Question No: 1 ( Marks: 1 ) - Please choose one
Which of the following has not yet been empirically established as a distinguishing characteristic of entrepreneurs?
► Locus of control
► Feeling about independence
► Need for achievement
► Risk taking
Question No: 2 ( Marks: 1 ) - Please choose one
The level at which an individual is viewed by society is called:
► Financial status
► Qualification
► Social status
► Achievement
Question No: 3 ( Marks: 1 ) - Please choose one
Which one of the following is a business arrangement in which someone else is allowed to use something of the company?
► Patent
► Trade mark
► Copy right
► Licensing
Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following method entrepreneur can use to do international business with least risk?
► Turnkey projects
► Joint venture
► Merger
► Synergy
Question No: 5 ( Marks: 1 ) - Please choose one
A company dealing in beer has a merger with cigarettes manufacturing firm. This merger is called:
► Horizontal merger
► Product extension merger
► Market extension merger
► Vertical merger
Question No: 6 ( Marks: 1 ) - Please choose one
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
► Existing products and services
► Distribution channels
► Federal government
► Consumers
Question No: 7 ( Marks: 1 ) - Please choose one
Members of distribution channels are excellent sources for new ideas because:
► They are familiar with the needs of the market
► They earn a handsome profit from new business
► They do not bother if entrepreneur bears a loss
► They have well-developed sales force
Question No: 8 ( Marks: 1 ) - Please choose one
Which one of the following is the most important characteristic of a successful business websit?
► Speed
► Innovation
► Graphics
► Products
Question No: 9 ( Marks: 1 ) - Please choose one
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?
► Idea Stage
► Product Planning Stage
► Product Development Stage
► Test Marketing Stage
Question No: 10 ( Marks: 1 ) - Please choose one
According to the governing bodies of common laws, the life of trade secret is:
► 12 years
► 17 years
► 20 years
► As long as it remains confidential
Question No: 11 ( Marks: 1 ) - Please choose one
SBA stands for:
► Small business accountants
► Small business administration
► Small business adequacy
► Small business advisors
Question No: 12 ( Marks: 1 ) - Please choose one
Why should an entrepreneur do a feasibility study for starting a new venture?
► To see if there are possible barriers to success
► To identify possible sources of funds
► To estimate the expected sales
► To explore potential customers
Question No: 13 ( Marks: 1 ) - Please choose one
Information regarding all of the following is related to operations, EXCEPT:
► Location
► Promotion
► Raw materials
► Labor skills
Question No: 14 ( Marks: 1 ) - Please choose one
Which one of the following guide the firm through the long term decision making?
► Mission statement
► Product forecast
► Industry analysis
► None of the given options
Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following is included in the description of the business?
► Location
► Products offered
► History
► All of the given options
Question No: 16 ( Marks: 1 ) - Please choose one
For which of the following copy right acquisition is desirable?
► Songs
► Poems
► Models
► All of the given options
Question No: 17 ( Marks: 1 ) - Please choose one
Which of the following is TRUE for Disclosure Document?
► It gives recognition that he was the inventor of the idea in past
► It gives recognition that he is the first the inventor of the idea
► It gives recognition that he will be the invent an idea in future
► It gives recognition that he wants to copy the idea
Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is aidea generation method that focuses on parameters?
► Brainstorming
► Reverse brainstorming
► Creative problem solving
► Synectics
Question No: 19 ( Marks: 1 ) - Please choose one
The transitional disturbance and lack of reform has led to a booming black market in:
► China
► Hungary
► Singapore
► Poland
Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following geographical area is of least interest to U.S entrepreneurs?
► Europe
► The Far East
► Central Asia
► Transition economies
Question No: 21 ( Marks: 1 ) - Please choose one
Which one of the following gives suggestions for new product and also help to market new products?
► Existing products and services
► Distribution channels (Doubted)
► Federal government
► Consumers
Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
► Merger
► Joint venture
► Minority interest
► Majority interest
Question No: 23 ( Marks: 1 ) - Please choose one
GATT is established in 1947, under:
► German leadership
► French leadership
► U.S. leadership
► U.K. leadership
Question No: 24 ( Marks: 1 ) - Please choose one
The entrepreneur was distinguished from capital provider in:
► Middle ages
► 18th century
► 17th century
► 19th and 20th century
Question No: 25 ( Marks: 1 ) - Please choose one
A person who managed large project was termed as the entrepreneur in the _________.
