ENTREPRENUERSHIP & STARTUP OBJECTIVE

➢ Which of these is not a type of entrepreneurship?

a. Small business entrepreneurship

b. Scalable entrepreneurship
c. Large scale entrepreneurship
d. Intrapreneurship

Answer: d
➢ Which of these actions of an entrepreneur will most likely result in creative destruction? BISU SIR
a. Developing a new product
b. Taking over a competitor’s business
c. Issuing shares to individuals and institutions
d. Lowering prices of your product or service

Answer: a
➢ According to Schumpeter, innovative entrepreneurs would:

a. Thrive in the market

b. Not survive and disappear from the market.
c. Get absorbed within larger innovative businesses
d. Get absorbed within non-innovative businesses
Answer: c
➢ Which of these is not a challenge for the entrepreneur?

a. Managing the cash flow of their business

b. Recruiting new employees
c. Choosing the product or service to sell in the market
d. Formulating rules and regulations relating to conducting entrepreneurship in their country

Answer: d
➢ Which of these theories involve taking a moderate amount of risk as a function of skill and not chance?

a. Need for achievement

b. Need for affiliation
c. Need for authority
d. Need for independence

Answer: b
➢ Which of these is not a category of external forces that affects a business?

a. Competitive forces
b. Technological forces.
c. Economic forces
d. Socio-economic forces

Answer: b
➢ Which among these is a money manager who is involved in ➢ Who should be involved in preparing a
making risk investments from equity capital with the firm’s business plan?
objective of gaining better returns?
a. Accountant
a. Entrepreneur b. Engineer
b. Businessperson c. Entrepreneur
c. Buyer d. None of the above
d. Venture capitalist
Answer: c
Answer: d
➢ Which of these is the first activity of a new business? ➢ What should be the main worry of a company’s founder
who asks for capital in exchange for equity shares in their
a. Departure point venture?
b. Goal Orientation
c. Business skill development a. Valuation
d. None of the above b. Control
c. Capitalisation
Answer: a d. Legal formalities

Answer: c
➢ The process of creating something new is called: ➢ Which of these is also known as corporate venturing?

a. Creative flexibility a. Intrapreneurship

b. Management b. Mergers
c. Business c. Entrepreneurship
d. Innovation d. Acquisition

Answer: d Answer: a

➢ If an entrepreneur takes decisions on behalf of their ➢ Entrepreneurship Development Program is helpful for:
enterprise, it is known as ______:
a. First-generation entrepreneurs
a. Routine decisions b. Future generation entrepreneurs
b. Strategic decisions c. Existing Entrepreneurs
c. Organisational decisions d. None of the above
d. Personal decisions
Answer: a
Answer: c
➢ Innovation can best be defined as .
A. the generation of new ideas.
B. the evolution of new ideas.
C. the opposite of creativity.
D. the successful exploitation of new ideas.
ANSWER: D
 ➢ An entrepreneur who is the owner of more than
➢ Ownership position of more than 50 per cent in a business is
one business is called:
known as:
a. Portfolio Entrepreneur
a. Minority Interest
b. Intrapreneur
b. Joint Venture
c. Corporate Entrepreneur
c. Majority Interest
d. None of the above
d. None of the above
Answer: a
Answer: c

➢ An individual who starts, creates and manages a new ➢ Which could provide an individual with the motivation to
business can be called start a new business venture?
. A. The financial rewards.
A. A leader B. A desire to be independent.
B. A manager C. Risk taking
C. A professional D. All the above.
D. An entrepreneur ANSWER: D
ANSWER: D
➢ Business means _.
A. Commerce.
B. industry and commerce.
C. trade and commerce.
D. selling and buying of goods.
ANSWER: B
 ➢ Entrepreneurial development is the key to achieve all-round
➢ Swot Analysis is a ---------- tool
through
A. Conceptual
A. economic development
B. Modern
B. increase in profits
C. Scientific
C. shareholders value
D. Traditional
D. business development
ANSWER: A
ANSWER: A

