Question 1:- Which one of the following is NOT an important
activity of Business Plan in a new venture?
a) Background of
the Entrepreneur
b) Functional
Plan
c) Industry
Analysis
d) Company
Name
Question 2:- “High potential venture” :
a) Has the same
growth potential as a life style firm
b) Starts out like
a life style firm
c) Draws the
interest of private investors only
d) None of the
above
Question 3:- A business center that offers working space and
specialized support for new ventures is called:
a) Isolator
b) Injector
c) Incubator
d) Integrator
Question 4:- A network entrepreneur is an individual who
identifies his or her business idea
a) On their
own
b) Through the assistance
of a paid consultant
c) Through social
contacts
d) With one or more
partners
Question 5:- Banks are usually reluctant to give loan to the
a) Private Limited
Companies
b) Partnership
Firm
c) Public Limited
Company
d) Sole
Proprietor
Question 6:- Competitive Model coined by?
a) Michael E.
Porter
b) Peter F
Drucker
c) Philip
Kotler
d) Koontz
Question 7:- If an entrepreneur has an internal locus of
control, this means that he/she:
a) Has a high need
for achievement
b) Feels
comfortable in an unstructured situation
c) Believes that
success or failure depends on his/her own actions
d) Believes fate is
a powerful force
Question 8:- If someone starts a new business that is a
service station, this is an example of a(n):
a) New concept/new
business.
b) Existing
concept/new business
c) Existing
concept/existing business
d) New
concept/existing business
Question 9:- Kumar Manglam Birla is what type of
Entrepreneur?
a) Founder
b) Pure
Entrepreneur
c) Technical
Entrepreneur
d) Second
Generation Entrepreneur
Question 10:- Newspapers, business periodicals, trade
journals, and government publications are:
a) Sources of
information on economic opportunities.
b) Sources of news
but not economic data
c) Poor sources for
research because the information is too brief.
d) All of the
above
Question 11:- The _______ plan should contain control points
to ascertain progress
a) Business
b) Marketing
c) Operational
d) Financial
Question 12:- The entrepreneur must possess the abilities
a) Creative
b) Conceptualization
c) Understanding Environment
d) All of the
above
Question 13:- The increase in home businesses has occurred
for several reasons. Which of the following is one of the reasons?
a) The increase in
utility prices
b) The increase in
tax rates
c) The increasing
use of the Internet
d) Fewer people
seeking financial security
Question 14:- The practice of using outside firms to perform
tasks that could be performed internally is called:
a) Flexibility
b) Fragmentation
c) Greening
d) Outsourcing
Question 15:- The process of gathering information about
trends is called:
a) Need for
achievement
b) Tenacity
c) Neuroticism
d) Scanning the
environment
Question 16:- The relationship between firms and new markets
is:
a) New firms must
establish new markets
b) New firms
usually establish new markets
c) New firms
seldom establish new markets
d) New firms never
establish new markets
Question 17:- User innovation is:
a) Less likely
than manufacturer innovation
b) More difficult
to manage than other types of innovation
c) When the
developer expects to benefit by using it
d) When the
developer expects to benefit by selling it
Question 18:- What are the four types of Innovation?
a) Extension,
Invention, Synthesis, Duplication
b) Invention,
Duplication, Copying, Extension
c) Duplication,
Invention, Creativity, Extension
d) None of the
above
Question 19:- Which of the following inputs is NOT involved
in entrepreneurship?
a) Opportunity
b) Proactive
individual(s)
c) External
locus of control
d) Risk
Question 20:- Which of the following is a method of selling
goods to another country through a person in the entrepreneur’s home country?
a) Trading
b) Direct
Export
c) Indirect
Export
d) Domestic Sales
Question 21:- Which of the following is idea generation
method that focuses on parameters?
a)
Brainstorming
b) Reverse brainstorming
c) Creative
problem solving
d) Synoptic
Question 22:- Which of the following is the career solution
for many underemployed managers?
a) Fortune 500
companies
b)
Entrepreneurship
c) Downsizing
d) To remain
unemployed
Question 23:- Which one is not the process of creativity?
a) Incubation
b) Validation
c) Idea
Generation
d) Establish
Vision
Question 24:- Which one of the following is alternatively
called corporate venturing?
a)
Entrepreneurship
b)
Intrapreneurship
c) Act of stating a
new venture
d) Offering new
products by an existing company
Question 25:- Which one of the following is required to
develop a good team for creating something new?
a) Relationship
with team members
b) Open
discussion
c) Non flexible
behavior
d) Discouragement
of team member’s ideas
Question 26:- Which one of the following is the first step
in the entrepreneurial process?
a) Developing
successful business ideas
b) Deciding to
become an entrepreneur
c) Growing the
entrepreneurial firm
d) Moving from an
idea to an entrepreneurial firm
Question 27:- Which one of the following is the next stage
to the Concept Stage of Product Planning and Development Process?
a) Idea Stage
b) Product Planning
Stage
c) Product
Development Stage
d) Test Marketing
Stage
Question 28:- Which one of the following may need the
business plan?
a) Employees
b) Investors
c) Advisors
d) All of the
above
Question 29:- Which two work environments should be good for
spawning the new enterprises?
a) Finance and
marketing
b) Finance and
R&D
c) Marketing and R&D
d) Marketing and
IT
Question 30:- Which type of franchisee has a great deal of
autonomy and considerable freedom?
a) Business-format
franchisee
b) Product
franchisee
c) Manufacturing
franchisee
d)
Manufacturer's representative
