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Entrepreneurship & E-Business Pretest

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Why should an entrepreneur do a feasibility study for starting a new venture:

a)

To identify possible sources of funds

b)

To see if there are possible barriers to success

c)

To estimate the expected sales

d)

To explore potential customers

2.

An individual who initiates, creates and manages a new business can be called _____________.

a)

A leader

b)

A manager

c)

A professional

d)

An entrepreneur

3.

Seed capital assistance is ___________.

a)

A long-term assistance.

b)

A help for the purchase of seeds.

c)

Initial assistance

d)

A short-term assistance

4.

_____________ is a graphical representation of the various activity and event relating to a project.

a)

Network

b)

Scheduling technique.

c)

Logical Model.

d)

Network Diagram

5.

The time period between placing an order its receipt in stock is known as:

a)

Lead time

b)

Carrying time

c)

Shortage time

d)

Over time

6.

Which of the following is a financial asset?

a)

Inventories

b)

Accounts receivable

c)

Equipment

d)

Loan to an associate

7.

Person who works within an organization and having entrepreneurial capabilities is:

a)

entrepreneur

b)

intrapreneur

c)

manager

d)

chief executive.

8.

----- reviews and approves the guidelines for running a  corporation,  known as corporate governance policies.

a)

The investors

b)

The shareholders

c)

The board of directors

d)

The management team

9.

As the venture gets established and growing, ---- experience is very improtant.

a)

Technical

b)

Financial

c)

Managerial

d)

Marketing

10.

Which of the following is not a personal characteristic often found in entrepreneurs?

a)

Self-Confident 

b)

Independent-minded

c)

Follower

d)

Perceptive

11.

Minimum number of members for formation of Public Limited Company is

a)

56

b)

6

c)

7

d)

8

12.

In starting or buying a new business, the higher the rewards, the

a)

risk is then minimized

b)

greater the risk 

c)

greater the size of a business 

d)

less satsfaction

13.

______ is also referred to as the game plan or road map in business.

a)

Market Plan

b)

Venture report

c)

Business Plan

d)

Legal document

14.

The primary source of financing during the early years of e-commerce was ______________.

a)

bank loans

b)

large retail firms

c)

venture capital funds

d)

initial public offerings

15.

The largest component of a Web site budget is ______________.

a)

system maintenance

b)

system development

c)

content design and development

d)

telecommunications

16.

---- were the first to establish prominent E-commerce brands.

a)

bazzar.com

b)

e-bay and Amazon

c)

e-trade.com

d)

olx

17.

Why would a merchant want to customize products?

a)

To charge a higher price

b)

To decrease costs

c)

It is required in EC

d)

Customers will only accept customized products

18.

All of the following are reasons more people don't shop online except ______________.

a)

lack of trust in online merchants

b)

lack of convenience

c)

inability to touch and feel the product

d)

fear of misuse of personal information

19.

Companies having physical stores as primary retail channel, but also have introduced online offerings are called _____

a)

Virtual merchants

b)

Catalog merchants

c)

Bricks and clicks

d)

Manufacturer-direct

20.

OLX is an example of --- type of e-commerce.

a)

C2B

b)

B2C

c)

C2C

d)

B2B