Entrepreneurship MCQ PART 4

 

61. . __________________ is the systematic development of a project idea for the eventual purpose of arriving at an investment decision.

A. Project identification.

B. Project formulation.

C. Project feasibility.

D. Project evaluation.

ANSWER: B

62. The process of preparing an inventory of skills needed for effective implementation of the project is called as ____________.

A. Economic viability.

B. Financial feasibility.

C. Technical feasibility.

D. Managerial competence.

ANSWER: D

63. _________________ implies the availability or otherwise of plant and machinery and technical know how to produce the product.

A. Economic viability.

B. Financial feasibility.

C. Technical feasibility.

D. Managerial competence

ANSWER: C

64. CPM stands for____________.

A. Continuous Path Method.

B. Clear Path Method.

C. Critical Path Method.

D. Critical Probabilistic Method.

ANSWER: C

65. _______________ is granted to small scale units under section 33B of the Income tax act, 1961.

A. Depreciation Allowance.

B. Development Debate.

C. Investment Allowance.

D. Rehabilitation Allowance.

ANSWER: D

66. DGTD stands for __________.

A. Directorate General of Technical Development.

B. District General of Technical Development.

C. District General of Taxation Deduction.

D. Directorate General of Taxation Deduction.

ANSWER: A

67. A provisional SSI registration certificate is valid for a period of __________.

A. four Years.

B. three Years.

C. two Years.

D. one year.

ANSWER: D

68. National Alliance of Young Entrepreneurs (NAYE) Sponsored an

Entrepreneurial Development scheme with Bank of India in______________.

A. January 1920.

B. August 1920.

C. January 1972.

D. August 1972.

ANSWER: D

69. Which of the following is not one of the 4 Ms?

A. motivation.

B. management.

C. materials.

D. money.

ANSWER: C

70. Which of the list below does not form Intellectual Property?

A. Trade marks.

B. Patents.

C. Tangible assets.

D. Copyright.

ANSWER: C

71. The 'T' in a PESTLE analysis refers to ___________.

A. Time.

B. Technology.

C. Training.

D. Talent.

ANSWER: B

72. A business arrangement where one party allows another party to use a business Name and sell its products or services is known as__________.

A. A cooperative.

B. A franchise.

C. An owner-manager business.

D. A limited company.

ANSWER: B

73. What is the role of a Business Angel?

A. To provide small business advice.

B. To provide capital for business development in exchange for a stake in the

Business ownership.

C. To set up a franchise business.

D. To assist an entrepreneur to open a lifestyle business.

ANSWER: B

74. A key aspect of the financial section of the business plan is _________.

A. A statement of management skills.

B. A realistic sales forecast.

C. Production capacity.

D. A description of competitors.

ANSWER: B

75. Which one of the following describes unemployment?

A. The number of people who voluntarily choose not to work.

B. The number of people who are jobless and are actively seeking work.

C. The number of people who are not actively seeking work.

D. The number of people actively seeking work who find work.

ANSWER: B

76. Idea of new product is tested in potential consumers to determine consumer acceptance at _________ stage.

A. Concept.

B. Product development.

C. Test marketing.

D. Commercialization.

ANSWER: C

77. Which one of the following is not considered as one of the building blocks of the model entrepreneur?

A. technical skills.

B. management competencies.

C. business awareness.

D. personal attributes.

ANSWER: C

78. Which of the following factors does the macro-environment not include?

A. political and regulatory factors.

B. customer needs in a given market.

C. social and demographic factors.

D. technological changes.

ANSWER: B

79. Which of the following statements is false? Electronic commerce:

A. can allow new ventures to compete on more or less equal terms with large firms.

B. can lead to small businesses having reduced contact with its customers.

C. is rarely used in small businesses.

D. is used in many different industries and markets.

ANSWER: C

80. Strategic entrepreneurial marketing has been summarized as the 4Is: identification of target markets, interactive marketing methods, informal intelligence gathering and what is the fourth?

A. independence.

B. instructiveness.

C. innovation.

D. internet.

ANSWER: C