MBA/MBA Entrepreneurship Management MCQ Set 5 Sample Test,Sample questions

Question:
"Not-invented-here (NIH) syndrome," "I already known it (IAKI)," "Prove it to me (PITM)," and "How on Earth could my firm possibly do that" are.

1.Legitimate reasons to maintain a conservative innovation policy

2.Innovation's worst enemies

3.Signs of weak management

4.None of the above

Posted Date:-2021-11-20 02:33:36


Question:
"Realizing that solid waste management is poor in India, some reasons were identified. One of the reason is almost zero segregation of waste at source. Waste segregation after collection is a very difficult task." How will you use this observation in challenge book?

1.Waste of efforts in segregation

2.Pain of citizens for poor solid waste management

3.Opportunity to use latest technology for Solid waste management

4.All of the above

Posted Date:-2021-11-20 02:25:53


Question:
"Recognizing that most of the future processes are going to be affected by blockchain technology", is an example of

1.Recognition of waste

2.Understanding the future wave

3.Feeling the pain of current users of technology

4.All of the above

Posted Date:-2021-11-20 02:22:34


Question:
A Business Model is related to

1.A way of doing Business

2.A perspective and a mode of looking at Markets

3.A mode of transaction

4.A structure of doing business involving market analysis and planning, revenue model and a plan of interacting with all the stakeholders involved.

Posted Date:-2021-11-20 02:10:19


Question:
A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as?

1.Ecopreneur

2.Technopreneur

3.Intrapreneur

4.Social Entrepreneur

Posted Date:-2021-11-20 02:05:56


Question:
A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006):

1.Rs. 15 Lakh

2.Rs. 20 Lakh

3.Rs. 25 Lakh

4.Rs. 30 Lakh

Posted Date:-2021-11-20 02:09:07


Question:
A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur's enterprise:

1.35 per cent

2.51 per cent

3.25 per cent

4.None of the above

Posted Date:-2021-11-20 02:00:57


Question:
According to MSME Act in India, what is the limit of investment in plant and machinery for a micro enterprises involved in manufacturing?

1.Rs 5 lakhs

2.Rs.20 lakhs

3.Rs.25 lakhs

4.There is no such limit in the act.

Posted Date:-2021-11-20 02:30:44


Question:
According to MSME Act in India, what is the limit of investment in plant and machinery for a small enterprises involved in services?

1.There is no separate classification for service and manufacturing organizations.

2.It is less than Rs 1 crore.

3.It is less than Rs 2 crore.

4.It is more than Rs 10 lakh but less than Rs 2 crore.

Posted Date:-2021-11-20 02:33:08


Question:
According to the __________, it can be concluded that firms have a competitive advantage in a market if they offer products of a higher perceived value to the customers and lower relative costs than competing firms.

1.Red ocean strategy

2.Analysis of national competitiveness

3.Blue ocean strategy

4.Competitive triangle

Posted Date:-2021-11-20 02:18:37


Question:
An entrepreneur has an amalgamation of

1.Thinking Ability, creativity, critical thinking, analytical abilities and originality.

2.Aptitude for Human Relations.

3.Communication Skills.

4.Financial Ability

Posted Date:-2021-11-20 02:20:09


Question:
As a business model

1.Amazon is same as Uber

2.Big Basket is same as Big Bazaar

3.Amway is similar to HUL Shakti

4.IBM is same as Del Computers

Posted Date:-2021-11-20 02:17:43


Question:
Basic framework of Insights is proposed on the basis of

1.Contentions

2.Information

3.Observation

4.Connections, Contradictions and Creative Desperation

Posted Date:-2021-11-20 02:31:59


Question:
Entrepreneurship ManagementWhich of the examples seem to be associated with Insight and Entrepreneurship.

