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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.
| 651. |
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. |
| B. | To improve the wealth of the entrepreneurs. |
| C. | To maintain influence amongst powerful local figures. |
| D. | All of the above. |
| Answer» B. To improve the wealth of the entrepreneurs. | |
| 652. |
A(n) ________ is defined as a form of business that is an association of two or more people acting as co-owners of a business. |
| A. | proprietorship |
| B. | partnership |
| C. | INC |
| D. | corporation |
| Answer» C. INC | |
| 653. |
_________ financing is raising money by selling part of the ownership of the business to investors. |
| A. | Debt |
| B. | Equity |
| C. | Venture capitalist |
| D. | Public offering |
| Answer» C. Venture capitalist | |
| 654. |
Following is not involved in EDP |
| A. | Identification of entrepreneurs for training |
| B. | Selection of entrepreneurs for training |
| C. | Developing entrepreneurial capabilities |
| D. | Arranging infrastructural facilities |
| Answer» E. | |
| 655. |
Which of the following questions might give you insight into an applicant's career goals? |
| A. | Can you name some weaknesses? |
| B. | What motivates you most in a job? |
| C. | Did you work while going to school? |
| D. | Are you willing to work flextime? |
| Answer» E. | |
| 656. |
A balanced combination of good and service is called a(n) |
| A. | Heterogeneous services. |
| B. | Hybrid products. |
| C. | Core products. |
| D. | Augmented products. |
| Answer» C. Core products. | |
| 657. |
EDP is required to help |
| A. | Existing entrepreneur |
| B. | First generation entrepreneur |
| C. | Future Entrepreneur |
| D. | None of the above |
| Answer» C. Future Entrepreneur | |
| 658. |
Intrapreneurship is best described as: |
| A. | the hiring of former Entrepreneurs. |
| B. | Entrepreneurial action within an organization. |
| C. | The process of buying acquiring entrepreneurial firms. |
| D. | The process of hiring consultants to teach a firm how to be more creative. |
| Answer» E. | |
| 659. |
Valuation techniques generally fall into any of the following categories EXCEPT: |
| A. | Asset valuations |
| B. | Earnings valuations |
| C. | Cash flow valuation |
| D. | Depreciation valuation |
| Answer» C. Cash flow valuation | |
| 660. |
Which of the following is the correct definition of the term 'entrepreneur', as used by the OECD? |
| A. | Entrepreneurs are those people who start new businesses with the aim of making a profit. |
| B. | Entrepreneurs are those persons (business owners) who seek to generate value through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets. |
| C. | Entrepreneurs are those persons who seek to create value by starting new businesses with innovative products and services. |
| D. | Entrepreneurs are those people who seek to create value for local communities, people or customers by starting new ventures which exploit new products, processes or markets. |
| Answer» C. Entrepreneurs are those persons who seek to create value by starting new businesses with innovative products and services. | |
| 661. |
The major interacting components that enable a firm to successfully provide products to the marketplace are called the: |
| A. | Marketing plan. |
| B. | Marketing mix. |
| C. | Marketing system. |
| D. | Marketing structure |
| Answer» C. Marketing system. | |
| 662. |
Which of the following is the benefit of the network analysis approach? |
| A. | Eliminate need for management judgement. |
| B. | Avoid need to use structured approach. |
| C. | Allows progress to be monitored against plan. |
| D. | Derive error free forecasts. |
| Answer» D. Derive error free forecasts. | |
| 663. |
Which of the following statements is (are) true? |
| A. | The business plan describes both internal and external elements. |
| B. | The preliminary business plan should be prepared by a lawyer. |
| C. | Most business plan resources on the Internet are too complex and expensive to be of use to the new venture. |
| D. | Once made, a business plan should not be changed. |
| Answer» B. The preliminary business plan should be prepared by a lawyer. | |
| 664. |
In franchising, the entrepreneur assumes fewer risks because the franchise provides all but which one of the following? |
| A. | Established market for the product |
| B. | Management assistance in operating the business |
