Entrepreneurship Management
1. Which one of the following theory has the attribute of moderate risk taking as a function of skill, not chance?
- Need for independence
- Need for achievement
- Need for affiliation
- Need for authority
Correct answer: (B)
Need for achievement
2. Foundation companies are formed from:
- Fashion
- Research and development
- Most popular business
- winding up company
Correct answer: (B)
Research and development
3. All of the following are the broad categories of External forces EXCEPT:
- Economic forces
- S Socioeconomic forces
- Technological forces
- Competitive forces
Correct answer: (B)
S Socioeconomic forces
4. A ______________ is a professional money manager who makes risk investment from a pool of equity capital to obtain a high rate of return on investments.
- venture capitalist
- entrepreneur
- businessman
- buyer
Correct answer: (A)
venture capitalist
5. Members of distribution channels are excellent sources for new ideas because:
- They are familiar with the needs of the market
- They earn a handsome profit from new business
- They do not bother if entrepreneur bears a loss
- They have well-developed sales force
Correct answer: (A)
They are familiar with the needs of the market
6. Which of the following geographical area is having least interest to U.S. entrepreneurs?
- Europe
- The Far East
- Central Asia
- Transition economies
Correct answer: (C)
Central Asia
7. Andrew Carnegie is an example of entrepreneur of which century:
- Earliest period
- 19th and 20th century
- Middle ages
- 17th century
Correct answer: (B)
19th and 20th century
8. The activity which occurs when the new venture is started are called:
- Business skills
- Motivation
- Departure point
- Goal orientation
Correct answer: (C)
Departure point
9. The business plan should be prepared by:
- Entrepreneurs
- Consultants
- Engineers
- Small business administration services
Correct answer: (A)
Entrepreneurs
10. What is the primary concern of founders who trade equity for capital for their growing venture?
- Capitalization
- Control
- Valuation
- Investor capabilities
Correct answer: (A)
Capitalization
Thursday, December 30, 2021