Entrepreneurship Multiple Choice Questions.2015.Docx 6.Jan

1. Choose the the correct correct answer answer from from the following list. a. Entrepr Entrepreneu eneurshi rship p is a practice practice area area b. Entrepr Entrepreneu eneurshi rship p is a way way of life c. Entrepr Entrepreneu eneurshi rship p is an appli applied ed subjec subjectt d. All All of of the these se 2. Which of the following following is is a situation of of an entrepren entrepreneur eur who belongs belongs to the category of ‘entrepreneurship by chance’ a. !o !orr whom an an opportu opportunity nity was was o"ere o"ered d b. Who is a passiona passionate te thin# thin#er er c. Who is is loo#ing loo#ing for an oppo opportun rtunity ity to ma# ma#e e money money d. Who has has inherit inherited ed his father father’s ’s business business $. Chose the one one that is %&' an an e(ternal e(ternal en)ironment en)ironment in*uencer in*uencer for for an entrepreneur. a. %eed %eed to esta establi blish sh onese oneself  lf  b. Ease Ease of acce access ss to cap capita itall c. !a)ourab a)ourable le go)er go)ernmen nmentt policy policy d. +irth +irth in a busi busine ness ss family family ,. Which of the following following is %&' %&' a myth on Entrepren Entrepreneurship eurship a. Entrepr Entrepreneu eneurshi rship p is all about about passion passion b. Entrepr Entrepreneu eneurshi rship p is a sure way to riches riches c. Entrepreneu Entrepreneurship rship succeeds only with -nancial bac#ing d. Entrepr Entrepreneu eneurshi rship p in)ol)es in)ol)es ris# ta#ing ta#ing . Entrepr Entrepreneu eneurshi rship p as an academic academic domain. domain. a. /s a part of mana manageme gement nt scienc science e b. /s multi multi0di 0disci scipli plinar nary y c. /s speci-c speci-c to the the business business under under consi consider deratio ation n d. /s a prac practic ticing ing art . Choose the the correct correct answer answer from from the following list. a. An entrepren entrepreneur eur once once decided should start start at all all cost going going against against his family. b. Education Education of an entrep entrepreneur reneur is not a dri)ing factor for entrepreneurial mobility. mobility. c. /t is better to ta#e ta#e money from ban# ban# as they they do e(pect e(pect much much from the )enture. d. o)ernment o)ernment policies policies can deter an entreprene entrepreneur ur from from starting if they they are long0wind and unwieldy. unwieldy. e. /t is better to become become an entrepr entrepreneur eneur when when you are are not married3 married3 as commitment le)els are lower. 4. Choose the one one that is %&' a part of the the entrepreneu entrepreneurial rial ecosystem. ecosystem.

a. b. c. d. e.

5ociety !riends /ndustry association 5trength of the idea o)ernment policies

6. Which are the positi)e in*uencers to an entrepreneurial ecosystem a. 7ositi)e attitude towards failure b. Easy to comply regulatory framewor# c. /mpro)ed access to high ris# capital d. /ndustry focused 8 9 : centres e. All of the abo)e ;. Choose the most appropriate answer. When it comes to family3 the in*uence on the entrepreneurial journey a. :epends on the success of the business idea. b. :epends on con)iction of entrepreneur. c. :epends on their perspecti)e towards entrepreneurship. d. +oth a and c e. +oth b and c 1<. Choose the correct answer from the following. /n an entrepreneurial ecosystem3 a. 5upporti)e family and friends ha)e a positi)e in*uence. b. 'he age of the entrepreneur impacts the success of the organi=ation. c. Communities can e(ert positi)e as well as negati)e in*uence. d. +oth a and c e. +oth b and c

11.

'here are >>>>>> numbers of steps in the entrepreneurship process. a. 6 b. , c.  d. 4

12. /mplementing an entrepreneurship process enables adding more time into the system by a. &ptimi=ing resource usage b. &ptimi=ing time spent c. &ptimi=ing e"ort in)ested d. All of the abo)e 1$.

Each stage of the e)olution of an organi=ation comprises of a. ?start @ sustain 0 scale

b. ?start @ scale 0 sustain c. ?scale @ sustain 0 start d. %one of the abo)e 1,.

'he -rst step of the entrepreneurship process is a. /deation b. Assessing the opportunity c. Creating a legal entity d. Ba#ing the sale

1. 'he part of the entrepreneurship that deals with structured acti)ities a. Art b. 5ociology c. 5cience d. 7sychology

1. Entrepreneur is a person who has a dream and will wor# against all obstacles to achie)e it. Who said this a. :a)id 8icardo b. Bartin Duther ing c. 8ichard Cantillon d. Fean +aptiste 14. Which of the following is an essential s#ill that an entrepreneur should possess a. reat Dearner b. Widening the breadth of #nowledge c. Economics and 7sychology d. All of these 16. &ne of the following below is not a reason why entrepreneur reGuires a Bentor a. Dac# of e(perience b. Handling 5ituations c. A Chec#point d. !or funds 1;.

7ic# the odd one out. An entrepreneur a. Adopts inno)ati)e approach b. /s e(posed to high ris#s c. Ha)e rewards guaranteed d. Has big )ision

2<.

Which of the following is not the characteristic of an entrepreneur aI Ability to ta#e ris#s

bI 5elf0dri)en cI reat 5ur)i)al /nstincts and Adaptability dI 5ounds -nancial credentials