Correct Answer is: selling and buying of goods.

Correct Answer is: Critical Probabilistic Method.

Correct Answer is: Directorate General of Taxation Deduction.

Entrepreneurship Development MCQ Multiple Choice Questions

Q: 1. A business arrangement where one party allows another party to use a business name and sell its products or services is known as

Correct Answer is: A limited company.

Q: 2. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as.

Correct Answer is: A limited company.

Q: 3. A commercial banker would prefer a debt-equity ratio over the years as it indicates financial strength of a unit.

Correct Answer is: Fluctuating.

Q: 4. A Company is called an artificial person because

Correct Answer is: it exists only in contemplation of law.Answer:C

Q: 5. A key aspect of the financial section of the business plan is

Correct Answer is: A description of competitors.

Q: 6. A new venture's business plan is important because

Correct Answer is: Provides a guide for business activities by defining objectives.

Q: 7. A person owning and running a small firm, is known as.

Correct Answer is: An enterprise worker.

Q: 8. A project, which may not add to the existing profits, should be financed by

Correct Answer is: public deposits.

Q: 10. A public corporation means

Correct Answer is: department of union government

Q: 11. A valid definition of a business purpose is to

Correct Answer is: increase the wealth of the firm.

Welcome to our Entrepreneurship Development MCQs section, designed to help students and exam aspirants master the key concepts and prepare effectively for their assessments.

About Entrepreneurship Development MCQ Questions

Entrepreneurship Development MCQs cover a wide range of topics, including business planning, market analysis, innovation, and leadership. These questions are crafted to enhance your understanding of the entrepreneurial process and the skills required to succeed in the business world.

Why Practice Entrepreneurship Development Objective Questions?

Practicing these MCQs can significantly boost your performance in exams, interviews, and concept revision. They help reinforce your knowledge, improve your problem-solving skills, and build confidence in your ability to tackle real-world business challenges.

Who Should Use These MCQs?

Entrepreneurship Development MCQ Questions for Practice

1. A business arrangement where one party allows another party to use a business name and sell its products or services is known as

A cooperative.
A franchise.
An owner-manager business.
A limited company.

2. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as.

A cooperative.
A franchise.
An owner-manager business.
A limited company.

3. A commercial banker would prefer a debt-equity ratio over the years as it indicates financial strength of a unit.

Declining.
Increasing.
Stable.
Fluctuating.

4. A Company is called an artificial person because

it does not have the shape of a natural person.
it cannot be used in the court of law.
it is invisible and intangible.
it exists only in contemplation of law.Answer:C

5. A key aspect of the financial section of the business plan is

A statement of management skills.
A realistic sales forecast.
Production capacity.
A description of competitors.

6. A new venture's business plan is important because

It helps to persuade others to commit funding to the venture.
Can help demonstrate the viability of the venture.
Provides a guide for business activities by defining objectives.
All the above.

7. A person owning and running a small firm, is known as.

A manager-owner.
An owner-manager.
A professional adapter.
An enterprise worker.

8. A project, which may not add to the existing profits, should be financed by

debentures.
preference share capital.
equity capital.
public deposits.

9. A provisional SSI registration certificate is valid for a period of

four Years.
three Years.
two Years.
one year.

10. A public corporation means

public company.
government company.
statutory corporation.
department of union government

11. A valid definition of a business purpose is to

create a customer.
maximize profits.
serve the society.
increase the wealth of the firm.

12. According to MSMEDC (Micro, Small & Medium Enterprises Development) Act 2006, Micro, Small & Medium Enterprise are classified into two classes such as

Manufacturing & Service Enterprise
Automobile & Electronic Enterprise
Research & Development Sector
None of these

13. Activities which can be accomplished simultaneously are termed as

Preceeding Activities.
Succeeding Activities.
Concurrent Activities
Dummy Activities.

14. Activities which must be finished before a given event can occur are termed as

Preceeding Activities.
Succeeding Activities
Concurrent Activities
Dummy Activities.

