This quiz works best with JavaScript enabled. Home > Business > Entrepreneurship > Entrepreneurship Development – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Entrepreneurship Development Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Seed capital assistance ..... A) A long-term assistance. B) . initial assistance. C) A help for the purchase of seeds. D) A short-term assistance. Show Answer Correct Answer: B) . initial assistance. 2. The term Capitalization is used in relation to ..... A) Sole-proprietorship. B) Partnership. C) Joint stock companies. D) Co-operative societies. Show Answer Correct Answer: C) Joint stock companies. 3. Dimensions of entrepreneurship does not include ..... A) Resource control. B) Management hierarchy. C) Resources commitment. D) None of these. Show Answer Correct Answer: D) None of these. 4. The term ..... denotes bonus or financial aid which is given by a government to an industry to help it compete with other units A) Incentive. B) Subsidy. C) Bounty. D) Concession. Show Answer Correct Answer: C) Bounty. 5. The UK government has implemented a number of policies to encourage Entrepreneurship in schools.One such initiative is ..... A) Young Enterprise. B) Youth venture. C) Young Business. D) Young Initiative. Show Answer Correct Answer: A) Young Enterprise. 6. A person who adopts the idea from somebody is known as ..... A) Fabian. B) Imitative. C) Innovative. D) Drone. Show Answer Correct Answer: B) Imitative. 7. Stability Strategy is consist of:- A) No change Strategy. B) Small Exploration Strategy. C) Consolidation. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 8. The business development department of SIPCOT guides entrepreneurs in ..... A) Applying for licences. B) Approval on collaboration. C) Allocation of scarce raw materials. D) All the above. Show Answer Correct Answer: D) All the above. 9. . A Company is called an artificial person because ..... A) It does not have the shape of a natural person. B) . it cannot be used in the court of law. C) . it is invisible and intangible. D) It exists only in contemplation of law.Answer:. Show Answer Correct Answer: C) . it is invisible and intangible. 10. A successful entrepreneur must have a growth mindset, where he or she is: A) Constantly learning and growing. B) Making more business contacts. C) Always expanding the business. D) Focused on financial growth as a primary goal. Show Answer Correct Answer: A) Constantly learning and growing. 11. Typically, what is the first step of the entrepreneurial process? A) Obtaining financial resources to start the business. B) Analyzing the practicality and feasibility of the business. C) Hiring employees. D) Plan for growth and expansion. Show Answer Correct Answer: B) Analyzing the practicality and feasibility of the business. 12. SIPCOT's financial assistance is in the form of ..... A) Term loan. B) Seed capital scheme. C) Underwriting the capital issues. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. A new or different product A) Harvesting. B) Innovation. C) Opportunity. D) Risk. Show Answer Correct Answer: B) Innovation. 14. Which of the following is the reason for business failure ..... A) Lack of market research. B) Poor financial control. C) . Poor management. D) All the above. Show Answer Correct Answer: D) All the above. 15. Which of the list below does not form Intellectual Property? A) Trade marks. B) Patents. C) Tangible assets. D) Copyright. Show Answer Correct Answer: C) Tangible assets. 16. The need for making a substantial initial capital investment to start the business is most common with: A) Small business entrepreneurship. B) Scalable startup business. C) Large company entrepreneurship. D) Social entrepreneurship. Show Answer Correct Answer: C) Large company entrepreneurship. 17. ..... refers to some action which is a time consuming effort necessary to complete a specific event. A) A Network. B) An Activity. C) An Event. D) A Node. Show Answer Correct Answer: B) An Activity. 18. Venture capital is concerned with: A) New project having potential for higher profit. B) New project of high technology. C) New project having high risk. D) All the above. Show Answer Correct Answer: A) New project having potential for higher profit. 19. Kelly is planning to open a Lemonade stand. In order to sell lemonade, she needs to do marketing, selling and making lemonade. Which block in Business Model Canvas that best describe the situation. (C2) A) Key Partners. B) Key activities. C) Value proposition. D) Revenue stream. Show Answer Correct Answer: B) Key activities. 20. Entrepreneurial mindset has the key features as A) 1. Maximize the importance of failure and rejection in their life. B) 2. Feel dejected when things are difficult. C) 3. Entrepreneurs are able to plan ahead and foresee potential problems. D) 4. Leading a stressful life. Show Answer Correct Answer: C) 3. Entrepreneurs are able to plan ahead and foresee potential problems. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books