Professional Documents
Culture Documents
EASY ROUND
(b) Initiator
(c) Actor
Ans. (d)
Ques. Someone who locates the need of society and tries to meet the same, with his/her innovative
idea.
a) Professionals
b) Entrepreneurship
c) Entrepreneur
d) Technopreneur
Ans. (c)
a) Aptitude
b) Entrepreneur
c) Employee
d) Antrapreneur
Ans. (c)
a) Self Assessment
b) Business Analysis
c) Employee Analytics
d) Self Care Management
Ans. (a)
Ques. Who among the following is founder of Facebook?
a) Mark Zuckerburge
b) Marc Williams
c) Steve Jobs
d) Mark Zuckerberg
Ans. (d)
a) Attitude
b) Aptitude
c) Willingness
d) Hard work
Ans. (b)
(a) Drone
(b) Business
(c) Women
(d) Adoptive
Ans. (c)
a) Uncertain Income
b) Work long hours
c) Fix Income
d) You are the boss
Ans. (d)
Ques. Person who works within an organization and having entrepreneurial capabilities is:
(a) entrepreneur
(b) intrapreneur
(c) manager
Ans. (b)
Ques.A set of value seeking activities that take place as people go about addressing realized needs.
a) Consumer Activity
b) Consumer Behavior
c) Consumer Orientation
d) Market Orientation
Ans. (B)
(a) profitability
(b) liquidity
(c) feasibility
(d) viability
Ans. (c)
Ques. Which of these statements best describes the context for entrepreneurship?
Ans. (c)
Ans. (c)
Ques. What type of entrepreneurial business actually produce the products they sell?
a) Merchandising
b) Manufacturing
c) Wholesaling
d) Retailing
Ans. (b)
Ques. What type of entrepreneurial business sells products to people other than the final customer?
a) Merchandising
b) Manufacturing
c) Wholesaling
d) Retailing
Ans. (c)
Ques. What type of entrepreneurial business sells products directly to the people who use or consume
them?
a) Merchandising
b) Manufacturing
c) Wholesaling
d) Retailing
Ans. (d)
Ques. If you own your own business you will need to know how to calculate your profit. Which one is a
calculation of profit?
a) Sales-months in a year
b) Total sales-expenses
c) Sales-expenses
d) Total equity
Ans. (b)
Ans. (c)
Ques. Refers to the process of establishing a business entity, intending to get profit, as a return in the
future.
a) Entrepreneurship
b) Entrepreneur
c)
DIFFICULT ROUND
Ques. The process of evaluating the project ideas with a view to select the best and promising idea after
eliminating the unprofitable ideas is called __ of the project ideas.
(a) Screening
(b) appraisal
(c) identification
(d) none
Ans. (a)
Ques. The entrepreneur who does not change the method of production already introduced is:
Ans. (a)
Ques. Individuals influencing an entrepreneur’s career choice and style are known as which of the
following?
Ans. (b)
Ans. (d)
Ques. Venture capital is concerned with:
Ans. (a)
Ques. __ technology refers to that technology which is suitable to local, economic, social and cultural
conditions.
(a) Indigenous
(b) imported
(c) advanced
(d) appropriate
Ans. (d)
Ques. In regards to the differences between the entrepreneurial and administrative focuses which of the
following is correct?
(a) Entrepreneurs focus on slow steady growth and managers’ focus on rapid growth
(b) Entrepreneurs rent or sporadically use resources; managers like to own resources
(d) Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat
approach
Ans. (b)
Ques. An entrepreneur considering if what they are doing makes sense is an example of:
Ans. (c)
Ques. __ applied the word entrepreneur to business for the first time.
Ans. (c)
Ques. Management tactics purported to maximize innovation for an entrepreneurship include all but
which of the following items?
(b) Culture
(c) Benchmarking
Ans. (c)
Ques. __ are activities that must be completed immediately prior to the start of another activity.
(a) critical
(b) preceding
(c) succeeding
(d) concurrent
Ans. (b)
Ques. Entrepreneurial culture and growth orientation consists of all of the following except:
Ans. (c)
(a) Schumpeter
Ans. (d)
(a) Innovation
(b) invention
(c) skill
(d) creativity
Ans. (a)
(a) Members of the team starting out with an essentially similar set of ideas about what they want to
create.
