Ent Obe MCQS (R19)

MCQ’s Question Bank /Topic Learning Outcomes
Course Details
Class : SECOND Year, B. Tech Semester: II Year: 2021-22
Course Title :ENTREPRENEURSHIP Course Code: 9A05401 Credits: 3
Program/Dept.: Computer Science & Engineering (CSE) Batch : 2019-23
Regulation: R-19 Faculty: I V GIRISH KUMAR
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MCQ: Multiple Choice Question

TLO. Unit Explanation/ Remarks (Optional)
Labels to the right indicate: CO=Course Outcome, BL=BLOOMS level, ANS=Correct Answer. CO BL ANS
No: No:
On completion of the Lecture/ Tutorial/ Lab on a topic, students must be able to:
1. 1 Which of the following is used by entrepreneurs to acquire experience in an 1 1 B

international market before making a major commitment?
a) Merger b) Minority Interest c) Joint venture d) Majority interest
2. 1 A corporate manager who starts a new initiative for their company which entails setting 1 2 C
up a new distinct business unit and board of directors can be regarded as?
(a) Ecopreneur (b) Technopreneur (c) Intrapreneur (d) Social Entrepreneur
3. 1 Family business always interested to handover the change of his business to: 1 1 C
(a) Indian Administration Officers (b) Professional Managers (c) Next generation (d)
None of the above
4. 1 Which one of the following is the most important characteristic of a successful 1 1 B
business website?
a) Innovation b) Speed c) Graphics d) Products
5. 1 The entrepreneur was distinguished from capital provider in: 1 1 C
a) Middle ages b) 17th century c) 18th century d) 19th and 20th century
6. 1 Individuals influencing an entrepreneur’s career choice and style are known as which 1 1 B
of the following?
a) Moral-support network b) Role model c) Professional support network d) Support
system
7. 1 Which of the following is alternatively called corporate venturing? 1 1 B
a) Entrepreneurship b) Intrapreneurship c) Act of stating a new venture d) Offering
new products by an existing company
M C Q ’ s Q u e s ti o n B a n k / T o p i c L e a r n i n g O u t c o m e s Page 1of 20
No: No:
8. 1 An individual who initiates, creates and manages a new business can be called 1 2 C
_______?
A. A leader B. A manager C. An entrepreneur D. A professional
9. 1 Which could provide an individual with the motivation to start a new business venture? 1 1 D
A. The financial rewards. B. A desire to be independent.
C. Risk-taking D. All the above.
10. 1 Why are small businesses important to a country’s economy? 1 1 B
A. They give an outlet for entrepreneurs.
B. They can provide specialist support to larger companies.

C. They can be innovators of new products.
D. All the above.
11. 1 Which industrial sector tends to naturally promote small-scale businesses and 1 2 A
Entrepreneurship, and generally has lower barriers to market entry?
A. Service. B. Manufacturing. C. Distribution. D. Agriculture.
12. 1 Which of the following is the reason for business failure __________? 1 2 D
A. Lack of market research.
B. Poor financial control.
C. Poor management.
D. All the above.
13. 1 Innovation can best be defined as_______. 1 1 D

A. the generation of new ideas.
B. the evolution of new ideas.
C. the opposite of creativity.
D. the successful exploitation of new ideas.
No: No:
14. 1 Entrepreneurs are motivated by _________. 1 1 D

A. money.
B. personal values.
C. Pull influences.
D. All the above.
15. 1 Which of the following actions describe the first trait of an entrepreneurial mindset, 1 2 E
taking initiative?
a) Seeking to learn new things and build skills
b) Making decisions with authority
c) Broadening your understanding of how a business or organization works
d) Taking on additional responsibiliti4es once you have mastered your own
e) All o f the above
16. 1 Which of the following statements is true about learning from mistakes? 1 1 D
a) If you try something new, you are bound to succeed on your first attempt.
b) You can completely avoid failure by making sure you learn from others’
mistakes
c) Mistakes are indicators of reckless decision making.
d) The only way to learn to do new things is if you are willing to risk failing
e) You cannot learn from mistakes; failure is permanent
17. 1 When someone has an entrepreneurial mindset, they: 1 2 B
a) View failure as a permanent consequence of an action and avoid risk at all costs
b) Do not put themselves in the position of needing to learn a new job or skill set.
c) Take initiative to broaden their knowledge of how a business or organization
runs.
d) Know that every situation in life is different and lessons learned are rarely
connected.
18. 1 Which of the following is an example of social entrepreneurship? 1 1 A

