Entrepreneurship MCQ Questions and Answers Quiz

11. EDP (Entrepreneurship Development Programmes) is required to help:

  1. Existing entrepreneurs
  2. First generation entrepreneurs
  3. Future generations entrepreneurs
  4. None of the above

12. Family business always interested to handover the change of his business to:

  1. Indian Administration Officers
  2. Professional Managers
  3. Next generation
  4. None of the above

13. GATT is established in 1947, under:

  1. German leadership
  2. U.S. leadership
  3. French leadership
  4. U.K. leadership

14. Having more than 50% ownership position that provides the entrepreneur with managerialcontrol is called:

  1. Joint venture
  2. Majority interest
  3. Horizontal merger
  4. Diversified activity merger

15. Individuals influencing an entrepreneur’s career choice and style are known as which of thefollowing?

  1. Moral-support network
  2. Role model
  3. Professional support network
  4. Support system

16. Information regarding all of the following is related to operations, EXCEPT:

  1. Location
  2. Promotion
  3. Raw materials
  4. Labor skills

17. Members of distribution channels are excellent sources for new ideas because:

  1. They earn a handsome profit from new business
  2. They are familiar with the needs of the market
  3. They do not bother if entrepreneur bears a loss
  4. They have well-developed sales force

18. SBA stands for:

  1. Small business accountants
  2. Small business administration
  3. Small business adequacy
  4. Small business advisors

19. The activity which occurs when the new venture is started is called:

  1. Motivation
  2. Business skills
  3. Departure point
  4. Goal orientation

20. The entrepreneur was distinguished from capital provider in:

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