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90+ Entrepreneurship and Project Management Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .

1.

The term Entrepreneur is derived from the word

A. English
B. Tamil
C. Hindi
D. French
Answer» D. French
2.

An individual who has prior business ownership experienceentrepreneurs.

A. Habitual
B. Novice
C. Serial
D. Portfolio
Answer» A. Habitual
3.

_____Identified innovation as a characteristic of entrepreneur for the first time in 1934.

A. William Diamond
B. A.H.Cole
C. W.B.Gartner
D. J.A.Schuumpeter
Answer» D. J.A.Schuumpeter
4.

Refusal to adopt and use opportunities to make changes in production entrepreneurs.

A. Fabian
B. Imitative
C. Innovative
D. Drone
Answer» D. Drone
5.

A short-term, internal source of funds can be obtained by reducing all of the following except_____________.

A. Short-term assets
B. Fixed assets
C. cash
D. Inventory
Answer» C. cash
6.

Which one of the following is not an Intrapreneurial leadership characteristic?

A. Encourage the team work
B. Not flexible
C. Understands environment
D. Persistent
Answer» B. Not flexible
7.

Which of the following factor does not affect a person for being an entrepreneur?

A. Education
B. Gender
C. Personal values
D. Family background
Answer» B. Gender
8.

Which of the following has a contradictory relationship with an individual for being an entrepreneur?

A. Parents social status
B. Parents occupation
C. His birth order
D. Relationship with parents
Answer» B. Parents occupation
9.

There is evidence that an entrepreneur usually has ________ parents.

A. Self employed
B. Discouraged
C. Strict
D. Non supportive
Answer» A. Self employed
10.

The entrepreneur must possess the abilities of ____________.

A. Conceptualization
B. Creative
C. Understanding environment
D. All of the above
Answer» D. All of the above
11.

Which of the following is not a characteristic of an entrepreneur?

A. Need for independence
B. Need for affiliation
C. Need for achievement
D. Risk taking
Answer» B. Need for affiliation
12.

People who own, operate, and take risk of a business venture is known as ____________.

A. Aptitude
B. Employee
C. Entrepreneurs
D. Intrapreneur
Answer» C. Entrepreneurs
13.

An entrepreneur doing business within the national border is called __________.

A. International entrepreneurship
B. Intrapreneurship
C. Domestic entrepreneur
D. Imports
Answer» C. Domestic entrepreneur
14.

What type of entrepreneurial business actually produces the products they sell?

A. Manufacturing
B. Wholesaling
C. Retailing
D. Consumer
Answer» A. Manufacturing
15.

Entrepreneurial task depend upon the personality of the entrepreneur, organisational structure and _____________.

A. The environment
B. The market
C. The labour
D. The government
Answer» A. The environment
16.

The term intrapreneur is coined in ________________.

A. America
B. Andaman
C. Australia
D. Antartica
Answer» A. America
17.

The term intrapreneurship is coined in late ________.

A. Fifties
B. Sixties
C. Seventies
D. Eighties
Answer» C. Seventies
18.

Who said the term "Successful innovators are not risk takers"?

A. Adam Smith
B. J.B.Say
C. Drucker
D. Alfred Marshall
Answer» C. Drucker
19.

The difference in the entrepreneurial and managerial domains has contributed towards an increase in interest is ___________.

A. Forming new firms.
B. Partnership.
C. Intrapreneurship.
D. Private firms.
Answer» A. Forming new firms.
20.

To manage these projects successfully the country will need thousands of _____________.

A. Research and development personnels.
B. Financial investors.
C. Efficient project Managers.
D. Skilled workers.
Answer» C. Efficient project Managers.
21.

.________________ type of entrepreneurs are particularly important for underdeveloped countries because they contribute significantly to the development of such nations.

A. Innovative
B. Adoptive
C. Fabian
D. Drone
Answer» B. Adoptive
22.

.______________ type of entrepreneurs are very cautious and skeptical while practising any change.

A. Innovative
B. Imitative
C. Fabian
D. Drone
Answer» C. Fabian
23.

In small scale sector ______________ are dominant.

A. Institutional entrepreneurs
B. Entrepreneurs by inheritance
C. Technologist entrepreneurs
D. Forced entrepreneurs
Answer» A. Institutional entrepreneurs
24.

Managing entrepreneurs whose chief goal is __________.

A. Security
B. Power
C. Excitement
D. Ambitious
Answer» A. Security
25.

Which one among the following is considered as one of the important economic factor which determine entrepreneurial growth?

A. Government
B. Politics
C. Market
D. Private
Answer» C. Market
26.

Entrepreneurial management is noted for its ability to react quickly and effectively to new ___________.

A. Market
B. Business opportunities
C. Product
D. Technology
Answer» B. Business opportunities
27.

Which of the following is the back bone of financial plan?

