Entrepreneurship Management MCQs With Answers

 

Entrepreneurship Management

281. Which of the following is correct?

1. In present times, the product life cycles are reducing.
2. In present times, the product life cycles are increasing.
3. In present times, uncertainty in business environment is reducing.
4. None of the above

Correct answer: (A)
In present times, the product life cycles are reducing.

282. Which of the following is correct?

1. Innovation starts with creativity.
2. Innovation begins with curiosity.
3. Innovation happens accidently.
4. All of the above

Correct answer: (B)
Innovation begins with curiosity.

283. Which of the following is correct?

1. Maslow proposed a five stage need hierarchy model.
2. Maslow proposed three stages need hierarchy model.
3. Maslow divided human behaviour in two categories.
4. Maslow divided human behaviour in three categories.

Correct answer: (A)
Maslow proposed a five stage need hierarchy model.

284. In stage of responsibility allocation process the entrepreneur follows?

1. High centralized decision making process
2. Highly decentralized decision making process
3. Somewhat centralized decision making process
4. No particular standards

Correct answer: (B)
Highly decentralized decision making process

285. Which of the following is not correct?

1. Cocreation is a process which is used by innovators for getting new ideas.
2. Cocreation involves participation of customers in the process of solving a problem
3. Cocreation is possible in services and manufacturing.
4. None of the above

Correct answer: (A)
Cocreation is a process which is used by innovators for getting new ideas.

286. What is the role of incubator in the process of entrepreneurship?

1. Incubator provides financial support to start up.
2. Incubator provides mentorship support.
3. Incubator provides networking opportunities with venture capitalists.
4. All of the above

Correct answer: (D)
All of the above

287. Single largest factor associated with a Business Model Failure is:

1. Incoherence with the Business Environment
2. Unavailability of regular banking and finance support
3. Powerful Competition
4. Complacency of the Organization and the team

Correct answer: (D)
Complacency of the Organization and the team

288. Which of the following is correct?

1. Japanese manufacturing philosophy focuses on Cost minimization.
2. Japanese manufacturing philosophy focuses on innovation.
3. Japanese manufacturing philosophy focuses on quality with minimum cost.
4. All of the above

Correct answer: (C)
Japanese manufacturing philosophy focuses on quality with minimum cost.

289. Which of the following is important in selection of an idea?

1. Novelty of idea
2. Ease of implementation of idea
3. Impact of idea
4. All of the above

Correct answer: (D)
All of the above

290. Which of the following can not be a type of reward for encouraging innovation in your organization?

1. Putting a poster mentioning your achievement alongwith your photograph on main notice board of the company
2. Giving you a Cash prize of Rs1 million
3. Giving you a promotion to some different department or location
4. None of the above

Correct answer: (C)
Giving you a promotion to some different department or location

Entrepreneurship Management MCQs , MCQs With Answers

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