➢ Which of the following is a characteristic typical of

➢ Entrepreneurship can best be described as
Most ntrepreneurs
A. a process that requires setting up a business.
A. Choose high risk ventures.
B. taking a significant risk in a business context.
B. Choose low risk ventures.
C. having a strong vision.
C. Choose moderate (or calculated) risk ventures.
D. a process involving innovation, new products or services,
D. Choose no risk ventures.
and value creation.
ANSWER: C
ANSWER: D

➢ Entrepreneurs are motivated by . ➢ An entrepreneur who owns more than one business at a
A. money. time is called
B. personal values. A. an intrapreneur.
C. pull influences. B. a corporate entrepreneur.
D. All the above. C. a portfolio entrepreneur.
ANSWER: D D. None of the above.
➢ ANSWER: C
 ➢ The word Entreprendre means
➢ The word Entrepreneur is originally taken from
✓ A)To undertake
A)Greek word
B)To Sustain
✓ B)French word C)To Create
C)Greece word D)To manage
D)Spanish word

➢ According to _________________ innovation is the

➢ When selecting a line of action an
important characteristic of an entrepreneur
Entrepreneur must keep in mind
A)Peter Drucker
A)Profit
✓ B)Schumpeter
B)Risk involved
C)Cantillion
C)Profitability
D)J.B.Say
✓ D)All above
➢ What is an entrepreneur?
A)Someone who do not want to earn profit. ➢ According to J.B.Say entrepreneur is
B)Someone who makes a lot of money. A)Innovator
✓ C)Someone who identify the needs of customer and makes B)Inventor
innovations. C)Mentor
D)Someone who don’t take risk ✓ D)An Economic agent
➢ This kind of entrepreneurs are characterised by readiness to ➢ Which of the following is not a type of Entrepreneur
adopt successful innovations created by innovative A)Modern Entrepreneur
entrepreneurs. B)Technical Entrepreneurs
A)Innovative Entrepreneurs C)Classical Entrepreneur
✓ B)Imitative Entrepreneurs ✓ D)Intrapreneur
C)Agripreneurs
D)Traders
➢ Theory of High Achievement Motivation is given by
➢ Enrepreneurship is _____________ A)Schumpeter
A)Practice B)Kilby
B)Habit ✓ C)McCelland
✓ C)Process D)Staley and Morse
D)Action
➢ Which of the following is not the type of Entrepreneur as
per Arthur H Cole
A)Empirical
✓ B)Fabian
C)Rational
D)Cognitive
➢ KEY POINTS

➢ ACCELERATOR MEANS:- PROGRAM THAT HELP START-UP TO GROW & SUCCEED

➢ BOOTSTAPING:- STARTING A BUSINESS WITH ALMOST NO FUNDING
➢ BUSINESS MODEL:- COMPANY PLAN FOR MAKING MONEY
➢ STARTEGY:- PLANNED PATHWAY TO CONVERT VISION INTO REALITY

➢ USP:- UNIQUE SELLING PROPOSITION :- IT IS A STATEMENT THAT DESCRIBE UNIQUE FEATURE OF

PRODUCT.
 ENTREPRENUERSHIP & STARTUP
OBJECTIVE
BISU SIR
➢ _____________ can be defined as a specifically evolved ➢ . ___________ is the response of a person or an
work plan densed to achieve a organization to solving an identified
Specific objective within a specific period of time problem or to meeting percieved needs
A. Idea generation. a. Business plan
B. Opportunity Scanning. ✓ b.Business idea
✓ C. Project. c. Feasibility study
D. Strategy d. None of these
➢ ____________ are often considered the foundation of a ➢ Which of the following is not a source of business idea?
start-up venture
a. Capital a. Internet
b. b. Premises ✓ Focus group
✓ c. Ideas c. Library
d. Buildings d. Hobbies
The process/Activity mapping is a ______ diagram. ➢ You can recognize potential business ideas from which of
A. Data flow the following sources?
✓ B. Work flow a. problems that need solving
C. Circular b. new discoveries
D. Audit c. changes in laws
✓ all of the above

➢ Generating creative ideas

➢ Using an idea map can
✓ is an important part of being an entrepreneur
a. is helped by fear of failure
a. help you put your ideas in order of importance
b. is not relevant to business in the real world
b. help you organize your business potential
c. is for artists, not entrepreneurs
c. help you explain the directions of a new idea
✓ help you come up with multiple ideas at once

