This quiz works best with JavaScript enabled. Home > Agriculture > Business > Entrepreneurship > Entrepreneurship Development – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 9 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. EXIM bank is a ..... A) State-level institution. B) . Regional -level institution. C) . All India institution. D) International institution. Show Answer Correct Answer: C) . All India institution. 2. ..... is an event-oriented approach . A) WASP. B) GERT. C) CPM. D) PERT. Show Answer Correct Answer: D) PERT. 3. Select the odd one out. A) Pure entrepreneur. B) Spontaneous entrepreneur. C) Induced entrepreneur. D) Business entrepreneur. Show Answer Correct Answer: D) Business entrepreneur. 4. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur's enterprise: A) 35 per cent. B) 51 per cent. C) 25 per cent. D) None of the above. Show Answer Correct Answer: C) 25 per cent. 5. The oldest form of business organization is ..... A) . Partnership. B) Sole proprietorship. C) Joint stock company. D) Co-operative undertaking. Show Answer Correct Answer: B) Sole proprietorship. 6. Full time job which requires dedication and hard work. A) Entrepreneur. B) Enterprise. C) Entrepreneurship. D) None of above. Show Answer Correct Answer: C) Entrepreneurship. 7. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as ..... A) Routine decisions. B) Strategic decisions. C) Organizational decisions. D) Personal decisions. Show Answer Correct Answer: A) Routine decisions. 8. State Industrial corporations engage in the development of ..... A) Individual investors. B) Institutional estates. C) Agricultural entrepreneurs. D) Industrial estates. Show Answer Correct Answer: D) Industrial estates. 9. Entrepreneurial development is the key to achieve all-round ..... through acceleration of industrial and entrepreneurial activities. A) Business development. B) Increase in profits. C) Shareholders value. D) Economic development. Show Answer Correct Answer: D) Economic development. 10. Which of the following are challenges of entrepreneurship? A) Requires a substantial amount of knowledge or skills to manage. B) Difficulties associated with managing employees. C) Inconsistent cash flow. D) All of the above are challenges. Show Answer Correct Answer: D) All of the above are challenges. 11. Which is not a characteristics of an entrepreneur. A) Hard work. B) Future vision. C) Highly optimistic. D) Self starter. Show Answer Correct Answer: D) Self starter. 12. A person who is associated with starting a business is know as A) Salesman. B) Businessman. C) Merchant. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. 13. ..... is a problem -solving technique designed to produce numerous ideas in a short period A) Delphi technique. B) Brain storming. C) Synectics. D) Nominal group technique. Show Answer Correct Answer: B) Brain storming. 14. The process by which top management determines the long-term direction of the organization by ensuring that careful formulation, implementation and continuous evaluation of strategy take place is known as A) Strategic Decision Making. B) Strategic Management. C) Strategic Planning. D) None of the Above. Show Answer Correct Answer: B) Strategic Management. 15. In ....., machines and equipments are arranged in the order or sequence in which they are to be used for manufacturing the product A) Factory Layout. B) Process Layout. C) Product Layout. D) Combined Layout. Show Answer Correct Answer: C) Product Layout. 16. Which phase includes Preparation of training syllabus A) Pre-training phase. B) Training phase. C) Post training phase. D) None of these. Show Answer Correct Answer: A) Pre-training phase. 17. Having less than 50 percent of equity share in an international venture is called: A) Majority interest. B) Exporting. C) Minority interest. D) Joint Venture. Show Answer Correct Answer: C) Minority interest. 18. How a company will make customers aware of its products/services A) Marketing Plan. B) Industry Overview. C) Product and Service Plan. D) Growth Plan. Show Answer Correct Answer: A) Marketing Plan. 19. Which is NOT a common characteristic of an entrepreneur? A) Risk-taker. B) Irresponsible. C) Creative. D) Organized. Show Answer Correct Answer: B) Irresponsible. 20. Which trait or characteristic would describe a successful entrepreneur? A) Shy. B) Bossy. C) Lazy. D) Self Starter. Show Answer Correct Answer: D) Self Starter. 21. Royalty is the amount paid by the franchisee to the A) License. B) Franchisor. C) Legal Advisor. D) Licensor. Show Answer Correct Answer: B) Franchisor. 22. Every entrepreneur should draw an ..... for his project to ensure the timely completion of all activities involved in setting up an enterprise. A) Cost structure. B) . production structure. C) Market structure. D) Implementation plan. Show Answer Correct Answer: D) Implementation plan. 23. TIIC is sponsored by the ..... A) Government of Karnataka. B) Government of Andhra Pradhesh. C) Government of Kerala. D) Government of Tamil Nadu. Show Answer Correct Answer: D) Government of Tamil Nadu. 24. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ..... A) Non -programmed decisions. B) Programmed decisions. C) Strategic decisions. D) Routine decisions. Show Answer Correct Answer: A) Non -programmed decisions. 25. Entrepreneurial Development Institute of India was established by: A) Gujarat Government. B) Madhya Pradesh Government. C) Tamilnadu Government. D) Maharashtra Government. Show Answer Correct Answer: A) Gujarat Government. 26. Projected financial statements are also called A) Profit and loss account. B) Balance sheet. C) Pro forma financial statements. D) None of the above. Show Answer Correct Answer: C) Pro forma financial statements. 27. The capacity for innovation, investment and expansion in new markets, products and techniques. A) Entrepreneurship. B) Entrepreneur. C) Businessman. D) Business. Show Answer Correct Answer: A) Entrepreneurship. 28. Choose the correct one associated with franchising. A) Franchisee lacks freedom. B) Franchisee is the seller. C) Franchisee provides continuous support. D) Franchisor pays royalties as fees. Show Answer Correct Answer: A) Franchisee lacks freedom. 29. Who said, 'you cannot get into the business for the fashion of it'. A) Ratan Tata. B) Dhirubhai Ambani. C) Azim Premji. D) Lakshmi Mittal. Show Answer Correct Answer: C) Azim Premji. 30. Select the correct statement A) Fabian entrepreneurs are highly cautious. B) Drone entrepreneurs follow innovative methods. C) Intrapreneurs are independent of the organization. D) Distributor deals with less product lines. Show Answer Correct Answer: A) Fabian entrepreneurs are highly cautious. ← 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