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WorksheetsEntrepreneurship and Product Development (20MS2004) - Lect 3
Total questions: 45
Worksheet time: 23mins
___________ has defined a business plan as, “It’s a document that convincingly demonstrates that your business can sell enough of its product or services to make a satisfactory profit and to be attractive to potential backers.”
Chitra Gupta
Jeff Bezos
David Gumpert
Suchi Mukherjee
The level at which an individual is viewed by society is called ____________.
Social status
Qualification
Financial status
Achievement
Which of these statements best describes the context for entrepreneurship?
Entrepreneurship takes place in small businesses
Entrepreneurship takes place in large businesses
Entrepreneurship takes place in a wide variety of contexts
Entrepreneurship does not take place in social enterprises
Entrepreneurship can best be described as _________.
a process that requires setting up a business.
taking a significant risk in a business context.
having a strong vision.
a process involving innovation, new products or services, and value creation
Entrepreneurial development is the key to achieve all-round ---------------- through
acceleration of industrial and entrepreneurial activities.
economic development
increase in profits
shareholders value
business development
According to sociological approach, entrepreneurship
Process of sensitivity
Process of role performance
Process of economic change
All of the points
Which of the following attitudes Is not generally associated with successful entrepreneurship :
Competition and co-operation
Desire to influence others
Innovation and product improvement
Status quo in business
The function of entrepreneur are:
To imagine a business idea
To study project feasibility
To setup enterprise
All the points
Which of the following sentence is not a characteristic of entrepreneurship:
Risk taking
Innovation
Creative activity
Managerial training
Which of the following sentence is inconsistent in the context of entrepreneur:
He is owner of the business
He is risk taker
He operates production activities
He searches out business opportunities
Maslow’s Hierarchy of needs theory is governed by the fact that:
People are universally motivated by needs
People are socially motivated by needs
People are politically motivated by needs
None of the above
In under developed countries, local mobile phone companies use the same technology used by big companies to manufacture their products. Which of the following type of Entrepreneurs is highlighted above?
Trading Entrepreneurs
Imitative Entrepreneurs
First generation Entrepreneurs
Innovative Entrepreneurs
Entrepreneurial culture and growth orientation consists of all of the following except:
Encouraging employees to generate ideas
Focusing on opportunities
The desire to grow at a slow and controlled pace
Being creative
Intrapreneurship often takes the form of ________________.
A semi-autonomous group (e.g. an internal venture team), operating within the overarching structure of the parent organization
A spinout venture from a university to commercial a new invention
A subsidiary of a large corporation developing a new product
A semi-autonomous group operating outside the overarching structure of the parent organization
A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.
venture capitalist
entrepreneur
businessman
buyer
A business plan is important for all of the following reasons EXCEPT:
a business plan forces a firm's founders to systematically think through each aspect of their new venture
a business plan provides lenders and investors assurance that they will earn a decent return
a business plan provides an investor with something to react to
a business plan is a selling document that enables a company to present itself to potential suppliers and business partners
A new venture's business plan is important because ______.
It helps to persuade others to commit funding to the venture
Can help demonstrate the viability of the venture
Provides a guide for business activities by defining objectives
All the above
To provide financial assistance to entrepreneurs the government has set up a number of___________.
financial advisors
financial intermediaries
Industrial estates
financial institutions
_____________ can be defined as a specifically evolved work plan densed to achieve a Specific objective within a specific period of time
Idea generation
Opportunity Scanning
Project
Strategy
_____________ is used to accomplish the project economically in the minimum available time with limited resources
Project Scheduling
Network Analysis
Budget Analysis
Critical Planning
______________ is a form of financing especially for funding high technology, high risk and Perceived high reward projects
Fixed capital
Current capital
Seed capital
Venture capital
_____ is a favorable set of circumstances that creates a need for a new product, service, or business.
A niche
A venture
A trend
An opportunity
_____ is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.
A marketing plan
Financial feasibility analysis
Industry/market feasibility analysis
Organizational feasibility analysis
Why is the executive summary perhaps the most important section of the business plan?
This section of the plan provides in-depth discussion of the major trends in the industry in which the firm intends to compete
This section of the plan summarizes the firm's key executives
If this section of the plan fails to attract an investor's interest, he or she is unlikely to read the remainder of the plan
This section of the plan deals with the day-to-day operations of the company
Which of the following might be termed a disadvantage faced by the small business?
Greater flexibility
Greater ability to serve specialized markets
Extreme personal commitment of the owner
More personal service
The financial assistance to small business provided by the Small Business Administration takes the form of:
loan guarantees
guidance in locating lenders
direct loans
assistance in filling out paperwork
Key features of a well written business plan would include all of the following except:
financial plan
qualifications of the owner
an analysis of the market
a review of the advertising firms analyzed
EDPs course contents contain ___________.
General introduction to entrepreneurs.
Motivation training.
Managerial skills.
All the points
MSME is defined under which act?
MSMED Act 2006
MSMED Act 2001
MSMED Act 1999
MSMED Act 2004
MSMEs are important for the Nation's Economy because they significantly contribute to
Industrial Production
Exports
Employment
All of the points
Investment Limit of a Micro Enterprise under manufacturing sector does not exceed _____ lakhs.
10
20
25
50
The manufacturing enterprises are defined in terms of investment in ___________.
Furniture
Stock
Plant & machinery
None of these
Which of the following is not considered while selecting the region?
Law and order
Price of land
Availability of raw materials
Proximity to the product market
Which one of the following is the step involved in setting up new enterprises?
Creating a business plan
Making a product choice
Selecting the location
Setting up infrastructure
Which of the following is the key factor for choosing the type of financing?
Availability of funds
Assets of the venture
Prevailing interest rates
All of the given options
Following is not involved in EDP
Identification of entrepreneurs for training
Selection of entrepreneurs for training
Developing entrepreneurial capabilities
Arranging infrastructural facilities
Following is not involved in EDP
Identification of entrepreneurs for training
Selection of entrepreneurs for training
Developing entrepreneurial capabilities
Arranging infrastructural facilities
The distinction between an "entrepreneur" and "small business owner", if made, revolves around:
really nothing; they are truly one and the same
the Small Business Administration definitions
whether the business is an Internet based one or not
the risk taking or re-invention of a business vs. someone who "simply" starts a business or buys an existing one
Which of the following is not a main element of the project management process?
Estimation.
Schedule.
Monitor.
Systems design.
SBA stands for:
Small business accountants
Small business administration
Small business adequacy
Small business advisors
EDPs course contents contains ___________.
General introduction to entrepreneurs.
Motivation training.
Managerial skills.
All the points
EDII was developed by the
Government of India
State Government
All India Financial Institutions
Public sector banks
NIESBUD was established in
1983
1980
1986
1989
________ is the first development bank of the country.
ICICI.
IDBI.
SFC.
IFCI
State Industrial corporations engage in the development of__________.
industrial estates.
institutional estates.
individual investors.
agricultural entrepreneurs.
