Entrepreneurship Management MCQs With Answers PDF

Entrepreneurship Management

271. One of the most important remedies of a business model failure is:

1. Consistency and Persistence of the organization and the leadership
2. Market Analysis
3. Competitor’s Analysis
4. Product analysis

Correct answer: (A)
Consistency and Persistence of the organization and the leadership

272. The importance of intellectual property should be understood by entrepreneur even before ______________

1. Hiring a manager
2. Engaging an attorney
3. Developing a product
4. Establishing new venture

Correct answer: (B)
Engaging an attorney

273. Which of the following is correct?

1. Uncertainty about future gives excitement to an innovator.
2. Prediction disability is a villain in the process of innovation.
3. Innovation is an adventurous process.
4. None of the above

Correct answer: (B)
Prediction disability is a villain in the process of innovation.

274. Which of the following is not a characteristics of design thinking approach?

1. Rapid prototyping
2. Detailed analysis
3. Faster implementatio
4. None of the above

Correct answer: (B)
Detailed analysis

275. Which of the following statements is not correct?

1. Divergent thinking works best for open ended problems.
2. Divergent thinking involves creativity.
3. Unlike convergent thinking, there is no single best correct answer in divergent thinking.
4. The process of divergent thinking is systematic and logical

Correct answer: (C)
Unlike convergent thinking, there is no single best correct answer in divergent thinking.

276. Which of the following is not a possible assumption to be validated in an experiment designed in the process of innovation?

1. Women are as hard working as men.
2. Women are as intelligent as men.
3. Women are as fearless as men.
4. All of the above

Correct answer: (D)
All of the above

277. Which of the following is not correct?

1. In process of cocreation, customers and solution provider shares value.
2. In process of cocreation, focus shifts from problem loci to problem space.
3. Both (a) and (b) are false.
4. Both (a) and (b) are correct.

Correct answer: (C)
Both (a) and (b) are false.

278. How does an organization creates value?

1. By knowing their customers well
2. By knowing their employees well
3. By knowing themselves well
4. By knowing their successors well

Correct answer: (A)
By knowing their customers well

279. How should India or similar markets look at the future?

1. On the basis of Needs and Resources.
2. On the basis of pattern set by the developed markets.
3. On the basis of the neighboring markets
4. On the basis of the desire of the entrepreneurs.

Correct answer: (A)
On the basis of Needs and Resources.

280. Which of the following is/are challenge(s) in the process of innovation?

1. Fear of failure
2. Unable to predict
3. Lack of resources
4. All of the above

Correct answer: (D)

All of the above 

Entrepreneurship Management MCQs , MCQs With Answers

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