Management of NonProfit organizations MCQ with Answers

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Online MCQ Quiz of Management of NonProfit organizations

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Management of Non Profit organizations

1 / 20

Q: The money (capital) that a business needs in order to carry out its plans

A. Break-even

B. Business plan

C. Cash flow forecast

D. Entrepreneur

E. Finance

2 / 20

Q: What's the biggest mistake you can make when preparing a business plan?

A. Not telling a compelling story

B. Forgetting the executive summary

C. Failing to include at least one appendix

D. Misrepresenting facts

E. Failing to have a clear vision of the business

3 / 20

Q: Controls or directs people/resources in a group according to principles or values that have already been established

A. Leadership

B. Management

C. staff

D. Employees

4 / 20

Q: Income from business is taxed as personal income

A. Sole proprietorship

B. Joint stock

C. Partnership

D. Hindu family

5 / 20

Q: leave employees to themselves after giving initial instructions; offer assistance only when asked; no praise or blame given

A. Autocratic

B. Democratic

C. laissez Fair

D. leader

6 / 20

Q: A leadership will work in a workforce if a leader can keep a group together, he can make the group productive and___

A. Keep the group motivated

B. Train & guide the group if needed

C. Maintain a good deal of job satisfaction among the group members

D. Help them in their needs

7 / 20

Q: Currently around 70% businesses in India are registered under this legal form of business

A. A registered company

B. Sole proprietorship

C. Limited liability partnership

D. Partnership

8 / 20

Q: Which one of the following is NOT one of the main objectives of SANKALP, an outcome-oriented programme of Ministry of Skill Development & Entrepreneurship?

A. Coverage

B. Quality

C. Inclusiveness & Opportunity

D. Evaluation System

9 / 20

Q: Bootstrapping is the way of raising funds or capital for your business by___

A. Using your own finances like savings, credit card, loans or from 'friends, family and fools'

B. Selling an early product to fund company development

C. Selling your time & expertise for consulting

D. All of the above

10 / 20

Q: What would be the best approach of budgeting for startup success?

A. Calculating every cost in the present and future

B. Mapping out specific costs & setting aside funds for emergencies

C. Estimating the startup budget from staffing to machinery & stick to it

D. All of the above

11 / 20

Q: Financial plan for the business should include

A. Projected balance sheet

B. Profit forecast

C. Cash flow forecast

D. All of the above

12 / 20

Q: "We will identify 200 potential customers within two months of launch." What type of product launch goal is it?

A. Product awareness goals

B. Sales goals

C. Prospect goals

D. Customer goals

13 / 20

Q: MVP in customer validation means

A. Minimum Viable Product

B. Minimum Value Product

C. Minimum Validation Product

D. Maximum Value Product

14 / 20

Q: The information collected from the sources like industry statistics, market research reports, news paper articles, etc. is a part of

A. Qualitative research

B. Primary research

C. Secondary research

D. Quantitative research

15 / 20

Q: ___study can be used as a guideline to determine how difficult it is to make money in the market

A. Market trends

B. Market profitability

C. Market segments

D. Market growth rate

16 / 20

Q: Resource analysis needs to be done at the time of opportunity search & identification, to___

A. Identify the firm's strengths & weaknesses

B. find out firm's capabilities at the start of the business

C. identify distinctive competencies of the firm

D. All of the above

17 / 20

Q: Which of the following is not one of the Firm-level screening parameter while doing opportunity search & identification?

A. Availability of raw material

B. Capital requirement

C. Government support

D. Family support

18 / 20

Q: While scanning the environment for identifying the business opportunity an entrepreneur must look closely at the market to___

A. Identify demand supply gap

B. Possibility of product substitution

C. Find out forward-backward industry linkage

D. All of the above

19 / 20

Q: This is not one of the steps in arriving at business opportunity

A. Generating ideas

B. Screening process

C. Formulating concept of the business

D. Formulating a business strategy

20 / 20

Q: Entrepreneurs and strategic decisions does not include___

A. Non Recognizing a problem

B. Generating alternatives

C. Evaluating various alternatives

D. Selecting the alternative that best satisfies

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