a) Sell backpacks and for each one purchased, donate one to a child in a low-
income school
b) Develop a new app for customers comparing prices of cars and trucks at local
No: No:
dealerships
c) Create a catering business that hosts dinner parties.
d) Offer fee-based tutoring and writing services to local students.
e) Establish a dog and cat grooming business in which you also sell outdoor gear
for pets.
19. 1 “the Three P’s”: Preparation, Presentation, and Passion. What lesson did he learn from 1 1 B
the Three P’s?
a) Even though his landscaping business wasn’t directly related to his work in
school, he discovered the Three P’s are applicable to both situations.
b) The Three P’s are a set of important guidelines for any entrepreneur who wants
to start a business.
c) Knowing the Three P’s is different than actually putting them into practice
successfully.
d) The most important one was Preparation.
e) You can only learn the Three P’s through a job like landscaping.
20. 1 Employees that have an entrepreneurial mindset would: 1 1 B
a) Try anything new in order to be considered a risk-taker.
b) Come up with creative solutions to problems.
c) Believe every situation is completely unique and unrelated to others
d) Decide they could only solve problems on their own
21. 2 Social entrepreneurship can be defined as which of the following?+ 2 2 D
a) A process involving the innovative use and combination of resources to pursue
b) Coming up with new solutions to social problems and then implementing them,
often on a large scale
c) An attempt at the creation new social value through the creation of a new
enterprise, such as self-employment, creating a new business or nonprofit, or
the expansion of an existing social enterprise by an individual, team of
individuals or firm'
d) All of the above
22. 2 which of the following is a drawback to the social enterprise model? 2 1 C

a) Profiting off the poor
No: No:
b) Neglecting those who cannot pay

c) Decreasing the social capital of the society
d) Neglecting those who cannot pay and decreasing the social capital of the
society
23. 2 Social entrepreneurs act as change agents by: 2 1 D

a) Acting boldy and responsively to tackle need
b) Adopting a mission to create social value
c) Being accountable to the constituencies served
d) All of the above
24. 2 Which of the following alone can ensure effective ethics programme in a business 2 1 B
enterprise?
(a) Publication of a code
(b) Involvement of employees
(c) Establishment of compliance mechanisms
(d) None of them
25. 2 Which of the following is capable of doing maximum good to society? 2 2 C
(a) Business success
(b) Laws and regulations
(c) Ethics
(d) Professional management
26. 2 That an enterprise must behave as a good citizen is an example of its responsibility 2 1 D
towards
(a) Owners
(b) Workers
(c) Consumers
(d) Community
27. 2 If business is to operate in a society which is full of diverse and complicated problems, 2 1 A
it may have
(a) Little chance of success
(b) Great chance of success
No: No:
(c) Little chance of failure

(d) No relation with success or failure
28. 2 Which of the following statements about ethical standards are TRUE? 2 1 D
(a) The upper limits of ethical standards are set by individual standards
(b) The laws of economically developed countries generally define the lowest common
denominator of acceptable behaviour
(c) The actual degree of enforcement of the law in an underdeveloped country would
determine the lower limit of permissible behaviour
(d) All of the above
29. 2 The national Society of Professional Engineers had a code, which requires 2 2 D
professionals to
(a) Dissociate themselves from organizations that are of a questionable character
(b) Further the cause of public good
(c) Advise clarity, the consequences, if a technical opinion is overruled by a non-
technical person
30. 2 Which of the following does not contribute to the development of a manager’s standard 2 1 A
of ethics?
(a) competitor behaviours
(b) society’s norms and values
(c) individual life experiences
(d) environmental situations
31. 2 Corporate social responsibility that extends beyond legal mandates can help meet 2 2 A
societal expectations in the absence of
(a) Statutory devices
(b) Social tool
No: No:
(c) Cost tool and Techniques

