Entrepreneurship Management

171. A person owning and running a small firm, is known as ______________.

  1. A manager-owner.
  2. An owner-manager.
  3. A professional adapter.
  4. An enterprise worker.
Correct answer: (B)
An owner-manager.

172. One of the disadvantages of a franchise business for a franchisee is ______________.

  1. Lack of independence.
  2. Franchise businesses typically have a high failure rate.
  3. Lack of brand identity.
  4. Training is not normally provided by the franchisor.
Correct answer: (A)
Lack of independence.

173. Integration of project management with the organization takes place with the ______________.

  1. master budjet
  2. strategic plan
  3. Process of managing actual projects
  4. both b and c
Correct answer: (D)
both b and c

174. market potential of the project report includes______________.

  1. demand and supply conditions
  2. market strategy
  3. after sales service
  4. all the above
Correct answer: (D)
all the above

175. A business arrangement where one party allows another party to use a business name and sell its products or services is known as ______________.

  1. A franchise.
  2. A cooperative.
  3. An owner-manager business.
  4. A limited company.
Correct answer: (A)
A franchise.

176. Which of the following is least likely to influence the timing of new business births?

  1. Government policies.
  2. Profitability.
  3. Consumer expenditure.
  4. Weather conditions.
Correct answer: (D)
Weather conditions.

177. SFC is prohibited from granting financial assistance to any company whose aggregate paid up capital exceed ______________.

  1. 1 crore.
  2. 1.5 crores.
  3. 2 crores.
  4. 2.5 crores.
Correct answer: (A)
1 crore.

178. Large investment is made in fixed assets, the project will be termed as ______________.

  1. Capital Intensive.
  2. Labour Intensive.
  3. Product Intensive.
  4. Market Intensive.
Correct answer: (A)
Capital Intensive.

179. ______________ is the analysis of costs and benefits of a proposed project with the goal of assuming a rational allocation of limited funds.

  1. Project formulation.
  2. Project evaluation.
  3. Project appraisal.
  4. Project Design.
Correct answer: (C)
Project appraisal.

180. DGTD stands for ______________.

  1. Directorate General of Technical Development.
  2. District General of Technical Development.
  3. District General of Taxation Deduction.
  4. Directorate General of Taxation Deduction.
Correct answer: (A)
Directorate General of Technical Development.
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