WorksheetsENTREPRENEURSHIP DEVELOPMENT – 25 MCQs with Answers
Total questions: 25
Worksheet time: 13mins
Entrepreneurship refers to:
Managing a shop
Starting and managing a new business venture
Only profit earning
Working under another person
Which of the following is a key trait of an entrepreneur?
Risk avoiding
Passive behavior
Risk taking and proactive thinking
Dependency
Intrapreneur means:
Entrepreneur inside company premises
An employee who innovates within an organization
A business owner
External investor
Innovative entrepreneur is one who:
Repeats existing ideas
Avoids changes
Introduces new ideas/products
Works only for others
Entrepreneurship plays a major role in:
Decreasing employment
Importing labor
Economic growth and development
Reducing markets
Which factor affects entrepreneurial growth?
Economic environment
Cultural values
Government policies
All of the above
Achievement Motivation relates to:
Desire to achieve high personal goals
Lack of confidence
Avoiding challenges
Working slowly
Thematic Apperception Test (TAT) measures:
Tax knowledge
Entrepreneurial motivation & personality
Balance sheets
Stress control
Stress management is important for entrepreneurs to:
Stop working
Maintain mental balance and productivity
Avoid new ventures
Increase profits
A business game mainly develops:
Accounting skills
Decision-making & strategic thinking
Physical strength
Drawing skills
Small enterprises are classified based on:
Number of chairs
Investment/Capital/Turnover criteria
Noise level
Number of workers only
Techno-Economic Feasibility refers to analysis of:
Technology + Financial viability
Only technology used
Only accounting statements
Product packaging
Market Survey helps in identifying:
Customer needs & business opportunity
Missing attendance
Waste management
Legal notices
A Preliminary Project Report (PPR) includes:
Birth certificate of entrepreneur
Business feasibility & resource planning
Student marksheet
Leave application
Project Appraisal means:
Evaluation of profitability + risk + feasibility
Appointment of employees
Rejecting all proposals
None
Working Capital is used for:
Long-term assets
Day-to-day business operations
Building new factory only
Shares investment
Break Even Analysis helps determine:
No profit – No loss point
Only profit
Only loss
Maximizing product design
PERT and CPM are tools used in:
Tax filing
Project scheduling and time management
Product packaging
Employee training
Excise Duty is a tax on:
Imported goods
Goods manufactured within the country
Services alone
Export only
Sales Tax is levied on:
Manufacturing
Sale of goods
Employee salaries
Only exports
Sickness in small business refers to:
Declining performance & financial instability
Increasing profits
Fast expansion
None
Government policy for small-scale enterprises aims to:
Close industries
Promote support & growth
Ban startups
Reduce opportunities
Diversification means:
Reducing products
Expanding into new products/services
Stopping distribution
Increasing tax only
Joint Venture means:
Single ownership
Partnership between two or more organizations
No sharing of profit
Individual capital only
Merger means:
Two or more companies combine into one
One company divides
Only share buying
Temporary partnership
