Entrepreneurship Management
201. A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur's enterprise:
- 35 per cent
- 51 per cent
- 25 per cent
- None of the above
Correct answer: (C)
25 per cent
202. The entrepreneur was distinguished from capital provider in:
- Middle ages
- 17th century
- 18th century
- 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:
- Joint venture
- Majority interest
- Horizontal merger
- Diversified activity merger
Correct answer: (B)
Majority interest
204. The activity which occurs when the new venture is started is called:
- Motivation
- Business skills
- Departure point
- Goal orientation
Correct answer: (C)
Departure point
205. Which one of the following is the most important characteristic of a successful business website?
- Innovation
- Speed
- Graphics
- Products
Correct answer: (B)
Speed
206. Family business always interested to handover the change of his business to:
- Indian Administration Officers
- Professional Managers
- Next generation
- 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?
- Existing products and services
- Federal government
- Distribution Channels
- 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?
- New business model
- Anatomization
- None of the given options
- Creative destruction
Correct answer: (D)
Creative destruction
209. Members of distribution channels are excellent sources for new ideas because:
- They earn a handsome profit from new business
- They are familiar with the needs of the market
- They do not bother if entrepreneur bears a loss
- 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
- To identify possible sources of funds
- To see if there are possible barriers to success
- To estimate the expected sales
- To explore potential customers
Correct answer: (B)
To see if there are possible barriers to success