1.Clocks

2.Footwear

3.Furniture

4.All the business and products are a resultant of Insight and Entrepreneurship

Posted Date:-2021-11-20 02:32:22


Question:
Family business always interested to handover the change of his business to:

1.Indian Administration Officers

2.Professional Managers

3.Next generation

4.None of the above

Posted Date:-2021-11-20 02:03:08


Question:
GATT is established in 1947, under:

1.German leadership

2.U.S. leadership

3.French leadership

4.U.K. leadership

Posted Date:-2021-11-20 02:06:46


Question:
Having less than 50 percent of equity share in an international venture is called:

1.Joint Venture

2.Majority interest

3.Minority interest

4.Exporting

Posted Date:-2021-11-20 02:07:13


Question:
Having more than 50% ownership position that provides the entrepreneur with managerial control is called:

1.Joint venture

2.Majority interest

3.Horizontal merger

4.Diversified activity merger

Posted Date:-2021-11-20 02:01:48


Question:
Information regarding all of the following is related to operations, EXCEPT:

1.Location

2.Promotion

3.Raw materials

4.Labor skills

Posted Date:-2021-11-20 02:09:55


Question:
Innovations provide

1.The primary means for differentiating your product from your competitors'

2.Higher profit margins

3.Potential barriers to entry

4.All of the above

Posted Date:-2021-11-20 02:31:34


Question:
Members of distribution channels are excellent sources for new ideas because:

1.They earn a handsome profit from new business

2.They are familiar with the needs of the market

3.They do not bother if entrepreneur bears a loss

4.They have well-developed sales force

Posted Date:-2021-11-20 02:04:18


Question:
Monetizing an idea to make money with some method of operations is known to be

1.Strategy

2.Scope

3.Business model

4.Business system

Posted Date:-2021-11-20 02:32:44


Question:
Social entrepreneurship can be defined as which of the following?

1.A process involving the innovative use and combination of resources to pursue opportunities to catalyze change and/or address social needs

2.Coming up with new solutions to social problems and then implementing them, often on a large scale

3.An attempt at the creation new social value through the creation of a new enterprise, such as self-employment, creating a new business or nonprofit, or the expansion of an existing social enterprise b

4.Any entrepreneurship is Social Entrepreneurship. /All of the above

Posted Date:-2021-11-20 02:10:56


Question:
Strategy Canvass is based on the framework of

1.Eliminate Raise

2.Eliminate Raise reduce create

3.Focus, Divergence and Compelling tagline

4.Offerings

Posted Date:-2021-11-20 02:16:30


Question:
The activity which occurs when the new venture is started is called:

1.Motivation

2.Business skills

3.Departure point

4.Goal orientation

Posted Date:-2021-11-20 02:02:11


Question:
The entrepreneur was distinguished from capital provider in:

1.Middle ages

2.17th century

3.18th century

4.19th and 20th century

Posted Date:-2021-11-20 02:01:26


Question:
The level at which an individual is viewed by society is called:

1.Financial status

2.Qualification

3.Social status

4.Achievement

Posted Date:-2021-11-20 02:07:41


Question:
Venture capital is concerned with:

1.New project having potential for higher profit

2.New project of high technology

3.New project having high risk

4.All the above.

Posted Date:-2021-11-20 02:06:20


Question:
What do you mean by PCT?

1.Patent Cooperation Treaty

2.Protection of Copyright Treaty

3.Patent and Copyright Treaty

4.None of the above

Posted Date:-2021-11-20 02:36:34


Question:
What do you mean by WIPO?

1.World Intellectual Property Right Organization

2.World Internet Protection Organization

3.World Intellectual Protection Organization

4.World Indicator of Patents Organization

Posted Date:-2021-11-20 02:35:25


Question:
What is not an essential condition to obtain patent?

1.Novelty

2.Non obviousness

3.Theory development

4.Industry application

Posted Date:-2021-11-20 02:37:07


Question:
What is the aim of a strategy canvas?

1.To avoid red oceans

2.To move towards uncontested market space

3.To increase a produce range

4.To beat competitors on prices

Posted Date:-2021-11-20 02:19:25


Question:
What is the general shape of a technology life cycle?

1.S curve

2.Normal distribution curve

3.Bell curve

4.Straight line

Posted Date:-2021-11-20 02:30:20


Question:
What is the innovation gap?

