entrepreneurship management question bank unit - 1 · entrepreneurship management question bank...

Entrepreneurship Management

QUESTION BANK

UNIT - 1

1) ________is the drive to achieve a goal

(a)Motivation (b) Need for Achievement (c) Competency (d) None of These

2) ________entrepreneurs are extremely task oriente(d)

(a)Technical (b) Fabian (c) induced (d) Business

3) Knowledge + Skill + Traits = ________

(a)Innovation (b) Competency (c) Skill (d) Creativity

4) The capacity to develop new ideas, concepts and processes is known as :

(a) Innovation (b) invention (c) skill (d) creativity.

5) Which of the following risks is borne by the entrepreneur?

(a) Financial risks (b) personal risks (c) psychological risks (d) all of these

6) ________Registration helps the entrepreneur to take necessary steps to bring industrial units into existence.

(a)Provisional (b) permanent (c) both of these (d) None of these

7) ________ skill helps an entrepreneur to establish an enterprise.

(a)communication (b)decision-making (c)project development (d)management

8) ________ is a combination of knowledge, skills and appropriate motives that an individual must possess to perform a given task.

(a) Persistence (b) initiative (c) Competency (d) creativity.

9) ________ is the ability of an entrepreneur to successfully convince others.

(a) Persistence (b) initiative (c) Competency (d) persuasion.

10) Which one of the following actions by an entrepreneur is most likely to contribute to creative destruction?

(a) Development of a new product (b) Take-over of a competitor (c) Issuing shares (d) Reducing prices

11) An advantage of the small firm in the innovation process?

(a) Ability to carry out R&D (b) Ability to raise finance

(c) Ability of the entrepreneur to carry out multiple tasks

(d) Ability of the entrepreneur to act on new ideas or product development

12) Innovative small firms are more likely in:

(a) Knowledge-based sectors (b) Biotechnology (c) Automobile manufacture (d) Aerospace manufacture

13) Innovative entrepreneurs face special issues in raising:

(a) Development capital (b) Structured capital (c) Human capital (d) Seed capital

14) Innovative entrepreneurs may have to pay high insurance premiums due to the:

(a) The need to protect patents (b) Greater employee liability (c) Greater customer liability (d) Greater trading risks

15) Which of the following is NOT recognized as a misconception about entrepreneurship?

(a) Successful entrepreneurship needs only a great idea

(b) Entrepreneurship is easy.

(c) Entrepreneurship is found only is small businesses.

(d) Entrepreneurial ventures and small businesses are different.

16) Which of the following is NOT on of the three areas in which the importance of entrepreneurship can be shown?

(a) Innovation (b) Number of new start-ups (c) Job creation and employment (d) bureaucracy

17)The three main responsibilities involved with managing an entrepreneurial venture once its up and running include all of the following EXCEPT:

(a) Managing processes (b) Managing people (c) Managing bureaucracy (d) Managing growth

18) The number one characteristic shared by successful entrepreneurs is

(a) a charismatic personality (b) passion for the business (c) a desire to employ other people (d) a desire to fulfil a lifetime dream

19) In regard to business models, which of the following statements in INCORRECT?

(a) There is a standard business model hat most firms follow.

(b) A firm’s business model is inherently dependent on the collection of resources it

controls and the capabilities it possesses.

(c) It is dangerous for a company to assume that it can be successful by simply copying

the business model of another firm.

(d) A firm’s business model is its plan or diagram for how it competes.

20) Which of the following is not a main project objective? (a)Time. (b)Structure (c)Quality (d)Cost 21) Which of the following is a main PRINCE project aim? (a)Stay within budget (b)Meet specified quantity (c) Meet specified quality (d)All of the above. 22) The invention and use of machines was actually stimulated by a shortage of (a)labour (b)capital (money) (c)raw materials (d)trading ships 23) The idea of convergence of GDP suggests that: (a) all countries will eventually join the EE(C)

(b) poorer countries have higher capital/labour ratios than richer countries.

(c) poorer less developed countries will catch up with richer ones.

