Entrepreneurship Development Questions and Answers in Quiz Form 11 for Practice

151. Which of the following is not considered to be a characteristic of a project?

1. An established objective
2. Complex tasks
3. A clear beginning and end
4. Only for internal use

152. Which of the following is not one of the 4 Ms?

1. motivation.
2. management.
3. materials.
4. money.

153. Which of the following is the reason for business failure

1. Lack of market research.
2. Poor financial control.
3. Poor management.
4. All the above.

154. Which of the following leads to over-capitalization?

1. acquiring fixed assets on excessive amounts.
2. under-estimation of initial rate of earnings.
3. using lower-rate of capitalization.
4. under estimation of required funds.

155. Which of the following leads to under-capitalization?

1. raising of more money by issue of shares.
2. acquiring fixed assets on excessive amounts.
3. over-estimation of earnings for enterprise.
4. under-estimation of initial rate of earnings.

156. Which of the following securities proves a burden on finances of the company, when company is not earning profits?

1. Equity shares.
2. Preference shares.
3. Redeemable preference shares.
4. Debentures.

157. Which of the following sources is not use for medium term financing?

1. Issue of equity shares.
2. Issue of debentures.
3. Term loans from banks.
4. Sale of current asset.

158. Which of the following statements is false?

1. Market segmentation is a useful process for small businesses to undertake.
2. Selling is essentially a matching process.
3. A benefit is the value of a product feature to a customer.
4. It is a good idea for small businesses to compete solely on price.

159. Which of the following statements is false? Electronic commerce:

1. can allow new ventures to compete on more or less equal terms with large firms.
2. can lead to small businesses having reduced contact with its customers.
3. is rarely used in small businesses.
4. is used in many different industries and markets.

160. Which of the list below does not form Intellectual Property?

1. Trade marks.
2. Patents.
3. Tangible assets.
4. Copyright.

161. Which of these statements best describes the context for entrepreneurship?

1. Entrepreneurship takes place in small businesses.Entrepreneurship takes place in large businesses.
2. Entrepreneurship takes place in large businesses.
3. Entrepreneurship takes place in a wide variety of contexts.
4. Entrepreneurship does not take place in social enterprises.

162. Which of these statements best describes the context forentrepreneurship?

1. Entrepreneurship takes place in small business
2. Entrepreneurship takes place in large business
3. Entrepreneurship takes place in a wide variety of context (small, medium& large)
4. Entrepreneurship takes place in social enterprises

163. Which one of the following describes unemployment?

1. The number of people who voluntarily choose not to work.
2. The number of people who are jobless and are actively seeking work.
3. The number of people who are not actively seeking work.
4. The number of people actively seeking work who find work.

164. Which one of the following is not considered as one of the building blocks of the model entrepreneur?

1. technical skills.
2. management competencies.
3. business awareness.
4. personal attributes.

165. Why are small business important to a countrys economy?

1. They give an outlet to entrepreneurs
2. They can provide specialist support to larger companies
3. They can be innovators of new product
4. All of these