➢ Creative thinking is also called

➢ Ideation is
a. intelligent thinking
a. the process of overcoming objections to a business idea
b. artistic thinking
b. the way entrepreneurs evaluate business ideas
c. entrepreneurial thinking
c. the process of forming new business opportunities
✓ lateral thinking
✓ d.the process of forming new ideas
 ➢ Which of the following attitudes make it difficult to be ➢ is the method for obtaining new ideas solutions
creative? a. Focus group
a. being judgmental ✓ Brainstorming
b. being inflexible a. Problem inventory analysis
c. being afraid of failure b. Checklist method
✓ all of the above
➢ ___________ in a business plan shows the estimated profit
➢ What is the component of business plan? and expenses of the venture.
A. Marketing Strategy ✓ A. Financial plan
B. Sales Strategy B. Revenue model
C. Executive Summary C. Accounts payable
✓ D .All of the above D. None of the above

➢ Name the strategy which helps in understanding ➢ The role of a business plan is to identify potential customers
competitors' marketing strategy. within the target market. The process of dividing up the
A. Marketing analysis target market is called ____________.
✓ B. Competitor's analysis ✓ A. Market segmentation
C. Growth plan B. Industry Analysis
D. None of the above C. Marketing plan
D. Market analysis
➢ In general, how many types of business plans are there? ➢ The activities included in business planning are:
✓ A. 4 (a) planning the organization
B. 5 (b) planning the manpower requirement
C. 3 (c) planning of project work
D. 6 ✓ (d) All of the above

➢ Planning is:
➢ The main components of business planning are: (a) Goal-oriented)
(a) Business description (b) Objective-oriented
(b) Executive summary (c) Mental process
✓ (c) Both (a) and (b) ✓ (d) All of these

➢ The activity which occurs when the new venture is started

are called:
➢ The business plan should be prepared by:
Business skills
Motivation ✓ Entrepreneurs
✓ Departure point Consultants
Goal orientation Engineers
Small business administration services
➢ .Name the function of management which bridges the gap ➢ In which section of the business plan
between where we are and where we want to go. would you expect to find details about
market size and market research?
✓ (a) Planning
(b) Staffing Objectives and key targets
(c) Organising Cash flow forecast
(d) Directing ✓ Market overview
Forecast revenue, costs and profit
➢ Which of the following best describes a business plan? A ➢ An existing business may use a business plan to:
written document that describes:
A.Focus on the business idea before start-up
✓ A.The business, its objectives, strategies, financial forecasts
and market B.Present to shareholders at the AGM
B.The marketing plan of the business ✓ C.Secure external finance for business expansion
C.The objectives and key targets of the business D.To share with employees in the business 5
D.How the business will produce its products
➢ SOME IMPORTANT POINTS:-

➢ WHICH SECTION OF BUSINESS PLAN PROVIDES OVERVIEW OF BUSINESS IDEA:-ANS:-

EXECUTIVE SUMMARY

➢ SCALING OF BUSINESS:- ANS PROCESS OF SECURING EXTERNAL FUNDING FOR

EXPANSION.

➢ OBJECTIVE OF BUSINESS PLAN:- OBTAINING FINANCING/FUNDING

➢ SWOT STANDS FOR:- STRENGTH,WEAKNESS,OPPORTUNITY,THREAT

➢ COMPETITOR ANALYSIS IS DONE:- TO ANALYSIS STRENGTH & WEAKNESS OF

COMPETITORS
 OBJECTIVE ENT & STARTUP
BISU SIR

Anything that has the ability to satisfy a consumer need is Market where demand for goods is greater than supply.
known as ______________ A. Buyers market
✓ A. Price ✓ B. Sellers market
B. Package C. Retail market
C. Product D. Wholesale market
D. Promotion

______________ means the set of marketing intermediaries If marketing is done through information and ordering
through which the goods flow from the producer to consumer. machine placed in stores, it is known as
✓ A. Channel of distribution ✓ A. Kiosk marketing
B. Direct marketing B. Television marketing
C. Intensive distribution C. Tele marketing
D. None of these D. All of these