(b) Members of the team sharing moral principles and standards of behaviour.
(c) Members of the team sharing the factors driving them to take part in the venture.
Ans. (d)
(a) Motivation
(c) Competency
Ans. (b)
(a) a group of people who work within a corporation to launch new products.
(b) a group of people who join together to develop and market a new product.
(c) a group from the Small Business Administration which consults with small business owners.
Ans. (b)
Ques. __ is the difference between the actual sales and break even sales.
(c) contribution
(d) profit
Ans. (a)
(c) DIC
Ans. (a)
(a) They change the way businesses convert inputs into outputs
Ans. (b)
Ques. The initial capital that is required to obtain loans from the financial institutions is called __
(b) incentive
(c) subsidy
Ans. (a)
Ans. (d)
Ques. The capacity to develop new ideas, concepts and processes is known as :
(a) Innovation
(b) invention
(c) skill
(d) creativity
Ans. (d)
(a) Project
(b) Income
(c) Capital
(d) Resource
Ans. (c)
Ans. (a)
Ans. (b)
(a) situations in which new goods, services, raw materials and organizing methods can be sold at greater
than their production cost.
(c) the entrepreneur’s mental processes in deciding whether or not to act on a potential opportunity.
Ans. (d)
Ques. The goals motivating entrepreneurial activity can include which of the following options:
(a) To improve the social welfare of people, e.g. in terms of their health.
Ans. (a)
(a) product
(b) project
(c) share
Ans. (b)
Ques. Innovative entrepreneur ensures:
Ques. __ Skill refers to the ability to understand problems from visible symptoms.
(a) diagnostic
(b) conceptual
(c) technical
Ans. (a)
Ques. What are the two key issues that arise when you create an effective entrepreneurial team from
scratch?
Ans. (c)
Ans. (b)
Related: Music related questions
Ans. (d)
Ques. __ entrepreneurs neither introduce new changes nor adopt new methods innovated by others.
(a) Technical
(b) Fabian
(c) induced
(d) Business
Ans. (b)
Ques. Ability to use techniques ,procedures and tools of a specific field is called __
(a) diagnostic
(b) conceptual
(c) technical
Ans. (c)
Ques. __ Skill refers to the ability to conceive new ideas and products.
(a) diagnostic
(b) conceptual
(c) technical
Ques. __ the process of collection, compilation and analysis of economic data for the purpose of finding
out possible opportunities for investment.
(d) none
Ans. (c)
Ans. (c)
(a) Treat
(b) threat
(c) tort
(d) none
Ans. (b)
Ques. Which one of the following is the main problem for the entrepreneur in the beginning stages of
creating a new venture?
Ans. (a)
Ques. Which of the following provides services and advices to start up firms:
(c) DIC
Ans. (a)
Ques. The skill to handle people and to influence their behaviour is known as __
(a) diagnostic
(b) conceptual
(c) technical
Ans. (d)
(a) invention
(b) innovation
(c) both
(d) none
Ans. (b)
Ques. __ skills are necessary for an entrepreneur to deal with many people.
(a) communication
(b) decision-making
(d) management
Ans. (a)
(c) both
(d) none
Ans. (c)
Ques. A bonus or financial aid which is given by a government to an industry to help it compete with
others in markets is known as __
(a)subsidy
(b) Concession
(c) Bounties
Ans. (c)
(a) communication
(b) decision-making
(c)project development
(d) management
Ans. (c)
Ans. (c)
Ques. Which of these statements best describes the context for entrepreneurship:
Ans. (c)
Ques. Which of these is not a criteria for choosing the right incubator?
(b) quality
(c) site
(d) space
Ans. (c)
Ques. If an entrepreneur has an internal locus of control, this means that he/she:
(a) has a high need for achievement
Ans. (b)
Ans. (b)
(a) Technical
(b) Fabian
(c) induced
(d) Business
Ans. (a)
Ans. (a)
Ques. The entrepreneur who is committed to the entrepreneurial effort because it makes good business
sense is classed as a/an ____
(a) inventor
(b) opportunist
(c) hacker
(d) craftsman
Ans. (b)
Ques. Which among the following aspects affects an entrepreneur’s perception of feasibility?
(d) Self-efficacy
Ans. (c)
a)