrepreneurship Management Online MCQ Set 3

QN01. Additional time which a non-critical activity can consume without increasing the project duration is
called ______________.

  1. Total Float.
  2. Free Float
  3. Independent Float.
  4. Dependant Float
Answer

(A)Total Float.

QN02. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ______________.

  1. Organizational decisions.
  2. Personal decisions.
  3. Routine decisions.
  4. Strategic decisions.
Answer

(D)Strategic decisions.

QN03. ______________ is granted to small scale units under section 33B of the Income tax act, 1961.

  1. Depreciation Allowance.
  2. Development Debate.
  3. Investment Allowance.
  4. Rehabilitation Allowance.
Answer

(D)Rehabilitation Allowance.

QN04. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in ______________.

  1. January 1920.
  2. August 1920.
  3. January 1972.
  4. August 1972.
Answer

(D)August 1972.

QN05. What is the role of a Business Ange?

  1. To provide small business advice.
  2. To provide capital for business development in exchange for a stake in the Business ownership.
  3. To set up a franchise business.
  4. To assist an entrepreneur to open a lifestyle business.
Answer

(B)To provide capital for business development in exchange for a stake in the Business ownership.

QN06. New entrepreneurs entering the field of medium industry for the first time can have market studies with the subsidiary of ______________.

  1. 75% of the cost or Rs.15000 whichever is less.
  2. 75% of the cost or Rs.15000 whichever is high
  3. 50% of the cost or Rs.15000 whichever is less.
  4. 50% of the cost or Rs.15000 whichever is high
Answer

(A)75% of the cost or Rs.15000 whichever is less.

QN07. The type of diversification in which the company adds complementary to the existing product or service line is ______________.

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

(C)vertical integration.

QN08. District Industries Centres are located ______________.

  1. in each district.
  2. in each state.
  3. only in selected districts.
  4. only in selected states.
Answer

(A)in each district.

QN09. Institutional agencies grant financial assistance to small scale industries for ______________.

  1. participation in equity capital only.
  2. acquisition of fixed assets.
  3. working capital assistance.
  4. all of the above.
Answer

(D)all of the above.

QN10. The expenses incurred on the setting up of the enterprise are called as ______________.

  1. Cost of financing.
  2. Cost of promotion.
  3. Cost of fixed assets.
  4. Cost of current assets.
Answer

(B)Cost of promotion.

QN11. Which of the following leads to under-capitalization?

  1. raising of more money by issue of shares.
  2. acquiring fixed assets on excessive amounts.
  3. over-estimation of earnings for enterprise.
  4. under-estimation of initial rate of earnings.
Answer

(D)under-estimation of initial rate of earnings.

QN12. The term Capitalization is used in relation to ______________.

  1. sole-proprietorship.
  2. Partnership.
  3. joint stock companies.
  4. co-operative societies
Answer

(C)joint stock companies.

QN13. O & M refers to ______________

  1. overall efficiency of business.
  2. efficiency of office and administrative work.
  3. office work measurement.
  4. office and management study.
Answer

(D)office and management study.

QN14. Which of the following is a characteristic typical of ______________? Most entrepreneurs

  1. Choose high risk ventures.
  2. Choose low risk ventures.
  3. Choose moderate (or calculated) risk ventures.
  4. Choose no risk ventures.
Answer

(C)Choose moderate (or calculated) risk ventures.

QN15. Entrepreneurship can best be described as ______________.

  1. a process that requires setting up a business.
  2. taking a significant risk in a business context.
  3. having a strong vision.
  4. a process involving innovation, new products or services, and value creation.
Answer

(D)a process involving innovation, new products or services, and value creation.

QN16. Project management is ideally suited for a business environment requiring all of the following except ______________.

  1. Flexibility
  2. Innovation
  3. speed
  4. Repetability
Answer

(D)speed

QN17. what are the components of then project report ______________.

  1. requirement of funds
  2. location
  3. manpower
  4. all the above
Answer

(D)all the above

QN18. Today, many companies are using managerial techniques that are designed to encourage ______________.

  1. Ehical behaviour
  2. legal compliances
  3. increasing profits
  4. shareholders value
Answer

(A)Ehical behaviour

QN19. Which could provide an individual with the motivation to start a new business venture?

  1. The financial rewards.
  2. A desire to be independent.
  3. Risk taking
  4. All the above.
Answer

(D)All the above.

QN20. Which of the following is the reason for business failure ______________.

