Entrepreneurship Management MCQs With Answers PDF

 

Entrepreneurship Management

251. What is not an essential condition to obtain patent?

1. Novelty
2. Non obviousness
3. Theory development
4. Industry application

Correct answer: (C)
Theory development

252. What is the normal life a patent?

1. 10 years
2. 20 Years
3. 25 Years
4. There is no fixed life.

Correct answer: (B)
20 Years

253. Which of the following is correct?

1. A Patent gives universal protection.
2. A Patent is a territorial protection.
3. A Patent is specific to an industry.
4. A patent is specific to an application.

Correct answer: (B)
A Patent is a territorial protection.

254. Which of the following is not a form of intellectual property?

1. Patent
2. Copyright
3. Cash in hand
4. Geographical Indicator

Correct answer: (C)
Cash in hand

255. The typical ______________ has a climate and reward system that favor conservative decision making.

1. Entrepreneurship culture
2. Corporate culture
3. Intrapreneurial culture
4. None of the above

Correct answer: (B)
Corporate culture

256. Which of the following is correct?

1. Mind-set is the biggest barrier in the process of innovation.
2. External environment is a major barrier in the process of innovation.
3. “Many of us feel that innovation is not my cup of tea” – this is a major challenge in the process of innovation.
4. All of the above

Correct answer: (D)
All of the above

257. Which of the following is not a characteristics of systems thinking approach?

1. Point of leverage is to be identified.
2. It uses concept of silver bullet.
3. Theory of constraints is best suited for systems thinking.
4. None of the above

Correct answer: (D)
None of the above

258. Which of the following is not correct with respect to “concept of challenge book”?

1. It helps in creating a template for recording various observations.
2. It helps in getting a readymade list of various problems which require innovative solution.
3. It is a record of impact created by different innovations.
4. None of the above

Correct answer: (C)
It is a record of impact created by different innovations.

259. Which of the following is a possible assumption to be validated in an experiment in the process of innovation?

1. Indian customers would enjoy buying product on line.
2. Indian customers would enjoy movies depicting India mythological characters.
3. Indian customers would pay for an email service for high level of data security.
4. All of the above

Correct answer: (D)
All of the above

260. Who is not needed in developing participation for innovation in the organizations?

1. Role Model
2. Catalyst
3. Investor
4. Customer

1. Only (iv)
2. Only (iii) and (ii)
3. Only (iii) and (iv)
4. Only (i)

Correct answer: (C)
Only (iii) and (iv)

Entrepreneurship Management MCQs , MCQs With Answers

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