EDSBM MCQ SET1

Which of the following is NOT a primary objective of entrepreneurship?

• Profit maximization

• Innovation

• Job creation

• Maintaining stability in the market

What is a key aspect of the entrepreneurial process?

• Following traditional business methods

• Managing existing business operations

• Identifying and exploiting new business opportunities

• Limiting competition in the market

Which trait is commonly associated with successful entrepreneurs?

• Risk aversion

• High level of bureaucracy

• Creativity

• Indifference to market trends

Which function does an entrepreneur perform when they seek capital investment for their business?

• Planning

• Organizing

• Financing

• Controlling

Which type of entrepreneur is characterized by their cautious approach and reluctance to adopt new ideas?

• Innovative Entrepreneur

• Imitative Entrepreneur

• Fabian Entrepreneur

• Drone Entrepreneur

Who among the following is an example of a 'social entrepreneur'?

• A tech startup founder

• A philanthropist running a non-profit organization

• A retail business owner

• A corporate executive

Which of the following skills is essential for an entrepreneur to succeed in a competitive market?

• Technical proficiency in a specific field

• Ability to communicate effectively

• Following rigid procedures

• Avoiding risk at all costs

Which skill involves the ability to analyze and understand market trends?

• Financial management

• Strategic thinking

• Leadership

• Negotiation

Which step in the entrepreneurial decision process involves assessing the feasibility of a business idea?

During which stage of the entrepreneurial decision process is a business plan typically developed?