This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship Development – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. "Stay Hungry. Stay Foolish." Steve Jobs said this is something he has always wished for himself, and something he would wish for new college graduates and entrepreneurs too because it will lead to A) 1.Entrepreneurs go without food and keep making rash decisions. B) 2. Will lead to endless goal searching for entrepreneurs. C) 3. Will support to aspire for growth so entrepreneurs constantly keep improving themselves. D) 4. Remaining foolish refers to them daring to think just different all the time. Show Answer Correct Answer: C) 3. Will support to aspire for growth so entrepreneurs constantly keep improving themselves. 2. Family business always interested to handover the change of his business to: A) Indian Administration Officers. B) Professional Managers. C) Next generation. D) None of the above. Show Answer Correct Answer: C) Next generation. 3. Who is Angel capitalist? A) Bank. B) State Financial Corporations. C) Individual who invest their own money for a business start-up, usually in exchange for convertible debt or ownership equity. D) Individual or firm invests in small companies, generally using money pooled from investment companies, large corporations, and pension funds. Show Answer Correct Answer: C) Individual who invest their own money for a business start-up, usually in exchange for convertible debt or ownership equity. 4. ..... is granted to small scale units under section 33B of the Income tax act, 1961. A) Depreciation Allowance. B) Development Debate. C) . Investment Allowance. D) Rehabilitation Allowance. Show Answer Correct Answer: D) Rehabilitation Allowance. 5. What are the functions that an entrepreneur performs? A) 1.Idea generation. B) 2. determination of business objectives. C) 3. raising of funds. D) 4. All of the above. Show Answer Correct Answer: D) 4. All of the above. 6. "Personality, lifestyle, attitudes and class" can be classified under which segmentation? (C2) A) Geographic. B) Demographic. C) Micrographic. D) Psychographic. Show Answer Correct Answer: D) Psychographic. 7. Which of the following is the best statement for brainstorming? A) Coming up with a single solution to a problem. B) Coming up with a main and a backup idea or solution. C) Coming up with many ideas or solutions as possible through discussions and consultations. D) Discarding any risky ideas or solutions for problems. Show Answer Correct Answer: C) Coming up with many ideas or solutions as possible through discussions and consultations. 8. New Small Scale industries are exempted from the payment of income tax under section 80Jis called ..... A) Development Rebate. B) Investment Allowance. C) Rehabilitation Allowance. D) Tax Holiday. Show Answer Correct Answer: B) Investment Allowance. 9. A business owned and run by 2 or more people is called ..... A) Partnership. B) Sole Proprietorship. C) Corporation. D) None of above. Show Answer Correct Answer: A) Partnership. 10. Strategic entrepreneurial marketing has been summarised as the 4Is:identification of target markets, interactive marketing methods, informal intelligence gathering and what is the fourth? A) . independence. B) Instructiveness. C) Innovation. D) Internet. Show Answer Correct Answer: C) Innovation. 11. A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as? A) Ecopreneur. B) Technopreneur. C) Intrapreneur. D) Social Entrepreneur. Show Answer Correct Answer: C) Intrapreneur. 12. Reserve bank of India is a/an ..... A) Statutory corporation. B) Company limited by guarantee. C) Company limited by shares. D) Unlimited company. Show Answer Correct Answer: A) Statutory corporation. 13. In order to be an entrepreneur you will have to A) Face risks. B) Innovate. C) Organise and develop product. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Identify the famous Tagline " Plug Into Nirvana " A) BOAT. B) JBL. C) BOSE. D) SONY. Show Answer Correct Answer: A) BOAT. 15. Which decade was declared The Decade of Women by the United Nations? A) 2005-2015. B) 2015-2025. C) 1975-1985. D) 1985-1995. Show Answer Correct Answer: C) 1975-1985. 16. Which is push factor responsible for Women Entrepreneurship? A) Family income is insufficient. B) Financial Independence. C) Use of the existing skills and education. D) Higher social status. Show Answer Correct Answer: A) Family income is insufficient. 17. Advantages of Project Financing are:- A) Effective Debt Allocation. B) Risk Management. C) Economies of Scale. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 18. Entrepreneurs are able to create opportunities from problems because A) 1. they have access to correct resources. B) 2. They are plain lucky to be at the right place and at the right time. C) 3. They keep on trying, trying and are not being distracted by superficial features. D) 4. They think structurally to identify opportunities by making connections between a technology and a market that may not be obvious. Show Answer Correct Answer: D) 4. They think structurally to identify opportunities by making connections between a technology and a market that may not be obvious. 19. Methods of training are: A) Lecture method. B) Conferences. C) Group instructions. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. ..... represents the automation of the fundamental, routine process used to support business operations. A) DSS. B) TPS. C) ESS. D) BES. Show Answer Correct Answer: B) TPS. ← PreviousNext →Related QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 7Entrepreneurship Development Quiz 8Entrepreneurship Development Quiz 9Entrepreneurship Development Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books