Entrepreneurship Management

191. Which of the following shows the process of creating something new?

  1. Business model
  2. Modeling
  3. Creative flexibility
  4. Innovation
Correct answer: (D)
Innovation

192. Individuals influencing an entrepreneur's career choice and style are known as which of the following?

  1. Moral-support network
  2. Role model
  3. Professional support network
  4. Support system
Correct answer: (B)
Role model

193. SBA stands for:

  1. Small business accountants
  2. Small business administration
  3. Small business adequacy
  4. Small business advisors
Correct answer: (B)
Small business administration

194. EDP (Entrepreneurship Development Programmes) is required to help:

  1. Existing entrepreneurs
  2. First generation entrepreneurs
  3. Future generations entrepreneurs
  4. None of the above
Correct answer: (B)
First generation entrepreneurs

195. 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?

  1. Ecopreneur
  2. Technopreneur
  3. Intrapreneur
  4. Social Entrepreneur
Correct answer: (C)
Intrapreneur

196. Which of the following is used by entrepreneurs to acquire experience in an international market before making a major commitment?

  1. Merger
  2. Minority Interest
  3. Joint venture
  4. Majority interest
Correct answer: (B)
Minority Interest

197. What is the process by which individuals pursue opportunities without regard to resources they currently control?

  1. Startup management
  2. Entrepreneurship
  3. Financial analysis
  4. Feasibility planning
Correct answer: (B)
Entrepreneurship

198. Which of the following factors is the most important in forcing U.S companies to focus on new product development and increased productivity?

  1. Entrepreneurship
  2. Hyper competition
  3. Governmental laws
  4. Organizational culture
Correct answer: (B)
Hyper competition

199. Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

  1. Existing products and services
  2. Distribution channels
  3. Federal government
  4. Consumers
Correct answer: (B)
Distribution channels

200. A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called?

  1. Performance and Credit Rating Scheme
  2. Zero Defect Zero Effect Certification
  3. Performance and Economy Rating Scheme
  4. None of the above
Correct answer: (A)
Performance and Credit Rating Scheme
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