| C. | Economies of scale for purchasing |
| D. | Oversale of rights |
| Answer» E. | |
| 665. |
Key features of a well written business plan would include all of the following except: |
| A. | financial plan |
| B. | description of the product |
| C. | an analysis of the market |
| D. | a review of the advertising firms analyzed |
| Answer» E. | |
| 666. |
Which of the following is not a main project objective? |
| A. | Time. |
| B. | Structure. |
| C. | Quality. |
| D. | Cost. |
| Answer» C. Quality. | |
| 667. |
The other names for a small business include: |
| A. | Entrepreneurial businesses |
| B. | Small businesses |
| C. | Small-to-medium-sized-businesses |
| D. | none |
| Answer» E. | |
| 668. |
What is an ideal length of an elevator pitch? |
| A. | 20 – 50 words |
| B. | 250 – 500 words |
| C. | 60 – 100 words |
| D. | 5 – 10 words |
| Answer» D. 5 – 10 words | |
| 669. |
Product development process involves |
| A. | One stage |
| B. | Two stage |
| C. | Three stage |
| D. | Four stage |
| Answer» E. | |
| 670. |
The distinction between an "entrepreneur" and "small business owner" , if made, revolvesaround: |
| A. | a.really nothing; they are truly one and the same |
| B. | b.the Small Business Administration definitions |
| C. | c.whether the business is an Internet based one or not |
| D. | d.the risk taking or re-invention of a business vs. someone who "simply" starts a |
| Answer» C. c.whether the business is an Internet based one or not | |
| 671. |
Which of the following is true about corporate entrepreneurship (Inrapreneurship)? |
| A. | Equity in a new venture should not be used as a reward due to its uncertain value |
| B. | A company must be willing to invest money without a guarantee of a return in the short term |
| C. | Teams should be segmented by department |
| D. | Top management should not be involved in the process. |
| Answer» C. Teams should be segmented by department | |
| 672. |
Which of the following shows the process of creating something new? |
| A. | Business model |
| B. | Modeling |
| C. | Innovation |
| D. | Creative flexibility |
| Answer» D. Creative flexibility | |
| 673. |
_______ identifies potential hazards and alternative strategies to meet business plan goals and objectives. |
| A. | Assessment of risk |
| B. | Financial planning |
| C. | Alternative planning analysis |
| D. | The financial plan |
| Answer» B. Financial planning | |
| 674. |
Which of the following applies to organizations with 15 or more employees? |
| A. | The Civil Rights Act of 1991 |
| B. | COBRA |
| C. | ERISA |
| D. | Affirmative action |
| Answer» B. COBRA | |
| 675. |
Why are small businesses important to a country's economy? |
| A. | They give an outlet for entrepreneurs. |
| B. | They can provide specialist support to larger companies. |
| C. | They can be innovators of new products. |
| D. | All the above. |
| Answer» E. | |
| 676. |
Entrepreneurships require financial backing in order to get started in the business world. Which of the following is not one of the methods commonly utilized to obtain the financial resources needed? |
| A. | Equity |
| B. | Commercial loans |
| C. | Personal finances provided by friends |
| D. | Venture capitalists |
| Answer» E. | |
| 677. |
Which of the following is a main PRINCE project aim? |
| A. | Stay within budget. |
| B. | Meet specified quantity. |
| C. | Meet specified quality. |
| D. | All of the above |
| Answer» E. | |
| 678. |
Which of the following is not considered a common characteristic of an entrepreneur? |
| A. | Internal locus of control |
| B. | High need for achievement |
| C. | Self-confidence |
| D. | External locus of control |
| Answer» E. | |
| 679. |
According to development commissioner a sick company should have : |
| A. | Less than 50% capacity utilization |
| B. | More than 50% erosion in net worth |
| C. | Unit has remained closed for a period of more than six months |
| D. | Bank financing is restricted to 25% of networth. |
| Answer» E. | |
| 680. |
Which of the following is the reason for business failure __________. |
| A. | Lack of market research. |
| B. | Poor financial control. |
| C. | Poor management. |
| D. | All the above. |
| Answer» E. | |
| 681. |
Early growth stage fails to consider following symptoms. |
| A. | Very slow |
| B. | Perceived comfort zone |
| C. | Very rapid |
| D. | Rapid |
| Answer» E. | |
| 682. |
Enterprise positioning is meant for |
| A. | Short-term arrangement |
