This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship Development – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The business that sells products like food, clothing and cars. A) Franchises. B) Service Business. C) Retail Business. D) None of above. Show Answer Correct Answer: C) Retail Business. 2. PERT stands for:- A) People's Evaluation & Review Technique. B) Project Evaluation & Referring Technique. C) Project Evaluation & Review Technique. D) None of the Above. Show Answer Correct Answer: C) Project Evaluation & Review Technique. 3. The application of scientific methods, techniques and tools to problems involving the operations of a system so as to provide those in the control of the system with optimum solutions to the problems is known as:- A) Operational Research. B) Applied Research. C) Action Research. D) Actual Research. Show Answer Correct Answer: A) Operational Research. 4. Which of the following risks is borne by the entrepreneur? A) Financial risks. B) Personal risks. C) Psychological risks. D) All of these. Show Answer Correct Answer: D) All of these. 5. The 'T' in a PESTLE analysis refers to ..... A) Time. B) Technology. C) Training. D) Talent. Show Answer Correct Answer: B) Technology. 6. Activities which must be finished before a given event can occur are termed as ..... A) Preceeding Activities. B) Succeeding Activities. C) Concurrent Activities. D) Dummy Activities. Show Answer Correct Answer: A) Preceeding Activities. 7. Activities which can be accomplished simultaneously are termed as ..... A) Preceeding Activities. B) Succeeding Activities. C) Concurrent Activities. D) Dummy Activities. Show Answer Correct Answer: C) Concurrent Activities. 8. Which of the following factors has allowed small companies to act like they are big ones? A) Competition. B) Economic growth. C) Technology. D) Customers. Show Answer Correct Answer: C) Technology. 9. Which of the following is not a limitation of franchising? A) Non renewal of agreement. B) No ownership transfer. C) Prescribed format. D) Continuous support. Show Answer Correct Answer: D) Continuous support. 10. The final step in the process of conducting a feasibility study is A) Writing a brief description of the project. B) Assessing technical needs. C) Reviewing your work carefully. D) Presenting the study to the appropriate audience. Show Answer Correct Answer: D) Presenting the study to the appropriate audience. 11. Entreprendre means to A) Undertake. B) Enterprise. C) Businessman. D) All of the above. Show Answer Correct Answer: A) Undertake. 12. What are the four P's of marketing A) Product, produce, production, price. B) Person, place, produce, practice. C) Promotion, product, practice, price. D) Promotion, place, price, product. Show Answer Correct Answer: D) Promotion, place, price, product. 13. Which one of the following is the most important characteristic of a successful business website? A) Innovation. B) Speed. C) Graphics. D) Products. Show Answer Correct Answer: B) Speed. 14. Annual turnover of entity under start up india should be; A) Less than 10 crores. B) More than 100 crores. C) 100 crores. D) Less than 100 crores. Show Answer Correct Answer: D) Less than 100 crores. 15. . A project, which may not add to the existing profits, should be financed by ..... A) Debentures. B) . preference share capital. C) Equity capital. D) Public deposits. Show Answer Correct Answer: A) Debentures. 16. How can one be an entrepreneur? A) Take an existing product and improve or modify it. B) Think of a completely new idea. C) Any of the above. D) None of above. Show Answer Correct Answer: C) Any of the above. 17. A business that can legally act as a single person, even though many people may own it A) Corporation. B) Entrepreneurship. C) Partnership. D) Sole Proprietorship. Show Answer Correct Answer: A) Corporation. 18. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as ..... A) A cooperative. B) A franchise. C) An owner-manager business. D) A limited company. Show Answer Correct Answer: B) A franchise. 19. The Markets and Competitors section of a business plan should contain ..... A) A statement of the target market. B) The size of each market segment. C) The key characteristics of buyers in each business segment. D) All the above. Show Answer Correct Answer: D) All the above. 20. ..... is primarily concerned with the identification of the project demand potential and the selection of the optimal technology. A) Techno-economic analysis. B) Feasibility analysis. C) Input analysis. D) Financial analysis. Show Answer Correct Answer: A) Techno-economic analysis. ← PreviousNext →Related QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship Development Quiz 4Entrepreneurship 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