  1. Lack of market research.
  2. Poor financial control.
  3. Poor management.
  4. All the above.
Answer

(D)All the above.

QN21. Good sources of information for an entrepreneur about competitors can be Obtained from ______________.

  1. Websites.
  2. Product information leaflets.
  3. Company reports and published accounts.
  4. All the above.
Answer

(D)All the above.

QN22. The purpose of all good small business strategy is ______________.

  1. to increase turnover.
  2. to increase profitability.
  3. to achieve competitive advantage.
  4. to achieve stated objectives.
Answer

(D)to achieve stated objectives.

QN23. State Industrial corporations engage in the development of ______________.

  1. industrial estates.
  2. institutional estates.
  3. individual investors.
  4. agricultural entrepreneurs.
Answer

(A)industrial estates.

QN24. Which of the following is a function of SIDBI?

  1. Extension of seed capital.
  2. Discounting of bills.
  3. Providing factoring services.
  4. All of the above.
Answer

(D)All of the above.

QN25. A commercial banker would prefer a ______________ debt- equity ratio over the years as it indicates financial strength of a unit.

  1. Declining.
  2. Increasing.
  3. Stable.
  4. Fluctuating.
Answer

(A)Declining.

QN26. PERT stands for ______________.

  1. Programme Evaluation and Research Techniques.
  2. Project Evaluation and Review Techniques.
  3. Programme Evaluation and Review Techniques.
  4. Project Evaluation and Research Techniques.
Answer

(C)Programme Evaluation and Review Techniques.

QN27. New Small Scale industries are exempted from the payment of income tax under section 80J is called ______________

  1. InvestmentAllowance.
  2. Development Rebate.
  3. Rehabilitation Allowance.
  4. Tax Holiday
Answer

(A)InvestmentAllowance.

QN28. ______________ is an activity-oriented approach.

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

(A)CPM

QN29. ______________ is the systematic development of a project idea for the eventual purpose of arriving at an investment decision.

  1. Project identification.
  2. Project formulation.
  3. Project feasibility.
  4. Project evaluation.
Answer

(B)Project formulation.

QN30. A provisional SSI registration certificate is valid for a period of ______________.

  1. four Years.
  2. three Years.
  3. two Years.
  4. one year.
Answer

(D)one year.

QN31. Which of the following factors would not be included in a PESTLE analysis?

  1. Government re-cycling policy.
  2. Proposed reduction in interest rates.
  3. Demographic changes.
  4. Competitor activity.
Answer

(D)Competitor activity.

QN32. The use of informal networks by entrepreneurs to gather information is known as ______________.

  1. Entrepreneurial networking.
  2. Secondary research.
  3. Informal parameters.
  4. Marketing
Answer

(A)Entrepreneurial networking.

QN33. Entrepreneurs are motivated by ______________.

  1. money.
  2. personal values.
  3. pull influences.
  4. All the above.
Answer

(D)All the above.

QN34. ______________ is the first development bank of the country.

  1. ICICI.
  2. IDBI.
  3. SFC.
  4. IFCI.
Answer

(D)IFCI.

QN35. The business development department of SIPCOT guides entrepreneurs in ______________.

  1. applying for licences.
  2. approval on collaboration.
  3. allocation of scarce raw materials.
  4. All the above.
Answer

(D)All the above.

QN36. ______________ is used to accomplish the project economically in the minimum available time with limited resources

  1. Project Scheduling.
  2. Network Analysis.
  3. Budget Analysis.
  4. Critical Planning.
Answer

(A)Project Scheduling.

QN37. The granting of cash subsidy on the capital investment is called ______________.

  1. Concessional finance.
  2. Quantum of Subsidy.
  3. Interest Subsidy.
  4. Central Investment Subsidy.
Answer

(D)Central Investment Subsidy.

QN38. Activities which must be finished before a given event can occur are termed as ______________.

  1. Preceeding Activities.
  2. Succeeding Activities
  3. Concurrent Activities
  4. Dummy Activities.
Answer

(A)Preceeding Activities.

QN39. Decisions taken by an entrepreneur on behalf of his enterprise are known as ______________.

  1. Organizational decisions.
  2. Personal decisions.
  3. Routine decisions.
  4. Strategic decisions
Answer

(A)Organizational decisions.

QN40. CPM stands for ______________.

  1. Continuous Path Method.
  2. Clear Path Method.
  3. Critical Probabilistic Method.
  4. Critical Path Method.
Answer

(D)Critical Path Method.

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