Entrepreneurship Multiple Choice Questions and Answers

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