Which of the following is not an element of Social marketing

In ______________ appeals are emotional
mix?
A. Consumer promotion
A. Product
✓ B. Advertising
B. Price
C. Dealer Promotion
C. Distribution
D. All of these
✓ D. People
Word of mouth marketing through electronic channels like In effective target market, marketers should focus on:
email, internet etc is known as ______________.
A. Internet a) Market segmentation
B. digital b) Market Targeting
C. email c) Market positioning
✓ D. viral ✓ d) All of the above

Socioeconomic classification, lifestyle and personality are major Readiness stage and attitude towards product are major
segmentation variables in which category? segmentation variable in which category?

a) Geographic a) Geographic
b) Behavioral ✓ b) Behavioral
c) Demographic c) Demographic
✓ d) Psychographic d) Psychographic

Income, education and occupation are major segmentation Socioeconomic classification for rural market segmentation
variables in which category? classifies consumers into _____classes.

a) Geographic a) Eight
b) Behavioral ✓ b) Four
✓ c) Demographic c) Seven
d) Psychographic d) Six
 People within the same demographic group exhibits ________
Markets can be segmented using which dimensions?
psychographic profiles.
a) Geographic and demographic
✓ a) Very Different
b) Behavioral and Psychographic
b) Similar
✓ c) Both a and b
c) Can't say
d) None of the above
d) None of the above
Psychographics is the science of using ____________ to better
Market segmentation is required
understand consumers.
(a) for avoiding cold calls
(b) to increase production
a) Psychology
(c) for territory allocation
b) Demographics
✓ (d) for focused marketing
✓ c) Both a and b
d) None of the above

The strategy where the producer or marketer does not Market segmentation means
differentiate between different type of customers (a) dividing the sales team into small groups
✓ (a) Undifferentiated Marketing (b) dividing the marketing process into small steps
(b) Differentiated Marketing (c) dividing the territory into small areas
(c) Concentrated Marketing ✓ (d) All of these
(d) Customised or Personalised Marketing
Which of the following is not an element of demographic The concentration of all marketing efforts on one selected
segmentation segment within the total market.
(a) Family size (a) Undifferentiated Marketing
(b) Population density (b) Differentiated Marketing
✓ (c) Income ✓ (c) Concentrated Marketing
(d) Religion (d) Customised or Personalised Marketing

Customers with different needs or responses to marketing

Product mix means
activity are categorized in which of the following ways?
(a) Distributing a mix of products
(a) Market targeting
(b) Collecting ideas to sell better
✓ (b) Market segmentation
(c) Satisfying the customers
(c) Market positioning
✓ (d) Various products designed by the Company
(d) Market targeting and segmentation
➢ Direct competitors are...
As you obtain new data through market research, you should
update and expand your..
✓ A.Businesses that sell a similar product or service to yours.
A.Target Market
B.Businesses that sell a unfamiliar product or service to yours.
C.Businesses that sell only products or services to other
B.Customer Profile
businesses.
D.Businesses that sell a similar product or service to
C.Competitive Matrix
wholesalers.
✓ D.SWOT analysis
A _____________________________ is a grid used to compare Competitor analysis begins with:
characteristics of your business with your direct competitors. A. Gathering samples of the competitors’ product(s).
answer choices B. Discovering each competitors advertising budget.
✓ C. Documenting the current strategy of each primary
A.SWOT Analysis competitor.
D. Identifying which competitors are most successful.
✓ B.competitive matrix

C.business model canvas

D.financial statement
Marketing is a process which aims at ________ The term marketing refers to _______

A. Production A. Advertising, Sales Promotion, Publicity and Public Relational

activities
B. Profit-making.
B. A new product needs ideas, Developments, concepts and
✓ C. The satisfaction of customer needs improvements.