A. Budgeting.
B. Capital.
C. Nature of business.
D. Cost of production.
Answer» B. Capital.
28.

The entrepreneur was distinguished from capital provider in______________.

A. Middle ages.
B. 18th century.
C. 17th century.
D. 19th and 20th century.
Answer» B. 18th century.
29.

Female entrepreneur differs from male entrepreneur in terms of the following except ____________.

A. Motivation
B. Business skill.
C. Departure point
D. Goal orientation
Answer» A. Motivation
30.

Which one of the following is the way by which an entrepreneur can enter into international business?

A. Export
B. Non equity arrangements
C. Direct foreign investment
D. All the above
Answer» D. All the above
31.

Which of the following is alternatively called corporate venturing?

A. Entrepreneurship
B. Intrapreneurship
C. Act of stating a new venture
D. Offering new products by an existing company
Answer» B. Intrapreneurship
32.

The term EDP refers to _____________.

A. Entrepreneurship Development Programme.
B. Entrepreneurial Development Programme.
C. Entrepreneur Development Programme.
D. Entrepreneuring Development Programme.
Answer» A. Entrepreneurship Development Programme.
33.

_________ promotes the creation and/or growth of enterprises through a National Team of Trainers and Counselors that provides training and counseling to young promoters to establish their own business and to reduce the failure rate of start-ups, contributing thereof to the economic growth of the Country.

A. EDQ
B. EDN
C. EDC
D. EDP
Answer» D. EDP
34.

EDPs are conducted by _____________.

A. Entrepreneurs
B. Specialised institutions
C. Business community
D. Government
Answer» B. Specialised institutions
35.

__________ is an apex Institute in the area of Entrepreneurship and Small Business Development under the Ministry of Micro, Small and Medium Enterprises Government of India.

A. NIESBUA
B. NIESBUB
C. NIESBUC
D. NIESBUD
Answer» D. NIESBUD
36.

___________ has helped to set up twelve state-level exclusive entrepreneurship development centres and institutes.

A. Entrepreneurship Development Institute of India
B. State Bank of India
C. Reserve Bank
D. Industrial Finance Corporation of India
Answer» A. Entrepreneurship Development Institute of India
37.

Which are not the main Components of project management?

A. Adequate control is exercised.
B. Concept and pre-feasibility study
C. A clear defined project objective
D. Evaluation and financing arrangements.
Answer» C. A clear defined project objective
38.

Project overrun is a frightening _________________facing India.

A. Financial problem
B. Resource problem
C. Economic problem
D. Research problem
Answer» C. Economic problem
39.

Project engineering and investment costs is an angle to ensure________.

A. Pre-feasibility
B. Detailed project report
C. Funding level
D. Project decision
Answer» D. Project decision
40.

Project phases allow for effective control at the_____________.

A. Project cost
B. Funding level
C. Estimation
D. Quality
Answer» B. Funding level
41.

Planning and controlling the task is the ________________of a project manager.

A. Strategy
B. Responsibility
C. Procedure
D. Duty
Answer» B. Responsibility
42.

The documentation required at the end of each phase of a small project can be defined by sub setting the documentation for a ________________.

A. Special project
B. Specified project
C. Typical project
D. Well Designed project
Answer» C. Typical project
43.

Which of the following shows the process of creating something new _________________?

A. Business model.
B. Modeling.
C. Creative flexibility.
D. Innovation.
Answer» D. Innovation.
44.

Stauworth and Curran have explained entrepreneurship in terms of _______________

A. Economic development
B. Protectionism
C. Monopoly
D. Social marginality
Answer» D. Social marginality
45.

Expanding economy serves as an accelerator to _______________

A. Entrepreneurship
B. Intrapreneurship
C. Sole proprietorship
D. Economic development
Answer» A. Entrepreneurship
46.

RCI stands for __________.

A. Re-investment corporation of India.
B. Re-investment committee of India.
C. Refinance corporation of India.
D. Refinance committee of India.
Answer» C. Refinance corporation of India.
47.

.The word entrepreneurship has been derived from a ____________ which means ' to undertake'.

A. French root
B. Greek root
C. Roman root
D. Italian root
Answer» A. French root
48.

______________ presupposes commitment to tasks to be performed with well defined objectives, schedules and budget.

A. Plan
B. Project
C. Schedule
D. Proposal
Answer» B. Project
49.

.Projects concerned with industrial development, power generation, mineral development will be considered as ___________.

A. Quantifiable project
B. Sectoral project
C. Techno-economic project
D. Feasibility project
Answer» A. Quantifiable project
50.

A person who managed large project was termed as the entrepreneur in the _________.

A. Earliest period.
B. Middle ages.
C. 17th century.
D. 19th and 20th century.
Answer» B. Middle ages.

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