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WorksheetsEntrepreneurship
Total questions: 65
Worksheet time: 45mins
Management deals with ___________
Internal environment
External environment
both internal and external environment
None of the above
An individual who initiates, creates and manages a new business can be called _____________.
A leader
A manager
An entrepreneur
A professional
Which of the following is the reason for business failure __________.
Lack of market research.
Poor financial control.
Poor management.
All the above.
Innovation can best be defined as_______.
the generation of new ideas.
the evolution of new ideas.
the opposite of creativity.
the successful exploitation of new ideas.
Entrepreneurs are motivated by _________.
money.
personal values.
pull influences.
All the above.
Father of Administrative management______________.
Mary Parkett
Lillian Gilbert
Henry Fayol
Elton Mayo
Management is________________.
an art
a science
an art and a science
an art not science
The first and foremost function of management is ___________.
Planning
Organizing
Controlling
coordination
For medium manufacturing enterprises,the investment in plant and machinery is between....
10 lakhs to 2 crores
25 lakhs to 5 crores
2 crores to 5 crore
5 crores to 10 crores
SWOT analysis s stands for ?
Success
Strength
Strategy
Survey
Which is a characteristic of a successful entrepreneur?
Motivated
Takes very little risk
Passionate
Hard-working
Entrepreneurs create ____________________ for themselves and others.
wealth
risk
plans
none of these
What information should NOT be included in a business plan?
Your financing needs
Your basic business concept
Your marketing plan
Your assets and liabilities
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.
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
The root of your idea is...
making money
a good team
understanding the problem
finding solutions
Which trait or characteristic would describe a successful entrepreneur?
Lazy
Shy
Bossy
Self Starter
Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)
Motivated
Takes very little risk
Passionate
Hard-working
What might be the reason for failure of most of the startups ?
Low Budget
Location
Incorrect Market Analysis
Management
Which type of entrepreneurs utilizes a chance to introduce a new technique or new product?
Innovative entrepreneur
Instigated entrepreneur
Initiative entrepreneur
Fabian entrepreneur
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
Related to Entrepreneur, IPR stands for?
Innovative Policy Resolutions
Industrial Protection Resolutions
Intellectual property rights
Income Plan Rewards
_________________ is a fast developing technique of business expansion by transferring rights.
Dealership
Networking
Franchising
Technopreneurship
Select the correct statement
Drone entrepreneurs follow innovative methods.
Distributor deals with less product lines.
Intrapreneurs are independent of the organization.
Fabian entrepreneurs are highly cautious.
Psychological factors of entrepreneurial growth includes _____________________________
Need achievement & social mobility
Need achievement & status respect withdrawal
Social mobility & marginality
None of these
Which of these is also known as corporate venturing
Intrapreneurship
Megers
Entrepreneurship
Acquisition
Which of these actions of an entrepreneur will most likely result in creative destruction
Developing a new products
Taking over a competitor business
Issuing shares to individual and institutions
Lowering price of your products of a service
Who applied the term entrepreneur to business for the first time?
Edward De Borne
Clayton Christensen
Joseph Schumpeter
Richard Cantillon
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
______________ 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
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
identify the entrepreneur in image given
Howard Schultz
David Abney
Nolem Bushnell
Who started Google ?
Mark Zuckerberg
Phil knight
Larry Page & Sergei Brin
Who founded Hershey?
Maxwell Hershey
Milton S Hershey
Milford Hershey
WHAT IS THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMEMT?
WEALTH CREATION
JOB CREATION
INCREASED GDP
EXPORTS
Name this Entrepreneur Entrepreneur?
What are the five pillars in entrepreneurship?
creativity, networking, sales, growth, and sustainability
idea, funding, competition, marketing, and success
risk, innovation, marketing, growth, and profit
value creation, the lean startup, customer discovery and validation, business model canvas, entrepreneurial method
How does value creation play a role in entrepreneurship?
Value creation is essential for entrepreneurs to meet customer needs and differentiate themselves from competitors.
Value creation is only important for established businesses, not for startups.
Value creation is not important in entrepreneurship.
Entrepreneurs should focus on imitating competitors instead of creating value.
What is an opportunity assessment plan in entrepreneurship?
A plan for identifying and exploiting market gaps.
A systematic process and short business plan in evaluating and analyzing potential business opportunities.
A document that outlines the risks and challenges of starting a business.
A strategy for maximizing profits in a competitive market.
A retail model where products or services move directly from a business to the end user who has purchased the goods or services for personal use.
B2A
B2B
B2C
B2G
Acquiring a government contract begins with bidding on a RFP. What is RFP?
request for paper (RFP)
request for plumbing (RFP)
request for proposal (RFP)
request for pitching (RFP)
B2G examples include ....
Construction of government buildings
Construction of highways
5G network to the rural areas
Cloud based software solutions
Read the following statement and write “Yes” or “No” as to whether the person is an entrepreneur or not.
Savita, a house wife, needs extra money for her
kids’ tuition. She notices that in the afternoon,
the children coming out of a nearby college
look tired and hungry. She makes refreshing
Neembu Pani and samosas and sells them to
the students.
Yes
No
Rewards of Entrepreneurship are
Improved Standard of Living
Capacity Building
Enterprise and Business Creation
Economic development
All of the above
......................................................... involves transfer of ownership or tangible products. Most of the times, in these type of businesses, products are bought at a wholesale price and sold at retail price.
Service Business
Merchandising businesses
Both
None of the above
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
“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
__________________ 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
_____ 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
