This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship > Entrepreneurship Development – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 15 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A person who is an innovator who introduces new combinations of means of production is called as ..... A) Entrepreneur. B) Architect. C) Layman. D) None of above. Show Answer Correct Answer: A) Entrepreneur. 2. IFCI stands for ..... A) Industrial finance corporation of India. B) Institutional finance corporation of India. C) Industrial funding corporation of India. D) Indian finance corporation and institution. Show Answer Correct Answer: A) Industrial finance corporation of India. 3. Successful entrepreneurs must have strong networking skills. Which trait is most consistent among business leaders with strong networking skills? A) Strong technical skills. B) Proficient communicator. C) Ability to reach out to others and work with others around them. D) Experienced technical leader. Show Answer Correct Answer: C) Ability to reach out to others and work with others around them. 4. ..... is a form of financing especially for funding high technology, high risk and perceived high reward projects A) Fixed capital. B) Current capital. C) Seed capital. D) Venture capital. Show Answer Correct Answer: D) Venture capital. 5. Which one of the following is not considered as one of the building blocks of the model entrepreneur? A) Technical skills. B) Management competencies. C) Business awareness. D) Personal attributes. Show Answer Correct Answer: C) Business awareness. 6. A valid definition of a business purpose is to ..... A) Create a customer. B) Maximize profits. C) Serve the society. D) . increase the wealth of the firm. Show Answer Correct Answer: B) Maximize profits. 7. Schumpeter considered that innovative Entrepreneurs would: A) Thrive. B) Disappear. C) Be absorbed within large innovative firms. D) Be absorbed within non-innovative firms. Show Answer Correct Answer: C) Be absorbed within large innovative firms. 8. Having clear objectives can help an entrepreneur as A) 1. Business objectives are needed to demonstrate to investors. B) 2. Clear objectives can support the direction the entrepreneur would want his enterprise and employees to take. C) 3. Objectives talk about business and are important for branding. D) 4. Objectives are just a waste of time. Show Answer Correct Answer: B) 2. Clear objectives can support the direction the entrepreneur would want his enterprise and employees to take. 9. It's a great time to be an entrepreneur, " especially an Internet one as A) 1.The political and social conditions are apt. B) 2. People welcome new ideas as compared to past. C) 3. The aspiring entrepreneurs of today are technologically precocious and wide options can be leveraged through internet. D) 4. People are independent to start on their own. Show Answer Correct Answer: C) 3. The aspiring entrepreneurs of today are technologically precocious and wide options can be leveraged through internet. 10. The important social consideration for a project is A) Prevention of environmental damage. B) Promotion of employment. C) Introduction of import substitution. D) Development of the local area. Show Answer Correct Answer: A) Prevention of environmental damage. 11. Owners of a stock in a company A) Directors. B) Stock Holders. C) Share Holders. D) None of above. Show Answer Correct Answer: B) Stock Holders. 12. A commercial banker would prefer a ..... debt-equity ratio over the years as it indicates financial strength of a unit. A) Declining. B) Increasing. C) Stable. D) Fluctuating. Show Answer Correct Answer: A) Declining. 13. GATT is established in 1947, under: A) German leadership. B) U.S. leadership. C) French leadership. D) U.K. leadership. Show Answer Correct Answer: B) U.S. leadership. 14. The charter of a company is its ..... A) Prospectus. B) Statement lieu of prospectus. C) Memorandum of association. D) Articles of association. Show Answer Correct Answer: A) Prospectus. 15. SBA stands for: A) Small business accountants. B) Small business administration. C) Small business adequacy. D) Small business advisors. Show Answer Correct Answer: B) Small business administration. 16. A Spanish word which means self love; a sense of self-esteem or self-respect that prevents a person from swallowing his pride A) Amor Propio. B) Bahala Na System. C) Balimbing. D) Ningas Kugon. Show Answer Correct Answer: A) Amor Propio. 17. "Entrepreneurs are made not born" . Choose which statement identify the same A) 1. Entrepreneurs constantly seek work from other job providers. B) 2. Entrepreneurs usually stumble when the pressures are immense. C) 3. Entrepreneur rapidly form his or her own opinion and when frustrated; reject the system and form his or her own business or enterprise to achieve objective. D) 4. Entrepreneur delegates action and supervises people. It takes most of his /her and time to do work. Show Answer Correct Answer: C) 3. Entrepreneur rapidly form his or her own opinion and when frustrated; reject the system and form his or her own business or enterprise to achieve objective. 18. EST stands for ..... A) Earliest Start Time. B) Event Start Time. C) Effective Start Time. D) Essential Start Time. Show Answer Correct Answer: A) Earliest Start Time. 19. Managerial Bottleneck arises due to A) Lack of managerial capacity. B) Lack of infrastructure. C) Adequate managerial resources. D) Inadequate managerial resources. Show Answer Correct Answer: A) Lack of managerial capacity. 20. One of the strongest predictors of the future success of a developing business is: A) The financial status of the business owners. B) The passion of the business leaders. C) The size of the business. D) The primary location of the business. Show Answer Correct Answer: B) The passion of the business leaders. ← PreviousNext →Related QuizzesBusiness 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books