This quiz works best with JavaScript enabled. Home > Agriculture > Business > Entrepreneurship > Entrepreneurship Development – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 12 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The activity which occurs when the new venture is started is called A) Goal orientation. B) Business skills. C) Departure point. D) Motivation. Show Answer Correct Answer: C) Departure point. 2. Additional time which a non-critical activity can consume without increasing the project duration is called ..... A) Free Float. B) Dependant Float. C) Independent Float. D) Total Float. Show Answer Correct Answer: D) Total Float. 3. Investment in which of the following is most risky? A) Equity shares. B) Preference shares. C) . Debentures. D) Land. Show Answer Correct Answer: C) . Debentures. 4. To be feasible, your venture must A) Be innovatice. B) Create a new or improved product. C) Fullfill a need for the target market. D) Serve the greater public good. Show Answer Correct Answer: C) Fullfill a need for the target market. 5. ..... entrepreneurs have the goal of leveraging business for the betterment of society. A) Cultural. B) Green. C) Techno. D) Drone. Show Answer Correct Answer: A) Cultural. 6. Entrepreneurship is .....? A) Starting and operating a business. B) The process of applying for a loan. C) The formal name of closing a business. D) Teaching a younger person a trade. Show Answer Correct Answer: A) Starting and operating a business. 7. An undertaking or adventure involving an uncertainity and risk and requiring innovation is called ..... A) Enterprise. B) Secretary. C) Employee. D) None of above. Show Answer Correct Answer: A) Enterprise. 8. ..... describes the direction, the enterprise is going in, what its goals are, where it wants to be, and how it is going to get there. A) Technical anlaysis. B) Project report. C) Market analysis. D) Financial analysis. Show Answer Correct Answer: B) Project report. 9. Market potential of the project report includes ..... A) Demand and supply conditions. B) Market strategy. C) After sales service. D) All the above. Show Answer Correct Answer: D) All the above. 10. Define woman running an enterprise? A) An enterprise owned and controlled by a men having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women. B) An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women. C) An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital only. D) An enterprise owned and controlled by a women having a minimum financial interest of 40% of the capital and giving at least 41% of the employment generated in the enterprise to women. Show Answer Correct Answer: B) An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women. 11. There are 4 (FOUR) sources of income that you can choose to involve which is employee, business owners, self-employed and investor. Which is the best sources of income that can lead to the most income in your life? (C2) A) Self-employed. B) Business owners. C) Employee. D) Investor. Show Answer Correct Answer: B) Business owners. 12. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment? A) Merger. B) Majority interest. C) Minority Interest. D) Joint venture. Show Answer Correct Answer: C) Minority Interest. 13. ..... is a statement of what is to be achievable, measurable and stated with specific time frames. A) Vision. B) Objective. C) Goal. D) Mission. Show Answer Correct Answer: B) Objective. 14. A person who managed large project was termed as the entrepreneur in the ..... A) Earliest period. B) Middle ages. C) 17th century. D) 19th and 20th century. Show Answer Correct Answer: D) 19th and 20th century. 15. When a firm enters into some business which is related with its present business in terms of technology, marketing or both it is called as ..... A) Concentric integration. B) Vertical integration. C) Horizontal integration. D) Conglomerate diversification. Show Answer Correct Answer: A) Concentric integration. 16. The process of enhancing entrepreneurial skills and knowledge through structured training and institution building programmes is called as ..... A) Entrepreneurship Training. B) Entrepreneurship Development. C) Entrepreneurship Management. D) None of above. Show Answer Correct Answer: B) Entrepreneurship Development. 17. There are four main bases of market segmentation which consist of:- (C2) A) Location, age, gender and demography. B) Age, gender, location and salary. C) Geographic, psychographic, macroscopic and microscopic. D) Geographic, demographic, behavioural and psychographic. Show Answer Correct Answer: D) Geographic, demographic, behavioural and psychographic. 18. Having more than 50% ownership position that provides the entrepreneur with managerial control is called: A) Majority interest. B) Joint venture. C) Horizontal merger. D) Diversified activity merger. Show Answer Correct Answer: A) Majority interest. 19. Which of the following is not correct? A) Franchisor lacks freedom. B) Distributor is a middleman. C) None of these. D) Adoptive entrepreneurs are imitative. Show Answer Correct Answer: A) Franchisor lacks freedom. 20. Why are small businesses important to a country's economy? A) They give an outlet for entrepreneurs. B) They can provide specialist support to larger companies. C) They can be innovators of new products. D) All the above. Show Answer Correct Answer: D) All the above. 21. CPM stands for ..... A) Critical Probabilistic Method. B) Clear Path Method. C) Continuous Path Method. D) Critical Path Method. Show Answer Correct Answer: D) Critical Path Method. 22. Which of the following is a psychological factor affecting entrepreneurial growth? A) Legitimacy of entrepreneurship. B) Social status. C) Need for achievement. D) None of these. Show Answer Correct Answer: C) Need for achievement. 23. What is the main sales objective? (C1) A) Maximizing cost and maximizing profits. B) Minimizing cost and minimizing profits. C) Minimizing profits and maximizing cost. D) Minimizing cost and maximizing profits. Show Answer Correct Answer: D) Minimizing cost and maximizing profits. 24. What is the initial source of finance? A) IPO. B) Self Finance. C) Investment Firms. D) None of above. Show Answer Correct Answer: B) Self Finance. 25. Suppose an entrepreneur wants to start a new company or wants to build a company around an idea. Identify the key questions he/she would want to consider A) 1.I know what works and there is nothing new being offered in the market. B) 2. The technology is nothing for me; I know which technology can do what. C) 3. We have everything in place and with our knowledge nobody can come close to us. D) 4. People are independent to start on their own.Let me work to understand the key elements to effectively pursue this opportunity along with demand needs and our offering in line with resources available to us. Show Answer Correct Answer: D) 4. People are independent to start on their own.Let me work to understand the key elements to effectively pursue this opportunity along with demand needs and our offering in line with resources available to us. 26. Initial/first stage of business A) Staffing. B) Idea generation. C) Selling. D) Marketing. Show Answer Correct Answer: B) Idea generation. 27. What is the role of a Business Angel? A) To provide small business advice. B) To provide capital for business development in exchange for a stake in the Business ownership. C) To set up a franchise business. D) To assist an entrepreneur to open a lifestyle business. Show Answer Correct Answer: B) To provide capital for business development in exchange for a stake in the Business ownership. 28. The financial section of a feasibility study must include sources of A) Technology. B) Funding. C) Staffing. D) Materials. Show Answer Correct Answer: B) Funding. 29. The EDP's are based on kakinanda District of ..... A) Kerala. B) Karnataka. C) Andhra Pradesh. D) Orissa. Show Answer Correct Answer: C) Andhra Pradesh. 30. A feasibility study can form a solid foundation for which of the following business documents A) Business plan. B) Income statement. C) Annual sales report. D) Balance sheet. Show Answer Correct Answer: A) Business plan. ← PreviousNext →Related QuizzesBusiness QuizzesAgriculture QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 7Entrepreneurship Development Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books