(d) the gap between countries GDP per head will widen.

24) Which of the following is a fourth step in the entrepreneurial process? (a) Developing successful business ideas

(b) Deciding to become an entrepreneur

(c) Growing the entrepreneurial firm

(d) Moving from an idea to an entrepreneurial firm

25) Which one of the following is not the intrapreneurial leadership characteristic? (a) Understands environment (b) Encourage the team work (c) Not flexible (d)Persistent 26) Andrew Carneige is an example of entrepreneur of which century: (a) Earliest period (b) 19th and 20th century (c)Middle ages (d)17th century 27) How many major stages of product planning and development process are there? (a) Four (b)Five (c)Six (d)Seven 28) Which of the following is a second step in the entrepreneurial process?

(a) Developing successful business ideas (b) Deciding to become an entrepreneur (c) Growing the entrepreneurial firm (d) Moving from an idea to an entrepreneurial firm 29) Which of the following shows the process of creating something new? (a)Business model (b)Modeling (c)Innovation (d)Creative flexibility 30) Which of the following is a third step in the entrepreneurial process? (a) Developing successful business ideas (b) Deciding to become an entrepreneur (c) Growing the entrepreneurial firm (d) Moving from an idea to an entrepreneurial firm

31) All of the following are popular demographic factors about entrepreneurs that have

been studied EXCEPT:

(a) Self-confidence (b) Gender (c)Education (d)Family birth order

32) The process of perceiving the possibility of a profitable new business, product or

service idea is referred to as:

(a) Inspired detection (b) Opportunity recognition

(c) Idea confirmation (d)Creative recognition

33) Which of the following issues should be considered in industry/target market

feasibility analysis?

(a) Industry attractiveness (b) Gaps in the marketplace

(c)Financial rate of return (d) Resource sufficiency

UNIT – 2

1) NSIC is stands for_________ (a) National Science of Indian Corporation (b)National Small Industries Corporation (c) Nation Social Industries Corporation (d)National Society of Industrial Corporation 2) The NSIC was set up in the year of_______ (a) 1935 (b)1955 (c)1965 (d)1970 3) How many credit rankings provided for NSIC AGENCIES? a) 45 % (b)75% (c)65% (d)92% 4) Expansion of DI is__________

(a)Directorate of Industries (b)Director of individual (c) District industry (d)Distinct Industry 5) Which sector provides central polices? (a) SFC (b)SSI (c)DI (d)SDI 6) In which year does DIC was initiated?

(a)1978 (b)1945 (c)1964 (d)1965 7) Which service does DIC extends for nature?

(a)Provision of raw materials (b)Debit card (c)Assets (d)Bank Accounts 8) What is the aim of DIC?

(a) Employment opportunities (b)Rural development (c) Educate the children (d)Break Poverty 9) Expand NPC? (a) National Polytechnic college (b)National Productivity Council (c) National Private Company (d)National Political Council 10) NPC is administrated under_________

(a) Tripartite Governing Council (b) State Level Governing Council (c) State Minister (d)Chief Minister 11) Expand SFC?

(a)State Financial Corporation (b)Stable Finance Coordination (c) State Fine Corporation (d)Stable Fine Corporation 12) Who appoints the managing director of SFC? (a)Business Associations (b)The State Government (c) Public (d) Central Government 13) In Which base SFC provide loans?

(a)Assets (b) Guarantee (c)References (d) Educational Qualification. 14) How many SFC’s are in India? (a) 25 (b)19 (c)18 (d)50

15)Expand SSIB:

(a)Small Scale Industries Board (b) Small Server Industries Board (c) Small Scale Industries Business (d) Small scale Institution Board

16) In which year SSIB developed?

(a) 1970 (b)1954 (c) 1950 (d)1956 17)How many members in SSIB?

(a) 40 (b)50 (c)60 (d)75

18)EXPAND – NSTEDB

(a) National Science & Technology Entrepreneurship Development Board (b) National Service & Technic Entrepreneurship Development Board (c) National software &Tevelopment Entrepreneurship Development Board (d) National Service &Tevelopment Entrepreneur Development Board

19)In which year NSTEDB was established?

