ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT - FEBRUARY 2020 MCQS

S.Y B.COM

SEMESTER - 4

ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

(ESBM)

MCQS – FEBRUARY 2020

1. ____ can be most suitably related to as one‘s exclusive property rights that can be sold, transferred, willed, licensed of used as collateral much likely other assets?

A. trademarks 

B. Patents 

C. Geographical 

D. Copy right 

2. Sociologists consider the entrepreneurs as a _____________ corresponding to the role expected by the society.

A. Role visuliser 

B. Role definer 

C. Role coordinator 

D. Role performer

3. The origin of the word entrepreneur Is from the ______ verb known as 'eriterpridre‘

A. Egypt 

B. German 

C. French 

D. Latin

4. In general Copy Right protects the intellectual property for the life of the originator plus _____ years.

A. 60 

B. 40 

C. 30 

D. 50

5. The author Joseph Schumpeter was of the opinion that the entrepreneur in an advanced economy is an individual who

A. Bears the risk of operating a business in uncertain environment

B. Introduces something new in the economy

C. Utilizes all means of production 

D. Perform his role corresponding to the role expected by the society

6. Match among the following is not, the important feature of Brainstorming method?

A. Criticism is encouraged 

B. Freewheeling is encouraged

C. Combination and improvements of ideas 

D. Quantity of ideas 

7. ____of the following alternatives can be considered as the method of generating new Ideas in which freewheeling Is encouraged.

A. Problem Inventory Analysis 

B. Brain Storming

C. Gordon Method 

D. Focus Group

8. Which of the following is not the characteristic of an entrepreneur?

A. Seeking feedback 

B. Opportunity orientation

C. External Locus of control 

D. Tolerance for ambiguity

9. Which one of the following statement is not appropriate for the term ______ 'Entrepreneur‘?

A. Brings Organization Into existence 

B. Reenergises stagnated business

C. Operate within the organizational environment 

D. Change in existing state of equilibrium

10. According to — an entrepreneur Is an Economic Agent who unties all means of production, the labour force of the one and the capital or land of others and who finds in the value of the products results from their employment.

A. Peter Drucker 

B. Joseph A. Schumpeter 

C. J. S. Mill 

D. J. B. Say

11. The term 'Entrepreneur‘ was coined by____

A. Kilby 

B. Gordon Pinchot 

C. Peter Drucker 

D. Harbinson

12. Those entrepreneurs who do not wish to create anything new and continue to work in the already existing set up and copy innovations only if required to do so, are known as____

A. Drone 

B. Fabian 

C. Lmitators 

D. Active partner

 

13. Most creative ideas can be traced to an individual‘s interest in or____ about a specific problem or area of study.

A. Knowledge 

B. Curiosity 

C. Research 

D. Skill

14. ____Segment of business plan provides investors will time table for various activities to be accomplished.

 

A. Marketing 

B. Appendix 

C. Financial 

D. Milestone

15. In ______ method of generating Ideas consumers are provided with list of problems in general product category

A. Checklist 

B. Problem Inventory Analysis

C. Brainstorming 

D. Focus group

16. In ________types of patent new products process, and machines can be patented.

A. Utility Patents

B. Ornamental Patents

C. Plant Patents 

D. Design Patents

17. According to The Indian Patent Act, 1970 _________means the application of patent for a specific physical item.

A. Process 

B. Composition of matter

C. Machine 

D. Design 

18. Under which of the following method the group of individuals are provided with Information ma structured format?

A. Brainstorming 

B. Brain writing

C. Problem inventory analysis 

D. Focus Group

19. Which of the following characteristic defines entrepreneur as a believer of accomplishment are setbacks within their own control and can be affected by the outcome of their actions?

A. Drive to achieve 

B. Internal Locus of Control

C. Risk taking 

D. Seeking feedback

20. The method for developing new ideas when individuals are unaware of the problem is titled as

A. Brain Storming 

B. Force Relationship

C. Gordon method 

D. Reverse Brainstorming

21. The Decision Making, Human Relations and Negotiation Skills possessed by an entrepreneur are more appropriately classified as ____________

A. Conceptual Skills 

B. Technical Skills

C. Business Management Skills 

D. Personal Entrepreneurial Skills

22. An idea once illuminated in the mind of an individual still has little meaning until realistic and useful

A. Verified 

B. Prepared 

C. Incubated 

D. Germinated

23. The ______ view entrepreneurship as a vigorous application of the persons energies towards the long cherished goals. 

A. Process 

B. Artistic work 

C. Machine 

D. Composition of matter

25. ______ Entrepreneur is individuals who recognize a social problem and use entrepreneurial Principles to organize create and manage a venture to make social change.

A. Problem solver 

B. Social 

C. Financial 

D. Economical

26. As given by Robert D. Hisrich which one of the following is more appropriately related to Technical skills required by an entrepreneur?

A. Goal setting 

B. Oral communication

C. Human relation 

D. Decision making

27. Who among the following contributed Barriers to the Entrepreneurship‘?

A. Peter Drucker 

B. Karl H. Vesper 

C. Kilby

D. Gifford Pinchot

28. Which one of the following is the correct sequence of Creativity Process?

A. Idea Germination - illumination – incubation – Verification – Preparation 

B. Idea Germination - Preparation - Incubation - Illumination - Verification

C. Idea Germination - Verification – Preparation - Incubation - Illumination

D. Idea Germination - Incubation - illumination - Preparation - Verification

29. Match the following

X	Y
a. Idea Germination	i. Validation
b. Preparation	ii. Recognition
c. Incubation	iii. Fantasizing
d. illumination	iv. Rationalization
e. Verification	v. Realization

A. (a - i) (b - ii) (c - iii) (d - iv) (e - v) 

B. (a - ii) (b - iii) (c - v) (d - iv) (e - i)

C. (a - ii) (b - iii) (c - iv) (d - v) (e - i) 

D. (a - ii) (b - iv) (c - iii) (d - v) (e - i)

30. ____defines entrepreneur is an individual or a group of individuals having four major characteristics: Connection of different markets, Capability of making up of market deficiencies (gap-fifing), Input-completing and creation and expansion of time-binding input transforming entities.

A. Leibenstein 

B. Einstein 

C. Gordon. J.J. 

D. J. S. Mill

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