(d) Science tool
32. 2 Ethics is important for 2 2 D

(a) Top management
(b) Middle-level managers
(c) Non-managerial employees
(d) All of them
33. 2 Business people have the skills to solve 2 1 C

(a) All social problems
(b) Some social problems
(c) No social problems
(d) All economic problems
34. 2 Which is the approach to corporate planning? 2 1 D

(a) Customers and workers satisfaction
(b) Planning skills
(c) Optimising
35. 2 The process in which an individual working in an organization pursue opportunities 2 2 D

without regard to the resources they currently control
A. Start up Management B. Financial Analysis C. Feasibility Study D. Corporate

Entrepreneurship
36. 2 The process in which entrepreneurs develop new products making current products 2 1 C
obsolete
No: No:
A. New Business Model B. Anatomization C. Constructive Disruption D. Destructive

Creation
37. 2 Which is the most important factor in forcing the companies to focus on new product 2 2 B
development and increased productivity?
A. Government Policies B. Hyper Competition C. Entrepreneurship D. Organizational

Culture
38. 2 The activity that occurs at the start of the new venture is called as? 2 1 C
A. Business activity B. Goal setting C. Departure point D. Motivation
39. 2 The members of distribution channels are excellent sources for new ideas because 2 2 D
A. They do not bother if entrepreneur bears a loss
B. They have well-developed sales force
C. They earn a handsome profit from new business
D. They are familiar with the needs of the market
40. 2 Venture capital is concerned with 2 2 C
A. New project of high technology
B. New project having high risk
C. New project having potential for higher profit
D. New project with good human resource
41. 3 _______________ actions by an entrepreneur is most likely to contribute to creative 3 1 D
destruction.
A. Development of a new product
B. Take-over of a competitor
C. Issuing shares
D. Development of a new product
42. 3 The resistance of employees in an organization against flexibility, growth, and 3 2 C

diversification can be overcome by developing_____________.
No: No:
A. Entrepreneurship
B. Managerial domain
C. Intrapreneurship
D. Administrative domain
43. 3 ______________ shows the process of creating something new. 3 1 A

A. Innovation
B. Business model
C. Modeling
D. Creative flexibility
44. 3 Which one of the following is an advantage of the small firm in the innovation 3 1 D
process?
A. Ability of the entrepreneur to carry out multiple tasks
B. Ability to raise finance
C. Ability to carry out R&D
D. Ability of the entrepreneur to act on new ideas or product development
45. 3 The goals should be ____________ for the success of business plan. 3 1 B
A. Generalized
B. Specific
C. Limitless
D. Imaginary
46. 3 _____________________ is used by entrepreneurs to acquire experience in an 3 1 A

international market before making a major commitment.
A. Minority interest
B. Joint venture
C. Merger
D. Majority interest
No: No:
47. 3 Firms located on science parks are ____________ as compared to those located off 3 1 C
science parks.
A. Less innovative
B. More innovative
C. No more or less innovative
D. More growth orientated
48. 3 Which one of the following theory has the attribute of moderate risk taking as a 3 1 B
function of skill, not chance?
Need for independence
Need for achievement
Need for affiliation
Need for authority
49. 3 All of the following are the broad categories of External forces EXCEPT: 3 1 B
Economic forces
S Socioeconomic forces
Technological forces
Competitive forces
50. 3 A ______________ is a professional money manager who makes risk investment from 3 1 A
a pool of equity capital to obtain a high rate of return on investments.
venture capitalist
entrepreneur
businessman
buyer
51. 3 What is the hallmark of a successful entrepreneur? 3 1 C

