This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship Development – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An entrepreneur must know.. A) Only the parts of the business they like. B) No parts of the business management. C) All parts of business:finance, marketing, etc. D) None of above. Show Answer Correct Answer: C) All parts of business:finance, marketing, etc. 2. Which of the following is a method for gathering data from potential customers during the market analysis portion of a feasibility study A) SWOT analysis. B) Social media surveys. C) Research and development. D) Profitability analysis. Show Answer Correct Answer: B) Social media surveys. 3. IDBI stands for:- A) Industrial Developing Bank of India. B) International Development Bank of India. C) Industrial Development Bank of India. D) None of the above. Show Answer Correct Answer: C) Industrial Development Bank of India. 4. The application for registration of a small scale unit should be submitted to the ..... A) General manager, DIC. B) Director, DIC. C) General manager. NSIC. D) Director, NSIC. Show Answer Correct Answer: A) General manager, DIC. 5. Which are the limitations on Projected Financial Statements A) Unforeseen Situations. B) Narrowed Focus. C) Takes Time. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Feasibility studies can help owners/managers to determine A) The best place to recruit new employees. B) The best time to start a project or venture. C) What their competitors will do. D) Where to find goof prices on rare materials. Show Answer Correct Answer: B) The best time to start a project or venture. 7. What is Floating of SMEs? A) Registration of firm. B) Applying for Loan. C) Giving over a percentage of the company for purchase by the public in the form of shares. D) None of the above. Show Answer Correct Answer: C) Giving over a percentage of the company for purchase by the public in the form of shares. 8. Which of the following is correct about MSMEs? A) Old classification was based on annual turnover. B) New classification based on investment. C) Based on MSMED Act 2007. D) None of these. Show Answer Correct Answer: D) None of these. 9. The first step in determining financial for a feasibility study is to A) List all sources of funding. B) Create a budget for start-up costs. C) Estimate expected revenue. D) Estimate operating expenses. Show Answer Correct Answer: B) Create a budget for start-up costs. 10. What is a business model? (C1) A) It is a documentation on how to manage company's employee. B) It is a blueprint on company's organizational structure. C) It is a documentation on how the company's capture consumer's value. D) It is a blueprint on how an organization creates, delivers and captures value. Show Answer Correct Answer: D) It is a blueprint on how an organization creates, delivers and captures value. 11. Which of the following involves information regarding anticipated risks and the ways to mitigate them? A) Management and Organization Plan. B) Contingency Plan. C) Operations Plan. D) Financial Plan. Show Answer Correct Answer: D) Financial Plan. 12. What motivates female entrepreneurship? A) Money. B) Personal Enrichment. C) A drive to make societal changes. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Identify the characteristics of family business in India? A) 1.Family business is not common in the Indian economy like elsewhere in the world. B) 2. Family business is a firm that is not closely identified with at least two generations of a family. C) 3. Family business in India never has had a mutual influence on company policy and on the interests and objectives of the family. D) 4. Family exercises control over family business in the form of ownership or in the form of management of the firm where family members are employed on key positions in India. Show Answer Correct Answer: D) 4. Family exercises control over family business in the form of ownership or in the form of management of the firm where family members are employed on key positions in India. 14. Which of the following is NOT nature of Small Business? A) Shoestring Budget. B) Labour intensive. C) Non Community-based. D) Indigenous technology. Show Answer Correct Answer: C) Non Community-based. 15. What was the name of the company Ryan established? A) Ryan's Recycling Company. B) Ryan's Bottles company. C) Ryan's Box Company. D) Ryan's Bag company. Show Answer Correct Answer: A) Ryan's Recycling Company. 16. Business model canvas consist of ..... blocks to understand the overall picture of the chosen business. (C1) A) Ten. B) Eight. C) Nine. D) Six. Show Answer Correct Answer: C) Nine. 17. National Alliance of Young Entrepreneurs (NAYE) Sponsored an Entrepreneurial Development scheme with Bank of India in ..... A) January 1920. B) August 1920. C) January 1972. D) August 1972. Show Answer Correct Answer: D) August 1972. 18. Individuals influencing an entrepreneur's career choice and style are known as which of the following? A) Moral-support network. B) Role model. C) Professional support network. D) Support system. Show Answer Correct Answer: B) Role model. 19. Which of the following businesses would most likely be considered a scalable startup business? A) Local grocery store. B) Agricultural equipment sales dealership, like John Deere. C) A GPS or Drone manufacturer. D) A food pantry operated as a non-for-profit business. Show Answer Correct Answer: C) A GPS or Drone manufacturer. 20. ....., which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even. A) Working capital. B) . cost of capital. C) Cost of production. D) Cost of equity. Show Answer Correct Answer: A) Working capital. ← PreviousNext →Related QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship Development Quiz 5Entrepreneurship Development Quiz 6Entrepreneurship Development Quiz 7Entrepreneurship Development Quiz 8Entrepreneurship Development Quiz 9Entrepreneurship Development Quiz 10Entrepreneurship Development Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books