D. Selling products C. Sales Planning, Strategy and Implementation

✓ D. A philosophy that stresses customer value and

satisfaction.
Marketing is the activity, set of ___________ &
A brand is a _______.
processes for creating, communicating, delivering
A. Name.
& exchanging offerings that have value for
B. B. Term.
customers, clients, partners & society.
C. C. Sign.
D. D. A combination of all of the above.
✓ A. Institutions
ANSWER: D
B. Organizations Which of the following is NOT an element of the marketing
mix?
C. Companies A. Distribution. B. Product. C. Target market. D. Pricing.
ANSWER: C
D. Enterprises
Marketing utility consists of ________.
Selling the same product at different prices is known
A. Price.
as________.
B. Place, price.
A. Price lining.
C. Product, place, price and profit.
B. Dual pricing.
D. Product, Price, place, promotion
C. Geographical pricing.
ANSWER: D
D. Monopoly pricing.
ANSWER: B
A place for buying and selling activities is called ________.
A. Market.
The words used to convey the advertisement idea is
B. Marketing.
____________.
C. Market research.
A. Advertisement.
D. Market information.
B. Advertisement Research.
ANSWER: A
C. Advertisement copy.
D. Advertisement budget
. The exchange value of a good service in terms of money
ANSWER: C
is_________.
A. Price.
Advertisement promotes_________.
B. Product.
A. . Purchases.
C. Buying.
B. Production.
D. Selling.
C. Sales.
ANSWER: A
D. Price.
ANSWER: C
Marketing creates profit by creating _____ to the buyer. _____ needs the interest of the buyer.
A. Value. B. Money. C. Product. D. Price. A. Product. B. Sales. C. Production. D. Manufacturing.
ANSWER: A ANSWER: A

All companies strive to build _____ strength. Which one of the following is not one of the P s of marketing?
A. Brand. B. Image. C. Customer. D. Employee A. Product. B. Price. C. Place. D. Production.
ANSWER: A ANSWER: D

_____ includes that other company s offering similar products

A _____ is a trade of vale between two or more parties. & services to the same
A. Transaction. B. Exchange. C. Transfer. D. Prospecting. customer at similar prices.
ANSWER: A A. Supply Chain. B. Competition. C. Product. D. Price
ANSWER: B

_____ consists of a group of customers who share a The starting point for discussing segmentation is _____.
similar set of wants A. Segregation. B. Positioning. C. Both. D. None
A. Micro Marketing B. Mass Marketing. C. Market ANSWER: A
Segment. D. Market targeting.
ANSWER: A
Accounting provides information for:-
a. cost& income for managers
b. Company lax liability
c. Financial condition
✓ All of the above

Long term asset which have no physical existance

a. Current asset
b. Fixed asset
✓ Intangible asset

➢ The asset which can converted into cash in short period ans:- current asset

➢ Patent ,copyright ,trade marks are:- intangible asset

➢ The debt which are to be repaid in short period:- current liabilities.

➢ The credit & cash of business that is sale income is called:-turn over

➢ Written evidence in support of business transection:- voucher

➢ The account that records expense, gains & loss:- nominal account

➢ In general the business transection records in :- same day

➢ The following is a statement showing financial status of a company:- balance sheet

➢ Balance sheet is a statement of:- Asset, liability & capital

➢ Balance sheet are prepared :- yearly

➢ In accounting event refers to :- transection

➢ Net profit is calculated in which of the following account:- Profit and loss account.

➢ The possibilities of inadequate profits or even losses due to uncertainties are known as :- business risk

➢ Business risk is not likely to arise due to :-good management.

➢ The reward of risk is: profit

➢ Industry which provides support to other industries:- tertiary industries.

Organisation establishes relationship between Organisation is a process of
✓ A. People, work and resources A. Identifying and grouping of work to be performed
B. Customer, work and resources B. Defining and delegating the responsibility and authority
C. People, work and management ✓ C. Both ‘A’ and ‘B’
D. Customer, work and management
The number of persons which can be effectively supervised by
a single executive or departmental head should be limited to
Responsibility always flows from
___ in an average firm.
A. Superior to subordinate
✓ A. Six
✓ B. Subordinate to superior
B. Ten
C. Fourteen
The following is not a principle of organisation
A. Principle of exception The following is not a type of organisation structure
B. Principle of balance A. Line organisation
✓ C. Principle of complexity B. Functional organisation
D. Principle of co-ordination C. Line and staff organisation
✓ D. Flexible organisation
In which of the following organisation structure, each specialist
is supposed to give his functional advice to all other foremen
and workers
A. Line organisation
✓ B. Functional organisation
C. Line and staff organisation
 Departmentation is a process where Departmentation leads to grouping of
A. Tasks are grouped into jobs A. Activities
B. Jobs are grouped into effective work groups B. Personnel
C. Work groups are grouped into identifiable segments ✓ C. Both ‘A’ and ‘B
✓ D. All of the above

