WorksheetsIst Sessional Test B.Voc Anand 2nd Sem - ED - May 2020
Total questions: 50
Worksheet time: 38mins
Name
Class
Date
1.
The ability to learn a particular kind of job :
a)
Aptitude
b)
Employee
c)
Entrepreneurship
d)
Entrepreneur
2.
Which of the following is not a common trait of an entrepreneur?
a)
Risk-taker
b)
Organized
c)
Creative
d)
Irresponsible
3.
Which part of the business plan includes the 4 P’s i.e. Place, Product, Production and Price?
a)
Market research/analysis
b)
History
c)
Table of contents
d)
Contact information
4.
This part of a business plan shows the knowledge of the industry and includes statistics on marketing data for the companies products/services, and evaluates competition
a)
Executive summary
b)
Market analysis
c)
Company description
d)
Strategy
5.
Which of the following organization established under the direction of SIDO:
a)
NISIET
b)
IEM
c)
PSSI
d)
NRI
6.
The business plan would normally be updated :
a)
Every day
b)
A month after the business
c)
Once a business adjust its aims/objectives
d)
Never - It stays the same in its original form
7.
Why do you need a business plan?
a)
The ability to get financing
b)
It's a road map that sets objective and goals for the business
c)
To help reduce the risk of business failure
d)
All of the above
8.
Which one is not an Advantage of Entrepreneurship?
a)
Can choose a business of interest
b)
You can be creative
c)
Make a lot of money
d)
You will make decision alone
9.
The first stage of preparing a business plan is :
a)
Idea creation
b)
Environmental scanning
c)
Preliminary investigation
d)
None of the above
10.
An individual who starts, creates & manages a new business can be called ___________ .
a)
A leader
b)
A manager
c)
An entrepreneur
d)
A professional
11.
Trademarks related to :-
a)
Practice & knowledge acquiring through knowledge
b)
Brand identity
c)
The protection of proprietary information of commercial value
d)
The right of reproduce one's own original work
12.
Business risks can be ___________ .
a)
Avoided
b)
Erased
c)
Ignored
d)
Reduced
13.
____________ can be defined as a specifically evolved work plan densed to achieve a specific objective within a specific period of time.
a)
Idea generation
b)
Opportunity scanning
c)
Project
d)
Strategy
14.
S.W.O.T. analysis is a __________ tool.
a)
Conceptual
b)
Scientific
c)
Modern
d)
Traditional
15.
The definition of Entrepreneurship holds the promise of __________ .
a)
Financial difficulties & hardship
b)
Limited expansion
c)
Growth, unlimited expansion & long term financial gain
d)
Growth, expansion & long term financial gain
16.
A person who gave you money without interest is called _________ .
a)
Love money
b)
Angels money
c)
Business incubators
d)
Government grant & subsidies
17.
Which one of the following is not an Entrepreneurial Skills:
a)
Business skills
b)
Art skills
c)
Mathematical skills
d)
Communication skills
18.
Porter's five forces model assesses industry attractiveness by surveying these five factors ________.
a)
potential entrants, suppliers, buyers, substitutes, and rivalry among existing firms
b)
potential entrants, suppliers, buyers, similar products, and rivalry among existing firms
c)
potential entrants, suppliers, raw materials, substitutes, and rivalry among existing firms
d)
potential entrants, competitors, buyers, substitutes, and rivalry among existing firms
19.
In general, industries are more attractive when the ______________ .
a)
Majority of the threats are low
b)
Threat of each of the forces is neutral - neither low nor high
c)
Threat of each of the five forces is high
d)
Threat of each of the five forces is low
20.
Supplier concentration, switching costs, attractiveness of substitutes, and threat of the forward integration are factors that have a direct impact on _________ .
a)
Bargaining power of buyer
b)
Rivalry among existing firms
c)
Threat of substitutes
d)
Bargaining power of suppliers
21.
Each quarter, Craig Anderson, who owns a chain of auto repair shops, does a detailed analysis of his firm's competitors. This analysis is called ________ analysis.
a)
Strategic
b)
Competitor
c)
Challenger
d)
Participant
22.
A good advice to follow in customer surveys is ________.
a)
Keep them short
b)
Be as detailed as possible
c)
You've got them hooked, get all you can from them
d)
All of the above
23.
In a small Indian village, 60% people have a habit of eating vegetarian food. In the same village, 40% people have a habit of eating non-vegetarian food like fish, lamb etc. In that village, If a person has opened a shop in which he sells vegetarian as well as non-vegetarian food, what kind of people will be most attracted to the food that they usually eats?
a)
Vegetarian
b)
Non-vegetarian
c)
Both vegetarian and non-vegetarian
d)
None of the above
24.