(a)1982 (b)1983 (c)1988 (d)1980

20)INDIA INNOVATION FUND SIZE is ____

(a) 49 CRORES (b)46 CRORES (c)47 CRORES (d)48 CRORES

21)International _______ Cooperation focused on innovation and wealth creation

(a)S&T (b)S&D (c)S&N (d)S&I

22) Which year SSIDC Established?

(a)1946 (b)1956 (c)1966 (d)1976

23) Which government undertaking SSIDC?

(a)central (b) state (c) central and state (d)public

24)Expand SSIDC

(a)State Small Industrial Development Corporations

(b) state small intitution development corporations (c) state small industrial deployment corporations (d) Small States industrial deployment corporations

25) Expand EDI

(a) Environment Development Infrastructure (b) Entrepreneurship Development Institute (c) Essential Decision Interface (d)Educational Development Institute

26) Which is not the EDI character

(a) Money Minded (b) Participate in institutional (c) Inculcate the spirit of entrepreneurship among youth. (d)Encourage Entrepreneurship

27) In which year the erstwhile Ministry of Industry set up the Indian Institute of Entrepreneurship

(a) 1998 (b) 1994 (c) 1995 (d)2000

28) In which place the Indian Institute of Entrepreneurship is located

(a) Delhi (b) Assam (c) UP (d)Tamil Nadu

29) Expand SBI

(a) State Banking Information (b) System Based Information

(c) State Bank of India (d)System Based Interface

30) Venture Capitalist is rewarded by ____________

(a)business success & the capital gain. (b)business plan (c)business profit (d)Capital gain

31) _____a nodal agency for identifying the needs of SSI units coordinating and

monitoring the policies and programmes for promotion of the small industries.

(a)NSIC (b)SIDO (c)KVIC (d)SSIC

32)NPC is a member of the __________

(a)Asian Productivity organization (b)Government Union

(c)Asian Development Association (d)Industries Development Association

33) The policy, direction and guidance to the institute is provided by its Governing

Council whose chairman is the __________

(a)Chief Minister (b)Minister of Parliament (c)Minister of SSI (d)Prime Minister

34) In order to extend promotion of small-scale and cottage industries beyond big cities

and state capitals to district headquarters_____ program was initiated

(a)DIC (b)SSI (c)SIDO (d)NSPC

35) DIC was established with the aim of generating ________greater especially in rural and

backward areas in the country.

(a)employment opportunities (b)Development of nation

(c)reduce poverty (d)Provide Education

36)_______ of SIDBI, SFCs have also been extending working capital along with term loans

to mitigate the difficulties faced by SSIs in obtaining working capital limits on time.

(a)Development Scheme (b)Single Window Scheme

(c)Investment Scheme (d)Financial Scheme

37)________ is an apex development bank in India having headquarters based in

Mumbai (Maharashtra) and other branches are all over the country.

(a)NABARD (b)SBI (c)RBI (d)BOI

38)NABARD was Established on_______

(a)12 July 1982 (b) 14 July 1982 (c) 15 July 1982` (d)12 July 1986

39)Which is not a feature of venture capital?

(a)Long term investment (b) Lack of liquidity (c)Decrease Poverty (d)Private equity

40)________is also known as central small industries board

(a)SSIB (b)KVIC (c)NPC (d)NSIC

41)______Publishes literature for development of the entrepreneur

(a)SSIB (b)IIE (c)NPC (d)NABARD

42) The Main objectives are to ____small and medium enterprises in their respective states

(a) finance and promote (b)Develop (c)finance (d)promote

43) ________have tailor-made schemes for artisans and special target groups such as

SC/ST, women, ex-servicemen, physically challenged

(a)SFCS (b)KVIC (c)NPC (d)NSIC

44) ______helps in developing land providing developed plots together with facilities like

roads, power, water supply, drainage and other amenities.

