Entrepreneurship and Management Quiz

What is the process of improving the entrepreneurial skills and knowledge of individuals through structured training and programs?

• Entrepreneurship Development

• Business Management

• Innovation Strategy

What are the benefits of entrepreneurship development in terms of job creation?

• Creates new employment opportunities

• Increases government jobs

• Reduces competition

What are the characteristics of an entrepreneur?

• Initiative

• Persistence

• Self-confidence

• Adaptability

What is the difference between an entrepreneur and an intrapreneur?

• Ownership

• Risk

• Freedom

What role do entrepreneurs play in economic development?

• Employment Generation

• Innovation and Technological Development

• Capital Formation

• Wealth Creation

What are the steps to start a venture?

• Legal Framework

• Idea Generation

• Feasibility Study

• Business Plan

• Funding

What legal issues are related to starting and running a business?

• Intellectual Property

• Business Structure

• Taxation

• Employment Laws

• Contracts

What does Supply Chain Management (SCM) refer to?

• Oversight of the flow of goods and services

• Managing suppliers

• Logistics

• Inventory Management

What are the types of retail business?

• Brick-and-Mortar Stores

• E-Commerce

• Omnichannel

What are the benefits of Foreign Direct Investment (FDI)?

• Capital Inflow

• Job Creation

• Technology Transfer