Deck 3: Entrepreneurship: Types, Elements, and Objectives

Question 1

Entrepreneurship is __________________

A)The seemingly discontinuous process of combining resources to produce new goals or services
B)A product
C)A service
D)A project
E)None of these

Answer 1

The seemingly discontinuous process of combining resources to produce new goals or services

Question 2

Which is the element of entrepreneurship?

A)Ability t innovate
B)Capacity to face uncertainties
C)It is a creative activity
D)Capacity to take risk
E)All of these

Answer 2

All of these

Question 3

Which one of the following is not the element of entrepreneurship

A)Accounting
B)Creative activity
C)Entrepreneurship ia an intuition
D)Professional activity
E)Result-oriented behavior

Answer 3

Accounting

Question 4

Entrepreneurship consist of _______________________________

A)Management is the vechile of entrepreneurship
B)Universal activity
C)Knowledge based behavior
D)Capacity to correct forecast for uncertainties
E)All of these

Question 5

Which the type of entrepreneurship?

A)Private entrepreneurship
B)Public entrepreneurship
C)Joint entrepreneurship
D)Cooperative entrepreneurship
E)All of these

Question 6

Which is not the type of entrepreneurship?

A)Large entrepreneurship
B)Small entrepreneurship
C)Centralized entrepreneurship
D)Active firm
E)Cooperative entrepreneurship

Question 7

Which is the type of entrepreneurship?

A)Large entrepreneurship
B)Small entrepreneurship
C)Centralized entrepreneurship
D)Decentralized entrepreneurship
E)All of these

Question 8

Large entrepreneurship is ____________________

A)TATA
B)Birla
C)Bajaj
D)Bangar
E)All of these

Question 9

Which is the cause of emergence of entrepreneurship?

A)Individual factors
B)Socio-cultural factors
C)Environmental factors
D)Support system
E)All of these

Question 10

Which is the objective of entrepreneurship?

A)To develop entrepreneurial tendencies
B)To promote innovation
C)Establishment of viable units
D)Productivity revolution
E)All of these

Question 11

Which is not a objective of entrepreneurship?

A)Minimum risk burden
B)Establishing self sufficient society
C)Maximize social problems
D)Increasing employment opportunities
E)All of these

Question 12

Entrepreneurship consists __________________

A)Strategic ability
B)Entrepreneurial class
C)Innovation
D)Intrapreneurship
E)All of these

Question 13

"The entrepreneur is more than a manager. He or she is an innovator and promoter as well" who said it?

A)Joseph A Schumpeter
B)Forrest H Frantz
C)George Gilder
D)Peter F Drucker
E)Taylor

Question 14

Which is the form of a entrepreneur?

A)Initial expansion
B)Subsequent expansion
C)Factor innovation
D)Finance
E)All of these

Question 15

The form of an entrepreneur consists

A)Technological
B)Organizational
C)Production innovations
D)Market innovations
E)All of these

Question 16

Change includes

A)Material change
B)Labor change
C)Upgrading of product
D)Innovation
E)All of these

Question 17

Which is the characteristic of entrepreneur?

A)Innovators
B)Risk takers
C)Provider of resources
D)High profit achievers
E)All of these

Question 18

An entrepreneur is __________________________________

A)Professionalests and practice-oriented
B)Provider of resources
C)Risk takers
D)Opportunist
E)All of these

Question 19

Which is the quality of an entrepreneur?

A)High profit achievers
B)Entrepreneur Provides leadership
C)Risk takers
D)Entrepreneurship is universal
E)All of these

Question 20

Which is the type of entrepreneur as per Clarence danhof?

A)Innovative entrepreneur
B)Imitative entrepreneur
C)Fabian entrepreneur
D)Drone entrepreneur
E)All of these

Question 21

Which of type of entrepreneur as per Kerl wasper?

A)Sole-self employed entrepreneurs
B)Worforce builders
C)Product innovatiors
D)Pattern multipliers
E)All of these

Question 22

Which is the type of entrepreneur?