15. Additional time which a non-critical activity can consume without increasing the project duration is called

Total Float.
Free Float
Independent Float.
Dependant Float

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?

Supplier.
Retailer.
Competition.
Government bureau.

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

an intrapreneur.
a corporate entrepreneur.
a portfolio entrepreneur.
None of the above.

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

A leader
A manager
A professional
An entrepreneur

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

A leader
A manager
A Professional
An entrepreneur

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

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

21. Business means

Commerce.
industry and commerce.
trade and commerce.
selling and buying of goods.

22. Business risks can be

avoided.
reduced.
ignored.
erased.

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

Idea generation.
Opportunity Scanning.
Project.
Strategy.

24. CPM stands for.

Continuous Path Method.
Clear Path Method.
Critical Path Method.
Critical Probabilistic Method.

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

Organizational decisions.
Personal decisions.
Routine decisions.
Strategic decisions

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

Organizational decisions.
Personal decisions.
Routine decisions.
Strategic decisions.

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

Organizational decisions.
Personal decisions.
Routine decisions.
Strategic decisions.

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

Programmed decisions.
Non -programmed decisions.
Routine decisions.
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.

project report
technical anlaysis
market analysis
financial analysis

30. DGTD stands for

Directorate General of Technical Development.
District General of Technical Development.
District General of Taxation Deduction.
Directorate General of Taxation Deduction.

Entrepreneurship Development MCQ Multiple Choice Questions for Practice

About Entrepreneurship Development MCQ Questions

Why Practice Entrepreneurship Development Objective Questions?

Who Should Use These MCQs?

Entrepreneurship Development MCQ Questions for Practice

1. A business arrangement where one party allows another party to use a business name and sell its products or services is known as

2. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as.

3. A commercial banker would prefer a debt-equity ratio over the years as it indicates financial strength of a unit.

4. A Company is called an artificial person because

5. A key aspect of the financial section of the business plan is

6. A new venture's business plan is important because

7. A person owning and running a small firm, is known as.

8. A project, which may not add to the existing profits, should be financed by

9. A provisional SSI registration certificate is valid for a period of

10. A public corporation means

11. A valid definition of a business purpose is to

12. According to MSMEDC (Micro, Small & Medium Enterprises Development) Act 2006, Micro, Small & Medium Enterprise are classified into two classes such as

13. Activities which can be accomplished simultaneously are termed as

14. Activities which must be finished before a given event can occur are termed as

15. Additional time which a non-critical activity can consume without increasing the project duration is called

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?

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

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

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

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

21. Business means

22. Business risks can be

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

24. CPM stands for.

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

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

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

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

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.

30. DGTD stands for

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Entrepreneurship Development MCQ Multiple Choice Questions for Practice

About Entrepreneurship Development MCQ Questions

Why Practice Entrepreneurship Development Objective Questions?

Who Should Use These MCQs?

Entrepreneurship Development MCQ Questions for Practice

1. A business arrangement where one party allows another party to use a business name and sell its products or services is known as

2. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as.

3. A commercial banker would prefer a debt-equity ratio over the years as it indicates financial strength of a unit.

4. A Company is called an artificial person because

5. A key aspect of the financial section of the business plan is

6. A new venture's business plan is important because

7. A person owning and running a small firm, is known as.

8. A project, which may not add to the existing profits, should be financed by

9. A provisional SSI registration certificate is valid for a period of

10. A public corporation means

11. A valid definition of a business purpose is to

12. According to MSMEDC (Micro, Small & Medium Enterprises Development) Act 2006, Micro, Small & Medium Enterprise are classified into two classes such as

13. Activities which can be accomplished simultaneously are termed as

14. Activities which must be finished before a given event can occur are termed as

15. Additional time which a non-critical activity can consume without increasing the project duration is called

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?

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

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

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

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

21. Business means

22. Business risks can be

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

24. CPM stands for.

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

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

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

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

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.

30. DGTD stands for

Your Score

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