3246 + Mcqs in Business Page 12 McqOptions

551.	Which of these training is delivered to employees while they perform their regular jobs?
A.	Online
B.	On-the-job
C.	Paid
D.	Off-the-job
Answer» C. Paid

Discussion

552.	Charging the highest price the market will bear is called which of these?
A.	Return pricing
B.	Psychological price
C.	Skimming
D.	Breakeven
Answer» D. Breakeven

Discussion

553.	_____ includes initiative and risk taking, as well as competitive aggressiveness and boldness.
A.	New business venturing
B.	Self-renewal
C.	Innovativeness
D.	Proactive Behavior
Answer» C. Innovativeness

Discussion

554.	Drone entrepreneur are those who generally
A.	Earn super profit
B.	Earn normal profit
C.	Earn profit or even losses
D.	Incur losses
Answer» D. Incur losses

Discussion

555.	No. of sources for innovative opportunity is given by Peter Drucker.
A.	5
B.	6
C.	7
D.	8
Answer» D. 8

Discussion

556.	Pichot suggested three roles for the intrapreneur in promoting innovation. What are they?
A.	Team builder, information source and advocate
B.	Inventor, innovator and sponsor
C.	Inventor, developer and marketer
D.	Inventor, product champion and sponsor
Answer» E.

Discussion

557.	Nayak Committee was concerned with:
A.	Reservation of items
B.	Subsidy and incentives
C.	Investment ceiling
D.	Institutional credit
Answer» E.

Discussion

558.	______ is a product or service that is kept as a trade secret or is protected legally usingpatients, trademarks, copyright, or service mark.
A.	Tagline
B.	Pioneering business
C.	Test marketing
D.	Proprietary technology
Answer» D. Proprietary technology

Discussion

559.	_________ __________ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.
A.	Good relations
B.	Weak ties
C.	Strong ties
D.	Unique connections
Answer» D. Unique connections

Discussion

560.	Which of the following is a disadvantage of the 'drafting a traditional business plan' approach?
A.	They do not reflect the way in which people shape their entrepreneurial visions.
B.	It can be difficult to explain your vision to other people.
C.	This approach lacks rigour.
D.	The process involved can help an entrepreneur to improve their own understanding
Answer» B. It can be difficult to explain your vision to other people.

Discussion

561.	What is a target market?
A.	A group of customers a venture reaches by accident.
B.	All consumers who purchase the venture's product.
C.	A specific group of potential customers toward which a venture aims its marketing plan.
D.	A chain of discount stores.
Answer» D. A chain of discount stores.

Discussion

562.	______ involves dissolving or reorganizing a business under the protection ofbankruptcy legislations.
A.	Reengineering
B.	Downsizing
C.	Bankruptcy
D.	Expansion
Answer» B. Downsizing

Discussion

563.	______ is the group of people on which a marketer focuses promotion and sales efforts.
A.	Me-too group
B.	Maturity group
C.	Target market
D.	Breakeven market
Answer» D. Breakeven market

Discussion

564.	In the creativity and innovation matrix, what is a 'medium level of creativity' and a 'mediumlevel of innovation' referred to as?
A.	Winner
B.	Loser
C.	Mediocre
D.	Average
Answer» E.

Discussion

565.	General objective of selecting a location is not he following
A.	Minimise the cost of production
B.	Minimise the distribution cost
C.	Minimise the cost of capital
D.	None of the above
Answer» D. None of the above

Discussion

566.	Which of these statements best describes the context for entrepreneurship?
A.	Entrepreneurship takes place in small businesses.
B.	Entrepreneurship takes place in large businesses.
C.	Entrepreneurship takes place in a wide variety of contexts.
D.	Entrepreneurship does not take place in social enterprises.
Answer» D. Entrepreneurship does not take place in social enterprises.

Discussion

567.	The _____________ describes attempts to sell current products to new customers.Product-customer exploitation strategy
A.	Product development strategy
B.	Customer development strategy
C.	Product-customer expansion
D.	none
Answer» B. Customer development strategy

Discussion

568.	Social innovation refers to:
A.	the introduction of new social practices, activities or ways of organizing.
B.	the introduction of novelties; the alteration of what is established by the introduction of new elements or forms.
C.	new designs, processes, marketing approaches, or a new way of conducting training.
D.	the means by which entrepreneurs exploit change as an opportunity for a different business or service.
Answer» B. the introduction of novelties; the alteration of what is established by the introduction of new elements or forms.

Discussion

569.	Supply of entrepreneur depends on the
A.	Rate of the profit available
B.	Prevailing social climate
C.	Rate of profit and social climate
D.	None of the above
Answer» D. None of the above

Discussion

570.	Common reasons for entrepreneurial failure include all but which one of the following?
A.	Poor implementation
B.	Lack of capital
C.	Adequate financial support
D.	Faulty product design
Answer» D. Faulty product design

Discussion

571.	What are markets made up of?
A.	Customers and competitors
B.	Customers and potential customers
C.	Customers, competitors and suppliers
D.	Customer, competitors, suppliers and regulators
Answer» C. Customers, competitors and suppliers

Discussion

572.	Kapoor Committee was constituted to assess:
A.	Reservation of items
B.	Investment ceiling
C.	Credit delivery system
D.	Government support system
Answer» E.

