Entrepreneurship Development Multiple Choice Questions and Answers for Practice

16. 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?

1. Supplier.
2. Retailer.
3. Competition.
4. Government bureau.

17. An entrepreneur who owns more than one business at a time is called

1. an intrapreneur.
2. a corporate entrepreneur.
3. a portfolio entrepreneur.
4. None of the above.

18. An individual who starts, creates and manages a new business can be called

1. A leader
2. A manager
3. A professional
4. An entrepreneur

19. An individual who starts, creates and manages a new business can be called as

1. A leader
2. A manager
3. A Professional
4. An entrepreneur

20. As a new company grows, the entrepreneur will need to

1. be responsive to changes in the market.
2. ensure financial controls are maintained.
3. build a management team.
4. all the above.

21. Business means

1. Commerce.
2. industry and commerce.
3. trade and commerce.
4. selling and buying of goods.

22. Business risks can be

1. avoided.
2. reduced.
3. ignored.
4. erased.

23. can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time

1. Idea generation.
2. Opportunity Scanning.
3. Project.
4. Strategy.

24. CPM stands for.

1. Continuous Path Method.
2. Clear Path Method.
3. Critical Path Method.
4. Critical Probabilistic Method.

25. Decisions taken by an entrepreneur on behalf of his enterprise are known as

1. Organizational decisions.
2. Personal decisions.
3. Routine decisions.
4. Strategic decisions

26. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as.

1. Organizational decisions.
2. Personal decisions.
3. Routine decisions.
4. Strategic decisions.

27. Decisions which are concerned with policy matters and exercise fundamental influence on the objectives of the organization are called as.

1. Organizational decisions.
2. Personal decisions.
3. Routine decisions.
4. Strategic decisions.

28. Decisions which are non-repetitive and novel nature and required to solve unstructuredproblem is called as

1. Programmed decisions.
2. Non -programmed decisions.
3. Routine decisions.
4. Strategic decisions.

29. describes the direction, the enterprise is going in, what its goals are, where it wants to be,and how it is going to get there.

1. project report
2. technical anlaysis
3. market analysis
4. financial analysis

30. DGTD stands for

1. Directorate General of Technical Development.
2. District General of Technical Development.
3. District General of Taxation Deduction.
4. Directorate General of Taxation Deduction.