Entrepreneurship MCQs with Answers Part # 2

April 30, 2023 Entrepreneurship 253 Views

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Entrepreneurship MCQs with Answers Part 2

Questions 51 to 70

51. The importance of intellectual property should be understood by entrepreneur even before:

Hiring a manager

Engaging an attorney

Developing a product

Establishing new venture

Correct! Wrong!

52. A patent is granted for a specified amount of time because of the assumption:

That during this time firm will cover its development costs

That firm will earn a sufficient profit during this period

To limit the monopoly of the firm

That it will stimulate idea and development of a better product

Correct! Wrong!

53. External forces directly affect all of the following EXCEPT:

Market segmentation strategies

Types of products/services offered

Management structure of organization

Choice of businesses to acquire or sell

Correct! Wrong!

54. Which of the following is alternatively called corporate venturing?

Intrapreneurship

Entrepreneurship

Act of stating a new venture

Offering new products by an existing company

Correct! Wrong!

55. Following are the types of non equity arrangements EXCEPT:

Licensing

T turnkey project

Direct export

Management contracts

Correct! Wrong!

56. Government can help in forming new venture by providing:

finance

technology

infrastructure

funds

Correct! Wrong!

57. The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is:

Free trade area - FTA

European community - EC

General agreement on tariffs and trade - GATT

The North American free trade agreement - NAFTA

Correct! Wrong!

58. Entrepreneurial success has been significant because of the culture and the political and economic systems in ––––––––.

Asian countries

Eu ropean countries

Transition economies

Middle East

Correct! Wrong!

59. The transitional disturbance and lack of reform has led to boom black market in:

China

Hungary

Singapore

Poland

Correct! Wrong!

60. Which of the following factors has allowed small companies to act like they are big ones?

Customers

Competition

Economic development

Technology

Correct! Wrong!

61. Gazelles are the firms with:

High growth rate

M moderate growth rate

Zero% growth rate

Low growth rate

Correct! Wrong!

62. Professional support network includes following EXCEPT:

Personal affiliations

Mentor

Friends

Trade associations

Correct! Wrong!

63. The period in which the money person entered into a contract with the go-between to sell his goods is known as

Middle ages

18th century

17th century

Earliest period

Correct! Wrong!

64. Which one of the Following is not the way by which an entrepreneur can enter into international business?

Export

Non equity arrangements

Direct foreign investment

Communication

Correct! Wrong!

65. ______________ viewed the entrepreneur as a risk taker who "buy(s) at an uncertain price, therefore operating at a risk".

Eli Whitney

Edward hariman

Richard cantillon

Thomas Edison

Correct! Wrong!

66. Female entrepreneurs differ from male entrepreneurs in terms of all of the following EXCEPT:

Motivation

Departure point

business skills

Goal orientation

Correct! Wrong!

67. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

Supplier

Retailer

Competition

Government bureau

Correct! Wrong!

68. Which of the following factors does not affect a person for being an entrepreneur?

Gender

Education

Family background

values

Correct! Wrong!

69. Which of the following factors does not affect a person for being an entrepreneur?

Work history

Nationality

Education

Personal values

Correct! Wrong!

70. The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:

Economic development

Balance of payment

Barter system

International trade

Correct! Wrong!

Questions 71 to 100

71. Which one of the following is NOT a condition of a contract?

An offer is made

Consideration is given

An acceptance of offer

Contract must be illegal

Correct! Wrong!

72. Government can help in forming new ventures by providing:

Finance

Technology

Infrastructure

Subsidies

Correct! Wrong!

73. A contract must be signed by:

At least one party

Both the parties

Not necessary to sign

By third party

Correct! Wrong!

74. Which of the following areas are preferred by women entrepreneurs?

Administration

Organization

Utilities

Manufacturing

Correct! Wrong!

75. A typical inventor is usually ______________.

Highly creative & in love with the invention

Does not encourage change

Willing to modify the invention

Not enthusiastic

Correct! Wrong!

76. Which one of the following is the fourth step in the entrepreneurial process?

Developing successful business ideas

Initiating New rules

Deciding to become an entrepreneur

Growing the entrepreneurial firm

Correct! Wrong!

77. The commitment of administrative domain to the resources is for:

Periodic intervals

Total amount needed

For certain tasks

For long time

Correct! Wrong!

78. Developing a new idea through inquiry and testing is called:

Forced relationship

Heuristics

Scientific method

Value analysis

Correct! Wrong!

79. Which of the following is not a source of idea generation?

Consumers

Federal government

Brain-storming

Training

Correct! Wrong!

80. Which of the following cannot be covered under the copyright protection?

Computer software

Poems and songs

Computer hardware

Models and sculpture

Correct! Wrong!

81. An individual who initiates, creates, and manages a new business can be called ______________.

A leader

A manager

A professional

An entrepreneur

Correct! Wrong!

82. Intellectual Property laws can protect ______________.

Trademarks

Patents

All the above

Correct! Wrong!

83. A new venture's business plan is important because ______________.

It helps to persuade others to commit funding to the venture.

Can help demonstrate the viability of the venture.

Provides a guide for business activities by defining objectives.

All the above.

Correct! Wrong!

84. Which of the following are described as one of the Big Five personality traits?

tolerance of others.

need for achievement.

propensity to leadership.

locus of control.

Correct! Wrong!

85. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called ______________.

an administrator.

a predator.

an auditor.

a turnaround consultant.

Correct! Wrong!

86. IFCI stands for ______________.

Industrial finance corporation of India.

Institutional finance corporation of India.

Industrial funding corporation of India.

Indian finance corporation and institution.

Correct! Wrong!

87. SIPCOT's financial assistance is in the form of ______________.

term loan.

seed capital scheme.

underwriting the capital issues.

