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Start Up and New Venture Management Online MCQ Practice Set

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Question: “An unstable & coalition Government in power would adversely influence the State / Nation’s economy.” What type of environmental threat is this?

  • A. Economic
  • B. Government program
  • C. Peace & Order
  • D. Political

View Answer

Answer D. Political

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Question: “During the Covid-19 pandemic crisis when the entire world was facing an acute shortage of the medicine ‘Chloroquine’, which is used in this disease; India exported it to many countries.” Which environmental factor does this speak about?

  • A. Global environment
  • B. Economic
  • C. Political
  • D. Natural

View Answer

Answer A. Global environment

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Question: “People have developed the habit of eating out in multi-cuisine & fast-food restaurants preferring to eat instant, processed food.” What type environmental opportunity is this?

  • A. Economic
  • B. Socio-cultural
  • C. Technological
  • D. Population trend

View Answer

Answer B. Socio-cultural

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Question: “Setting a goal to quickly resolve the issues found as a result of the release so that they do not impede your revenue or customer-related goals.” What type of product launch goal is it?

  • A. Customer goals
  • B. Product defect goals
  • C. Sales goals
  • D. Prospect goals

View Answer

Answer B. Product defect goals

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Question: “The Covid-19 Pandemic has severely hampered the supply of raw materials, manufacturing & trading activities & service sector resulting into the global economic slowdown.” What kind of environmental threat is this?

  • A. Economic
  • B. Global environment
  • C. Natural
  • D. Socio-cultural

View Answer

Answer C. Natural

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Question: “The Government provides Financial, Technical & Marketing assistance to the MSME’s.” What kind of environmental opportunity does this indicate?

  • A. Economic
  • B. Political
  • C. Government program
  • D. Technological & Technical

View Answer

Answer C. Government program

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Question: “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

View Answer

Answer C. Prospect goals

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Question: “Within the first week after launch, we will see 20 outlets pick up our press release, 50 re-tweets of our launch announcement and 1000 visits on the website.” What type of product launch goal is it?

  • A. Product awareness goals
  • B. Prospect goals
  • C. Sales goals
  • D. Customer goals

View Answer

Answer A. Product awareness goals

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Question: 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

View Answer

Answer C. Quantitative research

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Question: A distinct discipline for gathering and synthesizing representative customer feedback to produce a more successful product is called as

  • A. Customer discovery
  • B. Customer Creation
  • C. Customer Validation
  • D. Customer feedback

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Answer C. Customer Validation

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Question: A document showing the expected cash inflows and outflows in the coming months

  • A. Break-even
  • B. Business plan
  • C. Cash flow forecast
  • D. Entrepreneur
  • E. Finance

View Answer

Answer C. Cash flow forecast

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Question: 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

View Answer

Answer B. Task-oriented leadership

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Question: A leader who leave employees to themselves after giving initial instructions and offer assistance only when asked is

  • A. Democratic
  • B. Autocratic
  • C. laissez faire
  • D. None of the above

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Answer C. laissez faire

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Question: 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

View Answer

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

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Question: A method of environmental scanning which entails regular collection or processing of data on a wide range of factors from business environment is called as

  • A. Continuous Scanning
  • B. Regular Scanning
  • C. Ad Hoc Scanning
  • D. Intermittent Scanning

View Answer

Answer A. Continuous Scanning

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Question: A method of environmental scanning which is short-term, infrequent & initiated by crisis is called as

  • A. Intermittent Scanning
  • B. Irregular Scanning
  • C. Ad-hoc Scanning
  • D. None of the above

View Answer

Answer C. Ad-hoc Scanning

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Question: A preferable format of sending investment ‘Pitch deck’ to the prospective investors in advance of a meeting, is___

  • A. Google Docs
  • B. PDF
  • C. Drop box
  • D. Other online service

View Answer

Answer B. PDF

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