Entrepreneurial success has been significant because of the culture and the political and economic system in . . . . . . . .
A. European countries
B. Asian countries
C. Transition economies
D. Middle east
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All of the following are characteristics shared by those who excel at recognising opportunities except
A. brainstorming
B. prior experience
C. entrepreneurial alertness
D. social contacts and ties with others
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The . . . . . . . . means a course of proceeding, the outcome of which is uncertain but which is accompanied by the risk of danger of loss.
A. share capital
B. venture
C. capitalisation
D. entrepreneurship
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Match the following.
List-I (Subject)
List-II (Technique)
a. Entrepreneurship
1. Innovation
b. Marketing inventory
2. Promotion mix
c. Inventory management
3. Reorder level
d. HR planning
4. Appraisals
A. a-1, b-3, c-2, d-4
B. a-1, b-2, c-3, d-4
C. a-4, b-3, c-2, d-1
D. a-4, b-2, c-3, d-1
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Ethical decisions include
A. Provide the customer with valid data about the product and service
B. Enable the customer to make a free and informed choice
C. Generate customer commitment to the product and the organisation that provides it
D. All of the above
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Which factor is responsible for development of entrepreneurship?
A. Mechanism for identifying Entrepreneurs
B. Training and motivation system
C. Development of Entrepreneurial spirit
D. All of the above
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Which is the advantage of product layout?
A. Smooth production without any interruption
B. Mechanisation of material handling
C. Low cost of material handling
D. All of the above
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Which of the following statements are correct with regard to intrapreneurship?
A. It is the system wherein the principles of entrepreneurship are practiced within the boundaries of the firm
B. The individual takes on the responsibility to innovate new ideas, products and processes or any new invention within the organisation
C. Both A and B
D. Neither A nor B
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Match the following
List-I (List of Functions of Entrepreneur)
List-II (Nature of Functions of Entrepreneur)
a. Exchange
1. Industrial Technological Work
b. Administrative
2. Production Management
c. Managerial control
3. Marketing Management
d. Technological
4. Human Resource Management
A. a-1, b-2, c-3, d-4
B. a-3, b-4, c-2, d-1
C. a-3, b-1, c-4, d-2
D. a-1, b-3, c-2, d-4
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Individuals who help the entrepreneur in business activities are called
A. Role models
B. Moral support networks
C. Professional support networks
D. Business support networks
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The commitment of administrative domain to the resources is for
A. Periodic intervals
B. Total amount needed
C. For certain tasks
D. For long time
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Chief element of entrepreneurship is
A. risk and innovation
B. risk and skills
C. effective management
D. controlling
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Match the following
List-I (Developers)
List-II (Concepts)
a. Thompson and Strickland
1. Superior performance
b. Stoner and Freeman
2. Discontinuous process
c. Kuratko, Hornsky
3. Organisational process
d. Peter Kilby
4. Management
A. a-1, b-2, c-3, d-4
B. a-1, b-4, c-3, d-2
C. a-3, b-1, c-2, d-4
D. a-3, b-4, c-1, d-2
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Which one of the following is a barriers to news product creation and development
A. Trial and error
B. Opportunity parameter
C. Opportunity cost
D. Intrapreneurship culture
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Which one of the following is important for international business to avoid trade barriers?
A. Protectionist attitude
B. Entrepreneurial partnering
C. Free trade areas
D. None of the given options
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"An Entrepreneur always searches for change, responds to it and exploits it as an opportunity." Who said?
A. M. S. Robert
B. Peter F. Drucker
C. C. J. Wex
D. J. R. Tulsian
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Match the following
List-I (Motivation)
List-II (Features)
a. Extrinsic motivation
1. It is based on force and fear.
b. Intrinsic motivation
2. These motivators are associated with financial rewards.
c. Sizing up
3. Concerned with 'feeling of having accomplished something worth while'.
d. Negative motivation
4. This involves ascertaining motivational needs.
A. a-1, b-2, c-3, d-4
B. a-4, b-3, c-2, d-1
C. a-2, b-3, c-4, d-1
D. a-2, b-4, c-3, d-1
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Which is the form of 'Entrepreneurship Development Programme'?
A. Psychological form
B. Social form
C. Economic form
D. All of the above
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Which steps improve adverse balance of payment?
A. Demonetization
B. Over-valuation
C. Devaluation
D. None of these
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Which of the following statements are correct?
Statement I It is more likely that an entrepreneur will get a business idea through a weak-tie relationship (infrequent interaction between casual acquaintances), than through a strong-tie relationship (frequent interaction between friends and co-workers).
Statement II Brainstorming sessions are structured discussions that stay focused on one idea until an opportunity is identified.
Statement III Much of the effectiveness of a focus group session depends on the careful recruiting of over 20 participants.
A. Both I and II
B. Only III
C. Only I
D. Both II and III
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