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WorksheetsEntrepreneurship Development..
Total questions: 65
Worksheet time: 1hrs 5mins
What are the Reasons for Developing Small Enterprises in India ?
To generate Large Scale Employment Opportunities
To Eradicate Unemployment Problem
To promote balanced regional development
Equitable distribution of National Wealth & Income.
All of the above
As per MSMED Act, 2006, in manufacturing sector a micro enterprises is ?
Investment in plant and machinery in between Rs 25 lakh and Rs 5 Cr.
Investment in plant and machinery in more than Rs 10 Cr
Investment in plant and machinery in between Rs 5 Cr and Rs 10 Cr.
Investment in plant and machinery in less than or equal to Rs 25 Lakh
As per MSMED Act 2006, in service sector a small enterprises is?
Investment in equipment in less than or equal to Rs 10 Lakh
Investment in equipment in between Rs 10 lakh and Rs 2 Cr
Investment in equipment in between Rs 2 Cr and Rs 5 Cr
Investment in equipment in more than Rs 5 Cr.
As per the new Definition of Micro, Small and Medium Enterprises from 2019 onwards, a Medium Enterprises is?
Annual turnover is less than Rs.5 cr
Annual turnover is between Rs. 5 Cr to Rs. 75 cr.
Annual turnover is between Rs. 75 Cr to Rs. 250 cr.
Annual turnover more than Rs. 250 cr.
As per the statistics, Small Medium Enterprises accounts how much % of industrial output ?
45%
30%
60%
90%
Select the correct multiple reasons behind growth in SME business.
High contribution to domestic production
Low investment requirements
Low export earnings
High intensive imports
What are the Challenges faced by SME (Seclect multiple options).
Lack of capital
Inability to attract talented and tech-savvy manpower
Good infrastructure and utilities
Lack of innovation
Define woman running an enterprise ?
An enterprise owned and controlled by a men having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women
An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women
An enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital only.
An enterprise owned and controlled by a women having a minimum financial interest of 40% of the capital and giving at least 41% of the employment generated in the enterprise to women
Identify the famous women entrepreneur?
Vandana Luthra
Priya Paul
Suchi Mukherjee
Indra Nooyi
Which is push factor responsible for Women Entrepreneurship?
Family income is insufficient
Financial Independence
Use of the existing skills and education
Higher social status
Select the pull factor responsible for Women Entrepreneurship from the below option?
Role of the sole bread earner
Family income is insufficient
Not able to find a suitable employment
Financial Independence
Which are the problems encountered by Women while taking up Entrepreneurship?
Lack of Finance
Stepping into new markets
Dual Responsibility
All of the above
Who is Angel capitalist?
Bank
State Financial Corporations
Individual who invest their own money for a business start-up, usually in exchange for convertible debt or ownership equity
Individual or firm invests in small companies, generally using money pooled from investment companies, large corporations, and pension funds
Projected financial statements are also called
Profit and loss account
Balance sheet
Pro forma financial statements
None of the above
Which are the limitations on Projected Financial Statements
Unforeseen Situations
Narrowed Focus
Takes Time
All of the above
The entrepreneurial process is...?
How an entrepreneur turns their idea into a business
The process of applying for a loan
The formal name of closing a business
Teaching a younger person a trade
What characteristics must an entrepreneur possess. (There may be more than one correct answer.)
Persistent
Inquisitive
Goal-oriented
Powerful
What skills must an entrepreneur possess. (There may be more than one correct answer.)
Problem solver
Communicator
Possesses basic business skills
Juggler
What are the five steps (in proper order) of the entrepreneurial process
Discover, concept development, resourcing, actualization, harvesting
Discover, resourcing, actualization, harvesting, concept development
Resourcing, actualization, harvesting, concept development, discovery
Resourcing, actualization, concept development, discovery, harvesting
Which one of the following is the first step in the entrepreneurial process ?
Developing successful business ideas
Deciding to become an entrepreneur
Growing the entrepreneurial firm
Moving from an idea to an entrepreneurial firm
Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
Innovative entrepreneur
Instigated entrepreneur
Initiative entrepreneur
Fabian entrepreneur
What might be the reason for failure of most of the startups ?
Low Budget
Location
Incorrect Market Analysis
Management
Which of the following factors has allowed small companies to act like they are big ones?
Competition
Economic growth
Technology
Customers
Related to Entrepreneur, IPR stands for?
Innovative Policy Resolutions
Industrial Protection Resolutions
Intellectual property rights
Income Plan Rewards
Identify the Women Entrepreneur
Indra Nooyi
Chanda Kochhar
Arundatti Bhattacharya
Anita Roddick
Who applied the term entrepreneur to business for the first time?
Edward De Borne
Clayton Christensen
Joseph Schumpeter
Richard Cantillon
Cooking in a restaurant is a _______________ business idea but owning a clothing business is a _____________ business idea.