A)Takeover artists
B)Pattern multipliers
C)Speculators
D)Capital aggregators
E)All of these

Question 23

The functions of entrepreneurship includes _________________________

A)Initiation and risk taking
B)Project planning
C)Approval of the project
D)Establishing the enterprise
E)All of these

Question 24

Which is not a function of entrepreneur?

A)To contribute to social development
B)Production diversification
C)Innovations
D)Managing the enterprise
E)All of these

Question 25

What is the role of entrepreneur?

A)Contribution in economic development
B)Producer of new products
C)Removal of poverty
D)Dynamic agent
E)All of these

Question 26

The role of entrepreneurs include

A)Pillar of industry
B)Encouragement to research and development
C)Promoting innovations
D)Changes in social framework
E)All of these

Question 27

The factors of development of entrepreneurship includes

A)Individual factors
B)Socio cultural factors
C)Environmental factors
D)Supporting factors
E)All of these

Question 28

Which is the factors of entrepreneurship development?

A)Mechanism for identifying entrepreneurs
B)Training and motivation system
C)Development of entrepreneurial skill
D)Economic and business environment
E)All of these

Question 29

Which factor is responsible in development of entrepreneurship?

A)Mechanism for identifying entrepreneurs
B)Training and motivation system
C)Development of entrepreneurial spirit
D)Aptitude
E)All of these

Question 30

Development of entrepreneurial skill is based on ____________________________

A)Business skill
B)Technical skill
C)Managerial skill
D)All of these
E)None of these

Question 31

The factors of development of entrepreneurship is based on ___________________

A)Role of banks and financial institutions
B)Economic and business environment
C)Development of entrepreneurial knowledge
D)Entrepreneurship oriented education system
E)All of these

Question 32

Which is theory of entrepreneurship?

A)The psychological theory
B)Sociological theory
C)Economic theory
D)Integrated theory
E)All of these

Question 33

Which is the concept of entrepreneurship as per "Thomas Begley" and David P Bogl?

A)Need achievement
B)Locus of control
C)Tolerance for risk
D)Tolerance for ambiguity
E)All of these

Question 34

The factors of impeding the growth of entrepreneurship includes _________________

A)Traditional society
B)Lack of entrepreneurship attitude
C)Lack of business infrastructure
D)Business monopolies
E)All of these

Question 35

Which is the factors impending the growth of entrepreneurs

A)Inadequate govt. facilities and incentives
B)Lack of technical and training facilities
C)Low expenditure on research and development
D)Cultural vales
E)All of these

Question 36

Environment includes ________________

A)Dynamic factors
B)Challenges factors
C)Opportunities
D)Economic factors
E)All of these

Question 37

Which is the base of business environment?

A)Use of natural resources
B)Economic development
C)Agricultural development
D)Transportation development
E)All of these

Question 38

Business environment includes _____________________

A)Increase in the job
B)Industrial development
C)Development of communication
D)Pre capita income
E)All of these

Question 39

Economic environment consists of _____________________

A)Economic planning
B)Industrial policy
C)Economic law
D)Economic condition
E)All of these

Question 40

Internal environment includes ___________________

A)Raw material suppliers
B)Customers
C)Competitors
D)All of these
E)None of these

Question 41

The external business environment consists of which component?

A)Political environment
B)Social environment
C)Economic environment
D)Technological environment
E)All of these

Question 42

Economic policy includes __________________________

A)Export-import policy (EXIM policy)
B)Monetary policy
C)Fiscal policy
D)All of these
E)None of these

Question 43

Which is economic system?

A)Capitalist system
B)Socialism system
C)Mixed economy(public & private)
D)All of these
E)None of these

Question 44

Which is the element of economic condition?

A)Nature of economy
B)Level of income
C)Distribution of assets
D)Economic resources
E)All of these

Question 45

The cultural environment includes ____________________________

A)Religion
B)Art
C)Literature
D)All of these
E)None of these

Question 46

The legal environment includes ______________________________

A)Indian contract act
B)The partnership act
C)Negotiable instrument act
D)The sale of good act
E)All of these

Question 47

Which is the element of economic conditions?

A)Labor force
B)Labor union
C)Economic policies and laws
D)Capital formation and investments
E)All of these

Question 48

Which is the feature of entrepreneurship and Indian socio-economic environment?

