Entrepreneurship Multiple Choice Questions and Answers for Practice

16. The entrepreneur was distinguished from capital provider in:

1. Middle ages
2. 17th century
3. 18th century
4. 19th and 20th century

17. The level at which an individual is viewed by society is called:

1. Financial status
2. Qualification
3. Social status
4. Achievement

18. Venture capital is concerned with:

1. New project having potential for higher profit
2. New project of high technology
3. New project having high risk
4. All the above.

19. What is the process by which individuals pursue opportunities without regard to resourcesthey currently control?

1. Startup management
2. Entrepreneurship
3. Financial analysis
4. Feasibility planning

20. Which of the following factors is the most important in forcing U.S companies to focus onnew product development and increased productivity?

1. Entrepreneurship
2. Hyper competition
3. Governmental laws
4. Organizational culture

21. Which of the following is alternatively called corporate venturing?

1. Entrepreneurship
2. Intrapreneurship
3. Act of stating a new venture
4. Offering new products by an existing company

22. Which of the following is used by entrepreneurs to acquire experience in an internationalmarket before making a major commitment?

1. Merger
2. Minority Interest
3. Joint venture
4. Majority interest

23. Which of the following shows the process of creating something new?

1. Business model
2. Modeling
3. Creative flexibility
4. Innovation

24. Which one of the following gives suggestions for new product and also help to market new products?

1. Existing products and services
2. Federal government
3. Distribution Channels
4. Consumers

25. Which one of the following is an important source of idea generation due to their familiaritywith the needs of market?

1. Existing products and services
2. Distribution channels
3. Federal government
4. Consumers

26. Which one of the following is the most important characteristic of a successful businesswebsite?

1. Innovation
2. Speed
3. Graphics
4. Products

27. Which one of the following is the next stage to the Concept Stage of Product Planning andDevelopment Process?

1. Idea Stage
2. Product Planning Stage
3. Product Development Stage
4. Test Marketing Stage

28. Which one of the following is the process of entrepreneurs developing new products thatover time make current products obsolete?

1. New business model
2. Anatomization
3. None of the given options
4. Creative destruction

29. Why should an entrepreneur do a feasibility study for starting a new venture

1. To identify possible sources of funds
2. To see if there are possible barriers to success
3. To estimate the expected sales
4. To explore potential customers

30. Having less than 50 percent of equity share in an international venture is called

1. Joint Venture
2. Majority Interest
3. Minority Interest
4. Exporting