Entrepreneurship MCQ Questions and Answers Quiz

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

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

22. 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.

23. 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

24. 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

25. 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

26. 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

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

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

28. 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

29. 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

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

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