Entrepreneurship Development mcq Part 3

Entrepreneurship Development mcq notes part 3

01.The resistance of employees in an organization against flexibility, growth, and

diversification can be overcome by developing

 Intrapreneurship.

02.For the success of business plan the goals should be

Specific.

03. LMM stands for:

Locally Manufactured Machinery.

04. essential part of the contract is

All the parties involved should be named

Transaction should be described in detail

Obtain signatures of the persons involved

All the above.

05. Normally sponsor links are used in which of the following type of promotion?

Trade shows.

06. The Grameen Bank model is affectively used by ______ institute.

NGOs.

07. _______ two work environments should be good for spawning the new enterprises.

Finance and R&D.

08. Which one of the following should consider in economy while conducting

environmental analysis?

GNP.

09. Debt to equity ratio is commonly used to measure the

short-term solvency of the venture.

10. Which one of the following is the process of entrepreneurs developing new products

that over time make current products obsolete.

Creative destruction.

11. An entrepreneur doing business within the national border is called:

Domestic entrepreneurship.

12. Selling goods to another country by taking care of transactions is called:

Direct exporting.

13. Degree of influence and control on other people is called

Locus of control.

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

General agreement on tariffs and trade – GATT

15. previous name of SME is

SMEDA.

16. The difference between the value of a country’s imports and exports over time that is called

Balance of payment.

17. _______ is one of the most important leadership qualities among managers and

Employees in the organization?

Communication.

18. The resistance of employees in an organization against flexibility, growth, and

diversification can be overcome by developing

Intrapreneurship.

19. Which of the following is representing a single expense account?

Cash account.

20. Developing a new idea through inquiry and testing is called

Scientific method.

21. 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

Barter system.

22. The entrepreneur utilizes the resources through:

 Identifying and evaluating the opportunity.

23. Focus group discussion carries in

 Formal Way

 Informal Way

 Both above.

24. ___________ method entrepreneur can use to do international business with

least risk?

Turnkey projects

25. Combination of at least two

firms at different market levels that is called

Vertical merger.

26. A patent is granted for a specified amount of time because of the

That firm will earn enough profit during this period.

27. _________ is the next stage to the Concept Stage of Product

Planning and Development Process.

Product Development Stage.

28. According to the governing bodies of common laws, the life of trade secret is:

If it remains confidential.

29. ________ is a sound strategic option for an entrepreneur when synergy is present.

Merger.

30. ______ is most important in forming a new business.

Family support.

31. An entrepreneur is also successful in international business as well if he understands difference of

domestic and international business.

32. ________ is alternatively called corporate venturing.

Entrepreneurship.

33. ______ areas are preferred by women entrepreneurs.

Administration.

34. Degree of influence and control on other people is called

Locus of control.

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

Departure point.