Institutional Assistance of Business MCQ With Answers
1. An entrepreneur into the hosiery business found out the reason his hosiery was not selling was due to
its color. What could be the best source of this information?
a. Supplier
b. Retailer
c. Competition
d. Government
2. In some countries, points of purchase displays are not allowed in retail stores. Such differences are
studied by international entrepreneurs under __________ environment.
a. Economic
b. Political
c. Cultural
d. Technological
3. Having more than 50% ownership position that provides the entrepreneur with managerial control is
called ___________.
a. Joint venture
b. Majority interest
c. Horizontal merger
d. Diversified activity merge
4. The development of a new venture based on an inventor's work often requires ________.
a.
Expertise of an entrepreneur
b. Heavy investment from financers
c. Skilled human resources
d. Highly educated staff
5. A business where an individual is both the owner and conductor of the business affairs is
called__________________.
a. Sole Proprietorship
b. Partnership
c. Corporation
d. None of the above
6. In __________________, the entrepreneur has the right to sell any assets.
a. Proprietorship
b. Partnership
c. Limited Liability Company
d. None of the given options
7. Entrepreneurs are best as ________________
a. Managers
b. Venture capitalists
c. Planners
d. Doers
8. Entrepreneurs and ventures capitalists:
a. Get along well
b. Are the best friends
c. Are cordial friends
d. Are in conflict
9. _________________ is one method of stimulating, and then capitalizing on, individuals in an
organization who think that something can be done differently and better.
a) Strategic Orientation
b) Capitalization
c) Intrapreneurship
d) Management
10. The _______ plan shows whether the business is economically feasible or not.
a.
Financial
b. Business
c. Economic
d. Marketing