Entrepreneurship Development Set 13
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This set of Entrepreneurship Development (ED) Multiple Choice Questions & Answers (MCQs) focuses on Entrepreneurship Development Set 13
Q1 | . describes the direction, the enterprise is going in, what its goals are, where it wants to be,and how it is
- project report
- technical anlaysis
- market analysis
- financial analysis
Q2 | A business arrangement where one party allows another party to use a business Name and sell its products or services is known
- A cooperative.
- A franchise
- An owner-manager business
- A limited company
Q3 | Innovation can best be defined as_______.
- the generation of new ideas.
- the evolution of new ideas.
- the opposite of creativity.
- the successful exploitation of new ideas.
Q4 | Which of these statements best describes the context for entrepreneurship?
- Entrepreneurship takes place in small businesses.
- Entrepreneurship takes place in large businesses.
- Entrepreneurship takes place in a wide variety of contexts.
- Entrepreneurship does not take place in social enterprises.
Q5 | Entrepreneurship can best be described as _________.
- a process that requires setting up a business.
- taking a significant risk in a business context.
- having a strong vision.
- a process involving innovation, new products or services, and value creation.
Q6 | Entrepreneurial development is the key to achieve all-round ---------------- through acceleration of industrial and entrepreneurial activities.
- economic development
- increase in profits
- shareholders value
- business development
Q7 | According to sociological approach, entrepreneurship
- Process of sensitivity
- Process of role performance
- Process of economic change
- All of these
Q8 | Which of the following attitudes Is not generally associated with successfulentrepreneurship :
- Competition and co-operation
- Desire to influence others
- Innovation and product improvement
- Status quo in business
Q9 | The function of entrepreneur are:
- To imagine a business idea
- To study project feasibility
- To setup enterprise
- All the above
Q10 | Which of the following sentence is not a characteristic of entrepreneurship:
- Risk taking
- Innovation
- Creative activity
- Managerial training
Q11 | An entrepreneur is:
- Born
- Made
- Bom and made both
- All of these
Q12 | Which of the following sentence is inconsistent in the context of entrepreneur:
- He is owner of the business
- He is risk taker
- He operates production activities
- He searches out business opportunities
Q13 | Maslow’s Hierarchy of needs theory is governed by the fact that:
- People are universally motivated by needs
- People are socially motivated by needs
- People are politically motivated by needs
- None of the above
Q14 | 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:
- Trading Entrepreneurs
- Imitative Entrepreneurs
- First generation Entrepreneurs
- Innovative Entrepreneurs
Q15 | All but which of the following is considered to be a myth associated with entrepreneurship?
- Successful entrepreneurs are born not made
- First ventures are always successful
- All entrepreneurs must willingly invest significant sums of money
- Successful entrepreneurs must have a break-through invention
Q16 | Entrepreneurial culture and growth orientation consists of all of the following except:
- Encouraging employees to generate ideas
- Focusing on opportunities.
- The desire to grow at a slow and controlled pace.
- Being creative.
Q17 | Intrapreneurship often takes the form of
- A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization.
- A spinout venture from a university to commercial a new invention.
- A subsidiary of a large corporation developing a new product.
- A semi-autonomous group operating outside the overarching structure of the parent organization.
Q18 | A ______________ is a professional money manager who makes risk investment from apool of equity capital to obtain a high rate of return on investments.
- venture capitalist
- entrepreneur
- businessman
- buyer
Q19 | A business plan is important for all of the following reasons EXCEPT:
- a business plan forces a firm's founders to systematically think through each aspect of their new venture.
- a business plan provides lenders and investors assurance that they will earn a decent return.
- a business plan provides an investor with something to react to.
- a business plan is a selling document that enables a company to present itself to potential suppliers and business partners.
Q20 | A new venture's business plan is important because ______.
- It helps to persuade others to commit funding to the venture.
- Can help demonstrate the viability of the venture.
- Provides a guide for business activities by defining objectives.
- All the above.
Q21 | To provide financial assistance to entrepreneurs the government has set up a number of___________.
- financial advisors.
- financial intermediaries.
- Industrial estates.
- financial institutions.
Q22 | _____________ can be defined as a specifically evolved work plan densed to achieve a Specific objective within a specific period of time
- Idea generation.
- Opportunity Scanning.
- Project.
- Strategy
Q23 | _____________ is used to accomplish the project economically in the minimum availabletime with limited resources
- Project Scheduling.
- Network Analysis.
- Budget Analysis.
- Critical Planning
Q24 | ______________ is a form of financing especially for funding high technology, high riskand Perceived high reward projects
- Fixed capital.
- Current capital.
- Seed capital.
- Venture capital.
Q25 | _____ is a favorable set of circumstances that creates a need for a new product, service, orbusiness.
- A niche
- A venture
- A trend
- An opportunity