1.An opening that rivals might exploit

2.The time that elapses between invention and innovation

3.A nation's lack of inventiveness

4.An opening that can be exploited by an entrepreneur with a good idea

Posted Date:-2021-11-20 02:24:13


Question:
What is the role of technology forecasting in innovation?

1.It helps in understanding the future application of existing technology.

2.It helps in understanding the development of new technologies.

3.It helps in understanding the market of a technology.

4.All of the above

Posted Date:-2021-11-20 02:23:28


Question:
Which of the following describes the totality of the means people employ to accomplish desired tasks?

1.Innovation

2.Competitive advantage

3.Technology

4.Facilities

Posted Date:-2021-11-20 02:34:02


Question:
Which of the following is alternatively called corporate venturing?

1.Entrepreneurship

2.Intrapreneurship

3.Act of stating a new venture

4.Offering new products by an existing company

Posted Date:-2021-11-20 02:09:31


Question:
Which of the following is correct?

1.Knowledge available in patent is available in public domain.

2.Knowledge available in patent is kept confidential so that it can not be used by others.

3.Patenting of invention is a big hindrance of use of technology for social welfare.

4.All of the above

Posted Date:-2021-11-20 02:35:04


Question:
Which of the following is correct?

1.A Patent is an exclusive right granted for an invention.

2.Getting patent is a guarantee for a regular income for your invention.

3.Both (a) and (b)

4.None of the above

Posted Date:-2021-11-20 02:35:56


Question:
Which of the following is correct?

1.All innovations are also inventions.

2.All inventions are also innovations.

3.Inventions are related to science while innovations are related to social issues.

4.None of the above

Posted Date:-2021-11-20 02:21:46


Question:
Which of the following is correct?

1.Technology is the use of engineering knowledge for wealth generation.

2.Innovations are scientific inventions.

3.Innovations are new ideas.

4.Innovations are new ideas.

Posted Date:-2021-11-20 02:25:04


Question:
Which of the following is correct?

1.Science is a systematic way of studying any phenomenon.

2.Science is all about experimentation.

3.Science is concerned with explaining things in a rational manner.

4.All of the above

Posted Date:-2021-11-20 02:29:56


Question:
Which of the following is not included in the parameters of sustainable development?

1.Carrying capacity

2.Inter and Intra-generation equity

3.Gender disparity and diversity

4.None of the above

Posted Date:-2021-11-20 02:31:10


Question:
Which of the following traditional marketing elements do not apply to social entrepreneurship efforts?

1.Public Relations

2.Sales Promotion

3.Marketing mix

4.None of the above

Posted Date:-2021-11-20 02:20:53


Question:
Which of the ministry of Government of India deals with matters related to intellectual property?

1.Niti Aayog

2.Ministry of Human Resource Development

3.Ministry of Commerce and Industry

4.Ministry of Finance

Posted Date:-2021-11-20 02:34:29


Question:
Which one of the following gives suggestions for new product and also help to market new products?

1.Existing products and services

2.Federal government

3.Distribution Channels

4.Consumers

Posted Date:-2021-11-20 02:03:33


Question:
Which one of the following is the most important characteristic of a successful business website?

1.Innovation

2.Speed

3.Graphics

4.products

Posted Date:-2021-11-20 02:02:43


Question:
Which one of the following is the next stage to the Concept Stage of Product Planning and Development Process?

1.Idea Stage

2.Product Planning Stage

3.Product Development Stage

4.Test Marketing Stage

Posted Date:-2021-11-20 02:08:28


Question:
Which one of the following is the process of entrepreneurs developing new products that over time make current products obsolete?

1.New business model

2.Anatomization

3.None of the given options

4.Creative destruction

Posted Date:-2021-11-20 02:03:55


Question:
Why should an entrepreneur do a feasibility study for starting a new venture

1.To identify possible sources of funds

2.To see if there are possible barriers to success

3.To estimate the expected sales

4.To explore potential customers

Posted Date:-2021-11-20 02:04:46


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