Entrepreneurship Management Online MCQ Set 5

QN01. Activities which can be accomplished simultaneously are termed as ______________.

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

(D)Concurrent Activities

QN02. The process of preparing an inventory of skills needed for effective implementation of the project is called as ______________.

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

(D)Managerial competence.

QN03. Which of the following is not one of the 4 Ms?

  1. motivation.
  2. management.
  3. money.
  4. materials.
Answer

(D)materials.

QN04. Which of the following statements is false? Electronic commerce:

  1. can allow new ventures to compete on more or less equal terms with large firms.
  2. can lead to small businesses having reduced contact with its customers.
  3. is rarely used in small businesses.
  4. is used in many different industries and markets.
Answer

(C)is rarely used in small businesses.

QN05. ______________ is primarily concerned with the identification, qualification and evaluation of the project resources.

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

(B)Feasibility analysis.

QN06. The application for registration of a small scale unit should be submitted to the ______________.

  1. General manager, DIC.
  2. Director, DIC.
  3. General manager. NSIC.
  4. Director, NSIC.
Answer

(A)General manager, DIC.

QN07. The purpose of soft loan scheme is to encourage units to undertake ______________.

  1. modernization of plant and machinery.
  2. replacement of plant and machinery.
  3. renovation of plant and machinery.
  4. all the above
Answer

(D)all the above

QN08. The small scale unit wishing to export has to obtain exporters code number from ______________.

  1. The Reserve Bank of India.
  2. The Central Bank of India.
  3. Any Regional Bank.
  4. Any International Bank.
Answer

(A)The Reserve Bank of India.

QN09. Promoter is a person who ______________.

  1. takes part in the incorporation of a company.
  2. is a director.
  3. is a relative of the managing director.
  4. works to publicity to the company.
Answer

(A)takes part in the incorporation of a company.

QN10. Business risks can be ______________.

  1. avoided.
  2. reduced.
  3. ignored.
  4. erased.
Answer

(B)reduced.

QN11. A person owning and running a small firm, is known as ______________.

  1. A manager-owner.
  2. An owner-manager.
  3. A professional adapter.
  4. An enterprise worker.
Answer

(B)An owner-manager.

QN12. One of the disadvantages of a franchise business for a franchisee is ______________.

  1. Lack of independence.
  2. Franchise businesses typically have a high failure rate.
  3. Lack of brand identity.
  4. Training is not normally provided by the franchisor.
Answer

(A)Lack of independence.

QN13. Integration of project management with the organization takes place with the ______________.

  1. master budjet
  2. strategic plan
  3. Process of managing actual projects
  4. both b and c
Answer

(D)both b and c

QN14. market potential of the project report includes______________.

  1. demand and supply conditions
  2. market strategy
  3. after sales service
  4. all the above
Answer

(D)all the above

QN15. A business arrangement where one party allows another party to use a business name and sell its products or services is known as ______________.

  1. A franchise.
  2. A cooperative.
  3. An owner-manager business.
  4. A limited company.
Answer

(A)A franchise.

QN16. Which of the following is least likely to influence the timing of new business births?

  1. Government policies.
  2. Profitability.
  3. Consumer expenditure.
  4. Weather conditions.
Answer

(D)Weather conditions.

QN17. SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed ______________.

  1. 1 crore.
  2. 1.5 crores.
  3. 2 crores.
  4. 2.5 crores.
Answer

(A)1 crore.

QN18. Large investment is made in fixed assets, the project will be termed as ______________.

  1. Capital Intensive.
  2. Labour Intensive.
  3. Product Intensive.
  4. Market Intensive.
Answer

(A)Capital Intensive.

QN19. ______________ is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds.

  1. Project formulation.
  2. Project evaluation.
  3. Project appraisal.
  4. Project Design.
Answer

(C)Project appraisal.

QN20. DGTD stands for ______________.

  1. Directorate General of Technical Development.
  2. District General of Technical Development.
  3. District General of Taxation Deduction.
  4. Directorate General of Taxation Deduction.
Answer

(A)Directorate General of Technical Development.

