Worksheetsmng_2_pdf_quiz_by_mayank
Total questions: 77
Worksheet time: 49mins
Who is an entrepreneur?
A manager
A leader
A professional
An individual who starts, creates, and manages a new business
Entrepreneurship is best defined as:
The process of buying and selling goods
The act of managing a team
The willingness and ability to establish, organize, and manage a business venture along with any of its risks to make a profit
The process of hiring employees
Which of the following is a factor affecting entrepreneurship?
Economic environment
Social environment
Political environment
All of the above
Fiscal and monetary measures to stimulate investment in private & public sectors include:
Lowering the rate of interest
Tax reduction & public expenditure
Price policy & abolition of monopoly
All of these
Entrepreneurship contributes to economic development by:
Generating employment
Promoting innovation
Enhancing GDP
All of the above
Which of the following is NOT a characteristic of entrepreneurship?
Risk-taking
Innovation
Routine management
Proactiveness
Which of the following is a key trait of a successful entrepreneur?
Risk aversion
Dependence
Proactiveness
Indecisiveness
An entrepreneur's ability to take calculated risks is known as:
Risk aversion
Risk management
Risk-taking propensity
Risk ignorance
An entrepreneur who starts a business with the help of natural talent is called:
Pure entrepreneur
Included entrepreneur
Spontaneous entrepreneur
Motivated entrepreneur
Microsoft by Bill Gates is an example of which type of entrepreneurship?
Innovative
Agricultural
Social
Joint
Which of the following is a myth about entrepreneurship?
A. Entrepreneurs are born, not made
B. Entrepreneurs are risk-takers
C. Entrepreneurs are innovative
D. Entrepreneurs are proactive
The belief that entrepreneurs are solely motivated by money is:
A. A fact
B. A myth
C. A theory
D. A principle
Which theory emphasizes the need for achievement as a motivator for entrepreneurs?
Maslow's Hierarchy of Needs
McClelland's Theory
Herzberg's Two-Factor Theory
Vroom's Expectancy Theory
According to McClelland, entrepreneurs are motivated by:
Need for affiliation
Need for power
Need for achievement
Need for recognition
Maslow's theory states that once lower-level needs are fulfilled, individuals move on to:
Lower needs again
Next higher level needs
Random needs
None of the above
In Herzberg's two-factor theory, which of the following is a hygiene factor?
A. Recognition
B. Achievement
C. Salary
D. Growth
Effectuation theory in entrepreneurship emphasizes:
An entrepreneur who believes the future is unpredictable and focuses on controlling what they can is applying:
Causation logic
Effectuation logic
Innovation logic
Motivation theory
Entrepreneurial style based on strategic planning and long-term goals is called:
Reactive
Improvisational
Causal
Habitual
A startup can be defined as:
A small family business
A temporary organization to search for a repeatable and scalable business model
A government project
A non-profit enterprise
The role of an Entrepreneurship Cell (E-Cell) is to:
Provide loans
Promote entrepreneurship activities among students
Conduct exams
Which of the following is part of the startup ecosystem?
Incubators
Angel investors
Accelerators
All of the above
Startup India initiative was launched in the year:
2014
2015
2016
2017
Which of the following is the first step in idea generation?
Funding
Problem identification
Sales strategy
Business registration
Which of the following is NOT a stage of Design Thinking?
Empathize
Define
Predict
Prototype
The DISRUPT model is used for:
Financial modeling
Disruptive innovation strategies
Human resource planning
Tax saving
A value proposition refers to:
The total cost of a business
The value a company promises to deliver to customers
The legal registration of a firm
The physical property of a company
Outcome-driven innovation focuses on:
Products only
Tasks and processes only
Customer needs and desired outcomes
Employee motivation
Technical viability of a business idea means:
Legal feasibility
Technological resources and expertise are available
Financial viability
Market need
Which of the following is NOT included in a viability check?
Financial feasibility is concerned with:
Environmental safety
Technology usage
Investment and profitability
Product design
Which of the following is part of the Lean Startup approach?
Business expansion
Detailed planning
Build-Measure-Learn loop
Annual review
A Business Model Canvas includes:
Only customer segments
Nine building blocks including key partners and value propositions
Mission and vision only
Balance sheet and income statement
What is MVP in startup terms?
Most Valuable Plan
Minimum Viable Product
Maximum Value Proposition
Which of the following is a type of business model?
