Quiz _ IIEC IISER Berhampur

Which one is NOT a disadvantage of Entrepreneurship?

• Risky

• Uncertain Income

• You are the boss

• Work long hours

Innovation is really not much different from invention.

• False

• True

Brainstorming new ideas with others is:

• A tasking activity

• A creative activity

• An examination

• All of the above

Which one is NOT a step in the problem-solving method?

• Define the problem

• Gather information

• Identify solutions

• Ignore the problem

All are opportunities except

• Wants

• Needs

• Solutions

• Problems & Challenges

To meet the goals, entrepreneur may develop plan such as

• Town Plan

• Building Plan

• Family Plan

• Business Plan

The person who creates value by moving resources out of less productive areas into more productive one is called

• A Magician

• A Business guru

• A Banker

• An entrepreneur

An entrepreneur has the following personal characteristics except:

• Self- confident

• Goal-oriented

• Creative

• Over ambitious

Which of the following statements are most accurate regarding innovation:

• Innovation is an absolute not a relative concept

• Innovation is much more important to small businesses than to large businesses

• Innovation is easy to measure

• Innovation is a relative not an absolute concept

The ability to learn a particular kind of job:

• Entrepreneurship

• Aptitude

• Entrepreneur

• Employee