Wage employment, Industrial employment
Self employment, Industrial employment
Wage employment, Self employment
None of these
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.
1. True
2. False
1. False
2. True
1. False
2. False
1. True
2. True
Surabhi opens 5 painting stores across India. Which stage of business development is this?
Entering stage
Surviving stage
Growing stage
None of these
Why is multi-tasking a key entrepreneurial skill?
Small businesses may start out as one-person operations.
Small businesses usually involve delegating tasks to employees.
Small businesses usually involve tasks that must be completed immediately.
Small businesses usually involve hiring a large staff to get them off the ground.
Which one of the entrepreneurial skills would fall under marketing and sales?
Creating events
Opening the doors early
Paying bills on time
Ordering the right inventory
What is initiative?
The drive to do whatever is necessary to make a business successful
The drive to oversee a variety of business-related details
The drive to delegate as many responsibilities as necessary and possible
The drive to solve many problems in a timely manner
What is the full form of DPR?
Delayed Project Report
Detailed Performance Report
Domestic Progress Ratio
Detailed Project Report
What is the full form of NABARD?
National Bill for Agriculture and Rural Development
National Bank for Agriculture and Rural Development
National Bill for Agriculture and River Development
National Bank for Agriculture and River Development
What is the key objective of Value Proposition Canvas?
To map the customer needs
To map the customer feedbacks
To map the customer values
To map the customer relation
Which of the following is not a principle of business idea creation?
Customer need
Entrepreneur’s own interest or talent
Innovative
None of these
Which of the following is not a key aspect of customer need?
Quality and quantity
Price
Location
Variation
Who among these are not your key business partners?
Government
Public or Prtivate Bank
Customer
Raw material supplier
Which of the following is an entrepreneur's important characteristics?
Creativity and innovation
Communication skills
Critical thinking ability
All of these
Which of the following is not a part of Financial Planning?
Cash Flow Statement
Profit and Loss Account
Debit Credit list
Balance Sheet
1. An individual who initiates, creates and manages a new business can be called _____________.
A. A leader
B. A manager
C. An entrepreneur
D. A professional
2. Trademarks relate to _______.
A. Practice and knowledge acquired through experience
B. The protection of proprietary information of commercial value
C. The right to reproduce ones own original work
D. Brand identity
3. Which could provide an individual with the motivation to start a new business venture?
A. The financial rewards.
B. A desire to be independent.
C. Risk-taking
D. All the above.
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) Ecopreneur
b) Technopreneur
c) Intrapreneur
d) Social Entrepreneur
EDP (Entrepreneurship Development Programmes) is required to help:
a) Existing entrepreneurs
b) First generation entrepreneurs
c) Future generation entrepreneurs
d) None of the above
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
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process:
a) Idea Stage
b) Product Planning Stage
c) Product Development Stage
d) Test Marketing Stage
In a venture capital deal, ________________ownership chunks of a company are created and sold to ____________________ investors
very small / many
large / a few
substantial / all
small / most of the
venture capital is not just about money
it also provides high returns on investment
it ensures bank secrecy
it provides companies and entrepreneurs with technical and managerial advice
it allows the venture capitalist to have a say in the company decisions as investors get equity in the company
Issue of shares is the most important method of raising ______ funds
short term
long term
debt fund
Which of these is not a unique quality of an entrepreneur?
Self Confidence
Resilience
Risk Taker
Negative Outlook
Entrepreneur is that they are gamblers and take big risks. Entrepreneurs are usually ___________________
simple risk taker.
low risk taker.
moderate risk taker.
high risk taker.
__________ is a written document that describes all the aspects of a business venture in a concise manner.
Business Model
Business Plan
Business Strategic
Business Strategy
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
Innovative ideas come from 3 sources:
skills, abilities and egos
passions, complaints and egos
passion, abilities, and skills
skills, passions, and egos
Your idea will grow when you
water it
sell it
Keep it to yourself
understand what others think
What is the purpose of a business plan? (hint: choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the SEC
States the purpose and vision of your company
States the amount of capital you need to run the company
_________________ is a fast developing technique of business expansion by transferring rights.
Dealership
Networking
Franchising
Technopreneurship
Psychological factors of entrepreneurial growth includes _____________________________
Need achievement & social mobility
Need achievement & status respect withdrawal
Social mobility & marginality
None of these
Imitating entrepreneurs are also known as ______________
Fabian entrepreneur
Drone entrepreneur
Pure entrepreneur
Adoptive entrepreneur
Select the odd one out.
Pure entrepreneur
Business entrepreneur
Induced entrepreneur
Spontaneous entrepreneur
Choose the correct one associated with franchising.
Franchisee is the seller
Franchisor pays royalties as fees
Franchisee provides continuous support
Franchisee lacks freedom
Which of the following is not a limitation of franchising ?
Non renewal of agreement
No ownership transfer
Prescribed format
Continuous support
