Unit - 4

Which of the following is NOT a crucial step in transforming an idea into a reality?

• Market research

• Funding the venture

• Procrastinating on the idea

• Developing a business plan

----------- determines the resource requirements of the project.

• Network analysis

• Input analysis

• Financial analysis

• Project appraisal

Which of the following statements best describes a feasible entrepreneurial project?

• There is a clear market demand, a viable production plan, and realistic financial projections

• The idea is innovative but lacks a clear market need

• The financial projections show high profits but unrealistic costs

• The entrepreneur has passion for the idea but limited technical expertise

Which of the following statements about a project report is MOST accurate?

• It is a static document that does not need to be updated.

• It is only necessary for very large and complex ventures.
  

• It should be constantly revised as the business plan evolves.

• It should be kept confidential and not shared with anyone.

The process of identifying a problem or opportunity and creating a solution is called:

• Market validation

• Ideation

• Project appraisal

• Financial planning

Projects based on the scale of operation are classified as:

• Public vs. Private

• Large, Medium, Small

• Manufacturing vs. Service

• Profit-driven vs. Social

You're developing a new mobile app to help people learn a language. This project would likely be classified as which of the following based on its purpose?

• Operational

• Strategic

• Maintenance

• Research and Development

----------- is concerned with identification of demand potential of a project and selection of optimal technology.

• Feasibility analysis

• Techno-economic analysis

• Project design

• Network analysis

Social profitability of the project is measured in ---------

• Cost- benefit analysis

• Input analysis

• Financial analysis

• Technical analysis

Which of the following is the PRIMARY goal of project identification in entrepreneurship?

• To secure funding for a business idea

• To identify a business opportunity with high potential

• To develop a detailed business plan

• To define the legal structure of the company