QN21. A key aspect of the financial section of the business plan is ______________.

  1. A statement of management skills.
  2. A realistic sales forecast.
  3. Production capacity.
  4. A description of competitors.
Answer

(B)A realistic sales forecast.

QN22. Underestimation of project cost leads to ______________.

  1. Time under run.
  2. Cost under run
  3. Time over run.
  4. Cost over run
Answer

(D)Cost over run

QN23. Which of the following is not an aspect of appraisal of term loans by commercial banks?

  1. Financial feasibility.
  2. Technical feasibility.
  3. Economic feasibility.
  4. Societal feasibility.
Answer

(D)Societal feasibility.

QN24. DIC is headed by General Manager in the rank of ______________.

  1. Joint Director of industries.
  2. Assistant Director of industries.
  3. Non-departmental officer.
  4. Departmental officer.
Answer

(A)Joint Director of industries.

QN25. Which of the following leads to over-capitalization?

  1. acquiring fixed assets on excessive amounts.
  2. under-estimation of initial rate of earnings.
  3. using lower-rate of capitalization.
  4. under estimation of required funds.
Answer

(A)acquiring fixed assets on excessive amounts.

QN26. Investment in which of the following is most risky?

  1. Equity shares.
  2. Preference shares.
  3. Debentures.
  4. Land.
Answer

(C)Debentures.

QN27. A Company is called an artificial person because ______________.

  1. it does not have the shape of a natural person.
  2. it cannot be used in the court of law.
  3. it is invisible and intangible.
  4. it exists only in contemplation of law.
Answer

(C)it is invisible and intangible.

QN28. ______________, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.

  1. working capital
  2. cost of capital
  3. cost of production
  4. cost of equity
Answer

(A)working capital

QN29. Business means ______________.

  1. Commerce.
  2. industry and commerce.
  3. trade and commerce.
  4. selling and buying of goods.
Answer

(B)industry and commerce.

QN30. Large investment is made in fixed assets, the project will be termed as ______________.

  1. Capital Intensive.
  2. Labour Intensive.
  3. Product Intensive.
  4. Market Intensive.
Answer

(A)Capital Intensive.

QN31. Which of the following shows the process of creating something new?

  1. Business model
  2. Modeling
  3. Creative flexibility
  4. Innovation
Answer

(D)Innovation

QN32. Individuals influencing an entrepreneur's career choice and style are known as which of the following?

  1. Moral-support network
  2. Role model
  3. Professional support network
  4. Support system
Answer

(B)Role model

QN33. SBA stands for:

  1. Small business accountants
  2. Small business administration
  3. Small business adequacy
  4. Small business advisors
Answer

(B)Small business administration

QN34. EDP (Entrepreneurship Development Programmes) is required to help:

  1. Existing entrepreneurs
  2. First generation entrepreneurs
  3. Future generations entrepreneurs
  4. None of the above
Answer

(B)First generation entrepreneurs

QN35. A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as?

  1. Ecopreneur
  2. Technopreneur
  3. Intrapreneur
  4. Social Entrepreneur
Answer

(C)Intrapreneur

QN36. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

  1. Merger
  2. Minority Interest
  3. Joint venture
  4. Majority interest
Answer

(B)Minority Interest

QN37. What is the process by which individuals pursue opportunities without regard to resources they currently control?

  1. Startup management
  2. Entrepreneurship
  3. Financial analysis
  4. Feasibility planning
Answer

(B)Entrepreneurship

QN38. Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?

  1. Entrepreneurship
  2. Hyper competition
  3. Governmental laws
  4. Organizational culture
Answer

(B)Hyper competition

QN39. Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

  1. Existing products and services
  2. Distribution channels
  3. Federal government
  4. Consumers
Answer

(B)Distribution channels

QN40. A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called?

  1. Performance and Credit Rating Scheme
  2. Zero Defect Zero Effect Certification
  3. Performance and Economy Rating Scheme
  4. None of the above
Answer

(A)Performance and Credit Rating Scheme

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