Entrepreneurship MCQs with Answers Part # 5

May 1, 2023 Entrepreneurship 239 Views

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Entrepreneurship MCQs with Answers Part 5

Questions 201 to 250

201. Activities that can be accomplished simultaneously are termed as ______________.

Preceeding Activities.

Succeeding Activities.

Dummy Activities

Concurrent Activities

Correct! Wrong!

202. The process of preparing an inventory of skills needed for effective implementation of the project is called as ______________.

Economic viability.

Financial feasibility.

Technical feasibility.

Managerial competence.

Correct! Wrong!

203. Which of the following is not one of the 4 Ms?

motivation

management

money

materials

Correct! Wrong!

204. Which of the following statements is false? Electronic commerce:

can allow new ventures to compete on more or less equal terms with large firms.

can lead to small businesses having reduced contact with its customers.

is rarely used in small businesses.

is used in many different industries and markets.

Correct! Wrong!

205. ______________ is primarily concerned with the identification, qualification and evaluation of the project resources.

Techno-economic analysis.

Feasibility analysis.

Input analysis.

Financial analysis.

Correct! Wrong!

206. The application for registration of a small scale unit should be submitted to the ______________.

General manager, DIC.

Director, DIC.

General manager. NSIC.

Director, NSIC.

Correct! Wrong!

207. The purpose of soft loan scheme is to encourage units to undertake ______________.

modernization of plant and machinery.

replacement of plant and machinery.

renovation of plant and machinery.

all the above

Correct! Wrong!

168. The small scale unit wishing to export has to obtain exporters code number from ______________.

The Reserve Bank of India.

The Central Bank of India.

Any Regional Bank.

Any International Bank.

Correct! Wrong!

209. Promoter is a person who ______________.

takes part in the incorporation of a company.

is a director.

is a relative of the managing director.

works to publicity to the company.

Correct! Wrong!

210. Business risks can be ______________.

avoided

reduced

ignored

erased

Correct! Wrong!

211. A person owning and running a small firm, is known as ______________.

A manager-owner.

An owner-manager.

A professional adapter.

An enterprise worker.

Correct! Wrong!

212. One of the disadvantages of a franchise business for a franchisee is ______________.

Lack of independence.

Franchise businesses typically have a high failure rate.

Lack of brand identity.

Training is not normally provided by the franchisor.

Correct! Wrong!

213. Integration of project management with the organization takes place with the ______________.

master budget

strategic plan

Process of managing actual projects

both b and c

Correct! Wrong!

214. market potential of the project report includes______________.

demand and supply conditions

market strategy

after sales service

all the above

Correct! Wrong!

215. A business arrangement where one party allows another party to use a business name and sell its products or services is known as ______________.

A franchise.

A cooperative.

An owner-manager business.

A limited company.

Correct! Wrong!

216. Which of the following is least likely to influence the timing of new business births?

Government policies.

Profitability

Consumer expenditure.

Weather conditions.

Correct! Wrong!

217. SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed ______________.

1 crore.

1.5 crores.

2 crores.

2.5 crores.

Correct! Wrong!

218. Large investment is made in fixed assets, the project will be termed as ______________.

Capital Intensive.

Labour Intensive.

Product Intensive.

Market Intensive.

Correct! Wrong!

219. ______________ is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds.

Project formulation.

Project evaluation.

Project appraisal.

Project Design.

Correct! Wrong!

220. DGTD stands for ______________.

Directorate General of Technical Development.

District General of Technical Development.

District General of Taxation Deduction.

Directorate General of Taxation Deduction.

Correct! Wrong!

221. A key aspect of the financial section of the business plan is ______________.

A statement of management skills.

A realistic sales forecast.

Production capacity.

A description of competitors.

Correct! Wrong!

222. Underestimation of project cost leads to ______________.

Time under run.

Cost under run

Time over run.

Cost over run

Correct! Wrong!

223. Which of the following is not an aspect of appraisal of term loans by commercial banks?

Financial feasibility.

Technical feasibility.

Economic feasibility.

Societal feasibility.

Correct! Wrong!

224. DIC is headed by General Manager in the rank of ______________.

Joint Director of industries.

Assistant Director of industries.

Non-departmental officer.

Departmental officer.

Correct! Wrong!

225. Which of the following leads to over-capitalization?

acquiring fixed assets on excessive amounts.

under-estimation of initial rate of earnings.

using lower-rate of capitalization.

under estimation of required funds.

Correct! Wrong!

226. Investment in which of the following is most risky?

Equity shares.

Preference shares.

Debentures

Land

Correct! Wrong!

227. A Company is called an artificial person because ______________.

it does not have the shape of a natural person.

it cannot be used in the court of law.

it is invisible and intangible.

it exists only in contemplation of law.

Correct! Wrong!

228. ______________, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.

working capital

cost of capital

cost of production

cost of equity

Correct! Wrong!

229. Business means ______________.

Commerce

industry and commerce.

trade and commerce.

selling and buying of goods.

Correct! Wrong!