Discussion

573.	The technical characteristics of the small business would include all of the followingexcept:
A.	independently managed
B.	owned by an individual or a small group of investors
C.	based locally, even though the market might be widespread
D.	significant influence in its industry
Answer» C. based locally, even though the market might be widespread

Discussion

574.	Management tactics purported to maximize innovation for an entrepreneurship include allbut which of the following items?
A.	Cutting of losses
B.	Culture
C.	Benchmarking
D.	Customer orientation
Answer» C. Benchmarking

Discussion

575.	What characterizes the techniques used in entrepreneurial marketing?
A.	Mass media, passive reception, customer resistance
B.	Low cost, word-of-mouth
C.	Informal, personal and strongly interactive
D.	Guerrilla marketing and ambush marketing
Answer» D. Guerrilla marketing and ambush marketing

Discussion

576.	_______ is a radical redesign of the organization's business processes.
A.	Reengineering
B.	Downsizing
C.	Bankruptcy
D.	Expanding
Answer» B. Downsizing

Discussion

577.	All of these are business plan concerns of bankers EXCEPT
A.	Monitoring compliance.
B.	Asset/collateral base.
C.	Cash flow and cash cycle.
D.	Long-term prospects.
Answer» B. Asset/collateral base.

Discussion

578.	______ is NOT an on-the-job training method.
A.	Case studies
B.	Apprenticeships
C.	Coaching
D.	Orientations
Answer» B. Apprenticeships

Discussion

579.	An opportunity assessment plan:
A.	is the same thing as a business plan.
B.	is longer than a business plan.
C.	has a lot of computer-based spreadsheets.
D.	focuses on the opportunity, not the venture.
Answer» E.

Discussion

580.	A product can include all of these except _______.
A.	price
B.	ideas
C.	people
D.	goods
Answer» B. ideas

Discussion

581.	The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.
A.	replication of an existing business
B.	trade journals
C.	trade shows
D.	family members
Answer» D. family members

Discussion

582.	Fabian Entrepreneurs are characterized by:
A.	Hardworking
B.	Religious and traditional
C.	Shy and Lazy
D.	Ready to take risk
Answer» D. Ready to take risk

Discussion

583.	Individuals influencing an entrepreneur’s career choice and style are known as which of the following?
A.	Moral-support network
B.	Role model
C.	Professional support network
D.	Support system
Answer» C. Professional support network

Discussion

584.	What are the two key issues that arise when you create an effective entrepreneurial teamfrom scratch?
A.	Team mentality and team synergy
B.	Team numbers and team quality
C.	Team composition and team roles
D.	Team experience and team experience
Answer» D. Team experience and team experience

Discussion

585.	The _____ budget is used to project cash flows for the cost of goods produced.
A.	operating
B.	production
C.	capital
D.	depreciation
Answer» C. capital

Discussion

586.	______ is when a firm sells its products in a limited area, for a limited time.
A.	R & D venture
B.	Pioneering business
C.	New entrant business
D.	Test marketing
Answer» E.

Discussion

587.	Violation of reservation policy is punishable under
A.	Small Industries act
B.	Consumer protection act
C.	I (D & R) Act
D.	None of the above
Answer» D. None of the above

Discussion

588.	Which of the following documents is not usually included in the Financial Plan?
A.	Statement of cash flows
B.	Income statement
C.	Price lists from suppliers
D.	Projected balance sheet
Answer» D. Projected balance sheet

Discussion

589.	Which of these factors is most important to employees, according to Jill Kickul's research?
A.	Benefits
B.	Job security
C.	Rewards and opportunities
D.	Autonomy and growth
Answer» E.

Discussion

590.	Which of the following is NOT one of the definitions of 'business models' as identified in the text?
A.	The system of components, linkages and associated dynamics, which that make commercial advantage of the Internet.
B.	A business model describes the rationale of how an organization creates, delivers and captures value.
C.	Business models identify where the resources necessary to establish a venture will come from.
D.	Business models describe, as a system, how the pieces fit together.
Answer» D. Business models describe, as a system, how the pieces fit together.

Discussion

591.	Very rapid situation indicates
A.	Increase in production
B.	Rapid increase in production
C.	Rapid increase in sales
D.	Increase in sales
Answer» E.