Terminology that defines the degree to which activities within

The department can be created
an organization are subdivided is known to be
A. By function
A) Departmentalization
B. By product
B) Divisioning
C. By process
C) Formalization
✓ D. All of the above
✓ D) Work Specialization

Vertical hierarchy and old departmental boundaries are

Managers not having control over many activities is a drawback
virtually eliminated through
of
✓ A) Horizontal Structure
A) Matrix Structure
B) Matrix Structure
✓ B) Network Structure
C) Geographic structure
C) Vertical Structure
D) Virtual Structure
D) Horizontal Structure
Specialized task division takes place at An organization designed for efficiency, emphasizes on
A) Computed structure A) Centralization
✓ B) Vertical structure B) Horizontal communication
C) Complex structure C) Decentralization
D) Horizontal structure ✓ D) Vertical communication

In which organizational structure all departments report to a Which organizational structure’s formation is based on product
coordinating head. lines and is supported by functions?
✓ a) Functional structure a) Functional structure
b) Divisional structure ✓ b) Divisional structure
c) Both a and b c) Both a and b
d) None of these

“Grouping of jobs of similar nature under functional and What is the advantage of functional structure?
organising these major functions as separate departments.” a) It leads to occupational specialisation
Which organizational structure is highlighted in this line? b) It makes training of employees easier
✓ a) Functional structure c) It helps in increasing managerial and operational efficiency
b) Divisional structure ✓ d) All of these
c) Both a and b
d) None of these
 Which organisation structure comprises of separate business
Which organizational structure is economical? units or divisions?
✓ a) Functional structure a) Functional structure
b) Divisional structure ✓ b) Divisional structure
c) Both a and b c) Both a and b
d) None of these d) None of these

Which organizational structure is suitable when the size of the What is the disadvantage of functional structure?
organisation is large, has a diversified activities and operations a) Conflict of interests may arise between departments.
require a high degree of specialisation? b) It may lead to inflexibility
✓ a) Functional structure c) It may lead to problems in coordination
b) Divisional structure ✓ d) All of these
c) Both a and b
d) None of these Who reports to whom is made clear by______.

In Delegation the authority flows from ✓ a) Organising process

✓ a) Top to bottom
b) Bottom to top b) Management process
c) Both a and b
d) None of these c) Planning process

d) None of the abov

Decision-making authority can be pushed down to a lower level and this is related to______.

a) Centralisation

b) Delegation

✓ c) Decentralisation

KEY POINTS:-

➢ Organisational structure is the:- formal arrangement of jobs within the organization.

➢ Organisation design is a process that deals with decision of :- chain of command & span of control.

➢ The process of grouping jobs together:- departmentalization.

➢ Span of control decides:- number of level of manager in organization.

➢ Centarlization means:- all the decision are made at upper level.

 A sole proprietor has a limit in which of the following ability
.What is a Sole Proprietorship?
✓ A.Managerial
A.Business owned by president
B.Owner
B.Business owned by several companies
C.Worker
✓ C.Business owned by one person

The life of sole proprietorship business is

Sole Proprietorship is most suitable for
A. Stable
A. Medium scale concerns
B. Very short life
B. Large scale concerns
✓ C. Unstable
✓ C.Small scale concerns
D. Long life
 Sole proprietorship business owner has Which of the following is true about a Limited Liability
Partnership?
A. Restricted Liability a.A Limited Liability Partnership is not a distinct entity from its
partners
B.No Liability
b.A Limited Liability Partnership is a legal entity separate from
✓ C.Unlimited Liability its partners

D.Limited Liability c.A Limited Liability Partnership is a body corporate

✓ D.Both b and c are correct

A limited liability partnership is:

A LLP shall be governed by the provisions of:
a.Not a separate entity from that of its partners
b.A legal entity separate from that of its partners a.The Companies Act, 2013
c.A body corporate ✓ b.The Limited Liability Partnership Act, 2008
d.Only B and C are correct
 How many designated partners are required in LLP: At which place the LLP shall maintain books of accounts:

