Entrepreneurship Management

201. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur's enterprise:

  1. 35 per cent
  2. 51 per cent
  3. 25 per cent
  4. None of the above
Correct answer: (C)
25 per cent

202. The entrepreneur was distinguished from capital provider in:

  1. Middle ages
  2. 17th century
  3. 18th century
  4. 19th and 20th century
Correct answer: (C)
18th century

203. Having more than 50% ownership position that provides the entrepreneur with managerial control is called:

  1. Joint venture
  2. Majority interest
  3. Horizontal merger
  4. Diversified activity merger
Correct answer: (B)
Majority interest

204. The activity which occurs when the new venture is started is called:

  1. Motivation
  2. Business skills
  3. Departure point
  4. Goal orientation
Correct answer: (C)
Departure point

205. Which one of the following is the most important characteristic of a successful business website?

  1. Innovation
  2. Speed
  3. Graphics
  4. Products
Correct answer: (B)
Speed

206. Family business always interested to handover the change of his business to:

  1. Indian Administration Officers
  2. Professional Managers
  3. Next generation
  4. None of the above
Correct answer: (C)
Next generation

207. Which one of the following gives suggestions for new product and also help to market new products?

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

208. Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?

  1. New business model
  2. Anatomization
  3. None of the given options
  4. Creative destruction
Correct answer: (D)
Creative destruction

209. Members of distribution channels are excellent sources for new ideas because:

  1. They earn a handsome profit from new business
  2. They are familiar with the needs of the market
  3. They do not bother if entrepreneur bears a loss
  4. They have well-developed sales force
Correct answer: (B)
They are familiar with the needs of the market

210. Why should an entrepreneur do a feasibility study for starting a new venture

  1. To identify possible sources of funds
  2. To see if there are possible barriers to success
  3. To estimate the expected sales
  4. To explore potential customers
Correct answer: (B)
To see if there are possible barriers to success
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