Start Up and New Venture Management MCQ with Answers

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Online MCQ Quiz of Start Up and New Venture Management

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Start Up and New Venture Management

1 / 20

Q: An entrepreneur is someone who assumes the major risks of a new business by committing which of the following?

A. Equity

B. time

C. career

D. all of the above

2 / 20

Q: An entrepreneur will need to___carefully how to put the idea into practice

A. Plan

B. Objectives

C. Forecast

D. Finance

E. Investors

3 / 20

Q: Business Plan provides details about the business owners and their___, as well as a description of the goods or services to be produced

A. Plan

B. Objectives

C. Forecast

D. Finance

E. Investors

4 / 20

Q: What's a typical timeframe that a business plan addresses?

A. One year

B. The anticipated life of the business

C. At least ten years

D. At least five years

E. Three to five years

5 / 20

Q: A focus based leadership style where the leader defines clearly & closely what subordinates should be doing, how they should be doing it & actively schedules work for them is called as___

A. Relationship-oriented leadership

B. Task-oriented leadership

C. Job-oriented leadership

D. Work-oriented leadership

6 / 20

Q: In sole proprietorship the owner needs to secure the necessary licenses, certifications and___in his name to start a business

A. Tax Identification Number (TIN)

B. Permanent Account Number (PAN)

C. AADHAR

D. Value Added Tax (VAT) Registration

7 / 20

Q: Which of the following statement about partnership is NOT true

A. The relationship of partners depends on contract among them

B. Two or more than two persons involve with the illegal business is not a partnership

C. The profit which is earned from the partnership business must be equally shared among the partners

D. This is the mutual organization where each and every member freely involves with the business

8 / 20

Q: Raising business funds through crowd funding is NOT

A. Reward based

B. Equity based

C. Request based

D. Donation based

9 / 20

Q: What would the best approach of budget allocation in case of a debt ridden startup?

A. It's better to catch costly expenses in the beginning rather than in the end

B. The small expenses should be done away with at the first instance followed by the costly expenses

C. Both small & costly expenses should be cleared simultaneously

D. None 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: The buyers in this mode perceive that the business is failing and feel that something must change

A. Growth mode

B. Overconfident mode

C. Even keel mode

D. Trouble mode

12 / 20

Q: For customer validation which category of customers of most potential user segment would be identified?

A. Early majority

B. Laggards

C. Early adopters

D. Innovators

13 / 20

Q: A bank asking consumers to rate their service on a scale of one to ten is a___

A. Secondary research

B. Qualitative research

C. Quantitative research

D. None of the above

14 / 20

Q: A study of market growth rate helps to___

A. Keep a track of the market condition

B. Find out Sales growth of complementary products

C. Understand Product life cycle phases

D. All of the above

15 / 20

Q: Which one of the following is not one of the objectives of market intelligence?

A. Minimizing investment risks, to detect threats and early market trends

B. Early warning of competitor moves to enable counter measures

C. To identify firm's own resources & capabilities

D. Information for better market selection & positioning and to understand and discover untapped or under-served potential

16 / 20

Q: Which of the following are the means of collecting information while scanning the environment for identifying business opportunity?

A. Trade Fairs

B. Public Meetings

C. In-Depth Interviews

D. All of the above

17 / 20

Q: Which of the following is not one of the ways of scanning the environment for identification of business opportunity?

A. Looking closely at the market

B. Looking at the available physical resources

C. Looking at People's skills

D. Looking at Available Business Assistance Program

18 / 20

Q: The organization will never be able to make the necessary changes without___

A. Top management commitment

B. Employees

C. Workers

D. None of the mentioned

19 / 20

Q: What is a key obstacle to the success of non-traditional partnerships?

A. Lack of investment by a multinational firm

B. Lack of trust between partners

C. Lack of expertise within a multinational firm

D. Lack of government support

20 / 20

Q: Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

A. Existing products and services

B. Distribution channels

C. Federal government

D. Consumers

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