230. Large investment is made in fixed assets, the project will be termed as ______________.

Capital Intensive.

Labour Intensive.

Product Intensive.

Market Intensive.

Correct! Wrong!

231. Which of the following shows the process of creating something new?

Business model

Modeling

Creative flexibility

Innovation

Correct! Wrong!

232. Individuals influencing an entrepreneur's career choice and style are known as which of the following?

Moral-support network

Role model

Professional support network

Support system

Correct! Wrong!

233. SBA stands for:

Small business administration

Small business adequacy

Small business advisors

Correct! Wrong!

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

Existing entrepreneurs

First generation entrepreneurs

Future generations entrepreneurs

None of the above

Correct! Wrong!

235. 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

Correct! Wrong!

236. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

Merger

Minority Interest

Joint venture

Majority interest

Correct! Wrong!

237. What is the process by which individuals pursue opportunities without regard to resources they currently control?

Startup management

Entrepreneurship

Financial analysis

Feasibility planning

Correct! Wrong!

238. Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?

Entrepreneurship

Hyper competition

Governmental laws

Organizational culture

Correct! Wrong!

239. Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

Existing products and services

Distribution channels

Federal government

Consumers

Correct! Wrong!

240. 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

Correct! Wrong!

241. A women entrepreneur is supposed to have a minimum financial interest in the share capital of the entrepreneur's enterprise:

35 per cent

51 per cent

25 per cent

None of the above

Correct! Wrong!

242. The entrepreneur was distinguished from capital provider in:

Middle ages

17th century

18th century

19th and 20th century

Correct! Wrong!

243. Having more than 50% ownership position that provides the entrepreneur with managerial control is called:

Joint venture

Majority interest

Horizontal merger

Diversified activity merger

Correct! Wrong!

244. The activity which occurs when the new venture is started is called:

Motivation

Business skills

Departure point

Goal orientation

Correct! Wrong!

245. Which one of the following is the most important characteristic of a successful business website?

Innovation

Speed

Graphics

Products

Correct! Wrong!

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

Indian Administration Officers

Professional Managers

Next generation

None of the above

Correct! Wrong!

247. Which one of the following gives suggestions for new product and also help to market new products?

Existing products and services

Federal government

Distribution Channels

Consumers

Correct! Wrong!

248. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?

New business model

Anatomization

Creative destruction

None of the given options

Correct! Wrong!

249. Members of distribution channels are excellent sources for new ideas because:

They earn a handsome profit from new business

They are familiar with the needs of the market

They do not bother if entrepreneur bears a loss

They have well-developed sales force

Correct! Wrong!

250. 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

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 # 5

201. Activities that can be accomplished simultaneously are termed as ______________.

202. The process of preparing an inventory of skills needed for effective implementation of the project is called as ______________.

203. Which of the following is not one of the 4 Ms?

204. Which of the following statements is false? Electronic commerce:

205. ______________ is primarily concerned with the identification, qualification and evaluation of the project resources.

206. The application for registration of a small scale unit should be submitted to the ______________.

207. The purpose of soft loan scheme is to encourage units to undertake ______________.

168. The small scale unit wishing to export has to obtain exporters code number from ______________.

209. Promoter is a person who ______________.

210. Business risks can be ______________.

211. A person owning and running a small firm, is known as ______________.

212. One of the disadvantages of a franchise business for a franchisee is ______________.

213. Integration of project management with the organization takes place with the ______________.

214. market potential of the project report includes______________.

215. A business arrangement where one party allows another party to use a business name and sell its products or services is known as ______________.

216. Which of the following is least likely to influence the timing of new business births?

217. SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed ______________.

218. Large investment is made in fixed assets, the project will be termed as ______________.

219. ______________ is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds.

220. DGTD stands for ______________.

221. A key aspect of the financial section of the business plan is ______________.

222. Underestimation of project cost leads to ______________.

223. Which of the following is not an aspect of appraisal of term loans by commercial banks?

224. DIC is headed by General Manager in the rank of ______________.

225. Which of the following leads to over-capitalization?

226. Investment in which of the following is most risky?

227. A Company is called an artificial person because ______________.

228. ______________, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.

229. Business means ______________.

230. Large investment is made in fixed assets, the project will be termed as ______________.

231. Which of the following shows the process of creating something new?

232. Individuals influencing an entrepreneur's career choice and style are known as which of the following?

233. SBA stands for:

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

235. 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?

236. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

237. What is the process by which individuals pursue opportunities without regard to resources they currently control?

238. Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?

239. Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

240. 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?

241. A women entrepreneur is supposed to have a minimum financial interest in the share capital of the entrepreneur's enterprise:

242. The entrepreneur was distinguished from capital provider in:

243. Having more than 50% ownership position that provides the entrepreneur with managerial control is called:

244. The activity which occurs when the new venture is started is called:

245. Which one of the following is the most important characteristic of a successful business website?

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

247. Which one of the following gives suggestions for new product and also help to market new products?

248. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?

249. Members of distribution channels are excellent sources for new ideas because:

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

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