ENTREPRENEURSHIP-test Full All Chapters

ENTREPRENEURSHIP
1. The word "entreprendre" means:

(a) To undertake
(b) To manage
(c) To enter into business
(d) None of these
2. Entrepreneurship is neither a science nor an art was expressed by:

(a) Schumpeter
(b) Peter Drucker
(c) Charles Darwin
(d) Adam Smith
3. When a manager becomes an entrepreneur he is called:

(a) Intrapreneur
(b) Sustainer
(c) Manager only
(d) None
4. Who can become an intrapreneur?
(a) Manager
(b) Employee
(c) Outsider skilled person
(d) Both (a) and (b)
5. A person who searches for change, responds to it and exploits those changes as an opportunity is
called?
(a) Manager
(b) Leader
(c) Entrepreneur
(d) Explorer
6. For a true entrepreneur, "success is the motivator and money is the ……………….
(a) Reward
(c) Goal
(b) Objective
(d) Need
7. An Entrepreneur who has a charisma, charm and high energy and uses them to build his own
personal brand is called.
(a) Hero
(b) Fireball
(c) Super Star
(d) Healer
8. Which of the following statement is False?
(a) An entrepreneur develops new plans and ideas and the manager implements them.
(b) A manager faces more income uncertainties than entrepreneur
(c) The areas of required qualification for a manager and entrepreneurship are quite different.
(d) An entrepreneur can be a manager but a manager cannot be an entrepreneur
9. The entrepreneur who makes on effort to manage everything themselves are called.
(a) Jugglers
(b) Fireball
(c) Hero
(d) Hard workers
10. Which of the following statement is true?
(a)Entrepreneurs are found everywhere whereas Intrepreneurs are to be encouraged within the
organization.
(b) Intrapreneur have to face rivalry within the organization
(c) Resources are readily available to an intrapreneur
(d) All of the above
11. Qualities like leadership, organizing, planning etc are the basic requirements of a
(a) Manager
(b) Employee
(c) Entrepreneur
(d) Intrapreneur
12. Entrepreneur is a person:

(a) Having high aptitude
(b) Who wants to work for himself
(c) Ready to bear risk for profit in new venture
(d) All of the above
13. The risk borne by entrepreneur is
(a) Less
(b) Extreme
(c) Moderate
(d) None of the above
14. Which of the following is not a type of entrepreneur?

(a) Sustainer
(b) Explorer
(c) Improver
(d) Fireball
15. Superstar Entrepreneurs are:

(a) Stars in T.V serials
(b) Actor's in movies
(c) Persons with charisma, charm and high energy
(d) Proclaim themselves to be a star
16 Artiste entrepreneurs are:

(a) Artist in T.V. serials
(b) Proclaim themselves to be artist
(c) Persons with creativity orientation
(d) Artist in movies
17. Which of these is not a method of environmental scanning?
(a) SWOT Analysis
(b) Industry Analysis
(c) GE Model
(d) PESTLE Analysis
18. The most significant benefit of a business plan is:

(a) Lead to timely completion of goals,
(b) Lays down goals and objectives
(c) Facilitate periodic review of actual results
(d) All the these
19. Primary task for starting a venture is………………….
(a) Identification of opportunity
(b) Developing a plan
(c) Conceiving an idea
(d) Arrangement for resources
20. The theory of industry Analysis was given by
(a) Porter
(b) Taylor
(c) Fayol
(d) Donald
21. The process of setting goals, explaining the objectives and mapping out a document to achieve
these goals is called-
(a) Business Planning
(b) Organising
(c) Business Assessment
(d) Industry Analysis
22. Which statement is wrong about a business plan?'
(a) Preparing business plan is a forward looking activity
(b) Preparing business plan is useful only for big organization
(c) Business plan assist in periodical review of actual results
(d) Past data is also useful in preparing business plan
23. Expansion into new line of business is:

(a) Strength of the firm
(b) Weakness of the firm
(c) Opportunity of the firm
(d) Threat of the firm
24. Principles of Steve Jobs-( Write in serial order-)

(i) Put a dent in the universe
(ii) Sell dreams not products
(iii) Kick start your brain
(iv) Do what you love
(a) (ii), (iv), (iii), (i)
(b) (i), (ii), (iii), (iv)
(c) (iii), (iv), (i), (ii)
(d) (iv), (i), (iii), (ii)
25 Porter's approach to the industry analysis does not include -
(a) Bargaining power of suppliers
(b) Technological Advantage
(c) Bargaining power of customers
(d) Threat to new entrants
26. The primary motivating force behind entrepreneurs is:

(a) Fame
(b) Money
(c) Recognition
(d) Achievement

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ENTREPRENEURSHIP

1. The word "entreprendre" means:

2. Entrepreneurship is neither a science nor an art was expressed by:

3. When a manager becomes an entrepreneur he is called:

12. Entrepreneur is a person:

14. Which of the following is not a type of entrepreneur?

15. Superstar Entrepreneurs are:

16 Artiste entrepreneurs are:

18. The most significant benefit of a business plan is:

23. Expansion into new line of business is:

24. Principles of Steve Jobs-( Write in serial order-)

26. The primary motivating force behind entrepreneurs is:

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