MCQOPTIONS
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MCQOPTIONS
This section includes 3246 Mcqs, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 601. |
Which of the following might be termed a disadvantage faced by the small business? |
| A. | a.greater flexibility |
| B. | b.greater ability to serve specialized markets |
| C. | c.extreme personal commitment of the owner |
| D. | d.more personal service |
| Answer» E. | |
| 602. |
Tiny sector was launched by |
| A. | IPR-1948 |
| B. | IPR- 1980 |
| C. | IPR- 1985 |
| D. | IPR- 1990 |
| Answer» D. IPR- 1990 | |
| 603. |
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 |
| Answer» D. Test Marketing Stage | |
| 604. |
Which one of the following would not be considered an advantage to a partnership formation? |
| A. | Potential for double taxation |
| B. | Less governmental control |
| C. | Ease of formation |
| D. | Direct share of profits |
| Answer» B. Less governmental control | |
| 605. |
______ is a firm whose product is new to the industry. |
| A. | R & D venture |
| B. | Pioneering business |
| C. | New entrant business |
| D. | Test marketing |
| Answer» C. New entrant business | |
| 606. |
For small business owners, one of the most important objectives is _______. |
| A. | market presence |
| B. | growth |
| C. | profitability |
| D. | adaptability |
| Answer» D. adaptability | |
| 607. |
________ is a common short-run strategy designed to address organizational weaknessesthat are leading to performance declines. |
| A. | Retrenchment |
| B. | Turnaround |
| C. | Expansion |
| D. | Diversification |
| Answer» C. Expansion | |
| 608. |
The depth and detail of a business plan depend on: |
| A. | The target audience. |
| B. | The size and scope of the new venture. |
| C. | The experience of the entrepreneur. |
| D. | The amount of capital needed. |
| Answer» C. The experience of the entrepreneur. | |
| 609. |
External economies affect location |
| A. | Generally |
| B. | Exceptionally |
| C. | All of the above |
| D. | None of the above |
| Answer» C. All of the above | |
| 610. |
What factors have contributed to the blurring of boundaries between different industries? |
| A. | Technological innovation; political change; legal and socio-economic changes |
| B. | Technological innovation |
| C. | Changes amongst customers, competitors and suppliers |
| D. | Both (a) and (d) |
| Answer» B. Technological innovation | |
| 611. |
The 'enterprise culture' is a general interest in developing new ventures |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 612. |
In regards to the differences between the entrepreneurial and administrative focuses which ofthe 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 |
| C. | Entrepreneurs are driven by controlled resources; managers by opportunity |
| D. | Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach |
| Answer» D. Entrepreneurs tend to use a hierarchical management structure; managers use a more fluid, flat approach | |
| 613. |
Committee concerned with industrial sickness is: |
| A. | Kapoor committee |
| B. | Nayak committee |
| C. | Goswami committee |
| D. | Gupta committee |
| Answer» D. Gupta committee | |
| 614. |
In which of the following domain; individuals take decision to help others for achieving their dreams? |
| A. | Traditional managers |
| B. | Entrepreneurs |
| C. | Intrapreneurs |
| D. | Administrative managers |
| Answer» D. Administrative managers | |
| 615. |
Setting a price that ends in the number 5, 7, or 9 is considered |
| A. | Return pricing |
| B. | Psychological price |
| C. | Skimming |
| D. | Odd even pricing |
| Answer» E. | |
| 616. |
The book “Innovation and Entrepreneurship” is written by: |
| A. | J.B. Say |
| B. | J.A. Schumpeter |
| C. | Peter F. Drucker |
| D. | Cantillon |
| Answer» D. Cantillon | |
| 617. |
When evaluating business plans _________ are primarily concerned with the general guidelines of credit. |
| A. | investors |
| B. | employees |
| C. | vendors |
| D. | lenders |
| Answer» E. | |
| 618. |
The difference between the buying and selling price is called _____ and it should be enoughto cover all fixed costs. |
| A. | psychological price |
| B. | breakeven |
| C. | mark-up |
| D. | elasticity |