✓ a.At least two designated partners At its Branch Office

b.Seven designated partners At its Corporate Office
c.Two designated partners At its Head Office
d.At least seven designated partners ✓ At its Registered Office

The books of account which a LLP is required to keep shall be LLP shall file its Annual Return in which form:
preserved for how many years:
Form 12
✓ Eight Years ✓ Form 11
Six Years Form 10
Four years Form 9
Two years
What is the main objective of the recruitment and selection
_______________ can be defined as process of choosing the process?
right person for the right job.
a. Recruit the right candidates
✓ A) Selection B) Recruitment C) Induction ✓ b. Meet the high labour turnover
D) Orientation c. To reduce the costs of recruiting
d. None of the above
Talent management is a process involves Talent Management is a _________________ Process
A. attracting and retaining high-quality employees ✓ A. Constant Process
B. developing their skills, B. Planned Process
C. continuously motivating them to improve their performance. C. Retrospective Process
✓ D. All of the above D. None of the above

The primary focus of Talent Management is to create Talent Management focus to create a workforce who will
A. a support for organisation strategy _______________________
B. Satisfied Work force A. Compete with each other
✓ C. Motivated Work Force B. Work beyond expectation
D. Matching model for organisation strategy C. Gain knowledge
✓ D. Stay in the organisation for the long run
The poor quality of selection will mean extra cost on _______
and supervision. How many stages does the recruitment process comprise of?

✓ a. Training a. 2
b. Recruitment b. 6
c. Work quality c. 9
d. None of the abov ✓ d. 5
_____________ is the application form to be filled by the
candidate when he goes for recruitment process in the
organisation.

A) Job application B) Formal application

✓ C) Application blank D) None of the above
-Intellectual Property Rights (IPR) protect the use of The term ‘Intellectual Property Rights’ covers
information and ideas that are of a. Copyrights
a. Ethical value b. b. Know-how
b. b. Moral value c. c. Trade dress
c. c. Social value ✓ d. All of the above
✓ d. Commercial value

The following can not be exploited by assigning or by licensing The following can be patented
the rights to others. a. Machine
a. Patents b. b. Process
b. Designs c. c. Composition of matter
✓ c. Trademark ✓ . All of the above
d. All of the abov

Trade mark Patent is a form of

a. is represented graphically a. Tangible Property
b. b. is capable of distinguishing the goods or services of one b. b. Intellectual Property
person from those of others c. c. Industrial property
c. c. may include shapes of goods or combination of colours ✓ d. Both (b) and (c)
✓ d. All of the above
 How long is a patent valid in India?
Patent protects
A. 30 years
a. Discovery
✓ B. 20 years
b. Invention
C. 40 years
✓ c. New invention
D. 60 years
d. Both (a) and (b) Venture capital is invested in
Answer – B. 20 years

late stage and bigger firms

A ______ is a specialized firm that finances young, start-up
companies.
early stage firms with short-term growth potential
✓ Venture capital firm
A) finance company
early stage firms which do not plan for growth
B) small-Business finance company
C) capital-creation company
✓ early stage firms with long-term growth potential

Venture capital firms are usually organized Source of venture capital is-
A) closed-end mutual funds (a) Exim Bank
✓ limited partnerships
A) corporations (b) Money Lender
B) nonprofit Businesses
(c) Commercial Bank

✓ (d) All of these

 Venture Capital is Provided for-
According to guidelines issued by government, debt- equity
(a) High Risk Units
ratio for venture capital fund is-
(a) 1.5
(b) Technical Units
✓ (b) 2.0
(c) Institutional Units
(c) 0.5
✓ (d) All of these
(d) 2.5

Venture Capital thought was firstly originated in-

Venture Capital contains- (a) India
✓ (a) High Risk
(b) England
(b) Venture Risk
✓ (c) America
(c) No Risk
(d) Japan
(d) None of these
➢ Capital budgeting refers to:- investment capital & planning expenditure.
➢ capital budgeting decision are:- long term in nature
➢ Capital budgeting decision are based on:- incremental cash flow.
➢ Capital budgeting is part of :- investment decision