(a)SFCS (b)KVIC (c)SIDC (d)NSIC

45) Which year UNIDO has recognized NISIET as an institute of meritorious performance

under its Centre of Excellence Scheme to extend aid?

(a)1984 (b)1887 (c)1989 (d)2000

46)Which is a Statutory body created by an act of Parliament?

(a)KVIC (b)SIDO (c)NSIC (d)NPC

47) Which is not a objective of EDI?

(a) The Augment supply of trainers motivators for entrepreneurship and development

(b)Participate in institutional

(c)Promote micro enterprise at rural level

(d) Promote Education

48) Which is regulates the cooperative banks and the RRB’s.?

(a)NABARD (b)SIDO (c)NSIC (d)NPC

49) Which is an apex advisory body constituted to render advice to the government on all

issues pertaining to the development of small-scale industries?

(a)SSIB (b)SIDO (c)NSIC (d)NPC

50) Which is an autonomous and not-for-profit Institute, set up in 1983, is sponsored by

apex financial institutions?

(a)NABARD (b)SIDO (c)EDI (d)NPC

UNIT - 3

1) ___________are those in which possible quantitative assessment of benefits can be made. (a) Quantifiable projects (b) non - Quantifiable projects (c) both a and b 2) ___________are those in which possible quantitative assessment of benefits is not possible. (a) Non-quantifiable projects (b) Quantifiable projects (c) both a and b 3) Sectoral Projects includes the following sections _____________

(a) Agriculture and allied (b) Irrigation and power (c) Industry and mining (d) all the above

4) The reason for anyone to think of establishing an SSI unit can be summarized in

single word called ___________.

(a) opportunity (b) entrepreneurship (c) planning (d) all the above

5) ___________ opportunities are those which enable the decision maker to better

utilize the existing resources without involving a change in the character of business.

(a) additive (b) complimentary (c) break-through (d) none

6) _____________ opportunities involve the introduction of new ideas and as such do

lead to certain amount of change in the existing structure.


7) _____________ opportunities involve fundamental changes in both the structure and

character of business.


8) ___________ defines what the project will consume in terms of raw material, energy,

manpower, finance and organizational setup.

(a) input characteristics of a project (b) output characteristics of a project (c) social cost of a project (d) all the above.

9) ___________ define what the project will generate in the form of goods and services,

employment revenue et(c)


10) ____________ inevitably affects the current equilibriums of demand and supply in

the economy.


11) The process of project selection starts with ___________.

(a) product selection (b) idea generation (c) financial analysis (d) market analysis

12) After the entrepreneur has generated few ideas of project , project selection is

started by the help of a tool called ______________.

(a) SWOT analysis (b) market demands and trends

(c) formulation of investment risks (d) all the above.

13) For this market analysis the following information is required _________ (a) Past and present supply position (b) Production possibilities and constraints

(c) Imports and exports (d) all the above.

14) Financial analysis is necessary for the following aspects_________ (a) Cost structure (b) Production possibilities and constraints

(c) Administrative, technical and legal constraints (d) Project profitability

15) This is concerned with judging a project from the larger social point of view, where in the focus if on social costs and benefits of a project, which may often be different from its monitory costs and benefits. (a)Economic/Social Cost-benefit Analysis (b) Ecological Analysis

(c)Financial Analysis (d) Technical Analysis

16) _________ analysis should be done, particulars for project which have significant ecological implications like power plants and irrigation schemes and for environmental polluting industries like chemicals, leather processing. (a) Economic/Social Cost-benefit Analysis (b) Ecological Analysis

(c) Financial Analysis (d) Technical Analysis

17) _________ part of the project report will give the details of Bio-data of promoter, Industry profile, Constitution and organization, Product details. (a) Project Description (b) General Information

(c) Market Potential (d) Capital Costs and Sources of Finance

18) ___________is a brief description of the project covering the aspects about the Site

and Physical Infrastructure to be made in the project report.

(a) Project Description (b) General Information


19) While preparing a project report, the following aspects of Demand and supply position, Expected price, marketing strategy, after sales service relating to product should be stated in the report in the part of ______________. (a) Project Description (b) General Information


20)_______ is the final stage to be stated in the formulation of project report.

