This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship > Entrepreneurship Development – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The level at which an individual is viewed by society is called: A) Financial status. B) Qualification. C) Social status. D) Achievement. Show Answer Correct Answer: C) Social status. 2. What are the main problems facing female entrepreneurs? A) Lack of finance. B) Scarcity of raw material. C) Limited mobility. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Entrepreneurs are referred to as ..... Factor of production. A) First. B) Second. C) Third. D) Fourth. Show Answer Correct Answer: D) Fourth. 4. DIC is headed by General Manager in the rank of ..... A) Joint Director of industries. B) Assistant Director of industries. C) Non-departmental officer. D) Departmental officer. Show Answer Correct Answer: A) Joint Director of industries. 5. As per the new Definition of Micro, Small and Medium Enterprises from 2019 onwards, a Medium Enterprises is? A) Annual turnover is less than Rs.5 cr. B) Annual turnover is between Rs. 5 Cr to Rs. 75 cr. C) Annual turnover is between Rs. 75 Cr to Rs. 250 cr. D) Annual turnover more than Rs. 250 cr. Show Answer Correct Answer: C) Annual turnover is between Rs. 75 Cr to Rs. 250 cr. 6. What is Technical Appraisal? A) Critical study of environmental effect. B) Study of Selection of process/technology. C) Study of market for product/service. D) None of the above. Show Answer Correct Answer: B) Study of Selection of process/technology. 7. Successful entrepreneurs are innovative. Which of these traits of a business leader is most consistent with innovative leaders? A) Works well with other employees in the business. B) Manages the financial risk of the business. C) Task oriented or someone who sticks with a job. D) Problem solver who can identify new solutions to problems. Show Answer Correct Answer: D) Problem solver who can identify new solutions to problems. 8. Industries producing complete articles for direct consumption & also processing industries is called as ..... A) Manufacturing industries. B) Feeder Industries. C) Service Industries. D) Mining or Quarrying. Show Answer Correct Answer: A) Manufacturing industries. 9. A well-executed feasibilty study A) Is articulate. B) Tells owners/managers what decision to make. C) Doesn't exceed three papers. D) Is rigid in its scope. Show Answer Correct Answer: A) Is articulate. 10. What do you mean by entrepreneurship? A) Doing old business. B) Starting a new business. C) Doing a job. D) All three. Show Answer Correct Answer: B) Starting a new business. 11. Pick the odd one out. A) Social mobility. B) Security. C) Need achievement. D) Social marginality. Show Answer Correct Answer: C) Need achievement. 12. Idea of new product is tested in potential consumers to determine consumer acceptance at ..... stage. A) Concept. B) . Product development. C) Test marketing. D) Commercialization. Show Answer Correct Answer: C) Test marketing. 13. Large investment is made in fixed assets, the project will be termed as ..... A) Capital Intensive. B) Labour Intensive. C) Product Intensive. D) Market Intensive. Show Answer Correct Answer: A) Capital Intensive. 14. . District Industries Centres are located ..... A) In each district. B) In each state. C) Only in selected districts. D) Only in selected states. Show Answer Correct Answer: A) In each district. 15. A business's computer networking requirements would be listed in which section of a feasibility study A) Technical. B) Financial. C) Organizational. D) Marketing. Show Answer Correct Answer: A) Technical. 16. Imitating entrepreneurs are also known as ..... A) Fabian entrepreneur. B) Drone entrepreneur. C) Pure entrepreneur. D) Adoptive entrepreneur. Show Answer Correct Answer: D) Adoptive entrepreneur. 17. ..... is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds. A) Project formulation. B) Project evaluation. C) Project appraisal . D) Project Design. Show Answer Correct Answer: C) Project appraisal . 18. Business that sells products like food, Clothing and cars A) Retail Business. B) Service Business. C) Product Business. D) None of above. Show Answer Correct Answer: A) Retail Business. 19. When a firm enters into business which is unrelated to its existing business both in terms of technology and marketing ..... A) . conglomerate diversification. B) Horizontal integration. C) Vertical integration. D) Concentric integration. Show Answer Correct Answer: A) . conglomerate diversification. 20. What does the term "boot-strapping" refer to? A) Strapped with maximum amount of debt to start a business. B) Tying yourself to a business partner to fund a venture. C) Self-funding a business or project. D) Starting a business with very few assets. Show Answer Correct Answer: C) Self-funding a business or project. ← PreviousNext →Related QuizzesBusiness QuizzesEntrepreneurship Development Quiz 1Entrepreneurship Development Quiz 2Entrepreneurship Development Quiz 3Entrepreneurship 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