ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT - MARCH 2018 MCQS

S.Y B.COM

SEMESTER - 4

ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

(ESBM)

MCQS - March, 2018

1) _________Skill involves accounting, Negotiation, Control, Marketing skills etc.

a) Technical skills 

b) Interpersonal skills

c) Business management skills

d) Personal entrepreneurial skill

2) Innovation is a ____________ of doing new things.

a) Process

b) Art 

c) Capacity 

d) Science

3) Which one of the following is the correct sequence of creativity process?

a) Idea Germination-Incubation-Illumination-preparation-Verification

b) Idea Germination-Preparation-Incubation-Illumination-Verification

c) Idea Germination-Illumination-Incubation-Verification-Preparation

d) Idea Germination-Verification-Preparation-Incubation-Illumination

4) Match 'U' With ‘Y’.

U	V
a) Idea Germination	I) Validation
b) Preparation	II) Realization
c) Incubation	III) Recognition
d) Illumination	IV) Fantasizing
e) Verification	V) Rationalization

a) (i) (ii) (iii) (iv) (v) 

b) (iv) (i) (ii) (iii) (v) 

c) (iv) (iii) (i) (v) (ii) 

d) (iii) (v) (iv) (ii) (i)

5) ___________ is one’s exclusive property rights can be sold, Transferred, Willed, Licensed or used as collateral much likely other assets?

a) Patents 

b) Copyright 

c) Trademarks 

d) Geographical indication

6) People use their intellectual capacity or collect information about problem or conduct laboratory experiment in ____________ stage of creativity process.

a) Idea Germination 

b) Illumination 

c) Incubation 

d) Preparation

7) Written document that details the proposed venture is called ______.

a) Business plan 

b) Investment prospects 

c) Loan proposal 

d) All of these

8) Word, Figure, numeral, design or a combination of these, used to identify and distinguish the goods and services or a business from those marketed by other is________.

a) Patent 

b) Trademark 

c) Copyright 

d) All of these

9) ___________ protects original works of ownership and gives an exclusive right to do or authorize other to do certain acts in relation to literary, dramatic, artistic works cinematography and sound recording.

a) Trademark 

b) Geographical Indication 

c) Copy rights 

d) Patents

10) The ___________ is the entrepreneur’s roadmap for a successful enterprise.

a) Business idea 

b) Business plan 

c) Business entity 

d) Project report

11) Person who bears all the risks and uncertainty involved in running the enterprise is termed as_________.

a) Managers 

b) Employees 

c) Entrepreneur 

d) Intrapreneur

12) __________ is a person responsible for proper execution of business plans.

a) Managers 

b) Entrepreneur 

c) Intrapreneur 

d) None of these

13) Barriers faced by the entrepreneur include:

a) Monopoly 

b) social Stigmas 

c) No seed capital 

d) All of these

14) Which one of the following statement is not appropriate for term entrepreneur?

a) Sees a business opportunity, obtains the necessary inputs

b) Brings an organization into existence

c) Operates within the organizational environment

d) Starts a small business and grows it to a large business house

15) Which of the following is the source of new idea for the entrepreneurs?

a) Research & Development 

b) Creativity Process

c) Focus group 

d) Brain storming

16) Patenting chemical compounds, medicines and botanical composition comes under patenting of ________.

a) Process 

b) Manufactures 

c) Composition of matter 

d) none of these

17) Subconscious assimilation of information is reflected in ________ stage of creativity process.

a) Incubation 

b) Verification 

c) Illumination 

d) Preparation

18) TRIPS stands for _________.

a) Trade Related Intellectual Property Rights 

b) Trade Related Intellectual Property Services

c) Trade Related Intellectual Property Standards 

d) Trade Related Intellectual Property sectors

19) The clear pattern among successful, growth minded entrepreneurs is their focus on ________ rather than on resources, structure or strategy.

a) Opportunity 

b) Responsibility 

c) Feedback 

d) Risk taking

20) ________ cannot be patented.

a) Process 

b) Machine 

c) Artistic work 

d) Composition of matter

21) The term Entrepreneur is derived from the________ verb.

a) Greek 

b) French 

c) Latin 

d) Redlich

22) _____________ lists superintendence, control and direction as entrepreneurial function.

a) J.S.mill 

b) Frank Young 

c) Flavia Derossi 

d) Redlich

23) Match ‘U’ with ‘V’ considering suitable answer.

U	V
I) Economists view	i) entrepreneur as change agent and innovative response to society
II) Sociologists view	ii) entrepreneurs directed towards materialistic objective of maximization
III) Psychologists view	iii) entrepreneurs is role performer corresponding to the role expected by society

a) (ii) (iii) (i) 

b) (i) (ii) (iii) 

c) (iii) (i) (ii) 

d) (iii) (ii) (i)

24) The status of entrepreneur is of ___________ while of manager is ___________.

a) Servant-Owner 

b) Employee- Employer 

c) Employee- Servant 

d) Owner - servant

25) ___________ Entrepreneur are individuals who recognize a social problem and use entrepreneurial principles to organize, create and manage a venture to make social change.

a) Financial 

b) Economical 

c) Social 

d) Problem solver

26) Which one of the following is the role of entrepreneur in economic development?

a) Increase concentration of economic power 

b) Promotes capital formation

c) Promotes imbalanced regional development 

d) Increase unemployment problem

27) Sociologists consider the entrepreneurs as a _________ corresponding to the role expected by the society.

a) Role performer 

b) Role definer 

c) Role visualiser 

d) Role co-ordinator

28) ___________ introduced the term entrepreneur.

a) Gifford Pinchot 

b) Kilby 

c) Peter druker 

d) Harbinson

29) Which method of generating business ideas focus on more numbers of ides to be generated.

a) Brain mapping 

b) Brainstorming 

c) Focus group 

d) None of these

30) __________ is the ability to bring something new into existence.

a) Innovation 

b) Creativity 

c) Incubation 

d) Illumination

For More Detail Contact Us And Follow On Study For Buddies

Thank You