WorksheetsENTREPRENEURSHIP DEVELOPMENT
Total questions: 35
Worksheet time: 26mins
An individual who starts, creates and manages a new business can be called as _________________
A leader
A manager
A Professional
An entrepreneur.
_____________ is the process through which individual perceives opportunities without regard to resources they possess.
Start-up Management
Entrepreneurship
Financial Analysis
Feasibility Planning
The term ‘Entrepreneur’ was derived from French word ____________
Enterpurpose
Enterprise
Enterprocedure
Enterprendre
The term Entrepreneur was first defined by Irish-French economist _____________
Richard William
Richard Cantillon
. James Bernard
W.B. Gartner
The process of Entrepreneurship is divided into two parts & they are _________________
Idea Generation and Feasibility study
Innovation generation and Distribution Channel
Creativity and Development
Profit and Economic Development
What are 6 Cs that motivate entrepreneur to establish their own business are ________________
Change, challenge, creativity, control, curiosity and cash
Customer, challenge, creation, control, curiosity and cash
Contact, connect, conversation, consideration, consumption and community.
Commitment, culture, continuous, cooperation, customer and control
Which industrial sector promotes small-scale business & entrepreneurship and has low barriers to market entry?
Service
Manufacturing
Distribution
Agriculture
Which of these statements best describes the context for entrepreneurship?
. Entrepreneurship takes place in small business
. Entrepreneurship takes place in large business
Entrepreneurship takes place in a wide variety of context (small, medium & large)
Entrepreneurship takes place in social enterprises
Which of the following is not considered as one of the following blocks of the model entrepreneur?
Technical skills
Managerial competencies
Business competencies
Personal attributes
“Think big, Think fast, Think Ahead. Ideas are no one’s monopoly” is given by _________________
Azim Premjee
Mukesh Ambani
Vijay Mallya
Dhirajlal Hirachand Ambani
“I really believe that entrepreneurship is about being able to face failure and succeed after failure”. Who said this?
Kiran Mazumdar Shaw
Ekta Kapoor
Dr. Swati Piramal
Aishwarya Nair
Fiscal and monetary measures to stimulate investment in private & public sector includes ______________
Lowering the rate of interest
Tax reduction & Public Expenditure
Price policy & Abolition of monopoly
All of these
In terms of innovative business the five policy includes ____________
Private sources of funding, Debt financing, Venture capital, Business angels, subsidies and grants from governments
Equity shares, Preference shares, debentures, mutual fund and Insurance
Equity shares, private sources, preference shares, debentures and capital investment
Private sources of funding, debentures, mutual fund, private sources, capital investments
__________________ are the informal associations of people who choose to come together to find ways to improve their living condition
NGO
Self-Help Groups
Private companies
Self-private groups
‘Angels’ usually provides which type of financing?
Debt
Equity
Stock
Shares
Entrepreneurs are __________________
Moderate risk takers
High risk takers
nerver take risks
both moderate and high risk takers
Primary data is________.
the most important data.
the data that is collected first.
new data specifically collected for a project.
data that is collected second.
Which of the following are described as one of the Big Five personality traits?
tolerance of others.
need for achievement.
propensity to leadership.
locus of control.
The purpose of all good small business strategy is__________.
to increase turnover.
o increase profitability
to achieve competitive advantage
to achieve stated objectives
Someone legally appointed to resolve the financial difficulties of an insolvent firm is
called____________.
an administrator
an accountant
an auditor
a turnaround consultant
To provide financial assistance to entrepreneurs the government has set up a number of___________.
financial advisors
financial intermediaries
Industrial estates
financial institutions
In backward areas, term loans for expansion or setting up a new unit are available at __________ .
concessional terms
differential terms
standard terms
specific terms
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
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
Which of the following sentence is not a characteristic of entrepreneurship:
Risk taking
Innovation
Creative activity
Managerial training
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
_____________ 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
Entrepreneurs can recognize problems and find ways to solve them through each of the following EXCEPT
recognizing problems in emerging trends
identifying a currently available product or service and then building a business around a better version
framing a problem differently than it's been thought of before, and then proposing an appropriate solution
experiencing a problem in one's own life, and then realizing the solution represents a business 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
The financial assistance to small business provided by the Small Business Administration takes the form of:
direct loans
guidance in locating lenders
loan guarantees
assistance in filling out paperwork
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
Following is not involved in EDP
Identification of entrepreneurs for training
Selection of entrepreneurs for training
Developing entrepreneurial capabilities
Arranging infrastructural facilities
SBA stands for:
Small business accountants
Small business administration
Small business adequacy
Small business advisors
State Industrial corporations engage in the development of__________.
industrial estates
institutional estates
individual investors
agricultural entrepreneurs
