Entrepreneurship and Small Business Management MCQs

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Entrepreneurship and Small Business Management

1 / 20

Q: DGTD stands for___

A. Directorate General of Technical Development.

B. District General of Technical Development.

C. District General of Taxation Deduction.

D. Directorate General of Taxation Deduction

2 / 20

Q: Entrepreneurship can best be described as___

A. a Process that requires setting up a business.

B. taking a significant risk in a business context.

C. having a strong vision.

D. a Process involving innovation, new products or services, and value creation.

3 / 20

Q: Entrepreneruial behavious includes

A. solving problems

B. taking initiative

C. taking responsibility

D. all of these

4 / 20

Q: Entrepreneruial skills includes

A. creative problem solving

B. persuading

C. negotiation

D. all of these

5 / 20

Q: Crashing is applicable in___

A. pert

B. cpm

C. map

D. lob

6 / 20

Q: ___Is also called functional layout:

A. Process layout.

B. combined layout.

C. stationary layout.

D. cellular layout.

7 / 20

Q: Estimated time required in normal conditions complete an activity is___

A. pessimistic time

B. optimistic time

C. most likely time

D. none of these

8 / 20

Q: The latest possible time an activity can finish without delaying the project is called___

A. eft

B. lst

C. lft

D. est

9 / 20

Q: Project formulation means___Study.

A. profitability

B. liquidity

C. feasibility

D. viability

10 / 20

Q: The Head Office of KINFRA is located at___

A. thiruvananthapuram

B. kozhikode

C. ernakulum

D. kannur

11 / 20

Q: ___is the place where the required facilities and Factory Accommodation are provided by the government to the entrepreneurs to establish their industries there.

A. industry

B. industrial estate

C. company

D. none of these

12 / 20

Q: Market segmentation is the Process of:

A. Describing market conditions.

B. Dividing the market into smaller homogeneous groups.

C. Presenting future opportunities.

D. Exploring new market opportunities.

13 / 20

Q: Which stage of marketing research is considered to be the most difficult for an entrepreneur due to lack of knowledge or experience in marketing?

A. Analyzing and interpreting the results

B. Gathering data from primary sources

C. Gathering data from secondary sources

D. Defining the purpose or objectives

14 / 20

Q: The first step in the small business development Process is:

A. Planning

B. Organizing

C. Controlling

D. Retaining

15 / 20

Q: ___provides information on the company and critical risks to prospective Business partners.

A. Partner plan

B. Invention plan

C. Operational plan

D. Concept plan

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Q: All of the following are questions an opportunity assessment plan might answer except:

A. How much capital do I need?

B. What market need does it fill?

C. What business skills do I have?

D. Can a patent be obtained?

17 / 20

Q: Input analysis relates with

B. Material requirement

C. Labour requirement

D. Resource requirement

A. Funding requirement

18 / 20

Q: What are the main sources of entrepreneurial opportunity?

A. Personal - entrepreneurs experience or perceive something that others do not.

B. Secondary research - from industry analyses.

C. Primary research - from speaking to potential customers to determine their needs.

D. Observation - of other peoples' experiences with products and services.

19 / 20

Q: All these are characteristics of an entrepreneurial environment except:

A. there is short term horizons.

B. new ideas are encouraged.

C. the organization operates on frontiers of technology.

D. it uses a multidiscipline teamwork approach.

20 / 20

Q: No. of sources for innovative opportunity is given by Peter Drucker.

A. 5

B. 6

C. 7

D. 8

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