| Answer» D. elasticity | |
| 619. |
______ refers to setting the price for an item relatively low and then charging much higherprices for the expendables it uses. |
| A. | Prestige pricing |
| B. | Odd-even pricing |
| C. | Partitioned pricing |
| D. | Captive pricing |
| Answer» E. | |
| 620. |
An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market. |
| A. | strategic alliance |
| B. | corporation |
| C. | entrepreneurship |
| D. | proprietorship |
| Answer» B. corporation | |
| 621. |
The management team of a new venture: |
| A. | is encouraged to operate the business as a sideline. |
| B. | must operate the business full-time. |
| C. | can expect to draw a large salary. |
| D. | should be employed elsewhere to assure adequate income. |
| Answer» E. | |
| 622. |
The ideas for new businesses that are obtained by entrepreneurs are derived from manysources. These various sources include all but _______. |
| A. | replication of an existing business |
| B. | trade journals |
| C. | trade shows |
| D. | family members |
| Answer» B. trade journals | |
| 623. |
New small business owners have which of the following two common motivations? |
| A. | Be their own bosses, greater reward potential |
| B. | Achieve dependence, less reward potential |
| C. | Achieves dependence, become a stakeholder |
| D. | Be their own bosses, lower reward potential |
| Answer» B. Achieve dependence, less reward potential | |
| 624. |
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 |
| Answer» C. hacker | |
| 625. |
. Entrepreneurial culture and growth orientation consists of all of the following except: |
| A. | Encouraging employees to generate ideas. |
| B. | Focusing on opportunities. |
| C. | The desire to grow at a slow and controlled pace. |
| D. | Being creative. |
| Answer» B. Focusing on opportunities. | |
| 626. |
An internal environmental variable. |
| A. | Financial resources |
| B. | Technology |
| C. | Industry demand |
| D. | The economy |
| Answer» B. Technology | |
| 627. |
Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance? |
| A. | Need for independence |
| B. | Need for achievement |
| C. | Need for affiliation |
| D. | Need for authority |
| Answer» C. Need for affiliation | |
| 628. |
What are the missing words in the following definition: 'The management of regular marketing can be characterized by a careful planning process which is informed by _____ _____ to guide the selection of target markets and the composition of a marketing mix with which to position products competitively within the marketplace. |
| A. | Environmental forecasting |
| B. | Market research |
| C. | Product analysis |
| D. | Customer understanding |
| Answer» C. Product analysis | |
| 629. |
Innovative entrepreneur ensures: |
| A. | Static equilibrium |
| B. | Dynamic equilibrium |
| C. | Static disequilibrium |
| D. | Dynamic disequilibrium |
| Answer» E. | |
| 630. |
Which of these is the first step in crafting a job description? |
| A. | Job overview |
| B. | Credentials and experience |
| C. | Duties and responsibilities |
| D. | Job title |
| Answer» E. | |
| 631. |
BIFR became operational from: |
| A. | 1st April, 1987 |
| B. | 15th May, 1987 |
| C. | 1st July, 1987 |
| D. | 30th Sept. 1987 |
| Answer» C. 1st July, 1987 | |
| 632. |
Can entrepreneurship be 'learned'? |
| A. | Entrepreneurs are born and not made |
| B. | It's a discipline and like any other discipline it can be learned. |
| C. | You will never become an entrepreneur simply by reading a book |
| D. | Practical exercises, study and critical reflection can be a good way to think about |
| Answer» E. | |
| 633. |
Which statement is not true of entrepreneurs? |
| A. | They change the way businesses convert inputs into outputs |
| B. | They generally stick to the processes already in use. |
| C. | They take risks |
| D. | They apply innovative ideas |
| Answer» C. They take risks | |
| 634. |
Of the following, which is best identified as an independent entrepreneurship that produces a product or service that originated in a large company? |
| A. | Diversification |
| B. | Intrapreneurship |
| C. | Trade-off |
| D. | Franchise |
| Answer» D. Franchise | |
| 635. |