(a) Project Description (b) General Information

(c) Project Implementation (d) Capital Costs and Sources of Finance

21) Which one of the following reviews the trends and competitive strategies?

(a)Environmental analysis (b)Product forecast

(c)Contingency plan (d)Industry analysis

22) Which one of the following gives suggestions for new product and also help to

market new products?

(a)Existing products and services (b)Distribution channels

(c)Federal government (d)Consumers

23) Which one of the following is the primary cause of failure in small businesses?

(a)Poor financial control (b)Poor location

(c)Management mistakes (d)Improper inventory control

24) Which of the following options can be very helpful to start-up new ventures?

(a)Seed capital (b)Infrastructure (c)Technology (d)Experience

25) Which one of the following is the next stage to the concept stage of product

planning and development process?

(a)Idea stage (b)Product planning stage

(c)Product development stage (d)Test marketing stage

26) Which of the following two work environments should be good for spawning the

new enterprises?

(a)Finance and marketing (b)Finance and R&D

(c)Marketing and R&D (d)Marketing and IT

27) What is the process by which individuals pursue opportunities without regard to

resource they currently control?

(a)Startup management (b)Entrepreneurship

(c)Financial analysis (d)Feasibility planning

28) Which one of the following may need the business plan?

(a)Employees (b)Investors (c)Advisors (d)All the given options

29) Which of the following components of organizational vision and mission

statements tells how the organizational unit is responsive to societal, community, and

environmental issues?

(a)Customers (b)Markets (c)Self-concept (d) Concern for public image

30) Which of the following is NOT recognized as a major area that should be included

in a business plan?

(a)Executive summary (b)Corporate culture differences

(c)Analysis of the opportunity (d)Analysis of the context

31) All of the of the following are recognized as criticisms of planning EXCEPT:

(a)Planning may create rigidity

(b)Planning focuses entrepreneurs' attention on tomorrow's survival but not today's

competition

(c)Plans can't be developed for a dynamic environment

(d)Formal planning reinforces success, which may lead to failure

32) A(n) ___________ is a form of organization in which the owner maintains complete

control over the business and is personally liable for business debts.

(a)Sole proprietorship (b)General partnership

(c)Corporation (d)Limited liability company

33) A(n) ___________ is a legal business entity that is separate from its owners and

managers.

(a)Sole proprietorship (b)General partnership

(c)Corporation (d)Limited liability company

34) Registering small Business in ______

(a)AHRD (b)AHSD (c)MHSD (d)MHRD

35)______ is the most common used in the business industry.

(a)Master Proprietorship. (b)Harsh Proprietorship.

(c)Sole Proprietorship (d)Premier Proprietorship.

36)In a _________ partners share equally in both responsibility and liability.

(a)Limited Partnership. (b)General Partnership

(c)Sole Partnership (d)Replace Partnership

37)In a _________only one partner is required to be a general partner, or to have

unlimited personal liability for the firm.

(a)Limited Partnership. (b)General Partnership

(c)Sole Partnership (d)Replace Partnership

38)In India the registration is done to the………… .

(a)Ministry of Corporate Affairs. (b)Ministry of Human Resource Development.

(c)Ministry of Registration and External Affairs` (d)Ministry of JOURNAL .

39)Sole Proprietorship is easy and inexpensive is True or false:

(a)True (b)False (c)Not considered

40) The two types of Registration are,

(a)Permanent and Prominent Registration (b)Prominent and Provisional Registration

(c)Permanent and Public Registration (d)Provisional and Permanent Registration

41)It is a business or organization owned by and operated for the benefit of those using

its services. What it refers to?

(a)Franchising (b)Cooperatives (c)Registration (d)Corporation

42)It is a company or group of people authorized to act as a single entity and

recognized as such in law. What it refers to?

