Entrepreneurial culture and growth orientation consists of all of the following except

MOCK MCQ TEST

SUBJECT: ENTREPRENEURSHIP

DEVELOPMENT (ED)

PAPER CODE: MS 207

FOR PRIVATE CIRCULATION

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1. The function of entrepreneur are: A. To imagine a business idea B. To study project feasibility C. To setup enterprise D. All the above

   Inhaltsverzeichnis Show

   • MOCK MCQ TEST
   • SUBJECT: ENTREPRENEURSHIP
   • DEVELOPMENT (ED)
   • PAPER CODE: MS 207
   • FOR PRIVATE CIRCULATION
   • What are the 4 components of entrepreneurship?
   • What are the three entrepreneurial orientation?
   • What are the elements of an entrepreneurial culture?
   • What are the 4 distinct phases of entrepreneurial process?

2. Which of the following sentence is not a characteristic of entrepreneurship: A. Risk taking B. Innovation C. Creative activity D. Managerial training

3. An entrepreneur is: A. Born B. Made C. Bom and made both D. All of these

4. 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

5. 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

6. 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

7. 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 E. An entrepreneur faces extraordinary business risks

1. 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.

2. Intrapreneurship often takes the form of A. A semi-autonomous group (e. 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.

3. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments. A. venture capitalist B. entrepreneur C. businessman D. buyer

4. 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.

5. 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.

C. trying out alternative uses of existing products. D. finding gaps in the marketplace.

1. Entrepreneurs can recognize problems and find ways to solve them through each of the following EXCEPT: A. recognizing problems in emerging trends. B. identifying a currently available product or service and then building a business around a better version. C. framing a problem differently than it's been thought of before, and then proposing an appropriate solution. D. experiencing a problem in one's own life, and then realizing the solution represents a business opportunity.

2. All of the following are characteristics shared by those who excel at recognizing opportunities EXCEPT: A. brainstorming. B. prior experience. C. entrepreneurial alertness. D. social contacts and ties with others.

3. All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT: A. Does it make sense? B. Is the product or service financially feasible? C. Is this a good time to introduce the product or service in the market? D. Are there any fatal flaws in the product or service's basic design or concept?

4. All of the following are characteristics of attractive industries EXCEPT: A. the industry is young. B. the industry is fragmented. C. the industry is crowded. D. the industry has high operating margins.

5. _____ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business. A. A marketing plan B. Financial feasibility analysis C. Industry/market feasibility analysis D. Organizational feasibility analysis

6. Why is the executive summary perhaps the most important section of the business plan? A. This section of the plan provides in-depth discussion of the major trends in the industry in which the firm intends to compete. B. This section of the plan summarizes the firm's key executives. C. If this section of the plan fails to attract an investor's interest, he or she is unlikely to read the remainder of the plan. D. This section of the plan deals with the day-to-day operations of the company.

7. Which of the following might be termed a disadvantage faced by the small business? A. Greater flexibility B. Greater ability to serve specialized markets C. Extreme personal commitment of the owner D. More personal service

8. The financial assistance to small business provided by the Small Business Administration takes the form of: A. direct loans B. guidance in locating lenders C. loan guarantees D. assistance in filling out paperwork

9. Key features of a well written business plan would include all of the following except: A. financial plan B. qualifications of the owner C. an analysis of the market D. a review of the advertising firms analyzed

10. EDPs course contents contain ___________. A. General introduction to entrepreneurs. B. Motivation training. C. Managerial skills. D. All the above

11. MSME is defined under which act? A. MSMED Act 2006 B. MSMED Act 2001 C. MSMED Act 1999 D. MSMED Act 2004

12. MSMEs are important for the Nation's Economy because they significantly contribute to A. Industrial Production

13. The distinction between an "entrepreneur" and "small business owner" , if made, revolves around: A. really nothing; they are truly one and the same B. the Small Business Administration definitions C. whether the business is an Internet based one or not D. the risk taking or re-invention of a business vs. someone who "simply" starts a business or buys an existing one

14. Which of the following is not a main element of the project management process? A. Estimation. B. Schedule. C. Monitor. D. Systems design.

15. SBA stands for: A. Small business accountants B. Small business administration C. Small business adequacy D. Small business advisors

16. EDPs course contents contains ___________. A. General introduction to entrepreneurs. B. Motivation training. C. Managerial skills. D. All the above

17. EDII was developed by the A. Government of India B. State Government C. All India Financial Institutions D. Public sector banks

18. NIESBUD was established in A. 1980 B. 1983 C. 1986 D. 1989

19. ________ is the first development bank of the country. A. ICICI. B. IDBI. C. SFC.

D. IFCI

1. State Industrial corporations engage in the development of__________. A. industrial estates. B. institutional estates. C. individual investors. D. agricultural entrepreneurs.

2. SIDBI was set up as a subsidiary of_________. A. IDBI. B. IFCI. C. ICICI. D. SFC

3. Which of the following is a function of SIDBI? A. Extension of seed capital. B. Discounting of bills. C. Providing factoring services. D. All of the above

4. A provisional SSI registration certificate is valid for a period of __________. A. four Years. B. three Years. C. two Years. D. one year.

5. DGTD stands for __________. A. Directorate General of Technical Development. B. District General of Technical Development. C. District General of Taxation Deduction. D. Directorate General of Taxation Deduction

6. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in______________. A. January 1920. B. August 1920. C. January 1972. D. August 1972.

7. The application for registration of a small scale unit should be submitted to the _______. A. General manager, DIC. B. Director, DIC. C. General manager. NSIC.

What are the 4 components of entrepreneurship?

What are the three entrepreneurial orientation?

What are the elements of an entrepreneurial culture?

What are the 4 distinct phases of entrepreneurial process?