Entrepreneurship Management MCQs With Answers

 

Entrepreneurship Management

241. 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

Correct answer: (D)
All the business and products are a resultant of Insight and Entrepreneurship

242. 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

Correct answer: (A)
Strategy

243. 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.

Correct answer: (D)
It is more than Rs 10 lakh but less than Rs 2 crore.

244. "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

Correct answer: (B)
Innovation's worst enemies

245. 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

Correct answer: (C)
Technology

246. 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

Correct answer: (C)
Ministry of Commerce and Industry

247. 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

Correct answer: (A)
Knowledge available in patent is available in public domain.

248. 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

Correct answer: (A)
World Intellectual Property Right Organization

249. 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

Correct answer: (A)
A Patent is an exclusive right granted for an invention.

250. 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

Correct answer: (A)
Patent Cooperation Treaty

Entrepreneurship Management MCQs , MCQs With Answers

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