► Earliest period
► Middle ages
► 17th century
► 19th and 20th century
Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following factor is most important in forming a new business?
► Finance (doubted)
► Marketing
► Government support
► Family support
Question No: 27 ( Marks: 1 ) - Please choose one
What is the process by which individuals pursue opportunities without regard to resources they currently control?
► Startup management
► Entrepreneurship
► Financial analysis
► Feasibility planning
Question No: 28 ( Marks: 1 ) - Please choose one
Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?
► New business model
► Anatomization
► Creative destruction
► None of the given options
Question No: 29 ( Marks: 1 ) - Please choose one
Which of the following shows the process of creating something new?
► Business model
► Modeling
► Innovation
► Creative flexibility
Question No: 30 ( Marks: 1 ) - Please choose one
Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?
► Entrepreneurship
► Hyper competition
► Governmental laws
► Organizational culture
Question No: 31 ( Marks: 1 ) - Please choose one
In the administrative domain, the commitment of resources is for which of the following?
► Periodic intervals
► Total amount needed
► For certain tasks
► For long time
Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following is alternatively called corporate venturing?
► Entrepreneurship
► Intrapreneurship
► Act of stating a new venture
► Offering new products by an existing company
Question No: 33 ( Marks: 1 ) - Please choose one
Which is the most common cause of business failure?
► Insufficient capital
► Unstable market
► Insufficient experience
► Poor entrepreneurship
Answer Requested
Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following areas are preferred by women entrepreneurs?
► Administration
► Utilities
► Manufacturing
► None of the above
Question No: 35 ( Marks: 1 ) - Please choose one
Degree of influence and control on other people is called:
► Locus of control
► Locomotion of control
► Locust of control
► Loss of control
Question No: 36 ( Marks: 1 ) - Please choose one
Individuals influencing an entrepreneur’s career choice and style are known as which of the following?
► Role model
► Moral-support network
► Professional support network
► Support system
Question No: 37 ( Marks: 1 ) - Please choose one
The activity which occurs when the new venture is started is called:
► Motivation
► Business skills
► Departure point
► Goal orientation
Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following has not yet been empirically established as a distinguishing characteristic of entrepreneurs?
► Locus of control
► Feeling about independence
► Need for achievement
► Risk taking
Question No: 2 ( Marks: 1 ) - Please choose one
The level at which an individual is viewed by society is called:
► Financial status
► Qualification
► Social status
► Achievement
Question No: 3 ( Marks: 1 ) - Please choose one
Which one of the following is a business arrangement in which someone else is allowed to use something of the company?
► Patent
► Trade mark
► Copy right
► Licensing
Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following method entrepreneur can use to do international business with least risk?
► Turnkey projects
► Joint venture
► Merger
► Synergy
Question No: 5 ( Marks: 1 ) - Please choose one
A company dealing in beer has a merger with cigarettes manufacturing firm. This merger is called:
► Horizontal merger
► Product extension merger
► Market extension merger
► Vertical merger
Question No: 6 ( Marks: 1 ) - Please choose one
Which one of the following is an important source of idea generation due to their familiarity with the needs of market?
► Existing products and services
► Distribution channels
► Federal government
► Consumers
Question No: 7 ( Marks: 1 ) - Please choose one
Members of distribution channels are excellent sources for new ideas because:
► They are familiar with the needs of the market
► They earn a handsome profit from new business
► They do not bother if entrepreneur bears a loss
► They have well-developed sales force
Question No: 8 ( Marks: 1 ) - Please choose one
Which one of the following is the most important characteristic of a successful business websit?
► Speed
► Innovation
► Graphics
► Products
Question No: 9 ( Marks: 1 ) - Please choose one
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?
► Idea Stage
► Product Planning Stage
► Product Development Stage
► Test Marketing Stage
Question No: 10 ( Marks: 1 ) - Please choose one
According to the governing bodies of common laws, the life of trade secret is:
► 12 years
► 17 years
► 20 years
► As long as it remains confidential
Question No: 11 ( Marks: 1 ) - Please choose one
SBA stands for:
► Small business accountants
► Small business administration
► Small business adequacy
► Small business advisors
Question No: 12 ( Marks: 1 ) - Please choose one
Why should an entrepreneur do a feasibility study for starting a new venture?