A)Adjustment with environment
B)Integrated system
C)Individual- oriented
D)Continuing civilization
E)All of these

Question 49

"Business is a game of skills which everybody cannot play" who said?

A)Emerson
B)Henri P Dalon
C)John Harnaday
D)James Burn
E)None of these

Question 50

Which is the characteristic of a entrepreneur?

A)Responsiveness to criticism
B)Creativity
C)Self confidence
D)Energy
E)All of these

Question 51

Which is the characteristic of entrepreneurs as per John Hornday?

A)Responsiveness to suggestion
B)Leadership
C)Diligences
D)Dynamism
E)All of these

Question 52

The characteristics of an entrepreneur include

A)Versatility
B)Profit orientation
C)Independence
D)Knowledge of market system
E)All of these

Question 53

Which is the physical quality of an entrepreneur?

A)Good health
B)Effective personalities
C)Agreeable looking
D)Good shape
E)All of these

Question 54

Which is the mental quality of a entrepreneur?

A)Hardworker
B)Sharp memory
C)Alertness
D)Sharp mind
E)All of these

Question 55

Which is a social quality

A)Fair behavior
B)Respectful
C)Helpful behavior
D)All of these
E)None of these

Question 56

Which is the ethical quality of an entrepreneur?

A)Honesty & leadership
B)Character
C)Politeness
D)Loyal
E)All of these

Question 57

Which is the business quality of an entrepreneur?

A)Alertness of social responsibilities
B)Knowledge of market conditions
C)Ability to adjust changes
D)Knowledge of national policy
E)All of these

Question 58

Which is the element of leadership?

A)Followers
B)General goals or objects
C)Working relationship
D)Ideal concept
E)All of these

Question 59

What is the nature of leadership?

A)Leadership is a dynamic process
B)Ideal concept
C)Leadership is a personal quality
D)Working relationship
E)All of these

Question 60

Leadership is must for

A)Facility to executives
B)Changing power
C)Achievement of high level of co-operation
D)Basis of motivation
E)All of these

Question 61

Which is the importance of leadership?

A)To maintain disciple
B)Build good environment
C)High employee morale
D)Employee satisfaction
E)All of these

Question 62

Which is the type of project?

A)Replacement projects
B)Expansion projects
C)Diversification projects
D)Research and development projects
E)All of these

Question 63

Which is a project?

A)Service project
B)Welfare project
C)Transport project
D)Small scale project
E)All of these

Question 64

Which is the service project?

A)Welfare programmes
B)Service programmes
C)R&D programmes
D)Academic programmes
E)All of these

Question 65

PERT stands for _______________________________

A)Programme evaluation and review technique
B)Post edge raw team
C)Population evaluation and roll team
D)Product evaluation and roll tax
E)All of these

Question 66

Which is the preliminary preparation stage of new units?

A)Selection of business
B)Risk
C)Know about govt. policy
D)Employees
E)All of these

Question 67

Which is the preliminary preparation stage of new units?

A)Selection of business
B)Risk
C)Determining the size
D)Selection of a form of business
E)All of these

Question 68

Which is the planning stage of a new project?

A)Project planning
B)Marketing planning
C)Production planning
D)Financial planning
E)All of these

Question 69

Which is the element of entrepreneurial behavior?

A)Calculate risk
B)Resourcefulness
C)Profit orientation
D)Optimism
E)All of these

Question 70

Which is a type of creativity?

A)Normative creativity
B)Exploratory creativity
C)Creativity by serendipity
D)All of these
E)None of these

Question 71

Which of the element of the creative organization?

A)Idea person
B)Open communication
C)Ad hoc devices
D)Decentralized
E)All of these

Question 72

An identification of creativity is based on _____________________________

A)Advance thinking
B)Re-explanation
C)Power of co-ordination
D)Originality
E)All of these

Question 73

Which is the essential trail of creativity in entrepreneurship?

A)Develop an acceptance of change
B)Encourage new ideas
C)Permit more interaction
D)Tolerance failure
E)All of these

Question 74

Which is the major hurdle in creative behavior?

A)Prejudice
B)Fear of failure
C)Fear of ridicule
D)Job insecurity
E)All of these