| B. | Continuous process |
| C. | Long-term process |
| D. | None of the above |
| Answer» D. None of the above | |
| 683. |
All of these are special purpose plans EXCEPT which of these? |
| A. | Business plan |
| B. | Screening plan |
| C. | Invention plan |
| D. | Informational plan |
| Answer» B. Screening plan | |
| 684. |
An example of collecting primary data is; |
| A. | Observation |
| B. | Interviewing |
| C. | Focus groups |
| D. | All of the above |
| Answer» E. | |
| 685. |
Feasibility study is defined as |
| A. | Formal investigation of profitable opportunity |
| B. | Informal investigation of profitable opportunities |
| C. | Intensive investigation of profitable opportunities |
| D. | None of the above |
| Answer» B. Informal investigation of profitable opportunities | |
| 686. |
Porter also argues that much of innovation is 'dependent on a single, major technologicalbreakthrough rather than mundane and incremental' |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» C. all | |
| 687. |
A/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» D. proprietorship | |
| 688. |
Entrepreneurial Opportunities are defined as:128 |
| A. | situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost. |
| B. | New market entry through entrepreneur action. |
| C. | The entrepreneur's mental processes in deciding whether or not to act on a potential opportunity. |
| D. | A feasibility assessment. |
| Answer» E. | |
| 689. |
Equity investors often place more emphasis on the entrepreneur's _________ than lenders do. |
| A. | character |
| B. | experience |
| C. | financial records |
| D. | personal viewpoint |
| Answer» B. experience | |
| 690. |
A management philosophy of selecting and promoting people based on their being the mostcapable person for the job is considered which of the following? |
| A. | Nepotism |
| B. | Meritocracy |
| C. | Merit privilege |
| D. | Family practice |
| Answer» C. Merit privilege | |
| 691. |
The steps involved in an entrepreneurial endeavor include all but which one of the following? |
| A. | Business plan formulation |
| B. | Obtaining financing |
| C. | Selecting the type of legal structure |
| D. | Hiring a partner |
| Answer» E. | |
| 692. |
Fixed expenses: |
| A. | Are incurred regardless of sales volume. |
| B. | Can be estimated by taking into consideration the production. |
| C. | Includes labor, raw materials, and commissions. |
| D. | Must be linked to strategy in the business plan |
| Answer» D. Must be linked to strategy in the business plan | |
| 693. |
Out of the total population of people you approach, __________ is the percentage of peoplewho buy. |
| A. | Mini plan |
| B. | Test marketing |
| C. | Hit rate |
| D. | Proof-of-concept |
| Answer» D. Proof-of-concept | |
| 694. |
______ is a statement that is not expected in the business plan. |
| A. | Balance sheet |
| B. | Income statement |
| C. | SEC filing statement |
| D. | Cash flow statement |
| Answer» D. Cash flow statement | |
| 695. |
The activity which occurs when the new venture is started is called: |
| A. | Motivation |
| B. | Business skills |
| C. | Departure point |
| D. | Goal orientation |
| Answer» D. Goal orientation | |
| 696. |
Which of the following interested parties should not have access to the venture's business plan? |
| A. | Competitors |
| B. | Lenders |
| C. | Investors |
| D. | Suppliers |
| Answer» B. Lenders | |
| 697. |
A project can be considered to have failed if it: |
| A. | does not meet the users' requirements. |
| B. | overran significantly on estimated delivery date. |
| C. | was significantly over budget. |
| D. | does not meet the business requirements. |
| Answer» E. | |
| 698. |
The location decision should address all of the _________ points required for your industryand should enhance the _________ points. |
| A. | Orthodox / unorthodox |
| B. | Unorthodox / orthodox |
| C. | Ordinary / unordinary |
| D. | Unordinary / ordinary |
| Answer» B. Unorthodox / orthodox | |
| 699. |
One of the differences between marketing in a corporate setting and an entrepreneurial one is the reliance by the entrepreneur on personal credibility and skills in persuasive communication. |
| A. | True |
| B. | False |
| C. | all |
| D. | none |
| Answer» B. False | |
| 700. |
Which of the following restructuring actions involves laying off employees from theirjobs? |
| A. | Reengineering |
| B. | Downsizing |
| C. | Bankruptcy |
| D. | Expanding |
| Answer» C. Bankruptcy | |