Entrepreneurship Development Quiz 14 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Which trait or characteristic would describe a successful entrepreneur?

Correct Answer: D) Self Starter.

2. Royalty is the amount paid by the franchisee to the

Correct Answer: C) Franchisor.

3. Every entrepreneur should draw an ..... for his project to ensure the timely completion of all activities involved in setting up an enterprise.

Correct Answer: B) Implementation plan.

4. TIIC is sponsored by the .....

Correct Answer: D) Government of Tamil Nadu.

5. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as .....

Correct Answer: B) Non -programmed decisions.

6. Entrepreneurial Development Institute of India was established by:

Correct Answer: A) Gujarat Government.

7. Projected financial statements are also called

Correct Answer: C) Pro forma financial statements.

8. The capacity for innovation, investment and expansion in new markets, products and techniques.

Correct Answer: D) Entrepreneurship.

9. Choose the correct one associated with franchising.

Correct Answer: D) Franchisee lacks freedom.

10. Who said, 'you cannot get into the business for the fashion of it'.

Correct Answer: C) Azim Premji.

11. Select the correct statement

Correct Answer: D) Fabian entrepreneurs are highly cautious.

12. In backward areas, term loans for expansion or setting up a new unit are available at ..... .

Correct Answer: A) Concessional terms.

13. An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Correct Answer: A) Business.

14. ..... implies the availability or otherwise of plant and machinery and technical know how to produce the product.

Correct Answer: C) Technical feasibility.

15. Automobile franchise belongs to which category?

Correct Answer: A) Product distribution franchise.

16. ..... may be defined as the excess of present value of project cash inflows over that of out flows.

Correct Answer: A) Net present value technique.

17. A provisional SSI registration certificate is valid for a period of .....

Correct Answer: D) One year.

18. ..... is the reorder quantity that minimizes the total incremental cost of holding inventory and the cost of ordering replenishment.

Correct Answer: B) Economic Order Quantity.

19. Individuals are motivated by psychological and economic rewards .....

Correct Answer: A) Pure.

20. In which year or century Entrepreneurship is described as the founding of a private enterprise.

Correct Answer: A) 1848.