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PUE - Entrepreneurship

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

Which of the following is/are a basic characteristic of an entrepreneur? (Select multiple options if necessary)

a)

Innovative

b)

Risk Taker

c)

Bossy

d)

laid back attitute

2.

Which one is NOT a disadvantage of Entrepreneurship?

a)

Risky

b)

Uncertain Income

c)

You are the Boss of your own organisation

d)

Long work hours

3.

What type of entrepreneurial business actually produce the products they sell?

a)

Manufacturing

b)

Retailing

c)

Whole-selling

d)

Service

4.

Which of the following is NOT a step in PRODUCT DEVELOPMENT CYCLE?

a)

Idea Screening

b)

Market Entry/ Commercialization

c)

Concept Testing and development

d)

Product Enhancement

5.

..................................... is one who prefers to follows the traditional methods of production and approach to the market.

a)

Imitative Entrepreneur

b)

Innovative Entrepreneur

c)

Fabian Entrepreneur

d)

Drone Entrepreneur

6.

Which of the following is NOT a method of new idea generation?

a)

Brainstorming

b)

Focus Group

c)

Telecasting

d)

Business Inventory Analysis

7.

(a)   is a formal statement of a set of business goals the reasons why they are believed attainable, and the plan for reaching those goals.

8.

.............................is the backbone when deciding whether or not to proceed with a plan, to tell if there is a business worth pursuing.

a)

Feasibility analysis

b)

quality assessment

c)

Raw material acquisition strategy

d)

Exit plan

9.

An entrepreneur can acquire business finances from:

(Select multiple options if necessary)

a)

Relatives

b)

Banks and Financial Institutions

c)

Public offerings

d)

IPO

10.

The case when one company takes over another and establishes itself as the new owner of the business, is called

a)

Merger

b)

Joint venture

c)

Acquisition

d)

Franchising

11.

E-commerce refers to a wide range of online business activities for products and services. It involves parties interacting electronically. Types of E-Commerce models are:

(Select multiple options if necessary)

a)

B2C

b)

E2C

c)

P2P

d)

B2G

12.

The full-form of SIDBI:

a)

SMALL INSTITUTION DIRECTIVE BOARD OF INDIA

b)

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

c)

SMALL INDIAN DIRECTIVE BOARD OF INDIA

d)

SMALL INDUSTRIES DEVELOPMENT BOARD OF INDIA

13.

................................. is the practice of beginning and developing new business ventures within the structure of an existing organization.

a)

Management

b)

Entrepreneurship

c)

Production control

d)

Intrapreneurship

14.

Which of the following can be termed as Financial statements of a business?

(Select multiple options if necessary)

a)

Ratio Analysis

b)

Cash flow statement

c)

Balance Sheet

d)

Income Statement

15.

Market planning process includes:

(Select multiple options if necessary)

a)

Corporate objectives

b)

Marketing Audit

c)

Market Strategy development

d)

Marketing Budget

16.

(a)   helps an entrepreneur keep track of business transactions, aid in the filing of taxes, compile final accounts and act as a future reference.

17.

Which of the following is NOT a function of DISTRICT INDUSTRIES CENTERS (DIC)

a)

To prepare and keep model project profiles for reference of the entrepreneurs.

b)

To provide guidance for appropriate loan amount and documentation.

c)

To expand the channel for marketing the products of SSI sector in domestic and international markets.

d)

To help the specialized training organizations to conduct Entrepreneur development programmes.

18.

What is "a group of workers who do the same or similar work, who meet regularly to identify, analyze and solve work-related problems, consisting of minimum three and maximum twelve members in number" called?

a)

Quality Circles

b)

Focus Groups

c)

Brainstormers

d)

Associate Advisors

19.

In 1988 definition of women entrepreneurship came into existence by GOI, an enterprise owned and controlled by a women having a minimum financial interest of ........... of the capital and giving at least .......... of the employment generated by women.

a)

50%

b)

51%

c)

60%

d)

71%

20.

When you are an Entrepreneur you need to have:

(Select multiple options if necessary)

a)

Strategic Competency

b)

Relationship Competency

c)

Organisational Competency

d)

Conceptual Competency