a. Risk bearing capacity
b. Persistence
c. Flexibility
d. Self-confidence
No: No:
52. 3 What is the analytical study of the end products and by-product can throw light on new 3 1 D
product ideas?
a. Emerging technologies
b. Market characteristics
c. Social and economic trends
d. Product profile
53. 3 What can be defined as an attractive project idea which an entrepreneur accepts as a 3 1 C
basis for his investment decision?
a. Possibility
b. Business
c. Opportunity
d. Notion
54. 3 When two or more enterprises merge into one to form a new enterprise, what is it 3 1 B
called?
a. Absorption
b. Amalgamation
c. Joint Venture
d. Franchising
55. 3 Which of the following is not a source of idea for an entrepreneur? 3 1 A
a. Cost of the project
b. Product profile
c. Imports and exports
d. Emerging technologies
56. 3 EDB stands for ___ 3 1 C
1. Enterprise Development Bureau
2. Entrepreneurial deli censing Bank
3. Entrepreneurial Development Bureau
4. Entrepreneur Development Bureau
57. 3 The business plan should be prepared by: 3 1 A
Entrepreneurs
Consultants
Engineers
No: No:
Small business administration services
58. 3 The primary advantage of Organizational Development is:- 3 1 A

(A)- It tries to deal with change in a whole organization
(B)- It is easy to implement
(C)- both ‘A’ and ‘B’
(D)- None of the above
59. 3 Some of the major benefit(s) of the OD interventions is (are):- 3 1 D

(A)- Improved job satisfaction
(B)- Improved productivity
(C)- Improved team work
(D)- All of the above
60. 3 Some of the indications of requirement of organisational development efforts are:- 3 1 D

(A)- Reduced customer satisfaction
(B)- Lack of co-operation between people
(C)- Rapidly increasing costs
(D)- All of the above
61. 4 In real life, entrepreneurs are those that… 4 1 C

a) Robbers that exploit their workers
b) Generate business success
c) Generate business success through hard and long hours of work
d) Robbers that exploit their workers and generate business success
62. 4 Five personality dimensions of entrepreneurs are… 4 2 B
a) Achievement; autonomy; external locus of control; risk taking propensity and
entrepreneurial self-efficacy
b) Achievement; autonomy; external locus of control; risk taking propensity and
c) Achievement; autonomy; external locus of control; high risk taking propensity and
No: No:
d) Achievement; autonomy; internal locus of control; risk taking propensity and

63. 4 The following critical risks are…. 4 1 D
a) Financial and physical risk
b) Career risks and family risk
c) Psychological risks
d) All of the above
64. 4 Internal locus of control refers to… 4 1 A
a) A belief that one can control one’s own environment
b) A belief that someone else controls one’s environment
c) A belief that one and someone lese control one’s environment
d) A belief that no one controls one’s environment
65. 4 Risk taking is referred to as… 4 1 B
a) The willingness to pursue an opportunity knowing that there might be a
unreasonable risk involve
b) The willingness to pursue an opportunity knowing that there might be a reasonably
risk involve
c) The willingness to pursue an unrealistic opportunity knowing that there might be a
reasonably risk involve
d) The willingness to pursue an opportunity knowing that there might be a reasonably
risk involve
66. 4 Which ONE of the following is not a creativity barrier? 4 1 C
a) Negative beliefs and habits
b) Environment not willing to risk
c) Full financial support
d) Making assumptions
67. 4 Strategic management consist of three phases; which does NOT apply? 4 2 B
a) The strategy implementation phase
b) The strategy performance phase
c) The strategy evaluation phase
d) The strategy formulation phase
68. 4 Which one of the following is not an Intrapreneurial leadership characteristic? 4 1 B
No: No:
A.Encourage the team work

