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    Entrepreneur (MCQ-1)

    Uploaded by

    Rajiuddin Ansari
    This document contains 26 multiple choice questions about entrepreneurship that have not been answered yet. Each question is marked out of 1 point and can be flagged. The questions cover topics such as the definition of an entrepreneur, reasons for business success and failure, types of entrepreneurs, and factors influencing entrepreneurship.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Entrepreneur (MCQ-1)

    Uploaded by

    Rajiuddin Ansari
    195 views13 pages
    This document contains 26 multiple choice questions about entrepreneurship that have not been answered yet. Each question is marked out of 1 point and can be flagged. The questions cover topics such as the definition of an entrepreneur, reasons for business success and failure, types of entrepreneurs, and factors influencing entrepreneurship.

    Original Title

    Entrepreneur ( MCQ-1)

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    This document contains 26 multiple choice questions about entrepreneurship that have not been answered yet. Each question is marked out of 1 point and can be flagged. The questions cover topics such as the definition of an entrepreneur, reasons for business success and failure, types of entrepreneurs, and factors influencing entrepreneurship.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    195 views13 pages

    Entrepreneur (MCQ-1)

    Uploaded by

    Rajiuddin Ansari
    This document contains 26 multiple choice questions about entrepreneurship that have not been answered yet. Each question is marked out of 1 point and can be flagged. The questions cover topics such as the definition of an entrepreneur, reasons for business success and failure, types of entrepreneurs, and factors influencing entrepreneurship.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 13

    Question 

    2
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    Question text
    Which one is not a correct statement for a manager?
    Select one:
    a. Approach to decision making is calculative
    b. Approach to task is formal
    c. Risk is loss of ownership
    d. Reward is salary

    Question 3
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    Question text
    Which one is not a common reason for entrepreneurial failure?
    Select one:
    a. Product design
    b. Lack of Finance
    c. Education
    d. Poor Implementation

    Question 4
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    Question text
    Which of the following shows the process of creating something new?
    Select one:
    a. Innovation
    b. Creative flexibility
    c. Business model
    d. Modeling

    Question 5
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    Question text
    MSME policy focuses on
    Select one:
    a. Motivation
    b. Existing enterprises or a group of enterprises (clusters)
    c. New individual’s entrepreneurs
    d. None of the above

    Question 6
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    Question text
    Which one is not related with Intrapreneurship
    Select one:
    a. Practices of policies within an organization
    b. All of the above
    c. Implementation of innovative systems
    d. Rewards are unlimited

    Question 7
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    Question text
    The steps involved in an entrepreneurial endeavor dont include
    Select one:
    a. Business plan formulation
    b. Adapting to growth
    c. Hiring a partner
    d. Selecting the type of legal structure

    Question 8
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    Question text
    Common challenges faced by Entrepreneurs while starting business in
    India are
    Select one:
    a. Market demand
    b. Funding
    c. Absence of raw materials
    d. Corruption

    Question 9
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    Question text
    A market survey is important because it tells you
    Select one:
    a. How many & what types of people are shopping at a store.
    b. Tells you how much the customer will pay for the product.
    c. Tells you what the customer will buy.
    d. All of the above.

    Question 10
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    Question text
    What is an entrepreneur?
    Select one:
    a. Someone who makes a lot of money.
    b. Someone who invests time and money to start a business.
    c. Someone who takes a risk to make a profit
    d. Both A & C.

    Question 11
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    Question text
    Which one is not a common reason for entrepreneurial failure?
    Select one:
    a. Lack of capital
    b. Educational Qualification
    c. Poor implementation
    d. Faulty product design

    Question 12
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    Question text
    Which of the following is alternatively called corporate venturing?
    Select one:
    a. Entrepreneurship
    b. Offering new products by an existing company
    c. Intrapreneurship
    d. Act of stating a new venture

    Question 13
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    Question text
    Main component of social environment for entrepreneurial
    development are
    Select one:
    a. The education system
    b. The Cast Factor
    c. The attitude of the society
    d. All of the above

    Question 14
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    Question text
    Select the correct statement
    Select one:
    a. The client in the case of an MSME Policy is a firm, a physical entity.
    b. All of the above
    c. The Entrepreneurship Policy covers multiple stages in the
    emergence of an enterprise
    d. National Entrepreneurship Policy predominant aim is to enhance the
    supply of entrepreneurs.

    Question 15
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    Question text
    Oldest enterprise is
    Select one:
    a. Crafting
    b. Trade
    c. Agriculture
    d. Plumbing

    Question 16
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    Question text
    According to a British economist, Angus Maddison, India share of
    world income during 1700 AD was around
    Select one:
    a. 3%
    b. 15%
    c. 27%
    d. 10%

    Question 17
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    Question text
    Entrepreneurial traits are developed in Marwaris in India due to
    Select one:
    a. Political factors
    b. Economical factors
    c. Genetic factors
    d. Socio-Cultural factors

    Question 18
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    Question text
    Which one of the following is the process of entrepreneurs developing
    new products that over time make current products obsolete?
    Select one:
    a. None of the given options
    b. Anatomization
    c. New business model
    d. Creative destruction

    Question 19
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    Question text
    Buyable Startups are the type of startup that has one of the following
    objectives
    Select one:
    a. Run business to feed the family
    b. Born to be a big company
    c. None of the above
    d. Born to be bought by large company

    Question 20
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    Question text
    Social Entrepreneurs are
    Select one:
    a. Individuals with innovative ideas for startups
    b. All of the above
    c. Individuals with solution to Business problems
    d. Individuals with innovative solutions to society’s most pressing
    social problems

    Question 21
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    Question text
    Innovation can best be defined as_
    Select one:
    a. The generation of new ideas
    b. The evolution of new ideas
    c. The opposite of creativity
    d. The successful exploitation of new ideas

    Question 22
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    Question text
    Why are small businesses important to a country's economy?
    Select one:
    a. They give an outlet for entrepreneurs.
    b. They can provide specialist support to larger companies.
    c. They can be innovators of new products
    d. All the above.

    Question 23
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    Question text
    Joseph Schumpeter viewed entrepreneurship as
    Select one:
    a. Wealth Creation
    b. Force of Creative Destruction
    c. A purposeful activity
    d. Development of new market

    Question 24
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    Question text
    Which one is not an the external source of idea generation
    Select one:
    a. Distributors
    b. Suppliers
    c. Employees
    d. Customer

    Question 25
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    Question text
    What is not an economic factor that contribute in the development of
    entrepreneurship
    Select one:
    a. Capital
    b. Infrastructure
    c. Raw Material
    d. Occupational background of entrepreneur

    Question 26
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    Question text
    Which of the following is least likely to influence the timing of new
    business births?
    Select one:
    a. Government policies.
    b. Weather conditions
    c. Profitability.
    d. Consumer expenditure

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