► To see if there are possible barriers to success
► To identify possible sources of funds
► To estimate the expected sales
► To explore potential customers
Question No: 13 ( Marks: 1 ) - Please choose one
Information regarding all of the following is related to operations, EXCEPT:
► Location
► Promotion
► Raw materials
► Labor skills
Question No: 14 ( Marks: 1 ) - Please choose one
Which one of the following guide the firm through the long term decision making?
► Mission statement
► Product forecast
► Industry analysis
► None of the given options
Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following is included in the description of the business?
► Location
► Products offered
► History
► All of the given options
Question No: 16 ( Marks: 1 ) - Please choose one
For which of the following copy right acquisition is desirable?
► Songs
► Poems
► Models
► All of the given options
Question No: 17 ( Marks: 1 ) - Please choose one
Which of the following is TRUE for Disclosure Document?
► It gives recognition that he was the inventor of the idea in past
► It gives recognition that he is the first the inventor of the idea
► It gives recognition that he will be the invent an idea in future
► It gives recognition that he wants to copy the idea
Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is aidea generation method that focuses on parameters?
► Brainstorming
► Reverse brainstorming
► Creative problem solving
► Synectics
Question No: 19 ( Marks: 1 ) - Please choose one
The transitional disturbance and lack of reform has led to a booming black market in:
► China
► Hungary
► Singapore
► Poland
Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following geographical area is of least interest to U.S entrepreneurs?
► Europe
► The Far East
► Central Asia
► Transition economies
Question No: 21 ( Marks: 1 ) - Please choose one
Which one of the following gives suggestions for new product and also help to market new products?
► Existing products and services
► Distribution channels (Doubted)
► Federal government
► Consumers
Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?
► Merger
► Joint venture
► Minority interest
► Majority interest
Question No: 23 ( Marks: 1 ) - Please choose one
GATT is established in 1947, under:
► German leadership
► French leadership
► U.S. leadership
► U.K. leadership
Question No: 24 ( Marks: 1 ) - Please choose one
The entrepreneur was distinguished from capital provider in:
► Middle ages
► 18th century
► 17th century
► 19th and 20th century
Question No: 25 ( Marks: 1 ) - Please choose one
A person who managed large project was termed as the entrepreneur in the _________.
► Earliest period
► Middle ages
► 17th century
► 19th and 20th century
Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following factor is most important in forming a new business?
► Finance (doubted)
► Marketing
► Government support
► Family support
Question No: 27 ( Marks: 1 ) - Please choose one
What is the process by which individuals pursue opportunities without regard to resources they currently control?
► Startup management
► Entrepreneurship
► Financial analysis
► Feasibility planning
Question No: 28 ( Marks: 1 ) - Please choose one
Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?
► New business model
► Anatomization
► Creative destruction
► None of the given options
Question No: 29 ( Marks: 1 ) - Please choose one
Which of the following shows the process of creating something new?
► Business model
► Modeling
► Innovation
► Creative flexibility
Question No: 30 ( Marks: 1 ) - Please choose one
Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?
► Entrepreneurship
► Hyper competition
► Governmental laws
► Organizational culture
Question No: 31 ( Marks: 1 ) - Please choose one
In the administrative domain, the commitment of resources is for which of the following?
► Periodic intervals
► Total amount needed
► For certain tasks
► For long time
Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following is alternatively called corporate venturing?
► Entrepreneurship
► Intrapreneurship
► Act of stating a new venture
► Offering new products by an existing company
Question No: 33 ( Marks: 1 ) - Please choose one
Which is the most common cause of business failure?
► Insufficient capital
► Unstable market
► Insufficient experience
► Poor entrepreneurship
Answer Requested
Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following areas are preferred by women entrepreneurs?
► Administration
► Utilities
► Manufacturing
► None of the above
Question No: 35 ( Marks: 1 ) - Please choose one
Degree of influence and control on other people is called:
► Locus of control
► Locomotion of control
► Locust of control
► Loss of control
Question No: 36 ( Marks: 1 ) - Please choose one
Individuals influencing an entrepreneur’s career choice and style are known as which of the following?
► Role model
► Moral-support network
► Professional support network
► Support system
Question No: 37 ( Marks: 1 ) - Please choose one
The activity which occurs when the new venture is started is called:
► Motivation
► Business skills
► Departure point
► Goal orientation
Question No: 38 ( Marks: 1 ) - Please choose one
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