This quiz works best with JavaScript enabled. Home > Agriculture > Business > Entrepreneurship > Entrepreneurship Development – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The level at which an individual is viewed by society is called: A) Social status. B) Financial status. C) Achievement. D) Qualification. Show Answer Correct Answer: A) Social status. 2. What are the main problems facing female entrepreneurs? A) Lack of finance. B) Scarcity of raw material. C) Limited mobility. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Entrepreneurs are referred to as ..... Factor of production. A) Second. B) Fourth. C) First. D) Third. Show Answer Correct Answer: B) Fourth. 4. DIC is headed by General Manager in the rank of ..... A) Assistant Director of industries. B) Departmental officer. C) Non-departmental officer. D) Joint Director of industries. Show Answer Correct Answer: D) Joint Director of industries. 5. As per the new Definition of Micro, Small and Medium Enterprises from 2019 onwards, a Medium Enterprises is? A) Annual turnover is between Rs. 75 Cr to Rs. 250 cr. B) Annual turnover is between Rs. 5 Cr to Rs. 75 cr. C) Annual turnover more than Rs. 250 cr. D) Annual turnover is less than Rs.5 cr. Show Answer Correct Answer: A) Annual turnover is between Rs. 75 Cr to Rs. 250 cr. 6. What is Technical Appraisal? A) Critical study of environmental effect. B) Study of Selection of process/technology. C) Study of market for product/service. D) None of the above. Show Answer Correct Answer: B) Study of Selection of process/technology. 7. Successful entrepreneurs are innovative. Which of these traits of a business leader is most consistent with innovative leaders? A) Problem solver who can identify new solutions to problems. B) Works well with other employees in the business. C) Manages the financial risk of the business. D) Task oriented or someone who sticks with a job. Show Answer Correct Answer: A) Problem solver who can identify new solutions to problems. 8. Industries producing complete articles for direct consumption & also processing industries is called as ..... A) Manufacturing industries. B) Feeder Industries. C) Service Industries. D) Mining or Quarrying. Show Answer Correct Answer: A) Manufacturing industries. 9. A well-executed feasibilty study A) Is rigid in its scope. B) Doesn't exceed three papers. C) Is articulate. D) Tells owners/managers what decision to make. Show Answer Correct Answer: C) Is articulate. 10. What do you mean by entrepreneurship? A) Doing old business. B) Starting a new business. C) Doing a job. D) All three. Show Answer Correct Answer: B) Starting a new business. 11. Pick the odd one out. A) Need achievement. B) Social marginality. C) Social mobility. D) Security. Show Answer Correct Answer: A) Need achievement. 12. Idea of new product is tested in potential consumers to determine consumer acceptance at ..... stage. A) . Product development. B) Test marketing. C) Commercialization. D) Concept. Show Answer Correct Answer: B) Test marketing. 13. Large investment is made in fixed assets, the project will be termed as ..... A) Labour Intensive. B) Product Intensive. C) Capital Intensive. D) Market Intensive. Show Answer Correct Answer: C) Capital Intensive. 14. . District Industries Centres are located ..... A) In each state. B) Only in selected districts. C) In each district. D) Only in selected states. Show Answer Correct Answer: C) In each district. 15. A business's computer networking requirements would be listed in which section of a feasibility study A) Financial. B) Technical. C) Marketing. D) Organizational. Show Answer Correct Answer: B) Technical. 16. Imitating entrepreneurs are also known as ..... A) Fabian entrepreneur. B) Pure entrepreneur. C) Drone entrepreneur. D) Adoptive entrepreneur. Show Answer Correct Answer: D) Adoptive entrepreneur. 17. ..... is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds. A) Project appraisal . B) Project formulation. C) Project evaluation. D) Project Design. Show Answer Correct Answer: A) Project appraisal . 18. Business that sells products like food, Clothing and cars A) Retail Business. B) Service Business. C) Product Business. D) None of above. Show Answer Correct Answer: A) Retail Business. 19. When a firm enters into business which is unrelated to its existing business both in terms of technology and marketing ..... A) . conglomerate diversification. B) Concentric integration. C) Horizontal integration. D) Vertical integration. Show Answer Correct Answer: A) . conglomerate diversification. 20. What does the term "boot-strapping" refer to? A) Self-funding a business or project. B) Starting a business with very few assets. C) Tying yourself to a business partner to fund a venture. D) Strapped with maximum amount of debt to start a business. Show Answer Correct Answer: A) Self-funding a business or project. 21. The business that sells products like food, clothing and cars. A) Franchises. B) Service Business. C) Retail Business. D) None of above. Show Answer Correct Answer: C) Retail Business. 22. PERT stands for:- A) People's Evaluation & Review Technique. B) Project Evaluation & Referring Technique. C) Project Evaluation & Review Technique. D) None of the Above. Show Answer Correct Answer: C) Project Evaluation & Review Technique. 23. The application of scientific methods, techniques and tools to problems involving the operations of a system so as to provide those in the control of the system with optimum solutions to the problems is known as:- A) Applied Research. B) Actual Research. C) Action Research. D) Operational Research. Show Answer Correct Answer: D) Operational Research. 24. Which of the following risks is borne by the entrepreneur? A) Financial risks. B) Personal risks. C) Psychological risks. D) All of these. Show Answer Correct Answer: D) All of these. 25. The 'T' in a PESTLE analysis refers to ..... A) Talent. B) Technology. C) Training. D) Time. Show Answer Correct Answer: B) Technology. 26. Activities which must be finished before a given event can occur are termed as ..... A) Concurrent Activities. B) Preceeding Activities. C) Succeeding Activities. D) Dummy Activities. Show Answer Correct Answer: B) Preceeding Activities. 27. Activities which can be accomplished simultaneously are termed as ..... A) Concurrent Activities. B) Dummy Activities. C) Succeeding Activities. D) Preceeding Activities. Show Answer Correct Answer: A) Concurrent Activities. 28. Which of the following factors has allowed small companies to act like they are big ones? A) Competition. B) Customers. C) Technology. D) Economic growth. Show Answer Correct Answer: C) Technology. 29. Which of the following is not a limitation of franchising? A) Prescribed format. B) No ownership transfer. C) Non renewal of agreement. D) Continuous support. Show Answer Correct Answer: D) Continuous support. 30. The final step in the process of conducting a feasibility study is A) Presenting the study to the appropriate audience. B) Writing a brief description of the project. C) Assessing technical needs. D) Reviewing your work carefully. Show Answer Correct Answer: A) Presenting the study to the appropriate audience. ← PreviousNext →Related QuizzesBusiness QuizzesAgriculture QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 7Entrepreneurship Development Quiz 8Entrepreneurship Development Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books