(a)Franchising (b)Cooperatives (c)Registration (d)Corporation

43)A legal form of business operation between two or more individuals who share

management and profits is known as

(a)Cooperatives (b)Registration (c)Corporation (d)Partnership

44)____is a way for small business owners to benefit from the economies of scale of the

big corporation is known as

(a)Cooperatives (b)Registration (c)Corporation (d)Franchising

45) McDonald's and Subway are example for .

(a)Cooperatives (b)Registration (c)Corporation (d)Franchising

46) Abbreviation for SIDO-

(a)Small Input Deciding Organization.

(b)Seoul Incremental Development Organization.

(c)Seed Industrial Development Organization.

(d)Small Industries Development Organization.

UNIT - 4

1) Capital budgeting means

(a) Investment in fixed assets (b) Investment in current assets

(c) Investment in share (d) All the above

2) Investment in current assets are called as

(a) Capital budget (b) working capital decision

(c) dividend for share holder (d) Retained profit

3) Financial decision includes

(a) Raising of finance from various sources (b) Type of source & period

(c) Cost of finance & Returns (d) All the above

4) Dividend decision should be taken by

(a) Sharebroker (b) Shareholder

(c) Managing director (d) Finance Manager

5) Function of financial management is

(a)Estimation of capital requirement (b)determination of capital composition

(c)choice of source of shares. (d)all the above

6) For additional funds the company has to

(a)issue of shares and debut (b)loans to be taken from financial institution.

(c)public deposit to be drawn like bond (d)all the above

7) For estimating working capital we can use

(a)Percentage of sales method (b)Regressive analysis method

(c)operating cycle method (d)all the above

8) Cost and profit control done in

(a)Management of cash (b)disposal of surplus.

(c)investment of fund (d)Financial Control

9) Payment of wages and salaries is done on


(c)investment of fund (d)investment of fund

10) Dividend declaration is done in


(c)investment of fund (d)investment of fund

11) To maintain the team spirit and functions in every organisation is god of

(a) Manager (b) Financial Management

(c) Safety Management (d) HRD

12) The department of environment was established in India is

(a) 1970 (b) 1980 (c) 1990 (d) 1982

13)Department of environment because the minister of environment and forest in

(a) 1975 (b) 1985 (c) 1995 (d) 1980

14)Environment protection act was came into before in year of

(a) 1985 (b) 1995 (c) 1990 (d) 1986

15)Handling and management of hazardous waste came into force in the year

(a) 1985 (b) 1989 (c) 1995 (d)1980

16) The public liability insurance act amendment 1992 was came into for a

(a) 1989 (b) 1990 (c) 1991 (d)1992

17) The national environment Tribunal act was came into force

(a) 1995 (b) 1994 (c)1992 (d)1990

18) The national environmental appellate authority act came into force

(a) 1995 (b) 1997 (c) 1992 (d) 1999

19) The Biomedical waste (management and handling) rules

(a) 1995 (b) 1998 (c) 1997 (d)1999

20) The environment (siting for industrial projects) rules

(a) 1996 (b) 1999 (c) 1993 (d) 1980

21) The Municipal solid wastes (management and handling)

(a) 1998 (b) 2000 (c) 1997 (d) 1996

22) The Ozone depleting substances ( Regulation and control)

(a) 2002 (b) 2000 (c) 2004 (d) 2006

23) The batteries (Management and handling) rules

(a) 2002 (b) 2001 (c) 2004 (d) 2006

24) The noise pollution ( Regulation and control) Amendment

(a) 2000 (b) 2002 (c) 2004 (d) 2006

25) The Biological diversity act

(a) 2000 (b) 2002 (c) 2004 (d) 2006

26) Financial management deals with two things—managing a company's finances and: (a) operations management (b) inventory control (c) raising money (d) production management

27) In some point of purchase displays are not allowed in retail stores. Such differences are

studied by international entrepreneurs under _________ environment.

(a)Economic (b)Cultural (c)Technological (d)Political.

28)Which one of the following is not an environmental factor?

(a) Economy (b)Culture (c)Technological (d)Competition

29) Which of following assess impact of the external factors on business?

(a) Economic conditions (b)Environmental analysis

(c)Product forecast (d) Industrial analysis

30) Which of the following is most important in running an industry?