All of the above.

Correct! Wrong!

88. EDPs course contents contains ______________.

General introduction to entrepreneurs.

Motivation training.

Managerial skills.

All the above.

Correct! Wrong!

89. ______________ is a form of financing especially for funding high technology, high risk and perceived high reward projects

Fixed capital.

Current capital.

Seed capital.

Venture capital.

Correct! Wrong!

90. ______________ is primarily concerned with the identification of the project demand potential and the selection of the optimal technology.

Techno-economic analysis.

Feasibility analysis.

Input analysis.

Financial analysis.

Correct! Wrong!

91. EST stands for ______________.

Earliest Start Time.

Event Start Time.

Effective Start Time.

Essential Start Time.

Correct! Wrong!

92. ______________ may be defined as the excess of present value of project cash inflows over that of out flows.

Net present value technique.

Average rate of return.

Benefit-Cost ratio.

Internal rate of return

Correct! Wrong!

93. ______________ implies the availability or otherwise of plant and machinery and technical know-how to produce the product.

Economic viability.

Technical feasibility.

Financial feasibility.

Managerial competence

Correct! Wrong!

94. Which of the list below does not form Intellectual Property?

Trade marks.

Patents

Tangible assets.

Correct! Wrong!

95. Idea of new product is tested in potential consumers to determine consumer acceptance at ______________ stage.

Concept

Product development.

Test marketing.

Commercialization

Correct! Wrong!

96. Strategic entrepreneurial marketing has been summarized as the 4Is, identification of target markets, interactive marketing methods, informal intelligence gathering and - what is the fourth?

independence

instructiveness

innovation

internet

Correct! Wrong!

97. LOB stands for______________.

Line of Business.

Line of Balance.

Loss of Business.

Loss of Balance

Correct! Wrong!

98. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ______________.

Programmed decisions.

Non - programmed decisions.

Routine decisions.

Strategic decisions.

Correct! Wrong!

99. When a firm enters into some business which is related with its present business in terms of technology, marketing or both it is called as ______________.

conglomerate diversification.

horizontal integration.

vertical integration.

concentric integration.

Correct! Wrong!

100. EXIM bank is a ______________.

State-level institution.

Regional - level institution.

International institution.

All India institution.

Correct! Wrong!

Click Below for more Entrepreneurship mcqs with answers:

1 to 50, 51 to 100, 101 to 150, 151 to 200, 201 to 250, 251 to 300, 301 to more

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Entrepreneurship MCQs with Answers Part # 2

51. The importance of intellectual property should be understood by entrepreneur even before:

52. A patent is granted for a specified amount of time because of the assumption:

53. External forces directly affect all of the following EXCEPT:

54. Which of the following is alternatively called corporate venturing?

55. Following are the types of non equity arrangements EXCEPT:

56. Government can help in forming new venture by providing:

57. The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is:

58. Entrepreneurial success has been significant because of the culture and the political and economic systems in ––––––––.

59. The transitional disturbance and lack of reform has led to boom black market in:

60. Which of the following factors has allowed small companies to act like they are big ones?

61. Gazelles are the firms with:

62. Professional support network includes following EXCEPT:

63. The period in which the money person entered into a contract with the go-between to sell his goods is known as

64. Which one of the Following is not the way by which an entrepreneur can enter into international business?

65. ______________ viewed the entrepreneur as a risk taker who "buy(s) at an uncertain price, therefore operating at a risk".

66. Female entrepreneurs differ from male entrepreneurs in terms of all of the following EXCEPT:

67. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to its color. What could be the best source of this information?

68. Which of the following factors does not affect a person for being an entrepreneur?

69. Which of the following factors does not affect a person for being an entrepreneur?

70. The former USSR received technology and syrup from Pepsi and provided it with Soviet vodka and rights to distribute it in the US. This is an example of:

71. Which one of the following is NOT a condition of a contract?

72. Government can help in forming new ventures by providing:

73. A contract must be signed by:

74. Which of the following areas are preferred by women entrepreneurs?

75. A typical inventor is usually ______________.

76. Which one of the following is the fourth step in the entrepreneurial process?

77. The commitment of administrative domain to the resources is for:

78. Developing a new idea through inquiry and testing is called:

79. Which of the following is not a source of idea generation?

80. Which of the following cannot be covered under the copyright protection?

81. An individual who initiates, creates, and manages a new business can be called ______________.

82. Intellectual Property laws can protect ______________.

83. A new venture's business plan is important because ______________.

84. Which of the following are described as one of the Big Five personality traits?

85. Someone legally appointed to resolve the financial difficulties of an insolvent firm is called ______________.

86. IFCI stands for ______________.

87. SIPCOT's financial assistance is in the form of ______________.

88. EDPs course contents contains ______________.

89. ______________ is a form of financing especially for funding high technology, high risk and perceived high reward projects

90. ______________ is primarily concerned with the identification of the project demand potential and the selection of the optimal technology.

91. EST stands for ______________.

92. ______________ may be defined as the excess of present value of project cash inflows over that of out flows.

93. ______________ implies the availability or otherwise of plant and machinery and technical know-how to produce the product.

94. Which of the list below does not form Intellectual Property?

95. Idea of new product is tested in potential consumers to determine consumer acceptance at ______________ stage.

96. Strategic entrepreneurial marketing has been summarized as the 4Is, identification of target markets, interactive marketing methods, informal intelligence gathering and - what is the fourth?

97. LOB stands for______________.

98. Decisions which are non-repetitive and novel nature and required to solve unstructured problem is called as ______________.

99. When a firm enters into some business which is related with its present business in terms of technology, marketing or both it is called as ______________.

100. EXIM bank is a ______________.

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