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NEW VENTURE CREATION-MBA 722

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

BUSINESS IDEA is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money.

a)

TRUE

b)

FALSE

2.

Innovation is the introduction of something new.?

a)

TRUE

b)

FALSE

3.

A detail proposal describing the business idea?

a)

Business Idea

b)

Business Research

c)

Business Plan

d)

Business Framework

4.

One of the importance of business innovation is to increase revenue?

a)

TRUE

b)

FALSE

5.

IDEAS can be found only on Financial Institutions?

a)

TRUE

b)

FALSE

6.

The stage in which the entrepreneur decides in future growth?

a)

DISCOVERY

b)

ACTUALIZATION

c)

RESOURCING

d)

HARVESTING

7.

A mixture of a partnership and corporation?

a)

PARTNERSHIP

b)

LIMITED LIABILITY COMPANY

c)

CORPORATION

d)

NON PROFIT ORGANIZATION

8.

Believe in the impossible is one of the mindset of innovation?

a)

TRUE

b)

FALSE

c)

NOT SURE

9.

Process innovation it makes things possible?

a)

TRUE

b)

FALSE

c)

NOT SURE

d)

BOTH

10.

A small notebook with the problems written down and kept throughout a certain time-period is a Creative Problem Solving Technique called FREE ASSOCIATION

a)

TRUE

b)

FALSE

11.

BRAINSTORMING is a method of generating ideas that obtains new ideas and solutions by focusing on problems.?

a)

TRUE

b)

FALSE

c)

BOTH

d)

NO ANSWER

12.

The Stage in which the entrepreneur generates ideas, recognize opportunities?

a)

HARVESTING

b)

DISCOVERY

c)

HARVESTING

d)

ACTUALIZATION

13.

Innovation should lead to higher profit?

a)

TRUE

b)

FALSE

14.

DISTRIBUTION CHANNELS is a source of new ideas that refers to the ‘People?

a)

TRUE

b)

FALSE

15.

Type of Business that operated for the benefit of the member of the organization?

a)

COOPERATIVE

b)

NON-PROFIT

c)

SOLE PROPRIETORSHIP

d)

CORPORATION