Discussion

592.	Entrepreneurial opportunities are a particular type of opportunity, which could lead you to create a self-sustaining venture.
A.	True
B.	False
C.	all
D.	none
Answer» B. False

Discussion

593.	______ is an area that Job analysis does NOT cover.
A.	The competitive pay required
B.	The mental and physical tasks involved
C.	The qualifications needed
D.	How the job will be done
Answer» B. The mental and physical tasks involved

Discussion

594.	A one-page document on letterhead introducing the business plan is considered a
A.	Cover letter.
B.	Business plan.
C.	Outline.
D.	Executive summary.
Answer» B. Business plan.

Discussion

595.	The tasks a new business owner must identify to develop a critical path analysis include:
A.	Number of hours the owner is involved
B.	Prerequisite tasks
C.	Who is responsible for the task
D.	All of the above
Answer» E.

Discussion

596.	Of the following, which one would not be considered an alternative to independententrepreneurship?
A.	Franchise
B.	Spin-off
C.	Intrapreneurship
D.	Extrapreneurship
Answer» C. Intrapreneurship

Discussion

597.	Which of the following is presented as evidence of social factors influencing whethersomeone becomes an owner-manager?
A.	Although people believe self-employment runs in families, there is little evidence to support this view.
B.	There seems to be little relationship between self-employment and age.
C.	Self-employment is more common among some ethnic groups.
D.	Self-employment is more common among single people than among the married.
Answer» D. Self-employment is more common among single people than among the married.

Discussion

598.	______ provides information on the company and critical risks to prospective businesspartners.
A.	Partner plan
B.	Invention plan
C.	Operational plan
D.	Concept plan
Answer» B. Invention plan

Discussion

599.	Product design defines
A.	Micro activities of the project
B.	Macro activities of the project
C.	Allied activities of the project
D.	Individual activities of the project
Answer» B. Macro activities of the project

Discussion

600.	Which of the following are 'drivers' underlying the opportunity business model?
A.	Societal, commercial, legal, technological, people
B.	Societal, commercial, legal, technological
C.	Societal, ethical, commercial, legal, technological
D.	Societal, commercial, legal, technological, environmental.
Answer» C. Societal, ethical, commercial, legal, technological

Discussion

Explore topic-wise MCQs in Current Affairs.

Which of these training is delivered to employees while they perform their regular jobs?

Charging the highest price the market will bear is called which of these?

_____ includes initiative and risk taking, as well as competitive aggressiveness and boldness.

Drone entrepreneur are those who generally

No. of sources for innovative opportunity is given by Peter Drucker.

Pichot suggested three roles for the intrapreneur in promoting innovation. What are they?

Nayak Committee was concerned with:

______ is a product or service that is kept as a trade secret or is protected legally usingpatients, trademarks, copyright, or service mark.

_________ __________ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.

Which of the following is a disadvantage of the 'drafting a traditional business plan' approach?

What is a target market?

______ involves dissolving or reorganizing a business under the protection ofbankruptcy legislations.

______ is the group of people on which a marketer focuses promotion and sales efforts.

In the creativity and innovation matrix, what is a 'medium level of creativity' and a 'mediumlevel of innovation' referred to as?

General objective of selecting a location is not he following

Which of these statements best describes the context for entrepreneurship?

The _____________ describes attempts to sell current products to new customers.Product-customer exploitation strategy

Social innovation refers to:

Supply of entrepreneur depends on the

Common reasons for entrepreneurial failure include all but which one of the following?

What are markets made up of?

Kapoor Committee was constituted to assess:

The technical characteristics of the small business would include all of the followingexcept:

Management tactics purported to maximize innovation for an entrepreneurship include allbut which of the following items?

What characterizes the techniques used in entrepreneurial marketing?

_______ is a radical redesign of the organization's business processes.

All of these are business plan concerns of bankers EXCEPT

______ is NOT an on-the-job training method.

An opportunity assessment plan:

A product can include all of these except _______.

The ideas for new businesses that are obtained by entrepreneurs are derived from many sources. These various sources include all but _______.

Fabian Entrepreneurs are characterized by:

Individuals influencing an entrepreneur’s career choice and style are known as which of the following?

What are the two key issues that arise when you create an effective entrepreneurial teamfrom scratch?

The _____ budget is used to project cash flows for the cost of goods produced.

______ is when a firm sells its products in a limited area, for a limited time.

Violation of reservation policy is punishable under

Which of the following documents is not usually included in the Financial Plan?

Which of these factors is most important to employees, according to Jill Kickul's research?

Which of the following is NOT one of the definitions of 'business models' as identified in the text?

Very rapid situation indicates

Entrepreneurial opportunities are a particular type of opportunity, which could lead you to create a self-sustaining venture.

______ is an area that Job analysis does NOT cover.

A one-page document on letterhead introducing the business plan is considered a

The tasks a new business owner must identify to develop a critical path analysis include:

Of the following, which one would not be considered an alternative to independententrepreneurship?

Which of the following is presented as evidence of social factors influencing whethersomeone becomes an owner-manager?

______ provides information on the company and critical risks to prospective businesspartners.

Product design defines

Which of the following are 'drivers' underlying the opportunity business model?

_ __ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.