Entrepreneurship and Small Business Management MCQs and Notes

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 21. Which of the following is not one of the environmental factors that may influence the potential of a small business?

(A) Close contacts with customers related to problem solving activities

(B) Clusters of technically advanced small firms

(C) An industry with economies of scale

(D) Banks recognising the needs of small firms

S

Shiva Ram • 30.44K Points
Instructor I

Q 22. Which of the following is presented as evidence of social factors influencing whether someone becomes an owner-manager?

(A) Although people believe self-employment runs in families, there is little evidence to support this view.

(B) There seems to be little relationship between self-employment and age.

(C) Self-employment is more common among some ethnic groups.

(D) Self-employment is more common among single people than among the married.

P

Priyanka Tomar • 35.28K Points
Coach

Q 23. The 'enterprise culture' is a general interest in developing new ventures

(A) True

(B) False

(C) all

(D) none

S

Shiva Ram • 30.44K Points
Instructor I

Q 24. Supply of entrepreneur depends on the

(A) Rate of the profit available

(B) Prevailing social climate

(C) Rate of profit and social climate

(D) None of the above

P

Priyanka Tomar • 35.28K Points
Coach

Q 25. Systematic innovation means

(A) Monitoring different sources of or innovative opportunity

(B) Developing different types of entrepreneurial behavior

(C) Identifying different new business opportunity

(D) Creating bases for systematic creativity

P

Praveen Singh • 36.81K Points
Coach

Q 26. Drone entrepreneur are those who generally

(A) Earn super profit

(B) Earn normal profit

(C) Earn profit or even losses

(D) Incur losses

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 27. Fabian Entrepreneurs are characterized by:

(A) Hardworking

(B) Religious and traditional

(C) Shy and Lazy

(D) Ready to take risk

R

Ram Sharma • 193.86K Points
Coach

Q 28. No. of sources for innovative opportunity is given by Peter Drucker.

(A) 5

(B) 6

(C) 7

(D) 8

R

Ranjeet • 34.60K Points
Instructor I

Q 29. The book “Innovation and Entrepreneurship” is written by:

(A) J.B. Say

(B) J.A. Schumpeter

(C) Peter F. Drucker

(D) Cantillon

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 30. Innovative entrepreneur ensures:

(A) Static equilibrium

(B) Dynamic equilibrium

(C) Static disequilibrium

(D) Dynamic disequilibrium