ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT (MCQS)

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SEMESTER - IV

MID SEMESTER EXAMINATION

ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

(ESBM)

2014 - MCQS

(1) The word 'entrepreneur' is derived from the ________ verb.

(A) Greek

(B) German

(C) French

(D) Latin

(2) Among psychologists, Frank Young describes an entrepreneur as _______.

(A) Risk bearer

(B) Change agent

(C) Innovator

(D) Organizer

(3) _____ has listed three entrepreneurial functions : (1) Superintendence (2) Control & Direction.

(A) J. S. Mill

(B) J.B. Say

(C) Richard Cantilion

(D) Josheph Schumpeter

(4) Which among the following is not a barrier to entrepreneurship ?

(A) Social stigma

(B) Patent inhibiting

(C) Complacency

(D) Internal locus & control

(5) _______ is a group method for obtaining new ideas & solutions, where freewheeling is encouraged.

(A) Focus group

(B) Brainstorming

(C) Problem inventory analysis

(D) Checklist method

(6) Innovation is the _______ of creative ideas into useful application.

(A) Implementation

(B) Organization

(C) Ability

(D) Transformation

(7) TRIPS stands for _______.

(A) Trade Related Intellectual Property Services

(B) Trade Related Intellectual Property Sector

(C) Trade Related Intellectual Property Rights

(D) Trade Related intellectual Property Standards

(8) There is no copyright for ______.

(A) Sound recording

(B) Artistic work

(C) Musical composition

(D) Ideas

(9) The name of the venture should be identified in ______ segment of the business plan.

(A) Business description

(B) Executive summary

(C) Operations

(D) Introduction

(10) Which skills involve oral communication, interpersonal ability to organize, network building, coaching etc ?

(A) Business management skills

(B) Technical skills

(C) Personal entrepreneurial skills

(D) Interpersonal skills

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