Every entrepreneur should draw an _________ for his project to ensure the timely completion of all activities involved in setting up an enterprise.
a)
Cost structure
b)
Implementation plan
c)
Market structure
d)
Production structure
25.
Today, many companies are using managerial techniques that are designed to encourage __________ .
a)
Increase profit
b)
Legal companies
c)
Ethical behaviour
d)
Shareholder value
26.
Underestimation of project cost leads to _________ .
a)
Time under run
b)
Cost under run
c)
Time over run
d)
Cost over run
27.
Idea of a new product is tested in potential consumers to determine consumer acceptance at _________ stage.
a)
Concept
b)
Product development
c)
Test marketing
d)
Commercialization
28.
Which industry sector promotes small - scale business & entrepreneurship, and has lower barriers to market entry?
a)
Service
b)
Manufacturing
c)
Distribution
d)
Agriculture
29.
Which of Porter's five forces is most closely associated with the concept "barrier to entry"?
a)
Rivalry among existing firms
b)
Threat of new entrants
c)
Bargaining power of buyers
d)
Threats of substitutes
30.
How a company will make the customer aware of its products/services
a)
Industry overview
b)
Marketing plan
c)
Product and service plan
d)
Growth plan
31.
Which of the following would not be interested in seeing the business plan of a new company?
a)
Potential investors
b)
The owners of the company
c)
Customers
d)
Banks/potential lenders
32.
An analysis of the business advantage over its competitors
a)
Growth plan
b)
Competitive analysis
c)
Contingency plan
d)
Market analysis
33.
The marketing mix includes:
a)
Product, price, promotion, place
b)
Product, production, place, promotion
c)
Product, price, premiums, production
d)
None of the above
34.
Demand-based pricing is determined
a)
By using the wholesale cost of an item as the basis for the priced charged
b)
By how much the consumer is willing to pay for a product or service
c)
By what competitors are charging for the same good
d)
None of the above
35.
What is a target audience?
a)
The people the business does not want to sell to
b)
The people the business want to work for them
c)
The people the business want to sell to
d)
None of the above
36.
When demand goes up, price...?
a)
Goes down
b)
Goes up
c)
varies according to the residential of the people around
d)
Stays stable
37.
What is the order in Channel of distribution.
a)
Producer -------------------> Consumer
b)
Producer-------------> Retailer ---------------> Consumer
c)
Producer-----------> Wholesaler---------------> Retailer -----------> Consumer
d)
Producer-------->Agent--------->Wholesaler-------->Retailer--------> Consumer
38.
Someone who buys from the producer and breaks bulk is a ____________ .
a)
Retailer
b)
Consumer
c)
Wholesaler
d)
Agent
39.
What ends all channels?
a)
Consumer
b)
Retailer
c)
Wholesaler
d)
None of the above
40.
Which is the most effective type of advertising media for a sport product?
a)
T.V.
b)
Radio
c)
Sports events
d)
Internet
41.
Which of the following is a characteristics of entrepreneur
a)
Pessimistic
b)
Flexible
c)
Annoyance
d)
Fraudulent
42.
Emotional Intelligence is to:
a)
Manage own emotions
b)
Have social awareness
c)
Develop relationships
d)
All of the above
43.
Which of the following is not included in the structure of Entrepreneurial Development:
a)
Environment
b)
Society
c)
Task
d)
Organization
44.
Emotional intelligence is something that develops as we get _________________.
a)
Older
b)
Smarter
c)
More college degrees
d)
All of the above
45.
Which of the following is the most suitable reason for using personal finance?
a)
Insufficient internal source of finance
b)
Insufficient external source of finance
c)
There is no interest obligation
d)
To please the owners (shareholders) of a company
46.
Which of the following is the least likely source of funds for a non-profit organization?
a)
Brand recognition
b)
Fund-raising events
c)
Charitable donations
d)
Sponsorship deals
47.
A financer who provide technical support to the entrepreneur is known as .........
a)
Angels money
b)
Business incubators
c)
Love money
d)
Venture capital
48.
Government grants are generally offered to business in .......
a)
Properous areas
b)
Economically deprived areas
c)
Areas with high employment
d)
Cold areas
49.
Venture capital is invested in ........
a)
Large stage and bigger firms
b)
Early stage firms with short-term growth potential
c)
Early stage firms which do not plan for growth
d)
Early stage firms with long-term growth potential
50.
What should the aspect of the company description include?
a)
Diagram, photographs
b)
Vision and mission statement
c)
Back up description of the target market, why your idea will be successful and capture the market and why the opportunity is present
d)
All of the above
100 %
