Entrepreneurship and New Venture Creation (ENTR601)-Semester III

Entrepreneurship and New Venture Creation (ENTR601)-Semester III
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1st Module Assessment

Question 1. Someone who improves an existing business can be called __?
Select one:
a. A professional
b. An intrapreneur
c. A co-worker
d. A changeling
Clear my choice
Question 2. Which of the following is the reason for business failure?
Select one:
a. Poor financial control
b. Lack of market research
c. Poor management
d. All the above
Clear my choice
Question 3. An individual who initiates, creates and manages a new business can be called _.
Select one:
a. A professional
b. A manager
c. A leader
d. An entrepreneur
Clear my choice
Question 4. Members of distribution channels are excellent sources for new ideas because:
Select one:
a. They earn a handsome profit from new business
b. They are familiar with the needs of the market
c. They have well-developed sales force
d. They do not bother if entrepreneur bears a loss
Clear my choice
The French word from which the word entrepreneur has been derived is called . Select one: a. entreprenture b. entroprenture c. entreprendure d. Ontreprendure Question 5. EDP (Entrepreneurship Development Programmes) is required to help: Select one: a. First generation entrepreneurs b. Existing entrepreneurs c. Future generation entrepreneurs d. None of the above Clear my choice Question 6. Entrepreneurs are best as __________ .
Select one:
a. Venture Capitalists
b. Planners
c. Doers
d. Managers
Clear my choice
Question 7. A business arrangement where one party allows another party to use a business name and sell its products or services is known as__________.
Select one:
a. A franchise
b. A cooperative.
c. An owner-manager business
d. A limited company
Clear my choice
Question 8. Which one of the following is not the broad categories of External forces?
Select one:
a. Competitive forces
b. Economic forces
c. Technological forces
d. S Socioeconomic forces
Clear my choice
Question 9. Why are small businesses important to a country’s economy?
Select one:
a. They can provide specialist support to larger companies
b. They can be innovators of new products.
c. They give an outlet for entrepreneurs.
d. All the above.
Clear my choice
Question 10. .______ requires proper review and reconsideration of the selected alternative before implementing it.
Select one:
a. Selecting the best alternative
b. Developing possible alternatives
c. Checking the decision
d. None of the given options
Clear my choice
A business arrangement where one party allows another party to use a business name and sell its products or services is known as__________.
Select one:
a. A franchise.
b. A cooperative.
c. An owner-manager business.
d. A limited company
Question 11. Foundation companies are formed from:
Select one:
a. Research and development
b. Most popular business
c. Fashion
d. winding up company
Clear my choice
Question 12. The best definition of Inovation is :
Select one:
a. The evolution of new ideas
b. The genertion of new ideas
c. The opposite of creativity
d. the successful exploitation ofnew ideas
Clear my choice
Question 13. Which of the following actions by an entrepreneur is most likely to contribute to creative destruction?
Select one:
a. Take-over of a competitor
b. Issuing Shares
c. Development of a new product
d. Reducing Prices
Clear my choice
Question 14. Schumpeter considered that innovative entrepreenurs would:
Select one:
a. Disappear
b. Thrive
c. Be absorbed within large innovative firms
d. BE absorbed within non-innovtive firms
Clear my choice
Question 15. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
Select one:
a. Need for independence
b. Need for achievement
c. Need for affiliation
d. Need for authority
Clear my choice
Question 16. Innovative small frms are more likely in :
Select one:
a. Biotechnology
b. Knowledge-based sectors
c. Aerospave manufacture
d. Automobile macfactue
Clear my choice
Question 17. Why are small businesses important to a country’s economy?
Select one:
a. They can provide specialist support to larger companies
b. They give an outlet for entrepreneurs.
c. They can be innovators of new products
d. All the above.

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Assignment solution help, assignment answers help, Assignment Help, Synopsis and Project, Study Material, Exam Notes
2nd Module Assessment
Question 1. When selecting a line of action, an Entrepreneur must keep in mind:
Select one:
a. Risk involved
b. Profit
c. Profitability
d. All the given options
Clear my choice
Question 2. Which of the following is among the aspects of technical feasibility study?
Select one:
a. Location
b. Demand
c. Security
d. Instruction
Clear my choice
Question 3. is the process of determining whether an event idea is viable.
Select one:
a. Opportunity recognition
b. Feasibility analysis
c. Achievability analysis
d. Viability analysis
Clear my choice
Question 4. All the things needed for an event to work are . Select one: a. Role b. Resources c. Organisation d. Goal Clear my choice Question 5. MSMED stands to ____
.
Select one:
a. Mini, Small & Medium Enterprises Development
b. Micro, Small & Medium Enterprises Development
c. Micro, Small & Medium Entrepreneurship Development
d. Micro, Small & Medium Enterprises Department
Clear my choice
Question 6. The financial plan presents _ for the future of the company. Select one: a. Finances b. Forecasts c. Trends d. Studies Clear my choice Question 7. A _________________ establishes the scope and purpose of a company and reflects its values and beliefs.
Select one:
a. Vision Statement
b. Mission Statement
c. executive summary
d. None of the following
Clear my choice
Question 8. The proper time to conduct a feasibility analysis.
Select one:
a. Late in thinking
b. Early in thinking
c. Hey, it might snow!
d. Who cares!
Clear my choice
Question 9. The _ plan shows whether the business is economically feasible or not.
Select one:
a. Business
b. Financial
c. Economic
d. Marketing
Clear my choice
Question 10. Which of the following is not the purpose of Feasibility Study?
Select one:
a. Establish market trends
b. Provide quality information for decision making
c. Give focus to the project and outline alternatives
d. Specify business alternatives
Clear my choice
Which of the following is not the expectation of acc A feasible or viable event idea?
Select one:
a. Generate adequate cash flow and profits
b. Generate adequate cash flow and profits
c. Meet the goals of the founders
d. Remain viable in short period
Question 11. Why is it important for an entrepreneur to do a feasibility study for starting a new venture?
Select one:
a. To identify possible sources of funds
b. To see if there are possible barriers to success
c. To explore potential customers
d. To estimate the expected sales
Clear my choice
The next stage to the Concept Stage of Product Planning and Development Process is:
Select one:
a. Product Planning Stage
b. Idea Stage
c. Product Development Stage
d. Test Marketing Stage
Question 12. Which of the following factors shouldnot be included in PESTLE analysis?
Select one:
a. Proposed reduction in interest rates
b. Government re-cycling policy
c. Demographic changes.
d. Competitor activity
Clear my choice
Question 13. The period of business when an entrepreneur must position the venture in a market and make necessary adjustments to assure survival is called the:
Select one:
a. Startup stage
b. Pre-startup stage
c. Early growth stage
d. Later growth stage.
Clear my choice
Question 14. External links may provide incentives to:
Select one:
a. Introduce improvements to products
b. Raise finance
c. Introduce new working practives
d. Attend business exhibitions
Clear my choice
Question 15. Planning for profits includes:
Select one:
a. Evaluating profit potential
b. Controlling cost & budgeting
c. Forecasting sales & Budgeting
d. All the given options
Clear my choice
Question 16. Which of the following geographical area is having least interest to U.S. entrepreneurs?
Select one:
a. The Far East
b. Central Asia
c. Europe
d. Transition Economies
Clear my choice
Question 17. According to peter Drucker, entrepreneurship is:
Select one:
a. An Art
b. A Practice
c. A Science
d. All of the given options
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: amitymbaassignment@gmail.com
Call/what’s app: +91 8290772200
What’s app:8800352777
Assignment solution help, assignment answers help, Assignment Help, Synopsis and Project, Study Material, Exam Notes

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