Inventory mcq points

01.‘Buffer stock’ is the level of stock

Minimum stock level below which actual stock should not fall.

02.The time period between placing an order its receipt in stock is known as

Lead time

03.Inventory carried for the purpose of providing flexibility to each decision-making unit to manage its operations independently is known as

Decoupling inventory

04.The inventory which is dependent on alternative modes of transportation is known as

Pipeline inventory

05.Decision model to calculate optimal quantity of inventory to be ordered is called

economic order quantity.

06.Cost of product failure, error prevention and appraisals can be classified under

costs of quality

07.Which of the following relationships hold true for safety stock?

the higher the profit margin per unit, the higher the safety stock necessary.

08.A B2B exchange is a_____ Internet marketplace that matches supply and demand by real-time auction bidding.

business-to-business

KAUSHALYA VARDHAN KENDRA (KVK)

KAUSHALYA VARDHAN KENDRA (KVK)

HIGHLIGHTS OF THE KAUSHALYA VARDHAN KENDRA (KVK)

“Instead of trainees going to the Institutes, the Institutes go to the trainees”

•The very idea of “Kaushalya Vardhan Kendra”was conceived during the Chintan Shibir at Dhordo (Kutch, Gujarat) held from 3rd December 2009 to 7th December 2009.

•The courses were selected on WISH concept;

W - Women Oriented Courses,

 I -Industry Oriented Courses,

S -Soft Skill and Service Sector Related Courses,

H -Hard Core Traditional Courses.

•Nominal fees of Rs.50.00 per month are charged from General candidate and SC, ST, BPL, Physically Handicapped and Women are exempted from fees.

•Main breakthrough of the scheme is to increase the woman’s turnout for skill-related courses.

•All the KVKs have DTH connections and the regular lectures have been arranged through “Bhaskaracharya Institute for Space Applications and Geo informatics “(BISAG).

•Initially, villages with a population of 10,000(7000 in Tribal areas) were identified for this intervention, which is now revised to 5000 and clusters within 15 kmsof these villages are covered with the skill center.

•The development journey of Gujarat received another feather in its cap! Gujarat’s Kausalya Vardhan Kendra, the flagship scheme of the Directorate of Employment and Training to enhance skill development among the people has won the Prime Minister’s Award for Excellence in Public Administration for the year 2011-2012.

•The award was presented by the Prime Minister Dr. Manmohan Singh on 21st April 2013, which is commemorated as National Civil Services Day. The Award was received by Ms. Sonal Mishra, Director Employment and Training.

•The District level ITIs were designated as nodal agencies, Principals of the Institutes were declared as Skill Development Officers for their District.

•Certification by Gujarat Council of Vocational Training (GCVT)

•No upper age limits.

•Admission based on School Leaving Certificate.

•Exception is provided for those who have no School leaving Certificates and admission is based on Oral Test.

•Locally available Government building/rental building is used for KVKs.

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.

Entrepreneurship Development mcq part 2

Entrepreneurship Development 

mcq notes part 2

1. What is the primary opportunity that exists for startups in emerging industries?

Capturing a first-mover advantage.

2. Which of the following are the main components of an industry/target market feasibility analysis?

Industry sufficiency and target market demand.

3. The majority of Americans work for

small businesses

4. What are the two types of disruptive business models?

New-market and low-end.

5. Primaryresearch consists of data that has been collected by the person completing the analysis.

Secondaryresearch uses data that has been collected previously.

6. The most essential role of the executive summary in the business plan is to

attract investors.

7.          Fixed costs remain the same despite the volume of goods or services produced.

8. Variable costs vary proportionally with the volume of goods or services provided.

9. A limitedpartnership is a modified form of a general partnership.

10. Which section of the business plan focuses on the specific segment or target market of an industry to which the firm will try to appeal?

Market analysis.

11. A(n) outsidedirector on a board of directors is NOT employed by the firm.

12. What are the primary financial objectives of any firm?

Liquidity, profitability, efficiency, and stability.

13. The statement of cash flows is divided into ____________activities.

operating, investing, and financing.

14. The difference between sales revenue and cost of goods sold is known as the

gross profit or gross margin.

15. An entrepreneur who starts a business without external funding is utilizing a technique referred to as

Bootstrapping.

16. The 4 P's of a firm's marketing mix consists of

product, price, promotion, and place.

17. Value-based pricing takes a customer

oriented approach.

18. What are the three types of patents?

Utility; design; plant.

19. A product and trademark franchise is an arrangement in which the franchise or grants to the franchisee the right to buy its products and use its trade name.

Entrepreneurship Development mcq part 1

Entrepreneurship Development mcq notes part 1

1. Any patents, trademarks, copyright or trade secrets held by the entrepreneur is known as

Intellectual property

2. The organization will never be able to make the necessary changes without_________

Top management commitment

3. The ways entrepreneurs make decisions.

Entrepreneurial domain.

4. locus of control is

Attribute

5. International entrepreneurship is

1. Licensing

2. Exporting

3. Both mentioned options

6. A set of reasons for engaging in a behavior, especially human behavior is

known as _____________.

Motivation

7. When the multiplicity of environments become too complex to handle, the

international entrepreneurs often __________.

Decentralize operations.

8. Having more than 50% ownership position that provides the entrepreneur with

managerial control is called ___________.

Majority interest.

9. In __________________, the entrepreneur has the right to sell any assets.

Proprietorship.

10. SBIR stands for:

Small Business Innovation Research.

11. An entrepreneur's primary motivation for starting a business is

To be independent.

12. To be successful in an entrepreneurial venture, you need

Luck.

13. A successful entrepreneur relies on which of the following for critical management

advice

External management professionals.

14.Entrepreneurs are:

Moderate risk takers.

15. Entrepreneurs:

Just fit into the crowd at a party.

16. NAFTA stands for:

North American Free Trade Agreements.

17. _________________ is one method of stimulating, and then capitalizing on, individuals in an organization who think that something can be done differently and better.

Intrapreneurship.

18. The typical _________________ has a climate and reward system that favor conservative decision making.

Corporate culture

19. Female entrepreneurs normally start their venture at the age of

_____________ years.

35-45

20.Which of the following is recognized as the most common type of patent?

Utility patent.

21. ----------------- uses individuals in a manner that is analogous to focus groups to generate new product ideas.

Problem inventory analysis

22. A ----------- leads a group of people through an open, in-depth discussion.

Moderator

23. The ------------------------------------- technique develops methods for maximizing value to

the entrepreneur and the new venture.

Value analysis

24. The term entrepreneur came from:

French.