3/20/24, 10:32 AM Compulsory Internal Assignment (CBCS SEMESTER PATTERN)

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Subject Name : INNOVATION AND ENTREPRENEURSHIP(SPBA205) - Assessment - 1

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1. Why should an entrepreneur do a feasibility study for starting a new venture

To identify possible sources of funds

To see if there are possible barriers to success
To estimate the expected sales
To explore potential customers

2. Information regarding all of the following is related to operations, EXCEPT

Location
Promotion
Raw materials
Labor skills

3. A performance and credit rating scheme has been launched by the MSME Ministry to assess
creditworthiness and capabilities of industries in the sector. What is it called?

Performance and Credit Rating Scheme

Zero Defect Zero Effect Certification
Performance and Economy Rating Scheme
None of the above

4. A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed
(According to MSMED Act, 2006)

Rs. 15 Lakh
Rs. 20 Lakh
Rs. 25 Lakh
Rs. 30 Lakh

5. EDP (Entrepreneurship Development Programmes) is required to help:

Existing entrepreneurs
First generation entrepreneurs
Future generations entrepreneurs
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None of the above

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6. A corporate manager who starts a new initiative for their company which entails setting up a
new distinct business unit and board of directors can be regarded as?

Ecopreneur
Technopreneur
Intrapreneur
Social Entrepreneur

7. A women entrepreneur is supposed to have a minimum financial interest in share capital of

entrepreneur’s enterprise

35 per cent
51 per cent
25 per cent
None of the above

8. Family business always interested to handover the change of his business to:

Indian Administration Officers

Professional Managers
Next generation
None of the above

9. A corporate manager who starts a new initiative for their company which entails setting up a
new distinct business unit and board of directors can be regarded as?

Ecopreneur
Technopreneur
Intrapreneur
Social Entrepreneur

10. Venture capital is concerned with:

New project having potential for higher profit

New project of high technology
New project having high risk
All the above.

11. An entrepreneur is someone who assumes the major risks of a new business by committing
which of the following?

equity.
time.
career.
all of the above

12. An informal group of innovative employees who are permitted to digress temporarily from their
regular tasks to develop new ideas are referred to as:

underground.
skunkworks.

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yahoos.
intrapreneurs.

13. It is estimated that approximately percent of small businesses fail within the first five
years.

10
25
50
75

14. Which of the following is not a personal characteristic often found in an entrepreneur?

self-confident
independent-minded
perceptive.
follower.

15. The period of business when an entrepreneur must position the venture in a market and make
necessary adjustments to assure survival is called the:

pre-startup stage.
startup stage
early growth stage.
later growth stage

16. Which of the following is usually included in a business plan?

detailed description of the product or service

marketing and promotional plans
management and staffing
all of the above.

17. Which of the following is a reason why a person might prefer to purchase a franchise rather
than open a completely new business?

higher failure rate

increased independence
ability to benefit from previous experience
reduced royalty fees

18. According to the textbook, which of the following management functions is the least well
done?

planning
organizing
leading.
controlling.

19. Which of the following is not a common motivation of an entrepreneur?

desire for independence

search for personal and professional growth
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desire to maintain the status quo

search for more rewarding work.

20. Which of the following are risks for entrepreneurs in small business?

interference with personal lives

psychological stress
social and family pressure
all of the above

SAVE

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