mng_2_pdf_quiz_by_mayank

Who is an entrepreneur?

• A manager

• A leader

• A professional

• An individual who starts, creates, and manages a new business

Entrepreneurship is best defined as:

• The process of buying and selling goods

• The act of managing a team

• The willingness and ability to establish, organize, and manage a business venture along with any of its risks to make a profit

• The process of hiring employees

Which of the following is a factor affecting entrepreneurship?

• Economic environment

• Social environment

• Political environment

• All of the above

Fiscal and monetary measures to stimulate investment in private & public sectors include:

• Lowering the rate of interest

• Tax reduction & public expenditure

• Price policy & abolition of monopoly

• All of these

Entrepreneurship contributes to economic development by:

• Generating employment

• Promoting innovation

• Enhancing GDP

• All of the above

Which of the following is NOT a characteristic of entrepreneurship?

• Risk-taking

• Innovation

• Routine management

• Proactiveness

Which of the following is a key trait of a successful entrepreneur?

• Risk aversion

• Dependence

• Proactiveness

• Indecisiveness

An entrepreneur's ability to take calculated risks is known as:

• Risk aversion

• Risk management

• Risk-taking propensity

• Risk ignorance

An entrepreneur who starts a business with the help of natural talent is called:

• Pure entrepreneur

• Included entrepreneur

• Spontaneous entrepreneur

• Motivated entrepreneur

Microsoft by Bill Gates is an example of which type of entrepreneurship?

• Innovative

• Agricultural

• Social

• Joint