(a) Finance management (b) Marketing

(c)Government support (d) Family support.

31) In some countries, the point of purchase displays is not allowed in retail stores, such

differences are studied by international entrepreneurs are _____

(a)Economic environment (b) political environment

(c)cultural environment (d)technological environment.

32)Which of the following reviews the trends and competitive strategies by industry to

nature?

(a) Environmental analysis (b)Technical analysis

(c) Industrial analysis (d) Product forecast

33) Which programs must respond to job changes and integrate the long term plans and

strategies of the organisation to ensure the efficient and effective use of resources.

(a) HRD (b) SSI (c) SBI (d) WHO

34) The core concept of HRS is

(a) Development of human beings (b) Development of animals

(c) Development of industry (d) Development of health.

35) Which are the not the goals of HRD?

(a) The capabilities of each employee as an individual

(b) The capabilities of each individual in relation to his or her present role

(c) Collaboration among different units of the organization

(d) Development of industry.

36) Which of the following factor is most important in forming a new business?

(a) Finance (b) Marketing (c) Government support (d) Family support

37) Which two work environments should be good for spawning the new enterprises? (a) Finance and marketing (b) Finance and R&D (c) Marketing and R&D (d)Marketing and IT

38) Investment decision includes investment in __________

(a) Fixed assets (b) Current assets (c) Investment in share (d) All the above

39) Which act came after 1986 into force soon after the Bhopal gas tragedy_______

(a) Environmental protection act (b) Environmental protection rules act

(c) Indian fisheries act (d) All the above

40) The objective of hazardous waste rules came into force in the year_______

(a) 1989 (b) 1985 (c) 1986 (d) 1985

41) What allows private rights to use a resource that is ground water by viewing it is an

attachment to the land

(a) The easement act (b) The indian fisheries act

(c) The river boards act (d) The water cess act

42) Which act provides for the control and abatement of air pollution?

(a) The air prevention and control of pollution act

(b) The atomic energy act

(c) The air amendment act (d) The motor vehicles act

43) The water cess act provides for the levy and collection of cess or fees on water

consuming industries and local authorities in the ______year.

(a) 1977 (b)1988 (c)1999 (d) 1987

44) Which rules lay down such terms and conditions as are necessary to reduce noise

pollution, permit use of loud speakers?

(a) The noise pollution (b) The batteries (management and handling)

(c) The biomedical waste (d) The ozone depletion substances

UNIT – 5

1) The resistance of employees in an organization against flexibility, growth and

diversification can be overcome by developing:

(a) Entrepreneurship (b) Intrapreneurship

(c)Managerial domain (d) Administrative domain

2) The former USSR received technology and syrup from pepsi and provided it with soviet

vodka and rights to distribute it in the us. This example is for

(a) Economic development (b) Barter system

(c) Balance of payment (d) International trade

3) Which the one of the following is NOT a condition of a contract?

(a) An offer is made (b) An acceptance of offer

(c) Contract must be illegal (d) Consideration is given

4) Developing a new idea through inquiry and testing is called

(a) Heuristic (b) Forced relationship (c)Scientific method (d)Value analyses

5) Entrepreneurial success has been significant because of the culture and the political and

economic systems in

(a) European countries (b) Asian countries (c) Transition economies (d) Middle East

6) Members of distribution channels are excellent sources for new ideas because

(a) They are familiar with the needs of the market

(b) They earn a handsome profit form new business

(c) They do not bother if entrepreneur bears loss

(d) They have well-developed sales force

7) Which the following is alternatively called corporate venturing?

