Entrepreneurship and Small Business Management MCQs and Notes

P

Praveen Singh • 36.81K Points
Coach

Q 11. Which of the following shows the process of creating something new?

(A) Business model
(B) Modeling
(C) Innovation
(D) Creative flexibility

V

Vinay • 28.75K Points
Instructor II

Q 12. Melissa is one of the newest and most successful entrepreneurs in the technology industry. She handles numerous dealings with other companies for the exchange of goods and services. Her primary goal is to ensure that all parties involved receive favorable and acceptable terms. Melissa is most probably excellent at the entrepreneurial skill of _______.

(A) negotiating
(B) networking
(C) leadership
(D) analysis

G

Gopal Sharma • 38.32K Points
Coach

Q 13. The entrepreneur who is committed to the entrepreneurial effort because it makes good business sense is classed as a/an _____.

(A) inventor
(B) opportunist
(C) hacker
(D) craftsman

V

Vinay • 28.75K Points
Instructor II

Q 14. Which of the following is not considered a common characteristic of an entrepreneur?

(A) Internal locus of control
(B) High need for achievement
(C) Self-confidence
(D) External locus of control

S

Shiva Ram • 30.44K Points
Instructor I

Q 15. For small business owners, one of the most important objectives is _______.

(A) market presence
(B) growth
(C) profitability
(D) adaptability

P

Praveen Singh • 36.81K Points
Coach

Q 16. An ______ is best described by stating it is any business that is independently owned and operated and is not dominate in its market.

(A) strategic alliance
(B) corporation
(C) entrepreneurship
(D) proprietorship

A

Admin • 36.95K Points
Coach

Q 17. EDP is required to help

(A) Existing entrepreneur
(B) First generation entrepreneur
(C) Future Entrepreneur
(D) None of the above

G

Gopal Sharma • 38.32K Points
Coach

Q 18. EDP meant for developing

(A) Professional skill
(B) Entrepreneurial motive
(C) Personal qualities
(D) Entrepreneurial monitoring

P

Priyanka Tomar • 35.28K Points
Coach

Q 19. One of the differences between marketing in a corporate setting and an entrepreneurial one is the reliance by the entrepreneur on personal credibility and skills in persuasive communication.

(A) True
(B) False
(C) all
(D) none

R

Ranjeet • 34.60K Points
Instructor I

Q 20. What factors have contributed to the blurring of boundaries between different industries?

(A) Technological innovation; political change; legal and socio-economic changes
(B) Technological innovation
(C) Changes amongst customers, competitors and suppliers
(D) Both (a) and (d)

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