B.Not flexible
C.Understands environment
D. Persisten
69. 4 Entrepreneurial management is noted for its ability to react quickly and effectively to 4 1 B
new ___________.
A. Market
B. Business opportunities
C. Product
D. Technology
70. 4 Self-actualization needs on the job are fulfilled by : 4 2 C
(a) Ensuring hard work in the job
(b) Ensuring quality products
(c) Participating in a training programme
(d) None of the above
71. 4 According to sociological approach, entrepreneurship 4 1 B
(a) Process of sensitivity
(b) Process of role performance
(c) Process of economic change
(d) All of these
72. 4 Entrepreneurs and ventures capitalists: 4 1 D
a) Get along well
b) Are the best friends
c) Are cordial friends
d) Are in conflict
73. 4 _______________ is the analysis of costs and benefits of a proposed project with the 4 1 C
goal of assuming a rational allocation of limited funds.
No: No:
Project formulation.
Project evaluation.
Project appraisal.
Project Design.
74. 4 ____________ can be defined as a specifically evolved work plan densed to achieve a 4 2 C
specific objective within a specific period of time.
Idea generation.
Opportunity Scanning.
Project.
Strategy.
75. 4 oods or services reach the market place through ________. 4 2 A

Marketing channels.
Multilevel pyramids.
Monopolies.
Multiplication.
76. 4 Which of the following is not an inventory? 4 1 A

Machines
Raw material
Finished products
Consumable tools
77. 4 Activities which must be finished before a given event can occur are termed as 4 2 A
_________.
A. Preceeding Activities.
B. Succeeding Activities
C. Concurrent Activities
D. Dummy Activities.
78. 4 _____________ is a graphical representation of the various activity and event relating 4 1 D
to a project.
No: No:
A. Network analysis.
B. Scheduling technique.
C. Logical Model.
D. Network Diagram
79. 4 _____________ refers to some action which is a time consuming effort necessary to 4 2 B
complete a specific event.
A. A Network.
B. An Activity.
C. An Event.
D. A Node.
80. 4 What is a two-way exchange process in which the needs and wants of the buyer and 4 2 A
seller are satisfied?
a. Marketing
b. Selling
c. Producing
d. Accounting
81. 5 Which of the following is not a part of Funding Innovation? 5 2 B
a) Incubation Center
b) Startup Yatra Funds
c) Research Parks
d) Manak
82. 5 The granting of cash subsidy on the capital investment is called __________. 5 1 D
A. Concessional finance.
B. Quantum of Subsidy.
C. Interest Subsidy.
D. Central Investment Subsidy.
83. 5 _________, machines and equipments are arranged in the order or sequence in which 5 1 B
they are to be used for manufacturing the product
A. Factory Layout.
B. Product Layout.
C. Process Layout.
No: No:
D. Combined Layout.
84. 5 ___________ is a right obtained by a person for his innovation 5 3 B
a. copy right
b. Patent
c. trade mark
d. License
85. 5 To obtain a patent the inventor must given an application to ___________ of patent 5 1 B
a. certifying authority
b. Controller of patent
c. commissioner of patent
d. any of the above
86. 5 A copyright will be issued for the work related to 5 1 D

a. movie
b. literature
c. music
d. all of the above
87. 5 Intellectual Properties Act deals with 5 1 D

a. Patent
b. Copyrights
c. Trademark
d. All of the above
88. 5 What protects the intellectual property created by artists? 5 2 A

a) Copyright
b) geographical indications
c) patents
d) registered designs
e) trademarks
No: No:
89. 5 What protects the intellectual property created by inventors? 5 1 C

a) Copyright
b) geographical indications
c) patents
d) registered designs
e) trademarks
90. 5 Ownership capital is also known as? 5 1 B

a. Debt
b. Equity
c. Loan
d. Mortgage
91. 5 In long term capital, the repayment of money is arranged for what time period? 5 2 D
a. Within 1 year
b. More than 2 years
c. More than 7 years
d. More than 5 years
92. 5 What is the fourth element involved in TQM? 5 1 B
a. Processes
b. Team Work
c. Continuous Improvement
d. Customer Satisfaction
93. 5 What breeds personal initiative? 5 1 A
a. Empowerment
b. Consensus
c. Teamwork
d. Organization
94. 5 Which of the following is not a source of idea for an entrepreneur? 5 2 A
a. Cost of the project
b. Product profile
c. Imports and exports
d. Emerging technologies
No: No:
95. 5 Business risks can be ______. 5 1 B

