Entrepreneurship Management
281. Which of the following is correct?
- In present times, the product life cycles are reducing.
- In present times, the product life cycles are increasing.
- In present times, uncertainty in business environment is reducing.
- None of the above
Correct answer: (A)
In present times, the product life cycles are reducing.
282. Which of the following is correct?
- Innovation starts with creativity.
- Innovation begins with curiosity.
- Innovation happens accidently.
- All of the above
Correct answer: (B)
Innovation begins with curiosity.
283. Which of the following is correct?
- Maslow proposed a five stage need hierarchy model.
- Maslow proposed three stages need hierarchy model.
- Maslow divided human behaviour in two categories.
- 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?
- High centralized decision making process
- Highly decentralized decision making process
- Somewhat centralized decision making process
- No particular standards
Correct answer: (B)
Highly decentralized decision making process
285. Which of the following is not correct?
- Cocreation is a process which is used by innovators for getting new ideas.
- Cocreation involves participation of customers in the process of solving a problem
- Cocreation is possible in services and manufacturing.
- 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?
- Incubator provides financial support to start up.
- Incubator provides mentorship support.
- Incubator provides networking opportunities with venture capitalists.
- All of the above
Correct answer: (D)
All of the above
287. Single largest factor associated with a Business Model Failure is:
- Incoherence with the Business Environment
- Unavailability of regular banking and finance support
- Powerful Competition
- Complacency of the Organization and the team
Correct answer: (D)
Complacency of the Organization and the team
288. Which of the following is correct?
- Japanese manufacturing philosophy focuses on Cost minimization.
- Japanese manufacturing philosophy focuses on innovation.
- Japanese manufacturing philosophy focuses on quality with minimum cost.
- 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?
- Novelty of idea
- Ease of implementation of idea
- Impact of idea
- 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?
- Putting a poster mentioning your achievement alongwith your photograph on main notice board of the company
- Giving you a Cash prize of Rs1 million
- Giving you a promotion to some different department or location
- None of the above
Correct answer: (C)
Giving you a promotion to some different department or location