(a) Entrepreneurship (b)Intrapreneurship

(c)Act of stating a new venture (d)Offering new products by an existing company

8) The commitment of administrative domain to the resources is for

(a)Total amount needed (b) For certain tasks (c) For long time

9) Professional support network includes following EXCEPT

(a) Personal affiliations (b) Mentor (c) Trade associations (d) Friends

10) Generally male entrepreneurs start their first venture in the age of

(a) Late 20’s (b) Early 30’s (c) Late 30’s (d) Early40’s

11) A contract must be signed by

(a) At least one party (b) Both the parties (c) Not necessary to sing (d)By third party

12) A patent is granted fir a specified amount of time because of the assumption

(a)That during this time firm will cover its development costs

(b) That firm will earn a sufficient profit during this period

(c) To limit the monopoly of the firm

(d) That it will stimulate idea and development of a better product

13) Which of the following is/are a source of idea generation?

(a) Consumers (b) Federal government (c) brain storming (d) All of the above

14) Which of the following factors has allowed small companies to act like they are big

ones?

(a) competition (b) economic development (c)technology (d) customers

15) Which of the following geographical area is having least interest to u.s. entrepreneurs?

(a) Europe (b) the far east (c) central asia (d) transition economies

16) The startups which rarely go public are called

(a) life style (b) foundation company (c)small company (d) high potential company

17) Members of distribution channels are excellent sources for new ideas because

(a) they are familiar with the needs of the market

(b) they earn a handsome profit from new business

(c) they do not bother if entrepreneur bears a loss

(d) they have well developed sales force

18) Female entrepreneurs differ from male entrepreneurs in terms of following EXPECT

(a) motivation (b) business skills (c)departure point (d)goal orientation

19) An individual needed to be recognized is called

(a) need for independence (b) need for affiliation

(c)need for fame (d) need for achievement

20) A typical inventor is usually

(a) highly creative & in love with the invention

(b) does not encourage change

(c) willing to modify the invention in order to augment commercial benefit

(d) none of the given options

21) In terms of chronological age, most entrepreneurs initiate their entrepreneurial carrier

between the ages of

(a) 15 and 22 (b) 22 and 45 (c) 45 and 57 (d) 57 and 63

22) _________ is required if a company wants to be more flexible in adopting changes.

(a) management commitment (b) contact with customers

(c) technology (d) more productivity

23) Which one of the following is the main problem for the entrepreneur in the beginning?

(a) lack of experience (b) limited resourses (c) lack of education (d) none of these

24) Which of the following has not yet been empirically established as a distinguishing

characteristic of entrepreneurs?

(a) locus of control (b) feeling about independence

(c) need of achievement (d) risk taking

25) Which of the following contains large number of new ideas?

(a) files of patent office (b) official gazette

(c) government patent board (d) all of the given option

26) Which one the following is the method for obtaining new ideas and solutions by

focusing on problems?

(a)product inventory analysis (b) Gordon method

(c) checking method (d) Scientific method

27) Individuals influencing an entrepreneur’s career choice and style are known as

(a) role model (b) moral support network

(c) professional support network (d) support system

28) Which one of the following is required to develop a good team for creating something

new?

(a) Relationship with team members (b) Open discussion

(c) Non flexible behaviour (d) Discouragement of team member’s ideas

29) Which one of the following is a sound strategic option for an entrepreneur when

synergy is present?

(a) merger (b)joint venture (c)minority interest (d)majority interest

30) Moral support network includes following EXCEPT:

(a) Spouses (b) Friends (c)Business associates (d)Relatives

31) Which of the following grants the owners protection from anyone else making using

and selling the identified innovation

(a)utility patent (b)design patent (c) plant patent (d)international patent

32) Which of the following is NOT a requirement of disclosure document

(a) Description of the invention (b) Claims for invention usefulness

(c) Photos of invention (d) Cover letter

33) The decision to start a new business is taken when one perceives that forming a new

business is

(a) Possible (b) Desirable (c) Accurate (d) Both a and b

34) Which one of the following is the way by which an entrepreneur can enter into

international business

(a) Export (b) Non equality arrangements

(c) Direct foreign investments (d) All of the given options

35) There is an evidence that an entrepreneur usually has ------------- parents

(a) Self employed (b) Discouraged (c) Non supportive (d) Strict

36) Idea of new product is tested in potential consumers to determine consumer

acceptance at ---------------- stage

(a) Concept (b) Product development (c) Test marketing (d) Commerce civilization

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