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Entrepreneurship Development

Total questions: 17

Worksheet time: 9mins

Name
Class
Date
1.

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

a)

agricultural

b)

social

c)

joint

d)

innovative

2.

In which of the following types, does the entrepreneur work as a middle man?

a)

Joint

b)

private

c)

social

d)

trading

3.

At the time of winding up, equity shareholders are giving preference in releasing their funds.

a)

True

b)

False

4.

Which is a characteristic of a successful entrepreneur?

a)

Motivated

b)

Takes very little risk

c)

Passionate

d)

Hard-working

5.

venture capital is not just about money

a)

it also provides high returns on investment

b)

it ensures bank secrecy

c)

it provides companies and entrepreneurs with technical and managerial advice

d)

it allows the venture capitalist to have a say in the company decisions as investors get equity in the company

6.

The entrepreneur was distinguished from capital provider in:

a)

a) Middle ages

b)

b) 17th century

c)

c) 18th century

d)

d) 19th and 20th century

7.

Q3. A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as:

a)

a) Ecopreneur

b)

b) Technopreneur

c)

c) Intrapreneur

d)

d) Social Entrepreneur

8.

Which of the following is not a principle of business idea creation?

a)

Customer need

b)

Entrepreneur’s own interest or talent

c)

Innovative

d)

None of these

9.
Which of the following statements is true about Debt? 
a)
Debt is the amount of money you have in your checking account.
b)
Debt is the amount of money you have borrowed from a person or a business.
c)
Debt is the ability to borrow money.
d)
Debt is the amount of money you have in a savings account. 
10.

Which of the following is not a part of Financial Planning?

a)

Cash Flow Statement

b)

Profit and Loss Account

c)

Debit Credit list

d)

Balance Sheet

11.

Which of the following is the reason for business failure __________.

a)

Lack of market research.

b)

Poor financial control.

c)

Poor management.

d)

All the above.

12.
The act of assuming the risk of organizing productive resources to produce goods and services.
a)
business
b)
critical thinking
c)
entrepreneurship
d)
risk management
13.

Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process:

a)

a) Idea Stage

b)

b) Product Planning Stage

c)

c) Product Development Stage

d)

d) Test Marketing Stage

14.

Management is________________.

a)

an art

b)

a science

c)

an art and a science

d)

an art not science

15.

State the following facts are true or false:

1. Entrepreneurs can create jobs in the market.

2. When many entrepreneurs sell mobile phones in a market, the prices of phones increase.

a)

1. True

2. False

b)

1. False

2. True

c)

1. False

2. False

d)

1. True

2. True

16.

Who among these are not your key business partners?

a)

Government

b)

Public or Prtivate Bank

c)

Customer

d)

Raw material supplier

17.

3. Which could provide an individual with the motivation to start a new business venture?

a)

A. The financial rewards.

b)

B. A desire to be independent.

c)

C. Risk-taking

d)

D. All the above.