START-UP AND NEW VENTURE MANAGEMENT
MUTIPLE CHOICE QUESTION
1. An entrepreneur into the hosiery business found
out the reason his hosiery was not selling was due to its color. What could be
the best source of this information?
a)
Supplier
b)
Retailer
c)
Competition
d)
Government
2. In some countries, points of purchase displays
are not allowed in retail stores. Such differences are studied by international
entrepreneurs under __________ environment.
a)
Economic
b)
Political
c)
Cultural
d)
Technological
3. Having more than 50% ownership position that
provides the entrepreneur with managerial control is called ___________.
a)
Joint
venture
b)
Majority interest
c)
Horizontal
merger
d)
Diversified
activity merge
4. The
development of a new venture based on an inventor's work often requires ________.
a)
Expertise of an entrepreneur
b)
Heavy
investment from financers
c)
Skilled
human resources
d)
Highly
educated staff
5. A business where an individual is both the owner
and conductor of the business affairs is called__________________.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
None
of the above
6. In
__________________, the entrepreneur has the right to sell any assets.
a)
Proprietorship
b)
Partnership
c)
Limited
Liability Company
d)
None
of the given options
7. The idea and
actions that explain how a firm will make its profits refers to
a)
Mission
b)
Goal
d)
Objective
8. Entrepreneurs
are best as ________________
a)
Managers
b)
Venture
capitalists
c)
Planners
d)
Doers
9.
Entrepreneurs and ventures capitalists:
a) Get along well
b) Are the best
friends
c) Are cordial
friends
d) Are in conflict
10. _________________ is one method of stimulating,
and then capitalizing on, individuals in an organization who think that
something can be done differently and better.
a)
Strategic
Orientation
b)
Capitalization
c)
Intrapreneurship
d)
Management
11. The _______ plan shows whether the business is
economically feasible or not. a. Financial
b. Business
c.
Economic
d.
Marketing
12. In which of the
following, the ownership of venture is reflected by ownership of shares of
stock?
b)
Limited
partnership
c)
Corporation
d)
Proprietorship
13. Entrepreneurship
can best be described as:
a) a process that
requires setting up a business
b) taking a
significant risk in a business context
c) having a strong
vision
d) a process
involving innovation, new products or services, and value creation
14. The small
business ‘owner-manager’ is always the founder of the business:
a)
True
b)
False (A management buyout is an example of a
business where the owner-manager would probably not
have been the founder)
15. Which of these
statements best describes the context for entrepreneurship:
a)
Entrepreneurship
takes place in small businesses
b)
Entrepreneurship
does not take place in social enterprises
c)
Entrepreneurship takes place in a wide variety of
contexts
d)
Entrepreneurship
takes place in large businesses
16. Which of the
following are described as one of the ‘Big Five’ personality traits?
a)
propensity
to leadership
b)
need for achievement
c)
extravert
personality
d)
tolerance
of others
17. The period of
business when an entrepreneur must position the venture in a market and make
necessary adjustments to assure survival is called the:
b) startup stage.
c) early growth stage.
d) later growth
stage.
18. Which of the
following is a reason why a person might prefer to purchase a franchise rather
than open a completely new business?
a) higher failure
rate.
b) increased
independence.
c) ability to
benefit from previous experience.
d) reduced royalty
fees.
19. MSMED stands
to ___________
a)
Micro, Small & Medium Enterprises Development
b)
Mini,
Small & Medium Enterprises Development
c)
Micro,
Small & Medium Entrepreneurship Development
d)
Micro,
Small & Medium Enterprises Department
20. Which of the
following is an internal factor that influences entrepreneurs?
a) Technological
Capacity
b) Social
environment
c) Political
environment
d) Economic
condition
21.__________________ requires proper review and
reconsideration of the selected alternative before implementing it.
a)
Developing
possible alternatives
b)
Selecting
the best alternative
d)
Exploring
the developed alternatives
22. Which one of
the following is an economic barrier to an entrepreneur?
a) Emotional blocks
b) Labour
c) Lack of
sustained motivation
d) lack of vision
23. Which of the
following enterprises was found by Akio Morita?
a) Samsung
b) Apple
c) Panasonic
d) Sony
24. ________________ can be defined as psychological
features that enable an individual to take action toward a desired goal?
a) Motive
b) Trait
c) Attitude
d) Ego
25. ___________
implies that women entrepreneurs are now economically independent and take decisions
independently.
a)
Better
utilization of resources
b)
Improved quality life
c)
Economic
development
d)
Employment
generation
26. Financial
feasibility analysis can be done by comparing ______________ with the estimated
sales figure.
a)
cash flow statement
c)
break-even point
d)
profit and loss statement
27. Which of the
following is not considered while selecting the region?
a)
Law
and order
b)
Price of land
c)
Availability
of raw materials
d)
Proximity
to the product market
28. Which one of
the following is the step involved in setting up a new enterprises?
a) Creating a
business plan
b) Making a product
choice
c) Selecting the
location
d) Setting up
infrastructure
29. The parties
involved in franchise business are ___________.
a) 1
b) 2
c) 3
d) 5
30. If someone
starts a new business that is a service station, this is an example of a(n):
a) new concept/new
business.
b) new
concept/existing business
c) existing
concept/new business.
d) existing
concept/existing business.
