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Entrepreneurship and Small Business Management Online MCQ Practice Set

Study Entrepreneurship and Small Business Management Online MCQ Practice Set for your academic course and prepare for your exam and online assignments. You can give online FREE Quiz and test your knowledge on OMCQ portal.

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Question: ___ , in the new product development process, is the stage that comes after idea generation.

A. Product development
B. Commercialization
C. Idea evaluation
D. Idea screening

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Answer: D. Idea screening
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Question: ___ analysis aims at analyzing the real contribution of an Investment project towards welfare of country as a whole;

A. techno-economic
B. network
C. financial
D. social cost-benefit

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Answer: D. social cost-benefit
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Question: ___ analysis helps in studying the impact of crucial variables like raw materials, sales volume, sales price, degree of capacity utilization etc over the economic viability of an enterprise.

A. break-even
B. sensitivity
C. risk
D. ratio

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Answer: B. sensitivity
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Question: ___ analysis helps to compare current performance with the past and also in measuring effectiveness and efficiency of the organization in the light of norms of performances

A. break-even
B. sensitivity
C. risk
D. ratio

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Answer: D. ratio
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Question: ___ Analysis involves estimation of project costs and revenues and Funds required for the project:

A. techno-economic
B. network
C. financial
D. social cost-benefit

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Answer: C. financial
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Question: ___ analysis is a technique commonly used to assess expected Product profitability.

A. pert
B. cpm
C. bep
D. swot

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Answer: C. bep
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Question: ___ Analysis is carried out to ascertain technical soundness of the project:

A. techno-economic
B. technical
C. financial
D. pre-investment appraisal

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Answer: B. technical
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Question: ___ analysis is concerned with identification of project demand potential and selection of optimal technology:

A. techno-economic
B. network
C. financial
D. social cost-benefit

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Answer: A. techno-economic
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Question: ___ Analysis is concerned with the development of detailed work plan of the project and its time profile:

A. techno-economic
B. network
C. financial
D. social cost-benefit

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Answer: B. network
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Question: ___ analysis is done to ascertain financial viability of a project.

A. network
B. financial
C. techno-economic
D. input

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Answer: B. financial
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Question: ___ Analysis is one of the most popular techniques used for planning, scheduling, monitoring and co-ordinating projects comprising a number of activities.

A. network
B. financial
C. techno-economic
D. input

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Answer: A. network
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Question: ___ Analysis is primarily concerned with the identification,quantification and evaluation of project resources.

A. network
B. financial
C. techno-economic
D. input

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Answer: D. input
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Question: ___ analysis presents he picture of profit at different levels of production.

A. break-even
B. sensitivity
C. risk
D. ratio

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Answer: A. break-even
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Question: ___ applied the word entrepreneur to business for the first time.

A. robert owen
B. joseph schumpeter
C. richard cantillon
D. max weber

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Answer: C. richard cantillon
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Question: ___ are activities that must be completed immediately prior to the start of Another activity.

A. critical
B. preceding
C. succeeding
D. concurrent

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Answer: B. preceding
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Question: ___ are incubators sponsored and managed through associations, chambers of Commerce etc

A. government sponsored
B. non-profit organizations sponsored
C. university sponsored
D. privately sponsored

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Answer: B. non-profit organizations sponsored
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Question: ___ are three basic forms of franchising.

A. Sole proprietorship, partnership, and corporation
B. Product, service, and mix-format
C. Trade name, product distribution, and business format
D. Regional, local, and global

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Answer: C. Trade name, product distribution, and business format
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Question: ___ between people in the personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.

A. Good relations
B. Weak ties
C. Strong ties
D. Unique connections

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Answer: C. Strong ties
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Question: ___ entrepreneurs are extremely task oriented.

A. technical
B. fabian
C. induced
D. business

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Answer: A. technical
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Question: ___ entrepreneurs neither introduce new changes nor adopt new methods innovated by others.

A. technical
B. fabian
C. induced
D. business

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Answer: B. fabian
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