A. avoided.
B. reduced.
C. ignored.
D. erased
96. 5 As a new company grows, the entrepreneur will need to _________. 5 1 D
A. be responsive to changes in the market.
B. ensure financial controls are maintained.
C. build a management team.
D. all the above
97. 5 To provide financial assistance to entrepreneurs the government has set up a number 5 2 D
of___________.
A. financial advisors.
B. financial intermediaries.
C. Industrial estates.
D. financial institutions.
98. 5 On the basis of permanence, the financial needs are classified into : 5 1 A
a. Fixed & working capital
b. Long term & fixed capital
c. Short term & fixed capital
d. Long term & short term capital
99. 5 The term “export finance” refers to ___ facilities and techniques of ___ at the pre- 5 2 B
shipment and post-shipment stages.
a. Debit & payment
b. Credit & payment
c. Credit & collection
d. Credit & debit
100. 5 What refers to managing continuous improvement and does not address any specific 5 1 C
organizational level?
a. Quality
b. Administration
c. Management
No: No:
d. People

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MCQ’s Question Bank /Topic Learning Outcomes

MCQ: Multiple Choice Question

1. 1 Which of the following is used by entrepreneurs to acquire experience in an 1 1 B

B. They can provide specialist support to larger companies.

D. All the above.

13. 1 Innovation can best be defined as_______. 1 1 D

14. 1 Entrepreneurs are motivated by _________. 1 1 D

18. 1 Which of the following is an example of social entrepreneurship? 1 1 A

22. 2 which of the following is a drawback to the social enterprise model? 2 1 C

b) Neglecting those who cannot pay

23. 2 Social entrepreneurs act as change agents by: 2 1 D

(c) Little chance of failure

(c) Cost tool and Techniques

32. 2 Ethics is important for 2 2 D

33. 2 Business people have the skills to solve 2 1 C

34. 2 Which is the approach to corporate planning? 2 1 D

35. 2 The process in which an individual working in an organization pursue opportunities 2 2 D

A. Start up Management B. Financial Analysis C. Feasibility Study D. Corporate

A. New Business Model B. Anatomization C. Constructive Disruption D. Destructive

A. Government Policies B. Hyper Competition C. Entrepreneurship D. Organizational

A. Business activity B. Goal setting C. Departure point D. Motivation

42. 3 The resistance of employees in an organization against flexibility, growth, and 3 2 C

43. 3 ______________ shows the process of creating something new. 3 1 A

46. 3 _____________________ is used by entrepreneurs to acquire experience in an 3 1 A

51. 3 What is the hallmark of a successful entrepreneur? 3 1 C

Small business administration services

58. 3 The primary advantage of Organizational Development is:- 3 1 A

59. 3 Some of the major benefit(s) of the OD interventions is (are):- 3 1 D

60. 3 Some of the indications of requirement of organisational development efforts are:- 3 1 D

61. 4 In real life, entrepreneurs are those that… 4 1 C

d) Achievement; autonomy; internal locus of control; risk taking propensity and

A.Encourage the team work

a) Get along well

b) Are the best friends

c) Are cordial friends

75. 4 oods or services reach the market place through ________. 4 2 A

76. 4 Which of the following is not an inventory? 4 1 A

86. 5 A copyright will be issued for the work related to 5 1 D

87. 5 Intellectual Properties Act deals with 5 1 D

88. 5 What protects the intellectual property created by artists? 5 2 A

89. 5 What protects the intellectual property created by inventors? 5 1 C

90. 5 Ownership capital is also known as? 5 1 B

95. 5 Business risks can be ______. 5 1 B

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