This quiz works best with JavaScript enabled. Home > Agriculture > Business > Entrepreneurship > Entrepreneurship Development – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 8 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not an element of motivation? A) Motive. B) None of these. C) Behaviour. D) Goal. Show Answer Correct Answer: B) None of these. 2. The process of Strategic Management includes:- A) Strategy Formulation. B) Strategy Implementation. C) Strategy Control. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Primary data is ..... A) The most important data. B) The data that is collected first. C) New data specifically collected for a project. D) Data that is collected second. Show Answer Correct Answer: C) New data specifically collected for a project. 4. A brief account of the key points contained in a business plan A) Mission Statement. B) Company Description. C) Vision Statement. D) Executive Summary. Show Answer Correct Answer: D) Executive Summary. 5. LOB stands for ..... A) Loss of Balance. B) Line of Business. C) Line of Balance. D) Loss of Business. Show Answer Correct Answer: C) Line of Balance. 6. What might be the reason for failure of most of the startups? A) Low Budget. B) Location. C) Management. D) Incorrect Market Analysis. Show Answer Correct Answer: D) Incorrect Market Analysis. 7. Psychological factors of entrepreneurial growth includes ..... A) Need achievement & social mobility. B) Need achievement & status respect withdrawal. C) Social mobility & marginality. D) None of these. Show Answer Correct Answer: B) Need achievement & status respect withdrawal. 8. Which of the following is a reason to conduct a feasibility study A) Considering a new product idea. B) Hiring a new employee. C) Ordering office supplies. D) Choosing an advertising slogan. Show Answer Correct Answer: A) Considering a new product idea. 9. Environmental scanning focuses ..... A) Creativity. B) Profit. C) Production. D) Ideas. Show Answer Correct Answer: D) Ideas. 10. An entrepreneur with a technical background is well suited to start his enterprise as A) 1.Is very educated so can start an enterprise. B) 2.Understands innovation so can start an enterprise easily. C) 3. Can understand market dynamics easily. D) 4. Develops characteristics of quality consciousness and adoption of modern technology and management technique. Show Answer Correct Answer: D) 4. Develops characteristics of quality consciousness and adoption of modern technology and management technique. 11. The entrepreneur was distinguished from capital provider in: A) Middle ages. B) 17th century. C) 18th century. D) 19th and 20th century. Show Answer Correct Answer: C) 18th century. 12. One of the component for BMC is:(C1) A) Sale. B) Business. C) Business partner. D) Method. Show Answer Correct Answer: C) Business partner. 13. ..... is a planned system of collecting, storing, and disseminating data in the form of information needed to carry out the functions of management. A) Management Information System. B) Management Inclusive System. C) Managerial Information System. D) Management Interpretation System. Show Answer Correct Answer: A) Management Information System. 14. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information? A) Competition. B) . Supplier. C) Government bureau. D) . Retailer. Show Answer Correct Answer: D) . Retailer. 15. The majority of businesses in the United States are family-owned businesses, which are examples of: A) Small business entrepreneurship. B) Scalable startup business. C) Large company entrepreneurship. D) Social entrepreneurship. Show Answer Correct Answer: A) Small business entrepreneurship. 16. What are the Different methods of flotation? A) Placing only. B) Placing, Public offer and Introduction. C) Public offer only. D) None of the above. Show Answer Correct Answer: B) Placing, Public offer and Introduction. 17. Business means ..... A) Commerce. B) Industry and commerce. C) Trade and commerce. D) Selling and buying of goods. Show Answer Correct Answer: B) Industry and commerce. 18. . what are the components of then project report ..... A) Requirement of funds. B) Location. C) Manpower. D) All the above. Show Answer Correct Answer: D) All the above. 19. Which of the following is a characteristic typical of ..... Most entrepreneurs A) Choose no risk ventures. B) Choose high risk ventures. C) Choose moderate (or calculated) risk ventures. D) Choose low risk ventures. Show Answer Correct Answer: C) Choose moderate (or calculated) risk ventures. 20. ..... gives financial assistance to Entrepreneurs A) SBI. B) ICICI. C) IMF. D) INDIAN BANK. Show Answer Correct Answer: B) ICICI. 21. The policy which stressed the role of cottage and small-scale industries for balanced industrial development of the country is ..... A) IPR 1956. B) IPR 1940. C) IPR 1977. D) IPR 1948. Show Answer Correct Answer: D) IPR 1948. 22. There are several social media platforms can be used to promote your brand, products and services. Choose the best of social media platforms that can be integrated into your business. (C3) A) Facebook, pinterest and instagram only. B) Facebook, twitter, pinterest. C) Instagram, whatsapp, facebook and website. D) Instagram, facebook and youtube. Show Answer Correct Answer: C) Instagram, whatsapp, facebook and website. 23. Which of the following is not a function of an entrepreneur? A) Altering the government system. B) Arranging finance. C) Staffing. D) Risk and uncertainty bearing. Show Answer Correct Answer: A) Altering the government system. 24. Underestimation of project cost leads to ..... A) Cost over run. B) Cost under run. C) Time under run. D) Time over run. Show Answer Correct Answer: A) Cost over run. 25. The purpose of soft loan scheme is to encourage units to undertake ..... A) Modernization of plant and machinery. B) Replacement of plant and machinery. C) Renovation of plant and machinery. D) All the above. Show Answer Correct Answer: D) All the above. 26. Trademarks relate to ..... A) Practice and knowledge acquired through experience. B) The protection of proprietary information of commercial value. C) The right to reproduce ones own original work. D) Brand identity. Show Answer Correct Answer: D) Brand identity. 27. What is true about risk for a firm? A) 1. Risk refers to the variability of outcomes (or returns); and is important for a firm to weigh risks in decisions. B) 2. if there is risk, the returns are certain. C) 3. A firm operating in a risk-free environment will never expand. D) 4. Risk is lot of knowledge about current conditions. Show Answer Correct Answer: A) 1. Risk refers to the variability of outcomes (or returns); and is important for a firm to weigh risks in decisions. 28. As per MSMED Act, 2006, in manufacturing sector a micro enterprises is? A) Investment in plant and machinery in between Rs 25 lakh and Rs 5 Cr. B) Investment in plant and machinery in more than Rs 10 Cr. C) Investment in plant and machinery in between Rs 5 Cr and Rs 10 Cr. D) Investment in plant and machinery in less than or equal to Rs 25 Lakh. Show Answer Correct Answer: D) Investment in plant and machinery in less than or equal to Rs 25 Lakh. 29. ..... set up for the purpose of financing, facilitating, and promoting foreign trade of India A) HDFC. B) SBI. C) Repco bank. D) EXIM bank. Show Answer Correct Answer: D) EXIM bank. 30. Which type of entrepreneurial businesses are the least likely to be motivated by profit? A) Small business entrepreneurship. B) Scalable startup business. C) Large company entrepreneurship. D) Social Entrepreneurship. Show Answer Correct Answer: D) Social Entrepreneurship. ← 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books