191. Which of the following shows the process of creating something new?
Business model
Modeling
Creative flexibility
Innovation
Correct answer: (D) Innovation
192. Individuals influencing an entrepreneur's career choice and style are known as which of the following?
Moral-support network
Role model
Professional support network
Support system
Correct answer: (B) Role model
193. SBA stands for:
Small business accountants
Small business administration
Small business adequacy
Small business advisors
Correct answer: (B) Small business administration
194. EDP (Entrepreneurship Development Programmes) is required to help:
Existing entrepreneurs
First generation entrepreneurs
Future generations entrepreneurs
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?
Ecopreneur
Technopreneur
Intrapreneur
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?
Merger
Minority Interest
Joint venture
Majority interest
Correct answer: (B) Minority Interest
197. What is the process by which individuals pursue opportunities without regard to resources they currently control?
Startup management
Entrepreneurship
Financial analysis
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?
Entrepreneurship
Hyper competition
Governmental laws
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?
Existing products and services
Distribution channels
Federal government
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?
Performance and Credit Rating Scheme
Zero Defect Zero Effect Certification
Performance and Economy Rating Scheme
None of the above
Correct answer: (A) Performance and Credit Rating Scheme