P2P
C2C
B2B
All of the above
Sizing the opportunity in business involves:
Evaluating only competitors
Estimating the market potential and demand
Hiring employees
Creating a legal entity
Revenue streams in a business model refer to:
Waterways
Sources of money generation for the business
Expenses
Shareholder returns
Which is the simplest form of business ownership?
Partnership
Company
Sole Proprietorship
LLP
In a partnership, the minimum number of partners required is:
1
2
3
5
LLP stands for:
Long-term Lease Partnership
Limited Liability Partnership
Legal Law Practice
Low Liability Permit
Which form of ownership has a separate legal entity and limited liability for its shareholders?
Sole Proprietorship
Partnership
Company
HUF
HUF stands for:
Hindu Unified Fund
Hindu United Federation
Hindu Undivided Family
Hindu Urban Finance
Which structure is most suitable for family-run businesses in India?
LLP
Company
HUF
Which of the following is a registered corporate body?
LLP
Sole Proprietorship
Partnership
HUF
Seed capital refers to:
Funds for product manufacturing
Initial funding to start a business
Salary payments
None of the above
Venture capital is invested in:
Traditional businesses
New and high-risk businesses
NGOs
Government projects
Angel investors provide:
Grants only
Personal funds to startups
Bank loans
Business premises
Which of the following is a government initiative to promote startups in India?
Make in India
Digital India
Startup India
Skill India
Which ministry manages the Startup India initiative?
Ministry of HRD
Ministry of MSME
DPIIT (under Ministry of Commerce)
NITI Aayog
Which of these is a formal source of business Finance?
Friends
Family
Banks
Personal savings
Crowdfunding is:
Loan from bank
Raising small amounts of money from a large number of people
Funding from the government
Taking credit from a supplier
In a startup, team building focuses on:
Marketing Mix is also called:
3P Model
4P Model
Business Pyramid
7C Model
Which of the following is NOT a component of the traditional marketing mix?
Product
Price
Placement
Prediction
STP in marketing refers to:
Strategy, Tools, Planning
Segmentation, Targeting, Positioning
Sales, Team, Promotion
Structure, Target, Promotion
Segmentation refers to:
Dividing employees
Dividing the market into smaller groups based on common characteristics
Decreasing product price
Combining customer needs
Sales planning involves:
Predicting competitor's sales
Developing strategies to sell products or services
Reducing company expenses
None of the above
Effective sales planning starts with:
Setting sales targets
Identifying warehouse location
Hiring sales executives
Advertising campaigns
CPM stands for:
Critical Project Management
Critical Path Method
Core Project Methodology
Central Planning Mechanism
PERT is best suited for:
Repetitive tasks
Routine operations
R&D projects with uncertain activity times
Administrative tasks
Gantt charts are used for:
In PERT, activity time is calculated using:
Average time
Weighted mean of optimistic, pessimistic, and most likely time
Shortest duration
Longest duration
Slack in CPM refers to:
Delay in payments
Flexibility in start and finish times without affecting project duration
Duration of the longest activity
Reserve funds
The critical path is the:
Shortest path in the network
Path with no slack and longest duration
Path with maximum cost
Optional route in project
Which tool helps visualize the schedule of a project?
Flowchart
Balance Sheet
Gantt Chart
SWOT Chart
PERT is different from CPM in that it focuses on:
Cost control
Time estimation under uncertainty
Resource allocation
Marketing strategy
Which of the following is true for the critical path?
It can be delayed
It determines the minimum time required to complete the project
It has the highest slack
It is always the shortest in length
In project management, 'milestone' means:
A. A large task
B. Start of the project
C. Significant point or event
D. End of the project only
A B2B business model refers to:
Business to Buyer
Business to Business
Buyer to Business
Business to Bank
In a B2C model, the company sells directly to:
(a)
The main purpose of MVP is to:
Generate maximum revenue
Test product hypotheses with minimum resources
Promote marketing
Launch a final product
Lean startup approach emphasizes:
Heavy investments early
Traditional planning methods
Fast iteration and customer feedback
Marketing-first models
A business model canvas includes:
Only revenue and cost structure
Business goals only
Key partners, value propositions, and customer segments
Company hierarchy
Revenue stream refers to:
Flow of money into business from investments
Flow of goods
Flow of money earned from customers
Internal budget allocation
Risk in entrepreneurship can be:
Only financial
Only legal
Financial, operational, market, and legal
Avoided completely
Sizing the opportunity refers to:
Limiting production
Estimating market size and potential
Scaling down cost
Setting team size
Crowdfunding is a form of:
Traditional financing
Alternative financing
Government subsidy
Bank loan
