This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship Development – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A person owning and running a small firm, is known as ..... A) A manager-owner. B) An owner-manager. C) A professional adapter. D) An enterprise worker. Show Answer Correct Answer: B) An owner-manager. 2. The process that motivates a person into action and induces him to continue the course of action for the achievement of goals is called as ..... A) Hard Work. B) Value. C) Motivation. D) None of above. Show Answer Correct Answer: C) Motivation. 3. ..... is an activity-oriented approach. A) CPM. B) PERT. C) GERT. D) WASP. Show Answer Correct Answer: A) CPM. 4. DGTD stands for ..... A) Directorate General of Technical Development. B) District General of Technical Development. C) District General of Taxation Deduction. D) Directorate General of Taxation Deduction. Show Answer Correct Answer: A) Directorate General of Technical Development. 5. Choose the correct statement on the advantages of social media marketing. (C3) A) High commitment of resources to managing your social media presence, responding to feedback and producing new content. B) Ineffective use - for example, using the network to push for sales without engaging with customers, or failing to respond to negative feedback - may damage your reputation. C) Difficult to quantify the return on investment. D) Compelling and relevant content will grab the attention of potential customers and increase brand visibility. Show Answer Correct Answer: D) Compelling and relevant content will grab the attention of potential customers and increase brand visibility. 6. As per MSMED Act 2006, in service sector a small enterprises is? A) Investment in equipment in less than or equal to Rs 10 Lakh. B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. C) Investment in equipment in between Rs 2 Cr and Rs 5 Cr. D) Investment in equipment in more than Rs 5 Cr. Show Answer Correct Answer: B) Investment in equipment in between Rs 10 lakh and Rs 2 Cr. 7. What is Economic Appraisal? A) Study on Scale of operations. B) Study on Technical Know-how. C) Study on Plant layout. D) Study on effect of the project on the whole economy. Show Answer Correct Answer: D) Study on effect of the project on the whole economy. 8. He granting of cash subs idy on the capital investment is called ..... A) Concessional finance. B) Quantum of Subsidy. C) Interest Subsidy. D) Central Investment Subsidy. Show Answer Correct Answer: D) Central Investment Subsidy. 9. Which is the best statement that best describe internet or online marketing? (C2) A) The process of promoting brand, product or services over the internet. B) The process of promoting product or services only over the internet. C) The process of promoting brand, product or services through online and offline. D) The process of promoting brand, product or services through offline. Show Answer Correct Answer: A) The process of promoting brand, product or services over the internet. 10. . Business risks can be ..... A) Avoided. B) Reduced. C) . ignored. D) . erased. Show Answer Correct Answer: B) Reduced. 11. Mr. A is keen to purchase branded items regardless how much does it cost. Which customer segments do you think Mr. A belongs to? (C2) A) Convenience seekers. B) Brand buyers. C) Casual buyers. D) Bargain hunters. Show Answer Correct Answer: A) Convenience seekers. 12. 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. 13. 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. 14. 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. 15. A brief account of the key points contained in a business plan A) Executive Summary. B) Company Description. C) Mission Statement. D) Vision Statement. Show Answer Correct Answer: A) Executive Summary. 16. LOB stands for ..... A) Line of Business. B) Line of Balance. C) Loss of Business. D) Loss of Balance. Show Answer Correct Answer: B) Line of Balance. 17. What might be the reason for failure of most of the startups? A) Low Budget. B) Location. C) Incorrect Market Analysis. D) Management. Show Answer Correct Answer: C) Incorrect Market Analysis. 18. 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. 19. Which of the following is a reason to conduct a feasibility study A) Choosing an advertising slogan. B) Considering a new product idea. C) Ordering office supplies. D) Hiring a new employee. Show Answer Correct Answer: B) Considering a new product idea. 20. Environmental scanning focuses ..... A) Profit. B) Ideas. C) Production. D) Creativity. Show Answer Correct Answer: B) Ideas. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books