Innovation and Entrepreneur

1. Why do we need to include a financial plan in the business plan?

• A. Demonstrate potential value of company to investors.

• B. Demonstrate health and value of company to credit providers.

• C. Setting a baseline for measuring and monitoring company development.

• D. Planning and ensuring sufficient working capital throughout the firms operations.

• E. All of the above.

2. A situation where there is more demand than supply for the products is known as?

• A. Full demand.

• B. Overfull demand.

• C. Irregular demand.

• D. Latent demand.

• E. Unwholesome demand.

3. Setting mechanisms for information flow and processing, decision making processes, conflict resolution, and risk sharing, are characteristics of which stage of innovation network management?

• A. Set-up stage.

• B. Operating stage.

• C. Sustaining stage.

• D. Closure/exit stage.

• F. None of the above.

4. In terms of chronological age most entrepreneurs initiate their entrepreneurial carrier between ages of

• D. 57 and 63

• C. 45 and 57

• B. 22 and 45

• A. 15 and 22

He is an Indian entrepreneur and angel investor, the founder and CEO of GOQii. Best known as the father of Indian gaming industry.

• A. Vijay Shekhar Sharma

• B. Vishal Gondal

• C. Justin Shriram Keeling

6. Which of the following method entrepreneur can use to do international business with least risk?

• A. Merger

• B. Synergy

• C. Joint venture

• D. Turnkey projects

7. Following are the types of foreign direct investment EXCEPT.

• A. Minority interest

• B. Merger

• C. Management contracts

• D. Joint venture

He is the best known for his telecom venture. An Indian Billionaire, entrepreneur, philanthropist and the founder and chairperson of Bharti Enterprises

• A. Sunil Mittal

• B. Satyanarayan Gangaram Pitroda

• C. Srinath Narasimhan

9. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

• A. Majority Interest

• B. Minority Interest

• C. Joint Venture

• D. Merger

10. How is innovation related to entrepreneurship?