Which of the following agencies was created specifically to foster the creation, growth,and expansion of minority-owned businesses in the United States? |
| A. | SCORE |
| B. | Minority Business Development Agency |
| C. | The World Trade Organization |
| D. | The Federal Reserve |
| Answer» E. | |
| 636. |
Of the following, which is best identified as an independent entrepreneurship thatproduces a product or service that originated in a large company? |
| A. | Diversification |
| B. | Intrapreneurship |
| C. | Trade-off |
| D. | Franchise |
| Answer» B. Intrapreneurship | |
| 637. |
What is the definition of the term, 'social enterprise'? |
| A. | A commercial organization that seeks to combine a profit seeking motive with the provision of social benefits. |
| B. | A trading organization that is motivated by profit and a societal orientation. |
| C. | A social enterprise undertakes social marketing and can take a variety of legal forms, including co-operative, a limited company and a community interest company. |
| D. | A trading organization which serves a social purpose and which can take a variety of legal forms, including co-operative, a limited company and a community interest company. |
| Answer» E. | |
| 638. |
A product for which there are few substitutes and for which a change in price has littleeffect on quantity purchased is considered __________. |
| A. | elastic |
| B. | inelastic |
| C. | marked-up |
| D. | elasticity |
| Answer» C. marked-up | |
| 639. |
______, in the new product development process, is the stage that comes after idea generation. |
| A. | Product development |
| B. | Commercialization |
| C. | Idea evaluation |
| D. | Idea screening |
| Answer» E. | |
| 640. |
Business opportunity relates with |
| A. | Business possibilities |
| B. | Commercially feasible projects |
| C. | Risky projects |
| D. | Favourable market demand |
| Answer» C. Risky projects | |
| 641. |
The primary reason entrepeneurs start companies is to: |
| A. | prove they could do it |
| B. | recover from a layoff |
| C. | create something new |
| D. | make money |
| Answer» D. make money | |
| 642. |
Melissa is one of the newest and most successful entrepreneurs in the technology industry. She handles numerous dealings with other companies for the exchange of goods and services. Her primary goal is to ensure that all parties involved receive favorable and acceptable terms. Melissa is most probably excellent at the entrepreneurial skill of _______. |
| A. | negotiating |
| B. | networking |
| C. | leadership |
| D. | analysis |
| Answer» D. analysis | |
| 643. |
New entrepreneurial ventures face the same marketing opportunities and challenges, as compared to their larger and more well-established counterparts. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 644. |
______ is a document designed to detail the major characteristics of a firm. |
| A. | Mission statement |
| B. | Business plan |
| C. | Executive summary |
| D. | Marketing plan |
| Answer» C. Executive summary | |
| 645. |
______ refers to a quality of a service in which each time it is provided it will be slightlydifferent from the previous time. |
| A. | Perishability |
| B. | Tangibility |
| C. | Heterogeneity |
| D. | Inseparability |
| Answer» D. Inseparability | |
| 646. |
As the venture becomes established and starts growing, which of the following types of experience becomes increasingly important? |
| A. | Technical |
| B. | Financing |
| C. | Managerial |
| D. | Marketing |
| Answer» C. Managerial | |
| 647. |
According to Schumpeter, Innovation occur in the following forms: |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» E. | |
| 648. |
Which of Kickul's factors, includes the psychological contract item, job training? |
| A. | Rewards and opportunities |
| B. | Job security and work responsibilities |
| C. | Work facilitation |
| D. | Autonomy and growth |
| Answer» B. Job security and work responsibilities | |
| 649. |
Input analysis relates with |
| A. | Funding requirement |
| B. | Material requirement |
| C. | Labour requirement |
| D. | Resource requirement |
| Answer» E. | |
| 650. |
______ is not included in the business planning presentation types. |
| A. | Mission |
| B. | Elevator pitch |
| C. | Executive summary |
| D. | Annual objectives |
| Answer» E. | |